Oil reversed higher. Stocks reversed an early deficit, going from -70 NASDAQ to up. Now we are spiraling lower again, for reasons unbeknownst to me. At the same time, the very worst of the human race is jerking off to the redness of the tape, coming to this here blog and making bold, exclamatory comments. Just know, without a shadow of a doubt, there will come a day when I decide to become a vigilant, leave this gentrified life of money management/blogging, and kill you. I am not this stable persona you make me out to be. All of your comments and stupid remarks are being archived, for review at a later date. Just like in April and May, when you approached these halls with hands full of shit, you will walk away from this market action smelling like a horses ass.
The algos are firmly in control of the NASDAQ. It wants to do what it wants to do.
That bottom call that I made 45 minutes ago, it’s gonna have to be put on hold for a minute, possibly a day.
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This is the honest truth. My mom called me this morning to ask if she should get out of stocks. She is Italian and can be emotional. I told her to hold her stocks, hung up the phone and bought the shit out of $TRUE and $BABA. God help us.
Once the market believes what is happening in crude, it should… there we go… spoons just went green again.
I like that the market has been schizo today – maybe this is the fight. We very nearly touched the 200DMA as well as the August bottom. That is likely good support at least in the short run.
I agree. My human instinct says we run. But this market is not being traded by humans.
True, it’s also been behaving very differently.
Nice! something like this maybe: https://www.youtube.com/watch?v=AJRVOvho_RA
Hopefully that isn’t us at the IBC conference!
https://www.youtube.com/watch?v=38HCiKJRbuQ
uhm the dec futs have touched the 200DMA on my chart
We gotta be almost there. The hide trade blew up hard today across tech. Grandma is waiting for the bears to start jerking off before incinerating them with a flame thrower.
I pray to the heavens that we get a rip before the day is over.
Admit to being one of those reprobates who only haunt this site on down days on the S&P which hasn’t been very often over the past few years. Took the time to register because I have a feeling that is about to change. Happy Halloween Fly. Boo! bwa ah ah!
How big and how much control of markets do algos have? Sorry if it is a simple minded question.
A lot sir.
Depends on the instrument. If you are a retail guy trading the Emini ES Future you notice it a lot. Highly liquid stocks less. Forex markets? A lot also.
My mother rang me this am. “Son. I am seeing the news on lower oil putting more money in the hands of the good people filling up their gas tanks. This should be good for your stocks correct?”
I didn’t know how to answer the poor woman.
horse’s
A game. Bring it.