I enjoy lottery tickets as much as the next guy and every once in a while I indulge. Here is one we scratched to reveal a nice payday…BTW–we paid 2.25 and it fell to 2.10 before making its move…
You wanna know what we are doing? A quarterly membership at CreateCoin premium is a good place to start.
Not diving back and holding the majority of the gains in this market is a win, right?
I’m just asking…
Comments »In the past year the markets have consistantly moved to extreme readings on both the up and the downside. There have been more up and down 90% days this year than in the previous several. Technical indicators that have reliably worked in the past no longer work.
This HFT environment simply ignores all historic precident of what is overbought and oversold. That’s not to say they never work, I’m simply saying they only work once we get well past any historic norm.
Welcome to the “Follow the Leader Market”. Get used to it. It will go on until it no longer does.
Comments »Back in February, after a quick 100 point SPX correction, everyone was expecting the end of the world…Especially after the hated “engineered and manipulated” rally that cost the FED over a trillion hard dollars. But markets rallied again to new highs even in the face of all the problems…
Now, today, we are in a market that spent the last 2 months on the defensive. During this correction there has been a plethora of bad news. Legitimately bad news and the markets suffered. It led many to forecast the “double dip” because the market was run by dips and was dipping.
This correction has driven most traders into a large cash position. This correction has removed much of the excess from the markets. Now we are bumping our head on major resistance and trying to get through. Guess what? We will and you are witnessing the summer rally…
Enjoy the extreme technical readings because it is now commonplace. The game of follow the leader continues…See you next at SPX 1120…
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