these surges are most often linked to short covering otherwise they couldn't be so violent, but hey it's a damnation day for bearish position holders
what a day for the bulls
#1
Posted 10 November 2022 - 04:05 PM
forever and only a V-E-N-E-T-K-E-N - langbard
#2
Posted 10 November 2022 - 04:35 PM
these surges are most often linked to short covering otherwise they couldn't be so violent, but hey it's a damnation day for bearish position holders
Yes, but, FED along with other central banks was definitely in the markets today.
#3
Posted 10 November 2022 - 04:48 PM
Hail the conquering hero!!
#4
Posted 11 November 2022 - 06:43 AM
obviously the short covering is just a part, the other is genuine new long positions.......hail the bull, may it bring us to new ATH in Spring, for the dow
Edited by andr99, 11 November 2022 - 06:45 AM.
forever and only a V-E-N-E-T-K-E-N - langbard
#5
Posted 11 November 2022 - 07:08 AM
may it take us to new ATH......suddenly my memory got to the forgotten difference between verbs to take and to bring
Edited by andr99, 11 November 2022 - 07:10 AM.
forever and only a V-E-N-E-T-K-E-N - langbard
#6
Posted 11 November 2022 - 11:00 AM
It was enough to scare the bears out of their positions. My Rydex Ratio and Put/Call indicators which were Bullish and starting to lean Bullish went back to neutral after yesterday. So now I am in position where the analysis for medium term direction and short term direction are neutral.. I guess a bull position is leaning until short term indicators become overbought ( short term are 3 or 5 day horizon ) in my case.
#7
Posted 11 November 2022 - 11:08 AM
Curious when your thinking ath andr? I've agreed about a grinding rally to year end,,,,, ath's though not a chance or even next year in my view. We may touch them but were gonna be sideways for a looooong time.
#8
Posted 11 November 2022 - 11:27 AM
CPI is not down, it is actually up if not for the BLS making an annual adjustment that reduced the cost of health insurance which is actually up 20% Y-O-Y. So as long as they add more hedonic nonsense you are good.
#9
Posted 11 November 2022 - 12:24 PM
ATH for the dow in Spring
forever and only a V-E-N-E-T-K-E-N - langbard
#10
Posted 11 November 2022 - 12:48 PM
I saw reports that cost of heating this winter in Europe will be 90% higher than last year.
Does that mean freezing Europeans will be selling stocks to buy fossil fuels to stay warm?