If the recent highs get broken, then I don't think we get a correction this Fall, one small drop year end
and an IT sell next Spring. Bears will go broke from now until then.
Posted 23 July 2018 - 06:32 PM
If the recent highs get broken, then I don't think we get a correction this Fall, one small drop year end
and an IT sell next Spring. Bears will go broke from now until then.
Posted 24 July 2018 - 08:11 PM
Not sure what happened at the open, kind of rare they dump a new high breakout the same day
and that badly.
Well, the stock market favors the rich, 5-10 points to them is like 50 to the average trader,
if they think they can cash in on that, they will.
I guess you could have shorted the opening 10 min bar, but with options probably half are going to get hit
on a tight stop. People don't want to hold a profit when Trump is liable to tweet something any hour.
Posted 25 July 2018 - 08:53 AM
Millionaire's just scalped their 5 points, time for the consolidation.
Posted 25 July 2018 - 09:10 AM
Millionaire's just scalped their 5 points, time for the consolidation.
Congratulations lol!!
Posted 25 July 2018 - 09:16 AM
Millionaire's just scalped their 5 points, time for the consolidation.
Congratulations lol!!
I can make maybe 40% on options if I time perfectly and same day expiry on 10 points,
I'm out of business at 5 points, can't compete, barely make 10% on that, can't make up for
stops.
Posted 25 July 2018 - 12:35 PM
Closed QQQ long and partial SPY. Opened QQQ short ahead of AMZN earnings, already got a breakout from GOOG, what's left ?
Last year July earnings was a gap down.
Posted 25 July 2018 - 02:20 PM
Now they collect the other 5 ahead of the close, can't leave a new high unsold.
Posted 25 July 2018 - 02:48 PM
Bears taken to the cleaners on late day Trump, EU concessions.
Posted 25 July 2018 - 03:13 PM
ES channel breakout projects to 2920, gave back 8 points already but that's to be expected, should resolve higher
in Globex.
Posted 26 July 2018 - 09:41 AM
Closed QQQ short and went long for Friday.