I've this nagging feeling the ADP survey is there to rig the game for the Wall St.
If what is happening right now is a bear flag, ~1303 on the SPX should be the upper limit. Prints above that validates inverse H&S and that would...
As impressive as today's upside jamming session was, we're still within the range in which we've been consolidating for the past 3 weeks. I also...
Gotta respect the buyers at the moment.
Gosh, I'm still obsessed with the idea of us flushing down to the 30-40s. So long as we stay below yesterday's peak I'll be, as we seem to have...
This is how I trade: create a bunch of biases about how I think the market will move, set risk parameters or reversal points and try to take...
That's it, short bias is dead.
Jesus, keep playing the devil's advocate. Who said anything about holy grail? There's no such a thing. My long time observation just says rule...
We bounced very strongly off of 200 MA level today (I say level because different vendors have slightly different values), which is usually good...
NDX is too strong to be shorting against the trend at this time. Edit: I see 75-ish zone as pivotal because of the 10 MA on the daily. We are...
Time to revisit the tsunami low Edit: ugh, looks like they want to do a double top.
Too many shorts at around this level it seems. Better to wait for an extreme squeeze before the big flush through 200 MA (probably low-mid 70s...
Hmm, even if we get a pennant, which would be the most defensive bearish stance at the moment, I'd think the upside is capped at 74 right now, and...
Intraday H&S since the gap down. Unless we somehow grind up above 73 I'm expecting 40s either today or Monday.
Yep, you're right -- can't stay short when other risky assets are making higher highs.
Separate names with a comma.