Carefully following VIX to see if it breaks > 20. I went long UVXY SQQQ SOXS etc, key reversal signal is if inverses break and hold new daily highs for 3 consecutive days. Good luck
Amazon up over 100 bucks after hours and nasdaq futures down 50! Uh oh.... Imagine if we get a 3.87% pull back!!!!!!
LOL $100 for a $3,500 stock is peanuts. Would you be posting that if a $350 stock was up $10 after earnings? Or a $35 stock up $1?
What I'm posting is that Amazon doesn't usually move more than 50 bucks on any normal trading day so a $150 dollar move in Amazon's stock is quite a show,, happens less than 10% of the time in a single trading year
Well, the real test will be tomorrow's RTH. Do you smell a "fill the gap" scenario happening? I do. In the NDX, a rising tide lifts all yachts. The skiffs get left by the wayside. Some crazy stuff has been happening with the spread between NDX and NAZ over the past few months. Hell, just in the past few trading days they were equal. Now the NAS is like 130 points over the NDX. Funny stuffs.
Higher prices=Distribution Lower prices=Accumulation That's how markets worked for centuries. Yes, markets can continue trending up for long periods of time. Let's see what happens.
I don't care if MNQ has topped or not. There will always be a dip and a correction just about every day. When it pierces the lower Bollinger twice and then starts making a green candle, I pay attention. I go in with a single contract and if it goes lower, I buy another and another if it still goes lower. If a candle goes two corners deep below the line, I sell and take the loss, it isn't ready yet. I like to end up with 5 to 7 contracts for the ride up, and sell a couple at resistance, hold the rest for a bit and see if it breaks out, and if not, try to get out while I am still ahead. Last few days I have made some bad entries and it has cost me, but the charts, the glorious charts, they are my Lucy Van Pelt, and MNQ is the football. Some day, POW! Right through the goalposts with a 300 point move. It will happen some day. Meanwhile it's Come on, Charlie Brown, kick the football! I promise not to snatch it away from you this time! Really, I mean it! Would this face lie to you??? I do think there will be a higher high or two. Looking for continued gains through the summer. Hold that football, Lucy! Here I come! Honestly I like it better when there is some headroom between current price and the previous record high.