How can I scalp? According to you the market goes straight up, there are no opportunities for either of us to buy the dips
The market does not move straight up, but the up moves have been much greater than the down moves. Shorting reactions right now is high risk, low reward.
pull up a chart from mid july, it looks to me that it has gone straight up.... The other funny thing is OIL has gone up 10 dollars a barrel in the last 3 weeks and in that timeframe the transports have gone straight up as well. Seems the higher oil goes the better the markets do.
Nope, there have been a few shallow pull backs, most noticeably the recent 88pt decline. Its not much but its a dip so its a buying opportunity. Nothing is bad news anymore, why would a 10 dollar spike in oil do anything to roil this bull run?
oil going down is bullish for equities as consumers will be able to spend more........... oil rocketing higher is bullish for equities because it shows demand and that economy is growing..... I LOVE 100% UP ROOM TO GO$$$