When I made that post about META, I did so because I saw that huge volume surge in the Q's shortly after 2PM. I waited for some kind of news... "Trump said this or that", but there was nothing. That told me one thing, the META earnings got leaked to one of the major whales. It was a toss-up between META or MSFT, but I figured it had to be META's.
Yesterday's settle was 5583.75, today's look like somewhere around 5585-ish. So no biggie. Although finally there was some strong volume 1714926 vs last couple of trading days averaging around 1200000, thanks to Globex drop and RTH mean reversion.
I didn't say that. What I'm holding off for is for the real gap April 2nd to finally close. Until then 1 and 5 min in and outs for me.
I'm not here to give out direct trading signals of when to specifically buy and when to close the position. That's a highly personal and subjective call only the trader can make and judge on their own And besides, trading is a longer term game. One random day call doesn't prove anything You have to learn that complex depth wisdom hunting art process on your own⨠Faire Laissez
Yeah I know it's 20% off its highs, but "bear market" is kind of an arbitrary term in the current market volatility. It gapped up to those all time highs in the space of a month after the election on animal spirits. I mean whatever, but I think a 13% bounce off its lows is more significant. Now if it takes out those lows again, then it's a whole new story. But down 1% yoy?! Hardly deserves a "Main Street is in distress." But that's your opinion and I respect that. I just don't agree. For now.
What's somewhat noteable and isn't getting any press, is that for the last ten days, the S&P equal weight is up nearly as much as the S&P. So the bounce is not just on the back of a dozen or so stocks... which is usually a good sign.