Futures up again. I love those overnight long $$$ in the indexes. We're back to money printing mode!!!
Weeee just look at the market goooooooooo, no stops needed it always comes back, ALWAYS!!!!!!!!!!!!!! just buy any dip and hold for a GARANTEED gain. Heck you can buy just about any were. Here watch buy YM here @ 12495 for a GARANTEED gain. Yes some will say I said the same thing last week, and they are right. I said buy @ 12474, see its 25 points higher now, if you just held on. When trading Indexes no need to get stopped out we know they will not go to zero, stocks can but not the Dow weeeeeeee. Stops are for stocks!
The only thing you need to worry about when trading index futures is contract expiration. Now if you trade SPY,DIA just sit tight it always comes back guaranteed, just look at the evidence say the last 100 years hehehehehe. Buy dips and always win. dont let em scare you out of your position, all the book about trading all say the same thing, PLACE STOPS, ALWAYS PLACE STOPS. I say horseradish, when trading the indexes, for they dont stay down for long.
I ain't buying this 7 points gap. Sure, the USD is up big time against the Yen overnight, but it's virtually unchanged against the Euro, so I think the ES gap will at least partially be closed shortly after the open. So, I am short from 1440.75, and will add more if it moves higher.
Smart move...there's no reason other than overseas markets being up for the futures to be pointing green. The "not attacking Iran" reason is a pretty bad reason for the markets to go green since there have been plenty of other reasons to be red.