Yep another article.....no need to panic...funny ...no one even predicted this 2000+ point pull back, in fact every bank was raising their s&p predictions after the first week in January....fu©king fools Despite surging volatility and rising rates, no need to panic — yet, says Credit Suisse Rebecca Ungarino | @ungarino According to one major Wall Street firm, however, the return of major market moves and the expectation for a rise in interest rates this year is no reason for investors to panic. Other facets of the sell-off earlier this week suggest to Xu there is little to no panic in the market. While the decline on Monday would imply panicky investor sentiment, in terms of the market move's sheer speed and magnitude (after all, the Dow saw its largest point drop ever), "in terms of actual flows that we saw on our desk, it was not panic," Xu said. "We did not have customers coming in to panic buying of protection, or unloading positions," the strategist added. She also noted that on Tuesday investors were in fact taking advantage of the volatility and unwinding some previously purchased so-called "protection" for portfolios. https://www.cnbc.com/2018/02/07/des...ates-no-need-to-panic-says-credit-suisse.html
Yep 90% is computers and algorithms trading the markets.....no more humans....all robots signaling to one another.....wait till that implodes!!!
Just closed all swing shorts at 2661.25 and am now long with stop at 2652 Objective is 2697-2700 to reverse back short Added 2659.5 and 2660 Added 2659
I'm still seeing a shake out of shorts before next move lower Have not traded ym in years but 24500-24550's look buyable