Late day rally across the board after what looked like was going to be a late day sell off, they really turned it around last minute there today...I would take a day like today to sell any positions you put on in the last week...I only bought short etfs on this 200+ point rally today and if goes higher tomorrow and again on Friday Ill just ADD MORE There is a good chance this rally can get a follow through into tomorrow but Friday with the job report coming out, well thats just a wild guess.
OHHHH GIVE ME 1980, heck give me 2000+....thats where it was the day of the fed meeting before everything once again fell apart, I will take 2000+ any day, then I will load right back up on plenty of short ETFs and ride it straight down
A move to 2030 would be sick. Not only can you make a lot of money on the shorts getting beat down but then you can load up at a nice level to ride it back down.
Will take any upside we can get to get short once again, I started adding in shorts today around 1900-1915.....once the s$p breaks down below 1820 and all indexes are at August 24th lows heavy heavy selling is going to come, then maybe at that point it will time to lighten up on shorts and start buying on the long side but thats around s$p 1725-1750.. Even on rally days like today I still stick to shorting and still calling for a bear market, these are all opportunities to sell....
Yea 2030 seems very unlikely...rally looked tired as we got into NY session...I think they really struggled to try a close on the high and it looked painted on. Earlier in London they pumped glencore back up just like nothing is wrong. Like standing up weekend Bernie and walking him around the NYSE floor (hey, see here, nothings wrong..everything is fine) The higher it goes from here the better the short opportunity (1980 I would be all in....2030 I would mortgage the house).