I don't know whether to kick myself in butt or breathe sigh of relief. I had to run out for an afternoon meeting with Mr. car dealer at about 11AM ET. I saw where the markets were at that time and was reluctant to enter. Got home at 4:30 and saw what had happened. If I had gone in for the (typical?) Friday afternoon rally before I left, could have made good scratch. But I would have been relieved if I had gone in, came home, and saw that the markets went down. And I watched the movement for the last 10 minutes, and when the bell rang 5PM ET, I am wondering if I should have gotten in for the $$$ free on Sunday night open. So tired of second guessing, but I have to assure myself that slow and steady will win the race. I LOVE the idea of Rick's method and it sure is working a lot more than not. Just can't yet throw caution to the wind, since I just bought a new damned car thanks to trading, so have to continue that slow-and-steady path to be able to make the payments, and hopefully pay the thing off in 6 or so months if the trading keeps going well.
The ruthless run up of sp500 in 2017 and this month just proved the old saying "better to be lucky than right".
Exactly exactly exactly...I used to hear that all the time!!!!! So now that doesn't hold true ??? Hmmmm
Oooops.....looks like it didn't pass...oh well...markets won't care anyway, there will be record highs by Monday morning on anticipation of the government shutdown not lasting too long. Deadline to approve government-funding bill passes without a deal Jacob Pramuk | @jacobpramuk Published 39 Mins AgoCNBC.com U.S. government funding was set to lapse at least temporarily Saturday – the first anniversary of President Donald Trump's inauguration – as Congress failed in its last-minute efforts to pass a spending bill before a midnight deadline. Lawmakers scrambled to find their way through a Senate impasse but could not get a stopgap spending bill through both chambers of Congress. Talks were ongoing among congressional leaders and the White House about how to handle not only government funding but also the popular Children's Health Insurance Program and immigration. After a House-passed temporary funding bill appeared to fizzle out in the Senate on Friday night, senators from both caucuses were negotiating on the chamber's floor as the clock hit midnight.
the longer the shutdown goes on, the higher ES will go.. this is the bullish catalyst for the next leg higher.. we could see 2900 by next week.. STAY VERY LONG
Do you really believe markets go down on Sunday? I think they will hammer a deal sometime tomorrow and markets will open 20 points up