Amazing just amazing, not a bear in sight. I beg anyone who is shorting this market to stop, you are the fuel taking it higher.
Sorry guys no chance for a down day
- Thread starter myminitrading
- Start date
Yes, if we close in the green on the S&P, this will be 9 days up and 1 day down for a gain of 2.6%. Not bad in 10 trading days !
Trying to short some ETFs to protect my long only systems has not been successful, as you can imagine.
Trying to short some ETFs to protect my long only systems has not been successful, as you can imagine.
Today will be a big test.
With the incredibly shitty housing data starting to spill over now into other data, it's going to be interesting.
With the incredibly shitty housing data starting to spill over now into other data, it's going to be interesting.
The problem is to define "bad" news. A very critical element of the market behavior is expectations on interest rates. So, a bad number for the housing market could lead the Fed to cut interest rates to improve the real esate situation (lower mortgage rates). So, right now, inflation, labor costs, are more important to watch than many other economic indicators.
I am not saying this is right or wrong, I am just trying to understand how the market reacts to news, and what is considered bad or good. Typical reaction here, though, with the BS thing. But it comes with the territory. I accept it.
