Why not 61% retrcmnt,200ma(purple) & trendline? ….. Cause its NQ weeklys? just saying…
Category: Random Thoughts
Random market musings from traders
THE Dollar Bottom
UPDATE: WRONG by 0.005 ————————- From useless-guess-for-future-i-told-you-so purposes department. Calling the low from this morning THE low for the king … errr prince dollar …. Cheers p.s.
Num6ers 9am3
This is coming to you live from random thoughts / we’ve seen stranger things happen department … – 666 on 3-6-9 was the low of the current bear market– July low was put in almost exactly at 12:34:56 on 7-8-9 Tomorrow is 9-9-9 (6 months from the low) … with BO giving a speech on…
Victory for the Bears?
Victory for the bears certainly has a pinch of sarcasm to it, but bears which have been completely wiped out and taken to the woodshed will now have to cling onto something via the “less bad” method, as bulls did since March. Bears managed to hold ES down a whopping 4.00!!! In the face of…
8/4 EOD Market Thoughts
Hey Traders, Nothing changed at all today. Intraday setups continue to work just fine, but in bigger picture bulls are in full control for now and more buyers keep coming in at smallest support levels. Will have daily update up later tonight with key levels to watch, they will be very similar to yesterdays update….
8/3 EOD Market Thoughts
Hey Traders, firstly, the whole BAC things blows my mind, pay out 3.6 Billion in bonuses and pay 33million of fines for it, sound like a pretty good deal, they should super size the offer to 100 million fines to pay 11Bil bonuses…. Today was yet another lesson in Dont Fight Momentum 101, this market…
Shooting Star, Eh?
Even broken clock is right twice a day: Exhibit 1: 12:55pm EST / ES 990, 4 pts off highs Exhibit 2: 4:15pm EST , ES close 982 – shooting star style Now only missing: Exhibit 3: Gap down in the morning Exhibit 4: Unfilled gap and a little pause in the markets. Lucky guess so…
Ignore the Noise
Hey Traders, Bears did a decent job minor damage earlier in the week and had every reason to push it lower yesterday. But as mentioned previously bulls are in full control and the funds who have to chase performance and whoever else is buying up this market could care less about dollar strength, auctions, case…
On The Warning Track of Bullish Lunacy
Hey Traders, while all the technicals were addressed in Daily Market Summary, it is also worth looking at the market sentiment via good old friend BPNYA – NYSE bullish percent Index. Orange – warning track of overly bullish sentimentRed – “bullish lunacy” level, rarely seen bullish sentiment frequently resulting in market reversals. While May /…
28251
Average human lives only 28251 days… did you make today count?