That the market in general took 13% since january is irrelevant. Market dont "think" that way. Top, bottom, seasonnality..they all matters. Not a year to year performance.
I hope it pushes down today. WOuld make for some great movement. Otherwise, its just gonna chop all day I think. but seeing as though those are my thoughts, the market is going to push up. Thats just the way it goes, lol.
Yup.. It is trending UP, and will gap up again as soon as the tax bill is approved in end of this week. Hope shorter already get themselves covered ..
I agreed the UP trend won't last forever, but for the time being, it is STILL UP TREND The market will keep on UP Trend until the tax bill finalised, then it may change, bottom line is the UP trend will not break before end of this week. As a trader, you only need to follow the trend and go LONG for the time being. Also, market may GAP up after the tax bill approved (I agreed it is BS as it is a known outcome, however, market is insane and the greedy fund manager have to find excuse to LONG in the market) I am still 100% LONG
Good new is market already moves higher from their low before open. Expect a big rally after the tax bill approved (which we all know will get approved no matter what). Waiting for the Merry Christmas Rally !! Holding My LONG and may add more later on ..
Yuup ... Major indices are begin to show green now. LONG still have a long way to go. Will hold on my LONG positions !!