don't want to read too much into Sun night Futs (ES 1074.00 -2.00), but i am a bit surprised that the bulls don't show any balls given the fact that we had a decently oversold market last week and no major bad news (i think) over the weekend.
Nasdaq-100 now at 1823. It rose 18 points from 1805. I played the wrong instrument (bonds which moved only 6/32; now at 125.19). EUR/USD rose 80 pips. EUR/USD is about to hit a possible resistance at 1.2828. We may have a (Final?) pull back in EUR/USD, rise in bonds, and retreat in stocks, and the real move?
Pull back is placing now. EUR/USD is now below 1.28. Would the move stop before 1.2790 and 1.2780? Bonds also rose, and stocks future declined. NASDAQ-100 now at 1814 (one point above midpoint of 1805 and 1823). Are we now close to the moment of truth?
Are we heading higher, and this retreat is a trap? Any stocks that are poised to go higher when market goes higher? I would love to see bears covering their shorts in a rally.
Bought BGZ @ 15.24 sold at $15.45. Shorted the dull market for about 90 mins!! Back to waiting for at least a 2-3% jump before throwing on more short positions.
Are you sure? Is it not wiser to buy the dips? Double check whether your are walking upside down. Folks: How high will this up leg go?