Yeowwwwww
Short china FXP jumped to the top of my NARROW watch list, best performer INTRADAY ONLY
I guess nobody cared about the stimulus?
Here’s more china chatter I've been reading, if u r interested
OR. nothing to say, wait for breakout, could be on either side.
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Took small profits on my shorts..It took to long this time to show an average out profit..Looking for more and different stocks..I also have a feeling the mkt may go up a bit befor pulling back..But lets see.
Been scalping with a hedge but starting to creep in long at new lows.
My technicals are softening but still have the longer term trend as up.
Should be a fair amount of support between SPX 1390-1400.
Would go back to neutral if that fails.
Seems reasonable that we may get a short covering some time next week prior to Jackson Hole.
Today's close will be telling.
Another round of QE would drive the price of corn and oil through the roof, just the opposite of what you want to do in a weak or recovering economy. Why would the Fed launch more QE when the markets are at multi-year highs also? I just do not understand the logic of wall street, or is it all just a massive load of BS to get prices at this level so they can sell.
sloth wrote:Another round of QE would drive the price of corn and oil through the roof, just the opposite of what you want to do in a weak or recovering economy. Why would the Fed launch more QE when the markets are at multi-year highs also? I just do not understand the logic of wall street, or is it all just a massive load of BS to get prices at this level so they can sell.
sloth wrote:Another round of QE would drive the price of corn and oil through the roof, just the opposite of what you want to do in a weak or recovering economy. Why would the Fed launch more QE when the markets are at multi-year highs also? I just do not understand the logic of wall street, or is it all just a massive load of BS to get prices at this level so they can sell.