Market up; gaps are holding
but Vix up too
Edited by salam, 06 July 2020 - 02:21 PM.
I'll be out of longs as soon as
Started by
slupert
, Jul 06 2020 07:32 AM
43 replies to this topic
#31
salam
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Posted 06 July 2020 - 02:20 PM
I'm not sure what my future holds... But I know who holds it.
#32
K Wave
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Posted 06 July 2020 - 03:03 PM
Looks like one more day until the wedgie breaks...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#33
pdx5
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Posted 06 July 2020 - 03:11 PM
Okay out at 3165 for a 5 point profit, now off to tennis lol.... See what I can do while I play....
Closed at 3179. This fast move up is making me nervous. But why jump off a fast moving train?
Just enjoy the ride and wait until train runs out of fuel. The market may be in position to go parabolic.
SO long as FED is in no hurry to jack up rates, all signals look green for the speeding train. Can you imagine the dismay of people who jumped off the train when pandemic arrived, but failed to get back on the train?
Edited by pdx5, 06 July 2020 - 03:20 PM.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#34
slupert
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Posted 06 July 2020 - 05:02 PM
still holding short futes and stock, waiting for gap down in AM. (JMHO)
#35
salam
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Posted 06 July 2020 - 08:51 PM
Any news behind the slump in futures?
....apart from rejection of resistance....
Edited by salam, 06 July 2020 - 08:55 PM.
I'm not sure what my future holds... But I know who holds it.
#36
Darris
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Posted 06 July 2020 - 10:52 PM
Looked like the state of Georgia declared state of emergency due to violence in Atlanta. Another CNN item.
#37
slupert
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Posted 07 July 2020 - 05:10 AM
I'm not saying we are headed straight down here, but I don't see the bottom of this trading range holding up ths time if we get there. (JMHO)
#38
K Wave
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Posted 07 July 2020 - 09:36 AM
The pitcher is taking a full windup on NYA....the last of the Mohicans dealing with the hourly 900
We likely get the pitch real soon now....
Edited by K Wave, 07 July 2020 - 09:37 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#39
pdx5
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Posted 07 July 2020 - 10:09 AM
Nuts. Start hoarding cash.
Good luck with that...5 year treasuries yielding 0.35%
while real inflation for necessities is 5% at least.
DOW looks like its going to collapse, I have no idea what they're looking at. Maybe its final pump to 27k before everything rolls over.
I am not aware of many mutual funds indexed on DOW-30. All my money is in SP500 index funds so I ignore the DOW.
All 30 stocks in DOW are probably different than when I began trading in 1963. So it is a strange moving target to me.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#40
pdx5
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Posted 07 July 2020 - 10:10 AM
Any news behind the slump in futures?
....apart from rejection of resistance....
Nah, normal profit taking by traders and weak bulls.
More money is usually made staying with the 200 DMA trend.
Edited by pdx5, 07 July 2020 - 10:11 AM.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
