Yep because when a stock adds just 32% in a fu$king year the stock is sooooo yesterday.... Wow... this market is just insanely greedy....I would be amazed to see these stocks mentioned in this article fall by 8-12% next year and see the how many people complain that they aren't performing when they have already had hundreds and hundreds and hundreds of percentage gains in the last 3-5 years!!!!! "FANG" is so yesterday. The so-called FANG stocks – Facebook, Amazon, Netflix and Google-parent Alphabet – are surging this year, up a respective 58, 52, 58 and 32 percent and adding a combined $600 billion in market cap. Despite the monster gains, another group of tech stocks is still outperforming. On a price return basis, Chinese internet stocks Sina, Tencent, Alibaba and Baidu are trouncing their U.S.-based rivals. So far this year Sina has rallied 84 percent, Tencent and Alibaba have more than doubled, up 127 percent and 117 percent, and Baidu has surged 50 percent. The four names have also added a combined market capitalization of roughly $600 billion this year. https://www.cnbc.com/2017/11/21/the...forming-adding-600-billion-in-market-cap.html
Yep... catapult the market at the open and just let it float for 5 hrs straight....zero volatility....
You know the drill people, everything happens in the overnight session. Stock index futures have 1/2 to 1/3 of their gains from overnight ramps. I've seen this for the past 15 years. If it falls just sit tight we have not made a lower low in ages. Don't blow yourself up but take a little heat and it will roar back.
Quick rally up at the open followed by a trading range at the highs of the day. This is the old 'slim jim' pattern, named by Kevin Haggerty i think, presumably because it looks like a slim jim snack with the wrapper hanging off the pop. This pattern was more common in the early 2000s when i first began trading. NDX/NQ was a better example of this pattern today.
Looks like a higher open on wall street as traders hope for more good news from Washington tax cuts.....pffftttt Step right up and get your free money......here you go sonny boy, simply click this button, now your long stock index futures, sit back and watch the free money poor into your account. No need to work anymore simply buy long stock index futures $$$$$$$$$
Not expecting much upside today to be honest. I'd be surprised if we could do more than 8 handles or so on teh upside. I'm expecting a boring day, but tomorrow should be back to business for some very strong up moves