Get use to this, the insiders made enough over the past month with the big swings from leaked fake news stories to kick back and let the amateurs fight over the crumbs that will be seeing for the next few months. Sure we may get some earnings and economic bombs that get dropped, but for the most part this is it, slow grinds up and down, it will take hours to move 10 points.
And we will always get the....WELL OFF THE LOWS.....AT THE HIGHS OF THE SESSION....You can always count on that. Took lunch pump position at 17940 in YM, will scale out as it crawls up to 18000
Market is really dead. Very very low volume. Many popular semi stocks do not get traded for minutes. I use Trds/Mn column in my TWS window to track Trades per minute of each stock. A bull market should not be like. Even dull days of summer do not justify this. I say market is broken and we should see a high volume sell off soon.
OUT of SOXL today at $29.80, its up on MU take over news, will buy back below $29 other than that nothing much going on in this market, sold nearly all my longs, will wait for more extreme volatility to get back in, other than that holding short with a couple of long positions left here and there....
Just a few of weeks ago when FIT went public by price action I realized that it is going to hit $50 and now it is $45. I did not buy and have no plan to buy it but I regret a kind of.
and another afternoon rally is on the way after 4 hours of going absolutely no where.....so the dow is up nearly 600 points since last thursday, the rally continues and like I mentioned the focus is now on earnings, and we all know earnings beat over 70% of time, most low ball the earnings forecasts so that they have no problem beating on the lower end.....the markets should be back at historical highs in the next week or 2.....
"Surprisingly low retail numbers." There's nothing surprising about it. It's only framed as a surprise because it doesn't fit their narrative of an improving economy. In reality its a stagnant economy, with a few gimmicks along the way, since 2001.
that wasn't a surprising low retail number, the economy is weak and has been week for over a decade, the only thing keeping it afloat is the QE and the trillions they pumped into the system, as you notice it never worked and will never work, all it did was create inflated stock prices...the economy is still worthless and waiting for more QE before the slightest interest rate hikes...