I must have missed the 'Nice break out in TQQQ' or 'TNA looking good' posts this morning. Or "'Crushing it to today; this markets going to 5100'. We need a bullish tone Ken to post this stuff. Actually, today was somewhat likely because the latest fake crisis had an ending to it so the related market move basically reversed itself. We had the same effect on one of recent the Fed meetings where the market dropped for no reason. Financial media and short side traders get overly excited about some pretty flaky bad news at times. There are big players out there that just wait for the drop to end and then start buying. Very few real negative catalysts this year that impact things that matter ( corporate earnings, economic outlook ). Evergrande had potential but it seems contained to mostly Chinese stocks. The one negative catalyst that is coming will be the first confirmed interest rate hike. I wouldn't be surprised if markets overeact to that event like they did in late 2015. That may be the correction moment ( mid to late 2022 ) if we keep grinding higher.
It’s not possible to crash in real terms and stay down . The fed will print whatever it takes to not allow asset prices to fall . But on the other end inflation goes wild . The country will be much poorer in real terms but that’s their strategy.
Oh, look who just popped up out of nowhere to make a comment in a safe space. How's it going Rick? You going to continue on with your thesis, or are you done with it? Are you going to show us your brass balls, like I have, or are you going to continue on with your SIMULATED TRADES? Get real, or get lost. https://www.elitetrader.com/et/threads/midnight-rally.47055/
Lol... whenever I have a 1k+ day I call it out to my wife downstairs and she says omedeto ken-san. Never gets old. If I'm only up 4-500 and I tell her she's like ok that's nice, and...? Dow futs red 100, meaningless so far but hey if we selloff Monday ima crush UVXY TZA again , will daytrade 1000s of shares as usual. Maybe I'll record it
The zero-risk is totally blinding. Why does anyone ever hedge their positions? I just don't get it. I find Zerohedge, while totally cynical, to have been on point when it comes to gamma plays. So I took notice of what they said today... "The bigger takeaway is this: that reflexive short volatility trade has apparently left the building. We’ve viewed this reflexive vol shorting as a primary driver of markets in the short term. With this mechanism absent, the market seems unable to recover. If we map out what this means for today, you can see below that its critical for the S&P to hold 4375." https://www.zerohedge.com/markets/dip-buyers-beware-reflexive-short-vol-trade-has-left-building The SP failed to hold that level today. So is the market doomed? They seem to think so. Let's see if they are correct.
I'll bet the market goes up And down lol. Weird chop lately, futs red today premkt then buying all morning, shock I traded MARA FCX etc long breakouts, then red all afternoon so I crushed UVXY like a bug. Green day being a bull in the am, bear in afternoon yay. Like hafez said, trade what you see, not what you think. #gobearsgobullswhoeverifkgmake$with And a trader is born
Seriously lol zerohedge watches squiggly lines too? $SPX adv/decl volume% was 74.87% down today. Plus since Sept 2nd we've had lower swing highs, lower swing lows, greater time and price percentages down than up which equals .......... more down. Now if these things reverse than naturally I would say the trend has reversed. Until then ... stay short my friend. Err sorry you're a permabull. Nevermind.