I exited my trades today, after the market rolled over. Very small gains. I bought a very small long term position in my trading account. An unusual purchase for that account, but sometimes it's nice to take a break. Going into watch mode.
Something I learned...
Started by
OEXCHAOS
, Dec 04 2020 10:13 AM
44 replies to this topic
#42
salam
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Posted 10 December 2020 - 05:12 AM
Fantastic dip to buy, and improve my short position, now averaging 3705
however, an acceleration of selling, into the close and follow thru selling seals the December high
Weekly job number trend awaited
3000 US daily Covid deaths.
UK Brexit uncertainty.
hype over stimulus fading.
where is the good news to squeeze this market higher?
Edited by salam, 10 December 2020 - 05:13 AM.
I'm not sure what my future holds... But I know who holds it.
#43
traderx
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Posted 10 December 2020 - 07:48 AM
where is the good news to squeeze this market higher?
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vaccinations
stimulus money
fed reserve
loads of money on sideline
call players at robin hood
tops are not like bottoms--do not die quick
no place to go-yield so low
#44
tsharp
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Posted 13 December 2020 - 12:31 PM
A possible fly in the bullish ointment... Europe's bellwether, the DAX, has not yet confirmed the new ATHs in the US indices, and if this fractal interpretation is correct, another leg down is a reasonable assumption:
#45
traderx
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Posted 13 December 2020 - 01:50 PM
agree Dax is most important largest industry in Europe and correlation with USA
