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Small gap up, within yesterday's range, so the gap might be filled.
The Global ES may or may not be forming a Double Top, let's wait and see. My guess is, Double Top or not, bulls may need take a breath here, perfectly a consolidation or small pullback, before going further up. Sharp pullback would make things a little bit more complicated.
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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.
Since this has been formally published, I will re-post it here just so traders step away from trying to call a few points move and think about the big picture a little bit more.
The last 13 years, the following has occurred:
-- Tech bubble burst
-- 9/11 attacks
-- Iraq War
-- Housing bubble burst
-- War protests
-- Occupy Wall Street protests
-- Financial crisis
Do you really think this can last forever? Yes, we are on record calling for an eventual mega-boom in stocks, which has likely already begun as the market breaks out, which should last anywhere from 8 to 20 years.
gasprice wrote:Since this has been formally published, I will re-post it here just so traders step away from trying to call a few points move and think about the big picture a little bit more.
The last 13 years, the following has occurred:
-- Tech bubble burst
-- 9/11 attacks
-- Iraq War
-- Housing bubble burst
-- War protests
-- Occupy Wall Street protests
-- Financial crisis
Do you really think this can last forever? Yes, we are on record calling for an eventual mega-boom in stocks, which has likely already begun as the market breaks out, which should last anywhere from 8 to 20 years.
Just a day trader here, lookin for a little dip to buy. This board makes me a good one too. GLTY.
‘the petrodollar is our currency and our problem’....Gappy
gasprice wrote:Since this has been formally published, I will re-post it here just so traders step away from trying to call a few points move and think about the big picture a little bit more.
The last 13 years, the following has occurred:
-- Tech bubble burst
-- 9/11 attacks
-- Iraq War
-- Housing bubble burst
-- War protests
-- Occupy Wall Street protests
-- Financial crisis
Do you really think this can last forever? Yes, we are on record calling for an eventual mega-boom in stocks, which has likely already begun as the market breaks out, which should last anywhere from 8 to 20 years.
No offence here but the topic of this forum is daily and intraday trades. Typically we try to share ideas in non-preachy way.
gasprice wrote:Since this has been formally published, I will re-post it here just so traders step away from trying to call a few points move and think about the big picture a little bit more.
The last 13 years, the following has occurred:
-- Tech bubble burst
-- 9/11 attacks
-- Iraq War
-- Housing bubble burst
-- War protests
-- Occupy Wall Street protests
-- Financial crisis
Do you really think this can last forever? Yes, we are on record calling for an eventual mega-boom in stocks, which has likely already begun as the market breaks out, which should last anywhere from 8 to 20 years.
We get it, you're long and strong and will be for the next 8-20 years.
gasprice wrote:Since this has been formally published, I will re-post it here just so traders step away from trying to call a few points move and think about the big picture a little bit more.
The last 13 years, the following has occurred:
-- Tech bubble burst
-- 9/11 attacks
-- Iraq War
-- Housing bubble burst
-- War protests
-- Occupy Wall Street protests
-- Financial crisis
Do you really think this can last forever? Yes, we are on record calling for an eventual mega-boom in stocks, which has likely already begun as the market breaks out, which should last anywhere from 8 to 20 years.
No offence here but the topic of this forum is daily and intraday trades. Typically we try to share ideas in non-preachy way.
I can open a forum specifically discussing long-term investment topics, should someone be willing to lead the forum.
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.
gasprice wrote:Since this has been formally published, I will re-post it here just so traders step away from trying to call a few points move and think about the big picture a little bit more.
The last 13 years, the following has occurred:
-- Tech bubble burst
-- 9/11 attacks
-- Iraq War
-- Housing bubble burst
-- War protests
-- Occupy Wall Street protests
-- Financial crisis
Do you really think this can last forever? Yes, we are on record calling for an eventual mega-boom in stocks, which has likely already begun as the market breaks out, which should last anywhere from 8 to 20 years.
Thanks for the info gas...but this is not a "buy and hold" crowd on this board....there will be another bear market at some point...and most people on here would rather trade it on the downside rather than hold a bunch of losing positions...thanks for your advice...but we'll just focus on the short term trades, thank you...
gasprice wrote:Since this has been formally published, I will re-post it here just so traders step away from trying to call a few points move and think about the big picture a little bit more.
The last 13 years, the following has occurred:
-- Tech bubble burst
-- 9/11 attacks
-- Iraq War
-- Housing bubble burst
-- War protests
-- Occupy Wall Street protests
-- Financial crisis
Do you really think this can last forever? Yes, we are on record calling for an eventual mega-boom in stocks, which has likely already begun as the market breaks out, which should last anywhere from 8 to 20 years.
No offence here but the topic of this forum is daily and intraday trades. Typically we try to share ideas in non-preachy way.
I can open a forum specifically discussing long-term investment topics, should someone be willing to lead the forum.
I'm generally a longer term investor so that would be awesome for me, but I also know why I read this forum...for market color on the now and immediate basis.