You guys be careful around 10AM. Leading economic indicators for Dec come out, forecast at -.7 I think they'll be worse than that... which the market would love. Either way... be careful.
Yes. SP is a long-only market in that the natural and most common direction is up and that is what the vast majority of money is working towards. The individual trader can, in my view, focus on long-only trading even in bear markets and be very successful.
No media loudmouths whatsoever covering this As expected, it came in at -.1 and Dec was revised down to -1.1 Up we go, although it appears the whales knew that out of the gate. Cash is 3991 as I type. If you don't wanna get long... might wanna do nuthin' for a bit.
Actually, if you look at the whales' actions regarding way out of the money puts in the last 2 weeks... it would appear June 15th is what they're thinking. $128M on the QQQ 6/16 $240 puts.