LOL, Trump has worked so far....... But im officially off the train. Im going to get Mar-A-Lago tatooed on my forehead when i get stopped out through the top, that should prove the dont fuck with Trump point.
Republicans wont vote for a bill that doesnt include lowering all tax rates, and dems wont vote on a bill that does include lowering all rates, and rates to corporations, so the odds that they find common ground is zero.
Stopped -7 I am now short again at 2386 Stop is 2427 Targets are 2348 2305 And 2185 I plan to roll this further out if all objectives are not reached by June.
The volume concerns me on the upmoves Multiples are elevated Rates are rising Reminds me a lot of 97-99
I quit trading ages ago, but I still keep an eye on the markets. I actually thought we were close to topping a few months back - Reason being that loads of my friends (who never even really knew they were able to open trading accounts back when I was still active) opened their accounts a while back and are making lots of money just going long on everything all of the time! One has quit his job! And even my mums friend opened a trading account, I shit you not, lol. Done zero in the way of research/education, but so far she has made some fairly good money, just buying everything since it seems to easy. It's kind of cliche. Feels like a 'bubble' but then what do I know! None of them entertain the idea that we could have some sort of meaningful correction. I'm naturally waiting for it to blow up in their faces! They seem to be 100% certain that 'the market just goes up, basically!''. It's about timing, I guess! Maybe the market will keep giving for another year or so towards 3000 on the ES?! God knows, lol