I think the Fed ex warning last week was just the start. Enterprise spending on tech will take another hit in my opinion. There is definitely a lag between rate hikes and cut backs in enterprise spending. The reality is we are going lower on all 3 index’s . We can trade but those that buy and hold will get hurt. As traders- do not turn a failed day trade into an investment; take the loss.
Who cares if the economy tanks or rises or remains neutral in the next two months, and two months after that. We are all day traders here at ET making those million dollar moves. Taking it...One Day, at a...Time,
Making?! On a good day I don't let myself lose more than a hundred bux. Risk management is the answer!
Even a few long term investors, who just want to protect capial using charts. But yeah, i agree with the OP, NOT THAT ANYBODY WILL OR SHOULD CARE.
You are a moron in his eyes. You should see him shit on me in my journal every week. If you cannot make a million dollars a day, day trading SP options, according to him, you do not have the part-art-part-science of trading down, which is apparently how you make the money. It is so easy a caveman can do it, according to him. Of course, he has no journal, and never posts any trades. Ever.
You should listen to your outervoice, not innervoice. day traders don't care about the Fed ex warning last week. we don't care about Enterprise spending on tech. we don't bother about a lag between rate hikes and cutbacks in enterprise spending. It doesn't matter whether fed is hawkish, bloodthirsty, antagonistic, dovish, pacifist, printing $$$ massively, or whatever. Fed always provides trading opportunities. you should post your news on eliteinvestors.com
quite a nice tidy chart. Those who shorted it in Jul 2022 should be laughing all the way to the bank.