https://www.reuters....s-idUSKBN22J1MZ
Edited by redfoliage2, 07 May 2020 - 08:04 AM.
Overnight Index Futures Jump on China Data (Fake Data?)
Started by
redfoliage2
, May 07 2020 07:54 AM
9 replies to this topic
#2
OEXCHAOS
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Mark S. Young
Posted 07 May 2020 - 08:14 AM
I stopped looking at anything out of china over two months ago.
The system is clogged with shorts, still.
Mark S Young
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#3
redfoliage2
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Posted 07 May 2020 - 09:15 AM
I stopped looking at anything out of china over two months ago.
The system is clogged with shorts, still.
The bears must have legitimate reasons to short the market. I see one of them is the high valuations........................
#4
OEXCHAOS
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Mark S. Young
Posted 07 May 2020 - 09:20 AM
I stopped looking at anything out of china over two months ago.
The system is clogged with shorts, still.The bears must have legitimate reasons to short the market. I see one of them is the high valuations........................
Do you want to be on the same side of the trade as Twitter users? 
M
Mark S Young
Wall Street Sentiment
Get a free trial here:
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#6
redfoliage2
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Posted 07 May 2020 - 09:34 AM
I stopped looking at anything out of china over two months ago.
The system is clogged with shorts, still.The bears must have legitimate reasons to short the market. I see one of them is the high valuations........................
Do you want to be on the same side of the trade as Twitter users?
M
I don't think the SH data are from retail traders positions.
#7
pdx5
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I want return OF my money more than return ON my money
Posted 07 May 2020 - 10:46 AM
Where is this big dip the bears keep promising? I am keeping some cash on sidelines but it is burning a hole in my pocket.
All the funnymentals which created the greatest economy mankind has ever seen, are all still in place.
(low taxes, low inflation, LOW REGULATIONS, pro-business administration, anti-war administration, foreign trade NEW deals).
As soon as covid-19 is subdued (all pandemics come to an end, even the 1918 Spanish flu which killed 1000 times more than covid-19)
this economy is ready to explode again.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#8
redfoliage2
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Posted 07 May 2020 - 11:14 AM
Well, with this news driven market we should see a good test of the market next week ................
Edited by redfoliage2, 07 May 2020 - 11:14 AM.
#9
OEXCHAOS
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Mark S. Young
Posted 07 May 2020 - 04:29 PM
I stopped looking at anything out of china over two months ago.
The system is clogged with shorts, still.The bears must have legitimate reasons to short the market. I see one of them is the high valuations........................
Do you want to be on the same side of the trade as Twitter users?
M
I don't think the SH data are from retail traders positions.
So that's even more bullish with two sectors hugely Beared up.
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
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#10
Darris
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Posted 07 May 2020 - 06:18 PM
Don't forget the Non-Commercial speculators. They were net short 265,000 ES mini contracts on the close April 28th. I think some of the charts posted showed that the biggest net contracts over the last 20 years was in the 300-425K range. Compare that to the Commercials being net LONG 55,000 big SPX contracts or the same $ size as 275,000 ES mini's. May 5th data out near the close tomorrow.
