yea it really hits home with me because i started trading/investing at the end of june 2015 , so me the n00b walked right into that august 24th flash crash fully invested, i had no capital to put to work and i panic sold some of my positions, it really sucks when your new and you walk right into something like that, lol. but that situation has taught me alot, ive come a long way since then, and am constantly working on managing risk as opposed to trying to predict tops or bottoms. and also making sure i always have cash on hand to put to work.
#ES_F $ES_F #SPY levels to watch 2116.50 / / 2105 / / 2093.50 / / 2082 #Crude #CL_F levels wot watch 46.47 / / 44.78
Yeah looks like the Brexit vote might have completely taken rate hikes off the table, allowing good news to be treated as good. Bad is good, good is good, perfect setup for the bulls to finally set new ATH. Come on bulls, if you can't set a new ATH off this momentum then I don't think you have much hope.
yep i'd almost call this a goldilocks scenario ... i think we can all agree that the UE # is the mother of all econ. data points ... and if this can't get us to new highs then i seriously don't know what will this was the largest NFP headline beat to expectations since 2009 apparently ... if there was ever a week to print new market highs once and for all, i think next week would be the week to do it imo just before we get into the meat of ER season
...unless we can do it today lol we're just a measly 10 handles away from at least a new ATH close (14 handles intraday) nice cash is about to set a new yearly high here
2119.75 was the pre-brexit eth hod ... 24 ticks away ... think that's where we aiming for at least ... we'll see
Just looking the headlines of Financials are the leadership pulling the market up This looks like leadership?
Again overall markets are up. No doubt about that but besides AMZN/PCLN. Just asking who is leading this charge. The headlines they are feeding to the mass Biotech leading/Financials leading/Oil leading (but only on up days...down days shhhhh) Really looking at this weekly and monthly chart for things now a days
Perfect short opportunity on SPY IMO. Less than .5% from ATH. Upside risk is limited with a buy back above ATH close, downside risk is large if this rally runs out of momentum again. Too bad I am already short, oh well at least I can increase my short position some more.
TNX trading at the low of the day. Not everyone is buying into the bull$h1t. I have a feeling in a few weeks the jobs report will be revised...but results put on page 27 next to the obits
Yeah, last months downward revision to 11k is not even being discussed today. May and June together averaged 150k jobs, which is mediocre at best. Still markets brushed off last months bad numbers as an anomoly, and soared on this months beat. Just doesn't pay to short this market, but this is usually how it is at the top of a long bull run.
