This is where trading gets complicated ; after a huge rally. What do we do now? Some stocks in play- LI, BA , BLDR, XPEV. Not saying to fo long or short but they are in play.
huh? use your inner voice. You have to stare at the chart and see what the chart says and react to it accordingly. don't make any predictions. take for example crude oil today. there were many opportunities to short it. there were also some opportunities (but fewer) to long it. similarly to gold and bonds today. there were some opportunities to long it and short it. so uptrend - you buy downtrend - you sell no trend- do nothing and if you don't know how to analyze charts, DON'T TRADE!
%% BA+ SPY looks so extended // may get long+ extended more. SH + SPXS is losing \down\trending again .So the complex got more simple one hour+ after open price. Speaking of simple/ not long BA/LOL= maybe good for some bulls??
"What do we do now?" A setup / trigger trader could watch LI for a Bigalow Best Friend Trade... Linked here: https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-21#post-5368378 What's an artistic intuitive trader to do? Ask around, be ready for a lot of handwaving vociferous instruction and be verry verry patient, like ten years it's said, lol. https://stockcharts.com/freecharts/candleglance.html?LI, BA , BLDR, XPEV
Are you a millionaire many times over from trading while deploying that Holy Grail strategy that only you have discovered, Sounds simple and truthful and full of logic, in hindsight, but it's not very easily practical and efficient, That's like seeing people on piers and on boats fishing.....so what do you do as a human being....you take out your pole and put it in the water, What's the end result of that, Or that's like seeing people flocking to Vegas and casinos....smiling, laughing, looking intelligent having fun at the tables.....dressing sharp and sexy, eating steak and lobster at the fabulous buffet.....so you do that too.....but you leave bankrupt, What went wrong here in this picture,
%% L Vegas pattern ?? I seldom do anything like that. But there is a good saying in Vegas\what happens in Vegas .........LOL And there is a thin blue line in Vegas that keeps you from troUble= 50 dma + Vegas Police Dept. So if the selling\ which usually works in SPXU, doesnt work much today; SDS looks better + SPY buy maybe better. So he maybe right/ buying this week\ even though i started with SPXU, bear main trend; not a bottom creeper fan of lobster or gambling. Fishing?? I never fished around crowds much; but i have bottom bumped for bass/ they rocket up when you jerk thier jaw with a blue thin plastic worm Salmon,, sardines,, steak > lobster.
I went fishing like once in my lifetime.....around 1997....I went with my uncle or some male relative and his son.....we went to a small fake lake in San Diego. Long story short......I thought I was catching a MONSTER fish, and this old man too about 200 yards from me on a small boat also thought he was catching a Monster fish. We fought hard for about two or three or four minutes.........when we both realized our lines are hooked onto one another....and the lines stretched across the pond lake. and I thought i was going to get raped in the morning when i used the cabin showers on the camping grounds. I was alone on my way out.....and this man....entered the shower bathroom on the camping grounds. Freaked me out. He could have very well molested me, or drag me away. I should have had an adult accompany me for safety.
%% , I've fished so much; couldnt help pick up some good fishing trends/ + good trend$ from old timer. One old timer loved to fish so much he did it every day\ + had his trot lines running all night. Its a miracle i thought/ but he gave all his fish away/ to me + others. DONT you ever eat your fresh fish[brain food ] i asked him?? [i dont eat catfish anymore.] Old timer LOL+ said ''NO/ if i want to eat fish/ i buy tuna fish[5 or 5.5 oz] out of a can'' "' Them boys sure can sing/ this grey hair dont mean a thing/ dont need no rockin' chair or your Medicare-j Jones \I Dont Need No Rockin' Chair song..........................