I think the market is over priced. I am just calling it honestly as I see it. There is no point of a stop if it is not honored. But that is just me and pretty much every trading book published.
Ah ha. An additional 150,000 dow points. And just to think what possible dow components will help with that 623,000 points because I highly doubt it's going to be the dow components that are there today.
78% of the 206 Companies in the S&P 500 that have reported to date have exceeded analyst expectations, Strong Q3 earnings are a surprise. The Chinese state-run news agency Xinhua pointed to progress being made on trade. If we can manage a close above 3026 it might attract fresh longs into the market.
Fresh highs. Booming economy. Historical low unemployment And the fed is going to cut rates this week after historical highs in the s$p, a trade war that seems non existent today and a Brexit vote soon. Absolutely zero reason to be have even cut the rate 50 basis points these last few months ....
Four Fed rate hikes in 2018 whilst the EU was aggressively cutting rates was asinine. Draghi has been using rate cuts as a means to devalue the Euro vs the Dollar. Call it recompense.
I think you get it. There is a reason...to manipulate and float this market on hopes and dreams. Thank god I am closed out EOD.
Other than to stem the USD rise, which gives breathing room to the EU which is nearing economic/banking collapse mode, and several other unlucky countries with pegs or direct debt ties to USD.
Only thing you are saving yourself from is additional money in the bank. Need to learn to be a bit more relaxed, the world is not going to end before you wake up in the morning.