Mostly due to currency I think since both Japan and Germany are big exporters, so they don't do as well when the Euro and the Yen are strong like they have been recently
I tried to play both sides of it with the 3x S&P etf's I wasn't quick enough for the first move but did pretty good on the sell off.
2 head fake days in a row. man ive done a good job of not doing anything. the vix is still pretty elevated compared to last year, im not good at shorting, i mainly play long, so doing nothing these past few days has paid off for me. it might be time to dump AT&T , yields are on the move, and if they really plan on upping the hikes, we could see some sharp moves this year. might be time to look at banks.
Probably going to be a learning curve for me if rates keep rising, have never traded in an environment when rising rate is a concern
whelp we're right at halfback of yesterday's range here ... anyone else thinking this pop gets faded again eod?
O.K. Guys, forgive me but I am going to ramble a bit here. In fact, as a tribute to Mark Vierra, I think I'll have a beer while I write this. I have been trading for a few years now and I have never seen the markets react so well to very simple technicals before. Really basic technical triggers can work surprising well for day traders lately. For me I think simple ma's, standard bb's, 3 point trend lines, and price pivots have never worked better. Look at the daily SPX today: It's been testing the ma's and price resistance all week. IMO, more importantly it is also working off its over bought condition. Also notice how we bounced off the ma(200) straight up to resistance. If you want to see just how precise these level are, just take a look at the 5m chart today: I use the intra-day BB's for over bought/over sold triggers, the ma's for trend, ma(9) early in the the day for pull backs and later the ma(20) FWIW..I pretty much only trade stocks that are low float and have momentum, so maybe it won't work on other tickers. maybe test this out and see how it works for you, but for me the stats just don't lie lately.
i hope everyone made out good this week! thx again for all the great contributions in here. i can't believe next week will be month end. this year is just flying.
Ripping higher. “The Fed has come out and made an announcement basically reinforcing the idea they are still on track for three rate hikes this year, which had been their forecast before we got some of the increased inflation news over the last month,” said Alec Young, managing director of global markets research at FTSE Russell in New York. Fed Chair Powell’s first public outing will be on Tuesday, when he will testify separately before the House and Senate committees.
Fed chief Powell's testimony to House panel changed to Feb. 27 https://www.reuters.com/article/us-...o-house-panel-changed-to-feb-27-idUSKCN1G71QW Some of you might know this already, but I guess it is good to post it here and let everyone know that the Powell's testimony moved from next Wednesday to next Tuesday
