Yeah it looks like it's almost a vertical line up at this point. Even the corrections are quick and small.
%% Good QQQ......extended uptrend; may get more extended................................................................
I dunno, I just faded the Nasdaq breakout at the top. A scary prospect in this day and age, but ffs, markets still need a correction. I'm up about 4 points currently, but looking for it to drop down to 11,350 area.
Don't let your emotions get in the way. The market doesn't "need" to do anything. Trade what you see not what you think.
No. Markets needing a correction isn't a feeling or an emotion. It's a fact on every time scale. The when is the only question. As to fading the breakout I do that because probability wise you win more often than you lose in doing so. That's also a fact. By doing so I'm currently up 50 points on the trade. It doesn't need to hit 11350. My stopout is in the money at this point.
Apple makes up now 13% of the ndx And 6% of the s$p All they have to do is push apple up 2 to 3% a day and the entire market rises. Literally only 5 or 6 stocks controlling entire market.
So basically after everything you said the markets as of this second are pricing in a 10000000%%%% trump win in November
No the markets are pricing in free money along with an economically viable President. But if Democrats win there is no balance. Even if they were still pumping free money they will tax everything possible just like they do in every Democrat city and state. They will ramp up regulations choking businesses that make them take their jobs overseas where it's fiscally viable. They will create tons of federal jobs eating even more taxes. Think about it. Even with zero interest and a rock bottom market Obama still could only take the Dow over and above it's prior high by about 3000 points in eight fucking years, and he came in AFTER the recession had done the majority of its damage. A literal retard would have looked good with markets having nowhere to go but up. His over regulating industry and high taxes pushed our jobs overseas. Trump came in when it was almost at it's all time high and has virtually doubled it in less than 4 years because he creates economic and consumer confidence. He cut regulations at a 3 to 1 ratio while lowering the corporate tax rate to 21% from over 30%. He created bilateral agreements with trade partners eliminating multilateral deals. He utilized tariffs to compensate for unfair trade agreements. Biden is a Chinese puppet and will push our jobs and money into China.