This is why I don't make a bet before a big event anymore. Regardless of how big a surprise, prices will be right back where they were in short period of time and then you can make your bet knowing the outcome of the big event.
Woke up late and just now looking at my streamer...Am I dreaming? BAC up over 5% and S up over 12%...The sky was falling last night
Can anyone explain what is going on? How do you go from 5% down market wide to positive territory? It didn't even take a day to recover. Is this a chance to get out before things get ugly again? I am 75% out anyway so I will just keep what I have knowing these markets are ""rigged" anyway
Markets were surprised with the Trump steamroller. As things move along, we will get a clearer picture.
I think rigged is they keyword. When markets blatantly insult your intelligence, it points to a rigged system. The gracious Trump speach helped, but come on it's Donald Trump, gracious won't last long.
defense stocks flying high today too. biotech and defense stocks are the winner today. LMT up 5% RTN up 7%
I've learned my lesson. No more directional play. My account is getting killed today. Went to bed last night thinking I'd wake up a rich man and woke up a poor man. Even though Trump was elected just as I suspected. It's time to just be mechanical. Forget thinking you can figure out this market and just trade mechanically.
Pulling the trigger and shorting SP at 2146. Wouldn't be the first time I lose money trying to short this market.
By the way, when the futures market hits lock limit down, is there any reason not to buy futures? How can you lose money?
Maybe Wall Street doesn't hate Trump all that much Biotech, coal, and bank stocks are doing really well. I thought medical device stocks would do well with Trump in the White House but they aren't doing so hot today
Some Elliott wave guys were saying 2080 was the bottom; Rock mentioned the Wyckoff spring yesterday. Look at that volume today. In light of the Dow transports too. It's strange funny that the futures were so volatile, but regular hours has just continued what the last 2 days started.
Yes futures did a 180 from last night and the market didn't fall off a cliff. Financials are hot right now on heavy volume. The same goes for Heathcare. I was ready to jump on some oil plays thinking that oil might sink down below $40 in the next few sessios
I believe the thought process was "Well we just put the first African-American into office, let's do the first woman! Yeah!" The whole thing made me shake my head.
Yeah man, that Wyckoff Spring is powerful signal. I found it bizarre to watch the overnight futures market go into crazy panic mode like that - at the end of the day it was just THEFT.
