Trading the Indices on Fundamentals

Discussion in 'Index Futures' started by FXtrader8911, Jun 18, 2019.

  1. Overnight

    Overnight

    Then why this worry?

     
    #221     Oct 11, 2019
  2. I'll be worried if new highs are reached, till then, just "uncomfortable" that I might be wrong... the position sizes are rather big
     
    #222     Oct 11, 2019
  3. Overnight

    Overnight

    Was there no way to get out of the shorts when you took the long profits, to net at least BE?

    If your intuition starts telling you something, might be time to listen.
     
    #223     Oct 11, 2019
  4. Yeah, I could have married them off but my intuition says a downturn is on the cards (I been wrong before on that but history is on my side)
     
    #224     Oct 11, 2019
  5. Overnight

    Overnight

    Keep one thing in mind as we enter the US holiday...Asia was closed when the tweets today and trade meeting stuff was finalized and all this positive falderal was announced.

    Keep an eye out on Sunday night 6PM ET when the futures open again. Traffic may be light on the fut side due to the holiday, but Asia will open later on that night. We gots the US trading halt at 1PM Monday.

    Hell, make it a swing, like I tended to do! Wheee! Multi-weeks! OMG, no, don't do that. It is awful with Angry Orange in the Oval Orifice.
     
    #225     Oct 11, 2019
  6. schizo

    schizo

    No holiday closure is scheduled on Monday according to NYSE. What holiday are you talking about?
     
    #226     Oct 12, 2019
  7. Overnight

    Overnight

    Oh, my bad. For some reason I thought Columbus day had a reduced trading schedule.
     
    #227     Oct 12, 2019
  8. marameo

    marameo

  9. Asia moves are rather insignificant in the scheme of things so even if the reaction to the trade deal is positive, it does not mean much. What is significant is a PE ration above-average despite a lowe GDP, something that Buffett also uses as an indicator. Sentiment might be high but markets always gravitate towards the fundamentals eventually. Longer term, a correction is on the cards, day to day could be up... just follw your charts for day trading.
     
    Last edited: Oct 13, 2019
    #229     Oct 13, 2019
  10. marameo

    marameo

    So this is basically short sellers covering thei positions and driving the market up.
     
    #230     Oct 15, 2019