Looking at daily bars: ES futures down 1.75 YM futures down 34 EMD futures down 2.70 SPY security down 0.19 What were you trading? -Raystonn
The original poster was forecasting that the major equity index futures would be down today (Monday). For the most part, this is true. He made no forecasts for your pet stocks. Why are you claiming the original poster to have been wrong? -Raystonn
Trailing Stops . . . is that like where one catches their breath on a long hike? DayTraders . . . is that like swapping a work day with a co-worker so you can go fishing? This are examples of dry humor, whether appreciated or not, from someone who appreciates levity during the trading day. I find it reading the posts of tyro traders such as yours. Keep them coming.
Or not. It was a sideways day with wide swings. SPX and NDX closed in the green, RUT and DJX sligthly in the red....
Those would be the equity indices, but not the equity index futures. The ES, EMD, YM, and ER2 futures closed down for the day. Only the NQ closed up. -Raystonn
looks like we might be having a new leg down fellas Ill be bizarro Stock_Trad3r and say SHORT EVERYTHING... 100% room to go down ! ..heh heh Edit: for those who have no sense of humour.. that last line was a joke. But todays action is further confirmation that we are going back down before we see new highs
The sellers finally got the selling they wanted PUts are going up today, calls falling. Short interest increasing. This all began last week after the fed meeting. The markets rallied huge the day of the meeting but stagnated aferwards for a couple days. The sellers were keeping a lid on any further rise in the indexes. Now we have some negative news in the past few days 1. A lousy housing numner 2. LENAR has to revise numbers do to subprime mess 3. A mediocre CPA number With this news the bears can have the selling they wanted. Fewer buyers today=sellers dominate Good to get these numbers and nagative news out out of the way so the rally can resume later W3rd