Any thoughts? - Methinks that T will want to tweet some positive news for the Easter holiday - Perhaps announce the date that bars and restaurants can re-open, with limited hours? - Some announcement regarding barbers and other small businesses? Will we get a pop on Monday? Perhaps the opposite... the good news was this week, leading up to the weekend, and the we get a plunge on Monday?
Were in a buy signal on the daily MACD, its not bullet proof but for me its the cornerstone of my trading, so i wouldn't be surprise of such a thing, it all tends to be priced in, Take a look at crude oil a day before Trumps Tweet, i bought significantly more than the usual when friends asked i simply said its a buy signal and some good news will come out soon, they said what news, i said idk but what ever it is is priced in already because someone bigger than you bigger than me with more info and funds eventually has to express their opinion and position in one of two ways, buy or sell, same with the drops on oil and the sp500 they all were picked up BEFORE on the MACD sell/buy signals, on daily charts is what i am referring to
I bought more oil today after bounce APA OXY UCO and will hold if it closes strong Thursday. Will absolutely be buying inverses SDOW SQQQ SOXS etc for weekend hold on anticipation of more bad news
Agree. I'm leaning towards an agenda of a nice pop for this week, starting on Monday 4/6, to cheer peeps before the long weekend/Easter holiday. This is what we have seen. Then the whipsaw pulls back, and the next round of bad news hits Monday 4/13
MES shows a double top. Right at the floor pivot for Bears Resistance. Also: Market is overbought, today new jobless numbers come out, expect a wild riskoff play.
Ken Calhoun...What about your call to have 2 red days on the SnP this week? Good call...wait...today is Thursday...tomorrow closed...no red days...Hmmmm...what happened?
With all the whipsawing we've seen, who would have guessed that we'd have such a clean upmove this week?