The ideal situation would be, day traders work with long term traders. I doubt too many day traders have the tools for looking at the big landscape. Meanwhile, long term guys generally suck at knowing on an intraday basis the best time to get into a trade. That's my weakness, getting in during the day is for the most part a clumsy affair and my preferred entry method is, just get in asap at the prevailing price. The current situation re markets from my perspective, it remains bullish but Monday could be a down day, market may rest a day or two and my hunch, the break above the July high would likely see a reasonably strong move, it's a freight train, best not step in front of it. October and often the very last days of this month are often strongly bearish historically, there's a lot of disbelievers about with cash stacked up atm, November may see the pent up apprehension disolve quickly, that's yet one more week away.
Mr Copter Jerome is simply caving under Trump's "oh, it's too much to bear" pressure. Come to think of it, the Fed has always been a lagging indicator. When they should be raising rates, they're cutting, and vice versa. I don't think they even give much attention to the economic stats like unemployment and rather base their decision on the stock market. Completely useless institution.
Spectre2007 said: looking for 1800 this year. 40% correction ($500k profit on my shorts) might be a stretch but I easily see 25%, Some of you perma-bulls should go back to read your own Jan19 posts