I just read this at Bloomberg now: U.S. stocks continued their relentless push higher even as the economic impact from the deadly coronavirus remains murky. Treasuries were mixed and gold advanced. They're just spinning a story each and every day with no clue at all about why and what. Disclaimer: I still browse the news, but don't use it to base any trade decisions/analysis.
I'm positioned for a minimum SPX touch of 3300 from 3380 Continuation objectives in the next 7 trading days remain at 3300 3251 3228 Spy range is 340-322
The rally by DEMTDAYBOYZ in U.S. stocks took a break Thursday after going green and the placing of a large short Position by Volente_00
He's had around 10 failed shorts now ( too many to count ) over 13 months. So a 10% winner would put him back at roughly break even on the trades he posted. Every time he gets some initial head way on a trade, his fans start crowing and he starts warning/chastising the bulls the top is in for real this time. Whatever works for him I guess but the opportunity cost of not being long the SPX from January 1, 2018 to yesterday was 36%. Going to take some serious success moving forward to make any of it worthwhile. He might have caught some of that 35% in a long trade early in 2019.