Yesterday- the ultimate suckers rally ?

Innervoice

Innervoice

This was predictable but not knowing what the banks would say this morning during their cc’s, it wasnt worth going short over night.
The markets fell as the cc’s were going on at the open so it was tough either way.
Yesterday may have been the ultimate suckers rally where investors saw the inflation data as a signal to go long while ignoring the slowing economy which i created a post about the other day.
 
Innervoice said:
This was predictable but not knowing what the banks would say this morning during their cc’s, it wasnt worth going short over night.
The markets fell as the cc’s were going on at the open so it was tough either way.
Yesterday may have been the ultimate suckers rally where investors saw the inflation data as a signal to go long while ignoring the slowing economy which i created a post about the other day.
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%%
Good moves lately in sds, SPXS,SPXU\not in those now;
good uptrend bull market in SPY benchmark. Good rally in SPXS,spxu, sds ;
but i dont try to daytrade much, in SSO. I can make more money usually swingtrade/position trade in stuff like SSO.
Hard to say why the market in SPY is up weekly, maybe it was TN kicking out 2 gun hating BLM lawgivers:D:D
 
Innervoice said:
This was predictable but not knowing what the banks would say this morning during their cc’s, it wasnt worth going short over night.
The markets fell as the cc’s were going on at the open so it was tough either way.
Yesterday may have been the ultimate suckers rally where investors saw the inflation data as a signal to go long while ignoring the slowing economy which i created a post about the other day.
More...
You can’t hold a 1 lot longer then 5 minutes, so why do you care.
 
Yesterday- the ultimate suckers rally ?

--->

Yesterday- the ultimate super rally down


Traders were shorting index futures,
copper, crude oil, and gold.
Traders were pleased.

Investors were weeping and gnashing their
teeth in despair.

Always trade based on what you see from the chart,
and not based on hope,
and not based on anticipation.
 
It seems like there is no staying power for any rally or drawdown. Any large up or down move intraday seems to have an equal and opposite directional move as well. That explains the falling VIX as well. Friday the NASDAQ goes down 1.2% and then almost comes back to unchanged.
 
nitrene said:
It seems like there is no staying power for any rally or drawdown. Any large up or down move intraday seems to have an equal and opposite directional move as well. That explains the falling VIX as well. Friday the NASDAQ goes down 1.2% and then almost comes back to unchanged.
More...
Yup but NDX Advance/Decline only got part of the way back up (38.% ret) from intra day high after initial opening gap down only to collapse lower:-

! NDX AdvDecl.png


Likely lower we go in the coming week (maybe banks will be trigger again)? Although RTY is affected more by that than NDX.
 
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