Cnbc should be just about starting their up all night market news special...gotta have the cheerleaders cheerleading to prop the markets back up.....
Woo! There is the nice overnight rally! Was worried for a bit but this thing has to be oversold. Will get more good earnings tonight!
Draghi all ready jaw boning the European markets. So whats next more QE. Seems we will never get a discounted market ever again.
Woo got my leverage off with this 3% rally from low!! Position is break even here at 6980 and 100% long for earning tonight!!!
We have broke some minor support levels. A miss or lower guidance from GOOG or AMZN, just may turn the tide for the bears. This may be shifting, although I thought the same thing with the Feb sell off. Need to look at the weekly and monthly for major support levels.
Heres how i see things right now. Trump has used techniques "tax cuts" to prop up this aging bull market. These things should have been used during a time of hardship not used during times of prosperity. So who gallops in when things turn down, yes we all know the Federal Reserve will come up with more QE. However if Trump looses the House and Dems start to gain traction....Trump will toss up his hands and say....I told you so....if Dems got power back they would crash the markets, and he may even pile on to tank it lower knowing his time is up. If Trump keeps both houses, he will continue to lean and jaw bone the Fed. Im really hoping for a major market correction, to wring the excesses out.