Somethings happening HERE!

It has been choppy. Lost the $300 profit I had on PINS yesterday, when it suddenly, collapsed. Ended up with a $126 loss instead. Good thing, I closed BLNK, FTCH, PLUG with substantial profits. Looks like the $2 trillion stimulus Joe Biden proposed is not getting traction. Nancy Pelosi will load it up with pork, Republicans in the Senate will shoot it down and that would be the end of it. They can only pass that extra $1,400 stimulus thru budget reconciliation without the pork and other gimmicks. This only delays the $1,400 stimulus. The stockmarket is probably, reacting to that prospect. So think, February 2021 for the $1,400 stimulus to pass. It is not coming anytime soon.
 
Hi MB,

I am not so sure the action is indicating a major move. Like you have have been on ES everyday. To me it seems more like consolidation and position maneuvering. I still see the normal behavior, but not enough to move seriously in a direction. To me it seems like we are just as likely to be preparing a base for a move up. But, we shall see....
 
VicBee said:
I'll take a crash any day over a dreadful lateral or slow downwards market, but I'm an adrenalin junkie. Now, where did I put my manual on timing the drop and reentry...
More...

This is a powerful statement and true for any bull swinger like myself. I have finally learned that the sharp and sudden drawdowns are seemingly necessary, and they recover fairly swiftly.

It is the multi-month drip down that I fear, because it would kill any bull swing. A 20% drop in a couple of weeks is better than a 20% drop dragged out over months and months.
 
MarkBrown said:
something is up that market is stalling in anticipation for something happening. figure it has to be this inauguration thing, but the market is on edge and stalled. we been in sideways chop for 5 days now. got a feeling this market is going to rip one way or the other in catastrophic gaps.

it's like waiting for a report but it never comes, lol.
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Well put. Do we miss Trump?!

I think the sideways cycles are getting longer and longer which is an indication of a stable market. What an English person might call bullocks.

I think USD will loose a bit more ground for the new stimulus money (if that doesn't go into poor's pockets). If it doesn't go into markets we may see a reversal and things may not be pretty for day traders. It may become a boring ladder with uptrend only.

Still, I don't understand why Biden would have such a great effect. It beats me. Back to stable old swamp from Trump's swamp? So, best to wait with stuck positions.

Maybe the curtains are pulled and show is over :p?

OR maybe this thread exists because of dark pools. Of course we being in the dark.
 
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