Scott Brown was the top signal! This market has traded vigorously back and forth from 1128 to 1147 for the past week. The volatility is greater than normal and we haven't gone anywhere. That tells me we've topped out, and likely the next move is lower.
Today's move feels different than Friday's. I know it sounds like mumbo jumbo, but traders are more poorly positioned for a selloff now than on Friday due to options expiry being done.
ReplyDeleteWe're gonna bounce a little IMO. Either today or tomorrow.
ReplyDeleteThis is the most serious selling I've seen in months
ReplyDeleteI think mkt now thinks any chances of further stimulus and govt pork cheese money spending is cooked.
ReplyDeleteHere's my take.
ReplyDeleteUntil proven otherwise, the market is still reacting like a trained puppy. It is being bought at every dip. Like yesterday.
I think this pullback also gets bought.
But we are running out of reasons to rally and the bulls WILL soon be exhausted. My call has been January 26th. I'm sticking with it. We haven't really hit lower lows in the dow yet to call this a move lower, we will.
The pullback will be about 6-8% and then a rally. Good luck
SOLD ATHX @ 2.90
ReplyDeleteOL DAWG
This is very telling normally this trade would work, market's changing...
ReplyDeleteLONG MED @ 20.43
ReplyDeleteOL DAWG
looks like support for MED @ 20. could be a good trade.
ReplyDeleteExactomundo dawg.
ReplyDeleteAnd guess what else.. I grew up in the 80's so I'm familiar with who Barry Minkow is.
This is the same convicted felon who ran ZZZZ Best carpets who was thrown in prison for running a ponzi scheme.
And now he's making fraudulent claims against med that they are running a ponzi scheme???
Life is either truly ironic.
MO... what happens tomorrow?
ReplyDeleteShould I lock in EDZ gains now and buy back tomorrow at a cheaper price.
Rarely have we seen a big down day followed by more selling the next.
covered my short from yesterday afterhours.....
ReplyDeletewill reenter later..
Thanks for all your help/guidance
Its a tricky juncture. I don't have a lot of confidence about tomorrow either way, but I think we probably will gap up.
ReplyDeleteMy only hope now is that this bounce will not be as strong as the last two.
ReplyDeleteWe knew that people are going to juice up on caffeine at SBUX so they can perform better on their jobs which they can lose at any given moment.
EBAY. Fuck ebay.
Hope mkt doesn't bounce much tomorrow and we go lower by the close.
My only hope now is that this bounce will not be as strong as the last two.
ReplyDeleteWe knew that people are going to juice up on caffeine at SBUX so they can perform better on their jobs which they can lose at any given moment.
EBAY. Fuck ebay.
Hope mkt doesn't bounce much tomorrow and we go lower by the close.