This week is one of the biggest short beatings I’ve ever seen . I said Monday at down 12% that was a joke . Now were down less that 8% from ath’s.Many shorts gave back a big chunk of 2022 short winnings this week .
Economic recovery, strong earnings, cheap interest rates ( still cheap even when they raise several times ). I keep posting this but the doomsday crew on here never gets it. Mixed market in 2022 just buy the right stocks and sectors; for proof note the TSX ( Canada ) is at an ATH right now. So many traders on here were shorting the bottom and overconfident we were going to crash. If I were a bear I'd have been awfully concerned that the absolute weakest areas of markets ( Chinese stocks, fintech, lower tier IT ) bounced so hard the other day. They are still problem areas short term but if they have support the broader market is underpinned nicely.
Put your crystal ball away it's defective . You probably thought a red day was a given on option expiry; it normally it is.
Yeah, at least it started red so I sold inverses gap up.... though I gave back gains trying to bottomfish in-session. Traded YINN SOXL uptrenders Big picture the market has bounced the same as it did the last few times before a drop, so I'm both long and short-hedged, eg Long DKNG SPCE CGC ACB etc Long SQQQ UVXY
Of course your are Ken . If we crashed today you’d have been short the whole day . Like I’ve said its virtually impossible to make money over time trading in and out like you trade all day long .