Nasdaq has lead the market up. I see some negative divergence in the weekly, just has to break to the downside. If the FOMC would get out of the way maybe we could correct. They just keep pumping more and more dollars into the system. It's a complete lack of discipline, since they create money out of thin air....who care's lets price everyone out of every market...used car prices...rising like never before, thats what they are doing.
I'm betting red this past 2 weeks but just 8k worth of inverse shares to start. Will x4 that if market drops. Mostly daytrading. Quad witching tomorrow should help with volatility. Great time for day vs swings
There's never a crummy time in the market. A good/great/expert trader should be able to make a killing in any conditions, at any moment, at any time. Bald head crystal ball,
Ken, how much did you enjoy trading the inverses in 2017? How did you enjoy them from April of this year until Labor Day of this year?
Someone can still make a killing in flat, choppy, sideways, markets....sure, it's not as sexy as a market that's going straight up, or straight down, but it's still very possible to make good money even in sideways, flat, conditions. Mutual funds, and long term investors, hate sideways/flat markets...but it's never truly, technically, flat. Like I said, a good/great/expert trader can capture moves, within a flat-averaging market.
Sorry man, I disagree. Sideways/choppy markets suck ass. As an SPX option trader, you should know this, because it messes with the IV of your options plays, and screws with theta. Yes? (Or is it Gamma...Sorry, I forget the greeks).