Tuesday, July 5, 2011
Shallow Dips
This market just won't dip. The most you can ask for is a 0.5% dip these days. And that dip lasts for about 5 minutes. I was waiting a couple of points below the intraday low to buy the ES and it never came to me. Volatility is dead. And now we're off to the races to finish strong. You either put in aggressive buy limits or you will be left holding air. Even if the market does go down below your entry, buys are always forgiving in this market because it always comes back to higher ground. The same can't be said for sells that go against you. Then you have a high probability of being squeezed in a slow death grind.
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13 comments:
Yes. Buy and Hold!! Yipee! Too easy.
BTFD IZ BACK - In style.
The reports of BTFD's demise has been premature.
BTFD: under promises, over delivers.
I just can't see the market moving much higher BEFORE the unemployment numbers. Expecting a down day tomorrow.
Then depending on initial claims...higher /lower.
Plus oil rebounding is not helping.
plus i can't see the market rallying w/o financials.
And they look like they are about to roll over again.
I am the opposite of you. I can't see the market falling without more bulls on board.
What are you people talking about. Market already rallied. It will congest now for a while and screw both sides.
The bank stocks did gap down.
market just dipped .5% on china rate hike. Does that mean buy?
well there's your pullback. i guess you are a buyer here according to your comments
Corporate profits are good because no jobs are being created. LOL. Co's don't wanna hire.
Companies are working at optimal productivity with it's labor. companies don't want to hire because these additional employees are those that will get fired again next cycle. The core talent remains. Adding additional workers here is like a socialist tax.
Companies don't need to hire. They realized they could do without excess labor. Lean mean, profit machines. Nonfarm payrolls is the most overrated econ. stat.
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