Midnight rally

Discussion in 'Trading' started by Rickshaw Man, Mar 24, 2005.

  1. Overnight

    Overnight


    Failing!

    rickshawfail12172020.JPG

    This could be it, Rick, the huuge drop. Remember when we got a new Fed Chair in Feb 2018? Market didn't like it.

    Here we go again in the cycle. Markets down 40%. Remember, there is now no more Fed. Powell is out, and Yellen is gonna' be the sec of the treasury? Mark it, dude. Bulls are done.
     
    #931     Dec 18, 2020
  2. Not much of an overnight rally. Dow opened negative, SP NAZ open positive. Pretty much a wash.
     
    #932     Dec 18, 2020
  3. Sunday futures open is just about always a gap up. Don't be afraid to hold long over the weekend. Its easy free money...same thing over and over and over. This knowledge will help you to profit. Slugging it out dusing the US day session is pointless.

    Buy the cash close and sell the cash open. Same thing over and over and over
     
    #933     Dec 18, 2020
  4. Will sell this Monday morning.

    ES 12.18.20 3.05PM CAST.jpg
     
    #934     Dec 18, 2020
  5. In the last 10 minutes of cash trading NQ shot up 120 points. All the days losses gone in 10 minutes. The DOW shot up over 200 points, SP500 shot up 30 points.

    These is the folks who know Sundays open will gap up. They don't want to be short.
     
    #935     Dec 18, 2020
  6. That was quite the up swing in the last 30 minutes for sure. Might have been Op-Ex related. Statistically, the odds of Friday's last major swing being up is about 63 %. So that's a small edge right there.
     
    #936     Dec 19, 2020
    fan27 likes this.
  7. Well looks like over 100 point gap up for NQ on Sundays index futures open. Same thing over and over and over. Should be rewarded handsomely for holding over the weekend. So easy make free money $$$$$$$$$$$$$$$$$$$$$$


    Sunday 12.20.20 NQ open.jpg
     
    #937     Dec 20, 2020
    fan27 likes this.
  8. Stopped out, can't win em all.
     
    #938     Dec 21, 2020
  9. Overnight

    Overnight

    Why did you have a stop in place if it is free risk zero $$$$$$$$$$? I mean, what is the risk? It is the same thing, over and over and over again, as you say. The Fed will come in and keep the market from falling, forever.

    You don't believe the crud you dish out, do you. Just HODL it and roll, man.
     
    #939     Dec 21, 2020
  10. Relentless

    Relentless


    Right?

    Stops are pointless in this free money market. Methinks Rickshaw saw red and pooped
    his pants

    Just buy - buy more - and when you can't buy more => buy more

    Impossible to lose.

    EZ game.
     
    #940     Dec 21, 2020