Go DOWN Already. What the is going on here?! Nothing discounted?

Every trade consists of two traders guessing at the direction of the market. One of them has to be wrong.

 

NASDAQ was crazy bid all day long.

 

Not necessarily. Hedging/spreading/etc. Besides the fact one large fund can buy up 100's of smaller traders offering. 1 vs 100 is not 1 to 1. And 1000's of other variations.

 

Smart money vs the 100. Still a winner and a loser.

 

Absolutely.

The idea that the market SHOULD be doing this or that (despite clear evidence of the contrary) is what causes traders to lose a fortune.

 

FYP

 

You have no idea how and why commercials hedge or institutional investors run a relative value portfolio, I take it?

 

None what so ever.

If you are going to explain it to me please keep it simple.

 

I smell a blow off top nearing - the breadth keeps narrowing & we have been stuck in rotations from the Russel to the NDX100, then visa versa.

Not a very healthy market when you look under the hood. The Fed/central banks are causing a big distortion - they are the irrational exuberance.

 

Something funky has been going on between the DOW and NASD as well. One will underperform the other, then next day they shift momo.

I blame Canada (and Walmart).