Just had a LONG NQ trade, 9.25 points average per lot. That is above average per lot for the past 2 days or so
Will it explode UP or DOWN after this lull?
8:30am reports will determine ST direction
Posted 27 May 2021 - 06:13 AM
Just had a LONG NQ trade, 9.25 points average per lot. That is above average per lot for the past 2 days or so
Will it explode UP or DOWN after this lull?
8:30am reports will determine ST direction
Posted 27 May 2021 - 06:45 AM
A distribution day is a significant decline in the Nasdaq or S&P 500 in higher volume than was seen in the previous session. IBD defines a "significant decline" as a drop of more than 0.2%, with no rounding up.
A distribution day indicates unusually heavy selling by institutional investors, the heavyweights who largely set a market's direction.
Four or five distribution days over several weeks nearly always signal that stocks have topped and are heading for a downturn. That's similar to how persistent headaches, coughs and sneezes suggest that you ought to call in sick and break out the chicken soup.
By May 4, 2010, distribution days had piled up, with four such days for the Nasdaq in the preceding few weeks.
https://www.investor...tribution-days/
Posted 27 May 2021 - 07:32 AM
Nothing too bad, markets should soar!
That spike up a few minutes before the release?? data leak??
Posted 27 May 2021 - 07:57 AM
Was taken out yesterday for a profit of 8 points at 4193 but went back in last night and overnight for an average long at 4185. Had a very strange fill just happen though. Had a profit stop at 4186 and was filled at 4182.50 even though the low at 5:30:03 was only 4186.50. Strange thing was the index never came near there and that's a lot of slippage. Anyone have that happen lately, been a lot of years for me? Nonetheless I should still be in the trade taking it off with a new profit stop. Weird, likely wait till after the open now see where we go this market has no oomph......
Posted 27 May 2021 - 08:15 AM
Now I'm mad so starting a short build at 4202!
Posted 27 May 2021 - 08:48 AM
Average short now 4205...profit stop 4204, sell above again...
Posted 27 May 2021 - 08:53 AM
Out for 1 profit, starting a short rebuild at 4205
Posted 27 May 2021 - 09:05 AM
Posted 27 May 2021 - 09:05 AM
Posted 27 May 2021 - 09:15 AM
And out for another 1 point profit on my profit stop and starting a new build at 4206....