Trading the Indices on Fundamentals
- Thread starter FXtrader8911
- Start date
I'll be worried if new highs are reached, till then, just "uncomfortable" that I might be wrong... the position sizes are rather big
Was there no way to get out of the shorts when you took the long profits, to net at least BE?
If your intuition starts telling you something, might be time to listen.
Yeah, I could have married them off but my intuition says a downturn is on the cards (I been wrong before on that but history is on my side)
Keep one thing in mind as we enter the US holiday...Asia was closed when the tweets today and trade meeting stuff was finalized and all this positive falderal was announced.
Keep an eye out on Sunday night 6PM ET when the futures open again. Traffic may be light on the fut side due to the holiday, but Asia will open later on that night. We gots the US trading halt at 1PM Monday.
Hell, make it a swing, like I tended to do! Wheee! Multi-weeks! OMG, no, don't do that. It is awful with Angry Orange in the Oval Orifice.
No holiday closure is scheduled on Monday according to NYSE. What holiday are you talking about?
Oh, my bad. For some reason I thought Columbus day had a reduced trading schedule.
Asia moves are rather insignificant in the scheme of things so even if the reaction to the trade deal is positive, it does not mean much. What is significant is a PE ration above-average despite a lowe GDP, something that Buffett also uses as an indicator. Sentiment might be high but markets always gravitate towards the fundamentals eventually. Longer term, a correction is on the cards, day to day could be up... just follw your charts for day trading.
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