Nasdaq seems to me to be weaker than SPY. Did you consider the possibility that your aze might be handed to you? QQQQ at 54.62 area. If I were to play this, I would actually short it. I have a feeling it might retreat.
SPY at 124.64, QQQQ at 54.61. Does anyone have the feel of retreat/fake-selloff this afternoon? If there is a fake selloff, I would be looking to buy SPY if I get the signal.
EUR/USD at 1.3130. I am thinking to risk 3 pips, and go short here. Update: missed the entry. now at 1.3118. What do you guys do when you miss an entry?
EUR/USD just turned bullish. If it holds, the commentators might use it as a "an explanation" if the market rises. But if one asks why EUR/USD is rising, they might come with some explanation. The EUR/USd has moved in afterhours, when nothing is really happening. My explanation: buyers have outpowered the short sellers. Among the latest buyers are those who used to be sellers earlier today, and who have changed camp after noticing the new winners. What do you think of this down to earth explanation?
FUTURES back up tonight and will continue to be up the rest of the week.... Tomorrows trading hasn't even started and I'm predicting the nasdaq goes 13 for 15 or 86% by the close of being up in the month of December. S&P FUT 1245.4 4.2 +0.34% DOW FUT 11441.0 37.0 +0.32% NAS FUT 2226.5 6.25 +0.28% OIL 89.72 0.35 +0.39%
What about the QQQQ 56 level? Less than 3% away. How would you clear that? Could we make a deal? How about I sell to you at 56 right now, and we would not have to wait for the price to get there.
Thats what I'm thinking, everyone knows its going to get there so why not tomorrow morning or sometime this week just gap the NDX to 2300 or around 70+ points and call it a deal. Why the slow grind higher, its wasting everyone's time.