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Holding long positions


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#1 Chilidawgz

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Posted 21 July 2020 - 09:26 AM

I trade in weeks not short term. This market has no reason to go down currently as long as JPowell and other central bankers are printing.

 

bullish.jpghold.jpg


Edited by Chilidawgz, 21 July 2020 - 09:35 AM.

Anything can happen...what's happening now?
No one can forecast the future. No one.
 
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#2 pdx5

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Posted 21 July 2020 - 09:53 AM

Not just that Jerome is printing, he is keeping interest rates well below REAL INFLATION rate.

So it is NOP4M (no other place for Money) keeping stock market afloat. 

Cash is guaranteed to lose to inflation and falling dollar. Not a good place for long trerm.


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#3 gm_general

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Posted 21 July 2020 - 11:36 AM

IMO VIX will now have to test 200 SMA as resistance, as earlier it did with the 50 SMA (where it did it in short order). If successful things should proceed up for the indexes.