well im still long the SPXS from 17.31 with a tight stop if we take out the previous days highs, if im wrong i will lose a whopping 0.5% on this trade, if im right i will make 4-5%, thats the kind of setups i love from a risk reward standpoint, I: guess that tomorrow will tell which one of us is right.
I knew it, one bearish candle, don't expect the market to fall. By this time tomorrow it will be null and void
I believe we're still looking to fill all the buyers. 2150 is the predicted high. If we're going there I'll stop out well before, and re-enter.
Now get ready for the overnight jam up session. I can guarantee you the stock index futures will rally tonight. The bearish candle must be voided. I have seen this for over a decade watching the index futures action.
NFLX up After hours on news of a stock split....feels like 1999 all over again....up $22 bucks ..over $700 a share....got to love the nflx hype.....
Look on the bright side - when the rich finally suck all the value they can out of the market leaving it an empty shell of fear - NFLX will be an incredible short.
WHATS THAT CROSSING THE HEADLINES JUST. MOMENTS AGO ON CNBC "GREEK CRISIS: TSIPRAS SAYS "NO DEAL" WITH CREDITORS " THIS HAS GOT TO BE AN EARLY MORNING JOKE ....IT JUST HAS TO BE.... The markets around the world have rallied over 3-4% just on news this past weekend that a deal was definite ...Japan markets have soared to 18 year highs. The NASDAQ has touched numerous historical highs and this morning news of no deal being made in this Greek crisis is finally being screamed.... Now how the fuck can this keep up, its time....there has been toooo toooo many options and tooo many chances. Today should be the day that Greece defaults and let go....enough is enough .....if they spin this news around as being positive and give them till Friday or next week to hash out another deal that's pretty much it...these markets are going to have such a wake up call and such a collapse from prolonging the inevitable ....
How many times have they pushed back the rate hike for 2015....they thought June...they thought September ...the markets are so used to cheap interest rates and easy money policies that they now pushed back any possible rate hike into December ...that's how desperate and pathetic the fed is ...waiting for that last second in 2015 to raise rates a whole 25%.... And weren't there supposed to be 2 rate hikes in 2015....now the fed is planning just one.....1 rate hike....9 years straight without a single move higher in the fed funds rate.....and now they plan after nearly a decade to raise them .25%....its one big massive rigged game of the fed just bowing to wallstreet. Again if the market goes into correction mode and sells off significantly that rate hike is not coming. The fed who claims they don't listen to the markets is just more lies...