My ST trend turned back up and i am back long again.
Still managed to make some beer money on the short side, the last two days. Whew ! What a tough life it is to be a bear !
Posted 28 September 2018 - 10:35 AM
My ST trend turned back up and i am back long again.
Still managed to make some beer money on the short side, the last two days. Whew ! What a tough life it is to be a bear !
Posted 28 September 2018 - 11:28 AM
Posted 28 September 2018 - 11:47 AM
widely coordinated fake market, walking on a thin thread. They have tested it works with no correction in her life time.
Posted 28 September 2018 - 12:21 PM
No idea how you get a trend change back up with little change in price.
Trend change is relative to yesterday's price action, nothing to do with today's price change. One day does not make a trend !
Last few days have been mostly a range bound price action. It should resolve next week.
Posted 28 September 2018 - 01:22 PM
A picture speaks a million words...
Posted 28 September 2018 - 01:37 PM
Fed day. Can't trust that day. Every other day of the week is fine.
Posted 28 September 2018 - 01:56 PM
Only thing the bears need is $GS....
Posted 28 September 2018 - 02:04 PM
SemiBizz,
Yes the BKX and GS looks ugly. No question about it.
I am an SPX trader and the bears failed to capitalize there. It's still a range business at this point. Next week should resolve the bifurcation.
Edited by NAV, 28 September 2018 - 02:05 PM.
Posted 28 September 2018 - 03:01 PM
Here's a clue that rate hike might be close to an end.
TLT down slightly but IYR and XLU having a good day.