Agreed. Last couple days, I have put in orders of SDS and SH (fortunately they were not filled). Everyday it feels like the market will take a breather now and yet it keeps making new highs.
A little late with this ... sorry ... busy day here. Here are tonight's and tomorrow morning's ERs After Market Close Today: ($AMAT $CSCO $ABX $NTES $MRO $TRIP $NTAP $MAR $GDDY $CC $SPWR $GG $KHC $CBS $CF $CAR $WMB $XEC $KGC $CLD) Before Market Open Tomorrow: ($MGM $GNC $SHPG $ALXN $CHTR $HIMX $WM $WEN $DUK $AVP $ECA $BAK $MPEL $CAB $H $ZTS $BCOR $TPX $NCI $NICE)
So far the Asian markets not really following our rally here, is it a sign that we will finally have a pause tomorrow?
Are you kidding? This market only knows one direction. Up. Buy buy buy! Sell your kids and buy stocks. You can't lose at these levels. You don't want to miss this rally, do you? Buy buy buy!
I drew this trend line last night. I couldn't really see anything that looked like a top was coming, and couldn't draw any trend lines based off of the top parts of candles. So I took this channel and started it from the two bottom dips to see if it might tell me where this climb would run into resistance. I'm rather proud of this, even though I realize it may not last. But look at this hourly chart. We stopped almost exactly at my trend line! Last night I tried to figure out where the numbers on the trend line might be today and I came up with 2150'ish, because it was rather imprecise. So I shorted pretty big there today. Now I can't figure out if I want to take my small profit after hours, or risk more. Because as everyone knows, even if this trend line acts as resistance, we can bump up against it and keep heading up for some time. Hrmmmm, what to do.
So thanks to these guys... http://www.zerohedge.com/news/2017-...ltdown-here-reason-markets-inexplicable-surge Jk they weren't the only ones who got squeezed like no ones business...I am still short 25% of my NDX but it's a lost cause for...we may get back to 5175 eventually. I have moved back to some forex.
Peter @ Shadowtrader was saying on today's broadcast how we could be getting close to the inevitable blow-off phase. IDK, I'm still not sensing the euphoria quite yet where everyone and their cousins are in this markets. That being said, I do think it's closer now than ever before, but we could still have a long way to go until we actually reach that point of capitulation from all the bears. That said, I know I had brought this up in here the other day, but I do think we are definitely starting to see some optimism creep into this market which is something I really haven't been able to say in a super long time. But, as far as the euphoria goes. Nah, I still don't think we're there quite yet IMO. Or at least not to the levels that I remember from past blow-off phases. Cue the tech boom and inevitable crash. Yes, there is some euphoria out there but it's not overly excessive yet. I'll be honest, I did not see this coming latest rip coming. I thought we would consolidate here before the next small bump up again. But, nothing like we are seeing right now. Instead, we just ripped faces off w/o any breather/pause. I'm flabbergasted that we're already here at 2350 today. In fact I had a market price poll going over on my groups section at the start of the year, and admittedly I did not think it was going to resolve to 2350 and in February no less. Amazing. Eventually the bears time will have their time again, but for now this Groundhogs Day of a market as I like to call it continues for a little while longer. I think once my mother who knows absolutely zilch about markets, starts talking about stocks again that will be my cue that this bull rally is getting very close to concluding.
yea this rally has been pretty orderly, doesnt mean it cant stop without a blow off top, but as of right now there is no reason for it to stop. hell, have we even had a 1% up day at all this year?
Good morning Stockaholics! Here are your pre-market stock movers & news on this Thursday- 2/16 Thursday Market Movers & News: WEN, TIME, ALXN, AVP, GNC, TPX, CSCO, CBS, TRIP, KHC, MAR, MCD <-- click there to view! Happy trading day to all of you in here. Hope y'all make some good $$$ today!
Fabulous press conference by Trump today. I loved it. It was the best. Probably the greatest. And the market didn't shoot up after he stopped speaking. Make press conferences great again!
Finally a down day The 10 year yields seem to have trouble to stay above of 2.5%, it just come right back down pretty much every time it hit around 2.5%
Any link to the Trump press conference? [edit: Found this other news instead: http://www.bbc.com/news/world-us-canada-38991171
Here are a couple of the companies coming out with ERs after today's close and before tomorrow's open. After Market Close today: ($PI $AUY $ANET $AIRG $CGNX $ORC $TRUE $WBMD $CYTK $TRN $ED $RARE $TTD $DVA $NUS $LOPE $MDRX $KEYS $WWAV) Spoiler: CLICK HERE FOR THE EARNINGS TIMES & ESTIMATES! Before Market Open tomorrow: ($DE $VFC $CPB $SJM $FLR $MCO $SE $B $CTB $AAN $WBC $XRAY $ROCK $RWLK $GVA $LPNT $IMGN $RUTH $GOL) Spoiler: CLICK HERE FOR THE EARNINGS TIMES & ESTIMATES!
