Pek it's only monday morn,start now and we'll get 5 days of pissin n moanin on here,it''ll be 10 pages of crap stew to slog thru.it's killin what used to be a good journal
With all due respect to the thread, the "slagging" was brought on by his own doing. On that note, is it possible to kick the zoo keeper off the island and get emg back for the final season? Gettting back to business, to fib or not to fib; short 1289 for one point profit anyone?
After chopping around after the open, the market found a direction and started trending nicely towards Friday`s high at 1288. The market lost some steam at Friday`s high, so we`re currently trading in a range between 1285-1288, before resuming a direction. My sectors ETFs are all in the green except for one, typical for a trend day. The NYSE TICK is as positive as I have seen it in a long time. Someone is buying stocks. High readings are not able to push the market higher though. A warning signal? Or maybe we`re just waiting for volume (which has not been spectacular today) to lift the market later today? The hourly chart has closed above 1285 and found support there, so that is a signal of strength. I will look to make a trade based on what happens when we move outside the current range.
A short @ 1287,50, might be a good trade, but I prefer to wait for confirmation. The drawdown is less profit, but the win percentage is much higher.