today's reaction to earnings has something for everybody, but i would say Bears have a stronger case. AAPL reported and last night it looked like it was all over for the bears. but today only QQQQ was positive and even it failed to take out the last week high. i still see the news flooded with optimistic business headlines, but it is about to change. i am guessing we will start to see a ton of negative headlines the moment this market starts rolling down. THEY will try to put as much fear and doubt as THEY can into little guy's head before THEY load up on stocks again 5-10% lower. BTW AH is red: E-mini S&P 500 (Dollar) Jun 10 1197.25 -3.25 E-mini NASDAQ-100 Jun 10 2019.50 -6
The reaction to news and events is what matters. Blowout earnings and a sell-off tells it all. Suck the money in then sell em' And I agree we pause then rally again but this may take awhile. You just gotta follow the big money.
LOL! Lookin' good, mate. Especially after Greek 3yr spread now at 11.6% haha! And they found Portugal to be lying as well. Lots' o fun!
We are the only 2 bulls here -- amazing giving the rise we had. Shows that most people are on the sidelines and it is the free money the govt is throwing propping it up. Can you imagine when retail comes back?