? .... We had that big drop in early August, but bigger picture, the QQQ's are barely up .9% since July 5th. Basically flat for over 3 months. Not exactly a raging bull imo.
WTH. Welp…last minute losses were severe at EOD. PnL highs and lows to highs to BAM! EOD drop, and to so low for finished in the red.
Watch taking YM long later, that MCD thing, depending on how low it goes, will take the DOW down about 7 points for every dollar MCD drops. So right now about 140 points.
Sold everything in disgust yesterday. Trading this market is like Ken Calhoun without his blue pillz. Even that hot girlfriend of his is useless without the special rock.
This messed up the algo's, they weren't expecting this. Boeing reports tomorrow, I bet they run that thing up some to help neutralize the damage MCD is gonna do. That's why MCD got ran back up, and is being held here at $295 +/-. Those weren't shorts covering or institutional buyers on that run from $285 to $295 in the last hour. No way. My guess is they'll use Boeing. Or Honeywell. Gotta love it when a wrench gets thrown into their game.
Sure, but there is not one moment where the thing can have any downtime. Always instant V every single time. Every drop always fought off. How exactly is the market ever going down?
only trade today so far. temporarily insane and actually tried a short. Luckily it worked, but closed it fairly fast. Not overstaying my welcome on a short trade! +9
LOL.... Unless short-term cycle reverses again, sell every rally is the name of the game for the next few days. I'm done for the day as I already got my meal. I hope you guys got a piece of it too.