Swing Trading QQQ

Discussion in 'Trading' started by schizo, May 6, 2024.

  1. nitrene

    nitrene

    But why would 10 yr rates fall on a hot PPI print? Because it wasn't too hot and the market prognosticators got it wrong. Or maybe everyone believes CPI will come in cold.

    I think the market doesn't really seem to care about higher inflation anymore, as long as earnings come in as they believe. The 10 yr yields went from 5 to 3.88 from end of October 2023 to end of Dec 2023 and since then it has gone straight back up but the equity markets are at all time highs even the Utilities & mREITs are back.

    The most amazing thing is junk bond ETFs are higher in value than they were at the end of Dec 2023 even with rates rising 70-80 bps.
     
    #101     May 14, 2024
    Laissez Faire likes this.
  2. SunTrader

    SunTrader

    That.
     
    #102     May 15, 2024
  3. S2007S

    S2007S

    Imagine cpi is under forecast by 0.2% and the markets zoom up 1.4% only to give it all back

    The nasdaq is running hot, zero fear and nothing but complacency
     
    #103     May 15, 2024
  4. SammyJ

    SammyJ


    Day traders are inherently bearish . A trader a 1000 times a yr sees the mass manipulation of the mkt and it angers many . It shapes one’s views on everything. It’s almost as you will an envious look at how easy longs make money with no stress . Shorting is like “ those greedy pig longs are going to get slaughtered “ . A trader wants to profit on there greed by going short . So traders pile in short to “catch the top”. They get stuck and are forced to cover . Other traders see them covering and pile in long forcing a vicious continuous move up . Valuation , news etc mean zip . I can make a case this is the most overvalued mkt in history based on rates and pitiful earnings growth . But we’ve all got numb to reality as it means little
     
    #104     May 15, 2024
  5. Darc

    Darc

    It's the solid Earnings that keeps the Market rising, even as Rate cuts are pushed back.
     
    #105     May 15, 2024
    nitrene likes this.
  6. S2007S

    S2007S



    Solid earnings??

    You mean stock buybacks the last 40 yrs to juice earnings!!
     
    #106     May 15, 2024
  7. SunTrader

    SunTrader

    Nonsense.
     
    #107     May 15, 2024
  8. I've listened in to a lot of people and get the sense that many are expecting the system to break down instead of maintaining status quo. Many also no doubt carry their political views and various baggage into the market, no doubt affecting their trading negatively.

    Trading is much more relaxing if one just goes with the flow. Today, lately and most often that's up in the stock indices. The market's currently breaking out to the upside.
     
    #108     May 15, 2024
    nitrene, Zwaen and Picaso like this.
  9. Picaso

    Picaso

    Words of wisdom.
     
    #109     May 15, 2024
    Laissez Faire likes this.
  10. Zwaen

    Zwaen

    Agree with this. It’s bizar how bad my shorter term directional trading is. I sometimes compare it to a giant slotmachine which is programmed to suck as many people in to keep ‘gambling’. It’s (for me) very hard to beat (err impossible I mean) a simple ‘long only’ rule.

    But how determine the flow? Wouldn’t you end up with a moving average rule?
     
    #110     May 15, 2024
    Laissez Faire likes this.