No still own DXD at $19.10.... Large position.... Looking to sell at $19.30+ Keep timing it wrong...could have swing traded it nicely the last week buying under $18.90 ...but no worries...
Dow falls 150 as global growth concerns weigh....haaa That's the headline on CNBC right now....they come up with such lame excuses why the markets down or up every other hour....
Looking for 2040 to break on the s$p 2040 if that happens more selling is coming....could be an interesting Friday....
I have noticed over the past month that every time this market is looking to sell off it props right back up....I wouldn't doubt to see the Dow erase 1/2 those losses by the close
Your favorite analyst Tom Lee has been all over the airwaves recently...It's just another form of "signaling" the market.
back in 2015 he said the year long consolidation of the time would lead to a rally to ath based on historical data in early 1900s cnbc is a joke of a network
95% of the "analysts" are frothing bulls...Of course, 7 straight years of relentless market rallies makes the "wind at their back" analysis sound compelling... But this market has been marching towards a binary outcome...A headline yesterday said "Market most overbought in 7 years and most short since 2008"...Too many triple leveraged etf's, binary bets, derivatives of derivatives these days..tail wagging the dog and so even when it's macro uber-bearish, the positioning of the market can lead to 15% 6 week rallies that eventually roll over (or not).