Watch out .. today seems like one of those that may have a sting in the tail. I wouldn't be long right now.
summer is here - we will have this nonsense for the next 2 months. pure crap, confusion, low liquidity and a lot of bs on newswires...
markets rallied hard, my PnL just went parabolic. long from 1248 on the ES.... I never trade the last hour, but in this case I will make an exception!!
How did you come to that conclusion. I mean all the indexes were under water when you posted. Just curious if there was any reasoning behind your guess.
today I was minding my mean-reversion business. suddenly, a bunch of longs got opened and I had to stop buying because I was over my head already. I said I am going to sit this out and I did. I had to go through rounds of torture watching my PnL oscillate up and down, up and down, etc. Later in the day PnL just went up a lot (still very negative) so I thought something was happening and posted this post. I did not think we would go up as much as we did. Ended the day in the red (FNM took care of that), but quite happy with the recovery.
BULLETIN >> MAJOR U.S. INDEXES FAIL TO HOLD GAINS, FINISHING VOLATILE SESSION IN THE RED S&P 500 sheds 10.66 points to 1,252.24