Who's fading this move up?

I am a short term trader and never leave my PC when my money is somewhere in cyberspace, let alone try to sleep well when I go to sleep not knowing if I will wake up richer or poorer. To do either would be irresponsible, IMO.
 
Quote from S2007S:

These wild swings are great, up 400 one day, next day down 200. I dont know how long this volatility is going to last but you have to know that a few times in the last 30 minutes of trading these past few weeks when the market was selling off it sold off extremely hard into the close and when it was in rally mode it has closed up strong. This is the second time in a week the market has rallied extremely strong into the close however a day or 2 later it was lower. The only thing that can keep this market moving higher are earnings, especially this week out of big tech and industrial names, but I highly doubt it will happen.
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Robust economic fundamentals and cheap valuations are what is moving this market higher.
 
Quote from stock_trad3r:

Robust economic fundamentals and cheap valuations are what is moving this market higher.
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Right again....


:p :p :p :p :p


I cant wait for the bull market to return, how quick are we getting to 14k???

I need to know so I can get ready for this major bull market....


:p :p :p :p :p
 
Today's light volume is troublesome for me. I'm long ES and debating when I should sell.

Either today's volume was the sign that there were no more buyers,

or people are waiting for a little more move up before jumping on

I'm not sure which.
 
This is a sucker's rally. The market will have a very tough time eclipsing 1050-1060 on the S&P, which is the area where the market topped out last Tuesday. If we were to fall 30-40% in the context of a long term bull market, I would be bullish. But, we fell 30% in the context of a long term bear market. Big difference between 1987 and 2008.

Look for a trading range to develop leading up to the election, sell rallies and buy dips.
 
I sold ES above 1050 (sold 1058.00) on the last rally, and I will stick to looking for ES short trade set-ups in that area above 1050's again.
 
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