Transports and small caps are deep into correction and not that far away from a bear market territory
US 30-year Treasury yield falls to new historic low https://www.cnbc.com/2019/08/15/us-...-falls-below-2percent-for-the-first-time.html Pretty amazing that rates didn't even hit that low when the FED was doing QE
Well the market was still green when I was cooking some food to eat, but now it is deep in the red Is it the bonds market again?
Economic data looked pretty good this morning, but I guess it doesn’t matter when the market thinks the recession is coming It was a troubling sign to see yields going down despite the solid data
GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron’ https://www.cnbc.com/2019/08/15/ge-...polos-raises-red-flags-on-its-accounting.html This iconic company continues to struggle
I added in at 2833. I bought all long positions non-above 2900. I expect the SPX to rally above 2900 at some point. I will decide what to do at that point. It's at 2888 now. Friday
ding ding ding! and that's a wrap to the week! hope everyone had a good trading week! thank for all the great contributions from everyone in here this week! have a wonderful weekend and we'll catch y'alls back at it here same bat time, same bat channel monday AM!
