Wish I went a little extra short yesterday, but didn't, sold most longs on friday and monday, now here comes some more volatility fun.. wouldn't mind a nice 2-3% selloff today...however was hoping for more of a surge above 25,000+ to get short again. This was an extremely important number and now that there is inflation on the rise markets will start to worry more so that rates aren't where they should be and where they actually will be to keep inflation tame.. remember tax reform and wage increase is going to put even more inflation into this economy!
Of course everyone was doubting that after a 1000+ point rise from Fridays lows.... No way is a correction over in 6 days!!! Market psychology can change in seconds as you have seen for the last 2 weeks!
Wowwww, if that number was just a 0.3% less the futures would have surged 500+ , Dow 25000 would have occurred at the open
Why short now, give it a day or two....you should have shorted premarket before the news came out.... If anything I'm looking to add a long or two for a bounce into the mid morning.
perhaps you are right, I have this thing where I add to shorts at bottoms and add to longs at tops. I was already short pre-market, made 200 and 300 points on 2 positions. I guess I should be happy about it for now since I made back my previous days losses and not try to give it all back right away
shorted dow future at 400, v small amount, stop 500 points. will add to it as day progresses, hopefully the market will bounce a couple of hundred points
Closed everything at 2635. Going for a walk and will see how the market has reacted when I come back.