According to my theory, if a person purchased at 2850, a person should be able to minimally break even--but more than likely profitable AS A SWING TRADER
Fluor tumbles nearly 13% after company projects disappointing revenue https://www.cnbc.com/2018/10/10/fluor-tumbles-after-company-projects-disappointing-revenue.html Another industrial company warned on earnings after PPG yesterday, could put some pressure on the sector tomorrow or even the overall market.
looks like nazzy futures fell another -1% after cash close haven't been able to log in to ToS all day but a pretty big spike on the vol. index today
Man that sucks, I really enjoyed those videos especially the ones during the financial crisis Did YouTube explain why they disabled your account?
actually, i used the wrong wording there, it wasn't "disabled" but rather "terminated", which means all of my videos that i had collected and uploaded to my youtube channel over the past decade have been completely purged, which means there is no way to ever bring them back. as for an explanation from youtube - it was because my videos were copyright material, which i fully understand, but what i don't get is why do it now? i hadn't uploaded any new videos in the past year or so, they could have done it any other point over the past 10 years, but they decided to do it this year. perhaps it's because this year is the 10 year anniversary of the '08 crash...honestly i'm not sure. pretty disappointing though. the good news? i've kept most of those VHS tapes, and could attempt to re-upload a few of them back in, but i won't do that knowing that youtube may come calling again in the future and kill my videos which would be another wasted effort...unless of course maybe i could set the videos to "unlisted", instead of "public" like they were before. i really don't know if that would help any though.
According to my trading theory, the SPX shall rally at some point to the 2870 level. I've averaged in, including buying another Lot long at 2750. Once the price hits around that 2870 level, I shall have to determine whether to exit fully for profit taking or just profit take a portion. But I can make that decision when the time comes. Again, I am talking as a swing trader and not an intraday trader.
At the 2870 level, I think a lot of traders will be deciding to profit take. And so, it might actually might make sense to exit at that point. But, as I mentioned, according to my theory, the price shall rally to that 2870 level at some point. And then everything will depend on what I see at that point. But, currently, that's the plan. Imagine if we were at 2900 level and going up or non-up by 10 points each day. Not a good spot for meaningful trading. But what we have this week is perfect for strategic trading.
Looks like the significant task for tomorrow might be for the bulls to rally above 2800--all dependent on what happens today, of course. But at this point, that's what I see, according to my theory
