The trend has been higher!!! buy low and sell high!!! go to a one-minute chart, when you get a higher high and higher low then buy and make bank!! i also can pick tops....but i call that trend trading as well i just get in at the very beginning. so longs....tighten stops and protect your fortune from being long!!!
they come around one every 400 years or so -- Issac Newton, Einstein of course this guy. Who knew... Please keep us posted on what the market will do, where to catch the major turns. thanks...
Spanish. Everyone is hoping for a bad jobs report tomorrow... So that we can get another multi-day rally. If we get a good jobs report our odds of easing and another major bull market rally go out the window. The worse the economic data is the better it is for stocks in our current economic situation.
"Why the fuck is this market incabale of crashing??" More willing buyers than sellers why did oil crash from 110? A strong market in the face of bad news, vice versa, might tell ya a thing or two. Speaking for myself, on an intraday timeframe, the news doesn't matter except for knowing WHEN important news items may hit the tape.
Commodities have been falling like rocks since the beginning of March. This just looks like a normal retracement on a 6-month+ chart. And oil has a couple of gaps below that are just asking to be filled.
There's a lot of money out there. You have to ask yourself, where are those with the money going to put it? Treasuries? - There at record levels maybe a bubble Cash? -There's inflation. Gold? - There's deflation. Commodities? - Global slowdown is reducing demand. The supercycle is coming to an end. Real estate? - That's obvious. Outside of art and jewlery, that leaves stocks and hence it won't fall.
Whatever you do, don't try to tie this rally to fundamentals. Price-to-forward earnings multiples have been worthless after the bubble and record-level profit margins. The strangest thing (which we've seen before) are all the days where there's a huge ramp-up in the final minutes of trading. It happened July 3 and a few other times recently.