yeah, nothing but some early institutional selling whuch is slowly bought back up the rest of the day. However, the buying is weaksauce. Where are the buyers at 2095 - 2100? Seemingly nowhere. They're happy to sit on the sidelines and see what happens, it seems nobody is willing to take the risk of buying at the highs and pushing this over 2100. Buyers will have to be more enthusiastic to bring us higher. We're looking at two hanging men back to back right now showing increased selling interest. If we don't break out today or gap up tomorrow I think we start heading south. The chart just has that "gravity" pull to it right now, even if we do breakout it'll be hard to go significantly higher before a retest.
We were so close to doing it today. Looks like tomorrow might bring a true breakout, who knows. It'll be hard to breakout now and maintain it after so many recent days up.
AMBA pops , it may go to $50 , because it has high short interest., I have been in a call since 41.60
WOW, that job miss....holy moly....how in the heck did it miss by that much!?!? and they revised the prior 2 months down, wow!!
i already have said i dont think they were raising in june anyways...its why im still in gold.... sitting through the slight loss im sitting at. as long as gold holds 1200 it will start forming a short term cup and handle, and a long term reverse head and shoulders if it starts going back up, if the fed truly dont raise in june, look out gold shorts, get out my way.
NUGT up 13% premarket...i guess im no longer sitting with a slight loss, if it opens there i sell half of this remaining half i was holding. and let the last quarter ride until the fed meeting.
The DoL just shit all over a bullish push. How in the heck do we not go down after this. Abysmal job numbers and huge revisions down the last two months reaffirms the fear of economic trouble, or at least it should. 38k jobs added is a joke. We need what, 150k a month just to keep up with population growth? How many people just graduated college this past month, you're telling me they all found relevant work before May?
had to wait until the report so here are the levels for #ES_F $ES_F #SPY to watch 2105 / / 2093.50 / / 2082
Yeah really have to see how we are mid-day. That is the lowest numbers since 2010....which is saying a lot. But this is the markets so it could be 2180 by 11. (joking....but the markets have been so irrational)
honestly i wouldnt be surprised if the markets brush this off, they market just seems so bullish lately, but you are right they are irrational, they could easly sell this down to 2080 levels, in which bulls need to watch out.
I think the rally will continue, because the dollar going to stay down, and oil going to continue going up
This is the kind of news that makes people wanna short and stay short. To me the market fallout should be back to 2050 at the least. The Fed manipulation over the years and ongoing is getting to the point where this market is hanging by a thread from a major collapse. Raise the f'n rates already, let savers save, and think about mainstreet for once.
