Data point - earnings due out EOD Jan 27 Data Point - FOMC Jan 27 Next wed going to be interesting =========================== Note Every time one changes context = it like changing the calibration / re-zeroing out a micrometer The point of reference changes - but remains relative In simpler terms - you're still using context to gauge / measure - but from a different point of reference It why we all will see something totally different from the same chart - yet its all the exact same thing Also why in my world - trends do not matter..., moves do..., and are exploitable RN
Just for all you bitches who maintain TA / PA doesn't work - Ha And for the record - I still don't know a damn thing - uncertainty rules supreme RN
Age old question - change the context..., or no Price made a case for it today And it may have complete its journey from cycle H to L (reference circles) But the current context still valid..., so what the hey - I say Let R ride at least another day Hell.., it all relative any who RN
Taking off the trader hat for a moment and talking shop (random thoughts about the bigger picture) ============== Mkt hates uncertainty - not the type of uncertainty we traders face incessantly day in and day out But the uncertainty of not being able to make money..., not being able to orchestrate PA ========= Fed prepared/ preparing to raise rates Mkt's extremely low cost access to money.., is about to cost Moving the mkt down - could be a good ole mexican standoff to see who will flinches first Fed deferring rate hike to bring back / prop up mkt Mkt systematically removing (freeing up) cash in preparation to move into bonds (these down moves have been no where near a panic - 07-esque) Feds defer rate hike - mkt can always move back into stocks =================== Next wed will be very..., very interesting imho trader hat back on RN
$FB currently holding calls, we shorted on early morning flush. Then dip back on calls. Thinking 2-3% pop, imo
Going to remove the orange DMTL Other than that - set for Monday Data point - earnings due out EOD Jan 27 Data Point - FOMC Jan 27 RN