This weeks bullish action can be rather deceiving. Many fund managers are buying this years winners so it shows up on client statements and they can look like a stock picking genious. However, next week will be very interesting if this rally continues. Any thoughts?
This weeks trading can be deceiving
- Thread starter gunner_trader
- Start date
Yeah I mean it's end of the year and we have good built up momentum from a longer term perspective, even without being end of the year once momentum is built up it takes time to put in a new high. People will just keep buying and buying, until they are basically forced out of their position.
Not like I am saying anything that isn't obvious, but January things are likely to get more lively.
Not like I am saying anything that isn't obvious, but January things are likely to get more lively.
Volumes are usually weak this time of year. Don’t read that much into it.
This tells us what Nancy Pelosi thinks will happen:
https://www.zerohedge.com/markets/n...ns-google-micron-roblox-salesforce-and-disney
"And while the presumption is that there Pelosi did not trade on inside information, something tells us each of those trades will be profitable."
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Prices sure can be deceiving, I've gotten bad data before/but that seldom happens with 2 data providers...........................................................................