today ES up on bad news, and down on good news? how to interpret?

Quote from leontancfa:


how should I interpret news? any insight on that?
More...

For relatively ST trading you don't, let the market movers and shakers do the interpreting. Your just trying to ride their coat tails anyway. So it's their reaction that your interested in, IMO anyway.
 
Exactly. Unless your specific niche is news trading, you shouldnt care really at all what the numbers are, only how the mkt reacts to those numbers.



Quote from Lucrum:

For relatively ST trading you don't, let the market movers and shakers do the interpreting. Your just trying to ride their coat tails anyway. So it's their reaction that your interested in, IMO anyway.
More...
 
Interpretation: Stay away. This market's dead for the time being.

International markets aren't acting much better, either. They're stuck waiting for some 'catalyst', in order to break one way or the other. Asia didn't confirm latest S&P high. Maybe that's where it'll crack 1st. Wait 'n see.

In the meantime go to the beach!
 
You must log in or register to reply here.
Back
Top