5% - 10% profit per day trading

could this be the beginning of a retrace of the past 2 weeks?

>> went long 57.63, now stop is at b/e.

 

I doubt , so many funds are still 15-20% in cash, just the fear of left out in the bull run keep this market up for this MAY, JUNE months .
big drop like 10% ( which is last 2 weeks gain ) from this levels is unlikely on equity markets for MAY, JUNE

 

not at all
i still believe 5990
this is the point where everyones gonna buy. we have to touch 60 before going down

 

stopped out earlier. small long at 57.00.

>>closed for 70c. watching it for a bit.

 

no stoploss for this 5810 , I am going to hold to close it flat today/tomorrow ( may be in 2 steps ) . this will come back ...

 

What makes you so sure?

 

we will touch 5990
if not today then tomorrow at the close

 

fear of left out by funds in market uptick who have good part of cash still on side lines
for Oil 150k less job losses (ADP), this is pivotal point for oil demand uptick for next 6 months

 

here is my oil price pattern predication for 2 hours

will touch 58.00 around 13:00 EST ( + or - 10 minutes )
will again touch 58.00 around 14:00 EST ( + or - 10 minutes ) - here add 50 cents , if S&P up by 8 points from 910

 

Keep in mind the indexes generally start rolling today.