The guys who flip bullish within long uptrends just don't understand their own game. On the other hand, the guys who flip bearish within long uptrends just don't understand their own game.
Good news, fears of recession from just a few weeks ago starting to faint and people who have been bearish for 10 years starting to flip bullish. This is the definition of a market top IMO. I'm not expecting anything big just yet though. We are just ranging for now and i believe the market is distributing. Don't trade opinons though, trade the price action. I just like to have this in mind to be better prepared for the upcoming situations, but i will only trade the setup based on the chart. The market is always right and the price don't lie.
You need to take out a calculator and subtract your longs from your shorts and just care about your net position. It would be funny if the markets finally tank and you are net long.
Still want to unload my MIDZ at $46+, waiting patiently for new highs to sell but every time it gets close it sells off.
Why why why why why is there constant back and forth on this trade talk news...hours ago they say deal was again up in the air due to china reducing the amount of farm purchases they were going to do and then they say china deal moving along rapidly. I honestly can say that the media is nothing but fu<King pure dribble...you cant even believe anything any more. Everything is completely upside down with the this trade war news. What is so fu@king hard to complete a deal. The back and forth bickering is just nonsense at this point. I would at this point just say tariffs are going higher and there is absolutely no more talks from here on in but we all know this is a forever ongoing game. Trump says China trade deal moving 'rapidly' amid report of snag By Robert Schroeder Published: Nov 13, 2019 4:38 p.m. ET SHARE President Donald Trump said Wednesday a U.S.-China trade agreement is "moving along rapidly," after a report that trade talks may have hit a snag over farm purchases. The Wall Street Journal reported Beijing is leery of putting a numerical commitment in the text of a potential agreement. The Dow Jones Industrial AverageDJIA, +0.33% and S&P 500 SPX, +0.07% closed at new records on Wednesday even amid the trade uncertainty. Trump spoke at a White House news conference with Turkey's president.
So all we need to boost markets every day is this headline US MARKETS Dow rises 100 points to record high after Kudlow signals US-China trade deal getting close PUBLISHED FRI, NOV 15 20192:47 AM ESTUPDATED MOMENTS AGO