Yeah. We may very well see a decent up swing this week, but in the medium term it would be hard to envision a strong one-way rally with everything that's currently going on in the US and the rest of the world. Trading range maybe.
I try not to think about what's going on in the world and just trade the chart in front of me and maintain maximum flexibility.
Agreed. Since I don't trade long-term, yet, it's just a hobby of mine at this point. Price is the final judge anyhow.
Breaking: Stocks rally as Americans wake to the realization that paying taxes is unnecessary, as even absolute morons do not pay taxes.
Scratch that on a move above 35. Very low odds of a negative Close today, IMO. But anticipating that 3310 zone for a pullback to switch to long. Might not get it...
Did not... Seems like a ride towards 3377 is what's in store for today. Might be a tad too much on a single day, but these are volatile times.
This just in from Bloomberg: Hedge Funds heavily net short Nasdaq 100...highest since 2006 and 6 standard deviations from average net position. However, they are net long in the S&P 500 index.