I want return OF my money more than return ON my money
Posted 27 May 2020 - 10:39 AM
Looks to me like very normal profit taking by traders after crazy fast runs up in selected stocks.
But DJ & SPX are holding firm which indicates redistribution. Selling over-priced stuff and picking up bargains.
Looking ahead, I see more good news coming than bad news.
Tech stocks falling is indication that covid-19 is tapering down, and the Tech will not have captive home bound audience much longer.
Edited by pdx5, 27 May 2020 - 10:43 AM.
Member
Posted 27 May 2020 - 11:23 AM
the problem is that the most amateurish of all is long
so why are u long?
Member
Posted 27 May 2020 - 12:01 PM
First sign of a flinch in Trannies rebound move after hitting head a morning floor of 9050.
If they get back above 9050 now, then bulls may not quite be done yet.
Edited by K Wave, 27 May 2020 - 12:02 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 27 May 2020 - 01:04 PM
Epic battle for hourly 900 on SPX rages on....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 27 May 2020 - 01:19 PM
If bulls can manage to take it out near the highs today, they could gap 3030 tomorrow, assuming it does not get there today..
As long as Trannies hold above 9040-9050 area, bulls still looking OK.
AAPL still hanging in there after bears had a lot of chances to try and take it down...
Still a lot of time left today, but bulls doing what they needed to thus far.
NDX 9400 could be resistance on NDX now, so looking to see what happens there....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 27 May 2020 - 02:50 PM
Very good chance of Gap'n'Go upside tomorrow now....
As long as ES can hold above 3020 area overnight, this ramp could start to build overnight...
If so, should not see under 3K on any pullback first
Edited by K Wave, 27 May 2020 - 02:50 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 27 May 2020 - 03:13 PM
Very good chance of Gap'n'Go upside tomorrow now....
As long as ES can hold above 3020 area overnight, this ramp could start to build overnight...
If so, should not see under 3K on any pullback first
huh????
Member
Posted 27 May 2020 - 03:22 PM
Nasdaq is up 0.77% on the day, the market doesn't need big cap tech anymore.
Member
Posted 27 May 2020 - 06:18 PM
Not too sure about the VIX futures, are people just buying more puts or can the market ignore this divergence?
Percentage wise, the VIX has fallen to .786, way more than SPX has gone up, so this divergence may not mean much.
Edited by CLK, 27 May 2020 - 06:19 PM.
Member
Posted 28 May 2020 - 08:13 AM
Everything I see about this market says that retail investors are fully invested ready to invest more. This is for the first time since 2009.
