https://www.marketwatch.com/story/t...500-at-35-overvalued-2020-04-13?mod=home-page The data/iassumptions in the article estimates a fair value consistent to a range of 2500-3000 for SP500. Incredible gymnastics they had to do to come up with a negative headline from the base data.
You trade on news and fundamentals. Market trades on pump and dump mechanism. As of now... The pump just started last week.... More upside ahead
Doesn't matter when the Fed is buying everything and the market only cares about liquidity (and fundamentals are pointless). Does it?
I lost several k trying to bottomfish inverses the last couple weeks, now I'm back in. Today I bought SDOW FAZ TVIX TZA SOXS VXX SPXS .... anyone else trading them? Bears are back - yay!
%% Yes; TWM is above 200dma. Ive made more on DDM,lately,but because i scaled in more. I dont trade DDM much/ Dow derivative LOL. DDM can get strong in MAR, APR........................................................... NoT sure why the panic buy on bottled water?? Most all USA has good/ great water??
%% Fundamentals matter in the end+ before the end. Good thing for the bulls, most companies are run better BA, DAL. Fundamentals matter before the end............................................................................................................ ERX, has never traded like QQQ SPY, UPRO or TWM
Not much, I'm stubborn but not stupid lol.... price action is all that matters.. I stopped out of most inverses aftermarket and bought some SPXL GILD. A meaningful cv med headline is valid data, so I took action. I will re-enter inverses if they get buying later. I'm still up on the year, though I gave back some profits trying to bottomfish inverses recently. It's all about risk management.... I'm always ready to exit losing positions when price action proves me wrong. I'm a bit frustrated since common sense says 20million unemployed and global pandemic and earnings misses, you'd think would tank markets bigtime. But price action is king, so I've gotta eat humble pie. #grumpybear