Al_Dente wrote:1) do we need to worry about the PA elections tonight?
2) what kind of reversal day is this?
(recall what cobra says about engulfing days)
Yes Professor Dente. We recall.
..Part of why scooping shares for the remainder of the week rather than pushing shorts feels more optimal just now.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Al_Dente wrote:1) do we need to worry about the PA elections tonight?
2) what kind of reversal day is this?
(recall what cobra says about engulfing days)
Yes Professor Dente. We recall.
..Part of why scooping shares for the remainder of the week rather than pushing shorts feels more optimal just now.
Professor Dente.
How about the elections, Captain
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Oh it is a humdinger of a bearish engulfing day. BUT it is triple witch and the Friday break out as well as this mornings first move were driven by carefully crafted statistics and interpreted as good by the algos. The bulls badly need a pull back to suck in some shorts.
Special elections this far out can not be interpreted. As Trader's Almanac points out this month the state of the economy at the time of the elections this fall is the most important factor by far. With the siloization of news delivery by tribe in this country the results of one or two races will be spun out of recognition the second the polls close, and come November no one will remember what was said.
Al_Dente wrote:1) do we need to worry about the PA elections tonight?
2) what kind of reversal day is this?
(recall what cobra says about engulfing days)
Yes Professor Dente. We recall.
..Part of why scooping shares for the remainder of the week rather than pushing shorts feels more optimal just now.
Professor Dente.
How about the elections, Captain
How bout dem elections! I'm all for 'em. Bring em on! Everyone loves a good election.
But.. nothing matters but Earnings and the multiple the Market is willing to assign to them.
Al_Dente wrote:1) do we need to worry about the PA elections tonight?
2) what kind of reversal day is this?
(recall what cobra says about engulfing days)
mind BOJ 7:50 pm ET and.. watch those FTSE DAX long term trend lines.. and Nikkei.. those go.. look out below.. elections won't matter