We should have fallen 15% min based on the bank chaos . Were basically flat . The bearishness astounding . Last 14 months . Russia / Ukraine, rates from 0-5%, oil hit $130 , earnings flat to down,Banks in chaos . And we can’t even give back 1 full year of a 12 year bull mkt ( S&P ended near 3800 yr end 2021 . The shorts are stacked. The Ken Calhoun indicator spot on . Sunday night he was licking his chops saying collapse .
The mkts basically the same level before all the bank turmoil . Shorts stacked
- Thread starter SammyJ
- Start date
You stretched the daily price chart Y-axis far far too much.
You should stretch the daily day range chart Y-axis.
Look at the massive DAX day range over the past few days.
It is the day traders' dream ;
there are tons and tons of trading opportunities for them.
They are laughing all the way to the banks.
Swing traders who shorted it must be weeping and grinding their
teeth in despair.
Last edited:
I would just say "you would think we would have fallen 15%" rather than actually should have. Otherwise, I pretty much agree with you on everything else. The fact we didn't, the fact that the S&P and NDX both finished up on the week, was pretty telling. If you're trying to trade based on how you feel, based on the news, you're pretty much screwed.
I am not ready to play a dirge for KC.
Because even the rate hikes is pure virtue signaling. Nobody in leadership is serious about the underlying issues in the economy. The Fed balance sheet tells you everything you need to know...
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
What is it telling you now?
What is it telling you now?
