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SBC

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I will laugh if mkt will to return all its gain today.
 

MrHighlander

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Just saying will talk, and then surge again

Market is a bubble

Check out what Michael Burry says
 

DukeCS33

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A mere mention that talks may resume in October set off the SP futures and what follows would be a gap up when the S&P opens later. Recall that 2 sessions earlier, I flagged that the selling in the S&P showed signs of buyers absorbing.... we would need to see volume backing this break higher above the 2950 - so lets see if the price rally may sustain.
Personally, I do not see Oct talks resolving any issues so from a macro perspective, I am wary about participating in this rally.... If I am already long, I would put a trailing stop to protect profits but if I am not in the market, I would stay out. That said, my bias tonight would be long but would book quick profits. I suspect that the stocks that I intend to day trade would gap up and therefore there may not be ideal entry points.
 

littleredboy

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He's proven to the world that his tweets can send the economy flying everywhere. He's preparing to do it to Europe now. Interesting times ahead to Xmas!

A mere mention that talks may resume in October set off the SP futures and what follows would be a gap up when the S&P opens later. Recall that 2 sessions earlier, I flagged that the selling in the S&P showed signs of buyers absorbing.... we would need to see volume backing this break higher above the 2950 - so lets see if the price rally may sustain.
Personally, I do not see Oct talks resolving any issues so from a macro perspective, I am wary about participating in this rally.... If I am already long, I would put a trailing stop to protect profits but if I am not in the market, I would stay out. That said, my bias tonight would be long but would book quick profits. I suspect that the stocks that I intend to day trade would gap up and therefore there may not be ideal entry points.
 

MrHighlander

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Btw does anyone think Trump is massaging the jobs, PMI numbers by exerting pressure on government agencies ?

I mean, he is doing it with the Fed. Maybe he is doing it with other Govt agencies in the background
 

peacefulday

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Traders, what has been your experience been last few weeks? Do you find that shorting tends to be more profitable? I have seen few stocks sustaining rallies to the upside while the shorts have been hitting profit objectives much quicker and with higher hit rates. I guess this is kind of showing in the main indices where within the establish trading ranges, sells offs have been more violent while stocks are struggling to rally and often not as fast. Is this a sign of a topping?

Back to the same question. Picked one 2 week ago when the mood of the night extremely negative. A quick gain +5% as on last Fri, got hammered off -3% (2%) Tues when Dow reopened, +1%(3%) last night and tonight it started race up 4% (at a total 7+% yield as of writing). My think is both short and buy up camp win. The loser is only the indecisive one and tend to get wrong move :o
 

Mecisteus

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Guys it is the US presidential 3rd and 4th year.

Past statistics showed these 2 years will be good years for stocks. =:p

As US market continues to sky rocket, just sell progressively.

I just sold some semi stocks. Semi stocks are near record high now.
 

DukeCS33

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Back to the same question. Picked one 2 week ago when the mood of the night extremely negative. A quick gain +5% as on last Fri, got hammered off -3% (2%) Tues when Dow reopened, +1%(3%) last night and tonight it started race up 4% (at a total 7+% yield as of writing). My think is both short and buy up camp win. The loser is only the indecisive one and tend to get wrong move :o

Indecisive type cannot trade. In trading, especially in day trading, one needs to be quick and decisive and a moment of hesitation could often mean lost opportunity and the key difference between finishing in the green or red for the day.
 
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