Stock Market Today: February 20th - 24th

I guess I will root for the Dow to close green tomorrow then but only slightly up since I took most of my long positions off the table

 

fixed that for you

 

Ok, so the daily doji here on the /es makes me think we're going to be flat to down for right now. Perhaps until the next big move higher, but I'm planning on that being a few weeks of at least sideways.

The only thing that's making me second guess myself is that we seem to have a new high today, except, is it during the after hours? The hourly candle is half during pre market and half during open market. The half during pre market is when we got into new all time highs.

 

I'd like to see the /es form a megaphone pattern on the hourly by hitting a new high today.

Then I'd go short. Bigly.

 

I say we finish in green today

 

Looks like we missed OLED.
Oh well, guess I'm waiting for QLED.

 

Yields continue to move lower, looks like the market is further pricing out the chances of a hike in March. Looks like the winning streak for the Dow will end today

 

I'm going to go out on a limb here.

The hourly candlesticks are looking bullish.

So, I'm going to be a contrarian and say we see a yuuge sell off at the end of the day. And by yuuge I mean larger than four points.

 

Yeah, XLU and IYR have been too good lately if there was going to be a hike.

 

Looks like the bulls are laughing at me.

 

I spoke too soon about the Dow, maybe the bulls will find a way to push the Dow into green This is one resilient market, will see if Trump will move this mark t on his speech next Tuesday

 

Remind me not to make predictions anymore.