Haha during the financial crisis, the first thing that I did in the morning was turning on CNBC. I was still a student back then and wasn’t really actively trading, but for whatever reason I kinda liked to watch those guests and hosts kept guessing the bottom or calling the indexes to go much lower, etc. I actually watch a lot less CNBC during the bull market Now I just have basic TV cable services and so I just pick some clips to watch on the CNBC APP when I get a chance. Now I am watching Bloomberg a little more since they offer free steaming Anyway, it was great that you uploaded some of these videos Cy, once in awhile I still like to search for something related to the financial crisis to watch or to read
Wow, just stumbled across this bit of stat at the close... The SPX is currently w/o a -1% one-day decline of 108 trading days. If tomorrow does not end down at least -1% it will tie the streak that we had set just last March at 109 trading days w/o said -1% one-day decline. That said, this is not even close to the "record" of 184 trading days that was set back in 1963. But, wait! There's more. The SPX is w/o even a -0.60% one-day decline in 96 trading days, which easily blows past the prior record back in 1945. Amazing.
Good Wednesday morning to all. The pre-market thread has been posted- <-- click there to read! Have a great trading day in here to everyone.
made my 1st futures trade today on /ES....made $112.50...in about 5 minutes...lol I think I like this better than options...
any takers on here for where we might actually pause a bit (or dare I say even "pullback" a little?) if even just a one-day event at the bare minimum? the streak for the longest run w/o even a -3% pullback continues...we're now in day 445 which obviously smashes the previous record. this is the 2nd longest running bull of all time. nothing goes in a straight line up forever (albeit, the past 15 months sure has seemed that way ) there will be a pullback (and a meaningful one at that, not just a one-day event) at some point, not a matter of if but when. having said that however, it does seem inevitable to me that we would go up to tag 3000 on the cash s&p before any major correction. it's really just phenomenal (at least imo anyway) what we're witnessing with this market right now, and especially after the record breaking year that 2017 was... in all the days the spx has closed up this year has been a closing ATH as well. this is the most ever for any january on record. here's a chart that shows the next 3 month performance of the markets on a % basis when there were 12+ closing ATHs in a single month. it usually has meant even more upside for the exception of 1961.
I'm a scalper at heart, so I don't know why I didn't start trading futures earlier. Already up $350 for today....lol...I'm loving it.
are we actually getting some pullback here? interesting reversal, but we have seen this before ... BTFD to save the day?
I think we are just overbought and have gone up too much and too fast, some are citing the global trade war concern but I am not sure if it is the reason
any of you guys do market profile for the /es futures? i'd be curious to hear if we have any meaningful excess on today's profile. plus we have the ATH made in the RTH session. but i'd be really interested to hear how many ticks of excess we have on the high today. i'm sure the shadowtrader guys will mention it as well.
