Sometimes it helps not to watch a trade.\ Bought MNQ at 11895, set a stop at 11662 and was busy with work. Just closed out at 12127.
Glad it did stop finally. This kind of stuff can lend itself to a blow off top which is what we don't need. Nice steady progression higher is what is desirable.---Izzy.
Well, guess what happens tomorrow...US banks reopen. And guess what happens as well? Bank earnings to kick off Q3 earning season, sprinkled with tea leaves and underestimated estimates! VIX to at least 40 coming soon to a chart near you! WOOOhooo! All aboard the crazy train!
------------------------------------------------------- Major announcement Major announcement Major announcement The great flatline of the XLF that started (whenever B1 said it was getting ready to rip-roar back in July at $24.30 and VZ begged to differ) (and once again was proven right looking back)....may have come to a temporary end as POTUS needs the Dow north of 30K for the next few weeks going into the election. GS, BAC (not in the dow but close enough), V, AXP, JPM, TRV.... expect them all to rally as "the leader of the band", the djia (at least it is for the world's headline news marquis).... needs another 1200 points. This is the most obvious way: https://elitetrader.com/et/threads/ideas-for-now.343946/page-174#post-5224664 I expect earnings to come in strong... I have a feeling the worlds bankers don't want to see a Kamala presidency... so they'll at least attempt to do their part. Even Jamie. That said, if XLF gets anywhere near north of $27.50.... cash in granny's estate and short the pig. This has been a major announcement brought to you by Team VZ.... ..........we now return to our regularly scheduled mindless ET jibber-jabber.
Jibber-jabber? You need to stop aging yourself like a dog-faced pony soldier, Mr. Malarkey! Enough with your flim-flam and hogwash!