Yes yes yes....still an uptrend No such thing as a downtrends in this market....just keep buying...bull markets never end in this new economy....they go on forever and ever and ever....and if they begin to fade and show signs of weakness the fed comes in with more QE. ..yesssss
I was scanning the stocks today and I noticed HLF was up today. Haha. HLF is one the crappiest stocks you can ever find. HLF price action shows that miracles happen and they keep staying for a long time. I believe HLF will stay and be way overvalued as long as Ackman is alive just to hurt him
TZA, GLD and MCD are hedged but ADI and XLU are naked. The story of GLD is that I sold naked PUT 113 last week and I was assigned the shares. Today instead of selling the shares, I sold covered call expiring tomorrow at 0.4. I got 0.46 last week selling naked PUT 113. So if tomorrow my shares are called away, I will make $86 per contract in 9 days.
Interpretation of tomorrow's market action: The numbers are fuzzy and are not extracted from a formula and are just my interpretations. If market shows bullish sign I will take the other side ! 1: If market recovers less than 0.25 of drop today it is bearish so anything less than +90 points in DOW is bearish 2: 0.25 to 0.5 (+90 to 170) is mild bearish to neutral 3: 0.5 to 0.75 (+170 to 280 ) is neutral to bullish 4: over 0.75 to 1 (280 to 350) is bullish 5: over +350 is extremely bullish
z no question of bear market unless pullbacks start exceeding 300 points which is largest to date. so far pullback is not even 100 points
How traders/investors will trade tomorrow : 1- hard core shorts will keep shorting which should drag the market down 2- Regular 401K investors might pull out some money or keep contributing so the outcome should either be flat or down 3- momentum traders will keep trading in both directions so the outcome is mostly either unknown or neutral 4- Some will consider tomorrow as a good buying opportunity and buy and their trades might go in their favor but they should consider the next days. What will happen on Wednesday? will the market go up ? Wise traders will close their position by close tomorrow which will pull back the market 5- Wise medium term traders may not even trade in this choppy period. They will wait till the dust settles and they get a good direction of the market so their effect will be neutral Considering all the cases, I believe market will close bearish tomorrow.