Well, good luck guys. Real money is made by having the balls to pull the trigger when no one else does.
Market is too strong overall.. Prob would vote for bargain buyers coming in. Fed could cut at any moment.
i know its a contratrade, but i dont mind the risk down here. i agree that fed will be stepping up at any moment. plus we are in oversold territory accd to every indicator. more risk shorting than buying. besides, the fact that everyone here is scared probably tells me its the right thing to do.
its up to intel tonight, if they have some bad earnings look out below. This market sure knows how to take bad news now, months ago it would ignor it, today its a different story, I dont think there is a bottom anytime soon, 12k is coming probably followed by new 52 week lows on all indexes.
its a perilous market no doubt, but that doesnt mean there cant be opportunities here and there, even long.
Just had about 23 limit buy orders hit on many stocks in the last half hour..... Also took off my TWM and MZZ hedges today....and went long the QLD and UWM... Blood on the streets......come on low 0.1X core CPI #'s $COSTAverageMAN