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Flat open, so any gap will be filled. I think after a few days run, it's time to take a breath now.
Global ES is stalking the same story, I read the current pattern as consolidation, potential rising wedge in the forming though.
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This Bitcoin thing is fascinating. I heard about them a while ago but dismissed them as something people used to purchase sketchy things they didn't want to be tracked for. Interesting chart here.
the AAII survey had one of its wildest swings ever this week: bulls went from 35 to almost extinct 19 and bears went from 26 to skyrocketing 54. this result was not mirrored by the II survey which barely moved but can explain where did the fuel for the recent rise came from. on a longer time frame equities are extremely stretched valuation wise compared to the world's economic state.
Anyone else short here? I took a small short position in TNA yesterday based on the extreme overbought conditions and the fact that smallies have been under-performing. Lets see how it turns out. Not planning on holding this for very long as the overall trend is up......
L_T wrote:Anyone else short here? I took a small short position in TNA yesterday based on the extreme overbought conditions and the fact that smallies have been under-performing. Lets see how it turns out. Not planning on holding this for very long as the overall trend is up......
Bearsoul here. Will hold til manana retail sales report, hope to break even and give that soul up to the ghost and never short the Ponzi again. Or not.
‘the petrodollar is our currency and our problem’....Gappy
L_T wrote:Anyone else short here? I took a small short position in TNA yesterday based on the extreme overbought conditions and the fact that smallies have been under-performing. Lets see how it turns out. Not planning on holding this for very long as the overall trend is up......
L_T wrote:Anyone else short here? I took a small short position in TNA yesterday based on the extreme overbought conditions and the fact that smallies have been under-performing. Lets see how it turns out. Not planning on holding this for very long as the overall trend is up......
short SPY @ 158.66 , I will cover it about 158.0x if I m lucky!
L_T wrote:Anyone else short here? I took a small short position in TNA yesterday based on the extreme overbought conditions and the fact that smallies have been under-performing. Lets see how it turns out. Not planning on holding this for very long as the overall trend is up......
It looks slightly toppy on 5 mins chart but we can still go a little higher.
L_T wrote:Anyone else short here? I took a small short position in TNA yesterday based on the extreme overbought conditions and the fact that smallies have been under-performing. Lets see how it turns out. Not planning on holding this for very long as the overall trend is up......
short SPY @ 158.66 , I will cover it about 158.0x if I m lucky!
typical higher high after big up day. today should be boring.
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"Global PC shipments slumped 13.9% on year to 76.9M units in Q1, estimates IDC, which blamed the introduction of Microsoft's (MSFT) Windows 8 for the drop. "The Windows 8 launch not only didn't provide a positive boost to the PC market, but appears to have slowed (it down)," IDC said. H-P (HPQ) was the market leader even though its share fell to 15.7%, while Lenovo (LNVGY.PK) came in at number two and Dell (DELL) at number three"
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.