Re: Whipsaw's Account Talk
Quote:
Originally Posted by
Whipsaw
Futures were up until the jobless numbers came in, 6.4M. Now they're headed south. :sick:
Cramer said not to trust them anyways because they were following oil.
Re: Whipsaw's Account Talk
Wow, hate to miss a run like that yesterday, though I do have a position in my brokerage account (listen to me :cheesy:). Looks like C broke through resistance, S had a better day but stopped at resistance. Hmmmm... Bquats chart looks like a huge bear flag.:worried:
Re: Whipsaw's Account Talk
This article is 10 day old, but still makes good points.
https://www.briefing.com/the-big-picture
Re: Whipsaw's Account Talk
Quote:
Originally Posted by
Whipsaw
Wow, hate to miss a run like that yesterday, though I do have a position in my brokerage account (listen to me :cheesy:). Looks like C broke through resistance, S had a better day but stopped at resistance. Hmmmm... Bquats chart looks like a huge bear flag.:worried:
I don't know which is worse. Being on the sidelines during a nice rally or being in equities during a huge drop. Either way, the feeling is still the same...:nuts:
Re: Whipsaw's Account Talk
Quote:
Originally Posted by
Whipsaw
the point that has me stumped re these 2 rallies is "Corporate earnings are going to get clobbered." Won't this in its self rip a new hole into the bottom of the market?
Re: Whipsaw's Account Talk
Quote:
Originally Posted by
wahinepio
the point that has me stumped re these 2 rallies is "Corporate earnings are going to get clobbered." Won't this in its self rip a new hole into the bottom of the market?
This is what I think/thought but I have also have had people tell me that the future earnings are already priced in the current market. Not sure how people can say that with any certainty.....
Re: Whipsaw's Account Talk
Quote:
Originally Posted by
Beester15
This is what I think/thought but I have also have had people tell me that the future earnings are already priced in the current market. Not sure how people can say that with any certainty.....
The guy from Morgan Stanley that was interviewed on CNBC late today made my jaw drop, I wanted to laugh but it was too outrageous to laugh...the interviewer kept pressing him on why he was saying the bottom is definitely in and stocks are a buy, and eventually he finally gave his answer...and with a straight face he said "yes, precisely, we have no idea what future earnings are going to be and that's why I want to take that risk! Stocks are a buy because nobody knows!!!". Uh, OK. OMG, why would anybody trust them with their money?
Re: Whipsaw's Account Talk
Quote:
Originally Posted by
Tsunami
The guy from Morgan Stanley that was interviewed on CNBC late today made my jaw drop, I wanted to laugh but it was too outrageous to laugh...the interviewer kept pressing him on why he was saying the bottom is definitely in and stocks are a buy, and eventually he finally gave his answer...and with a straight face he said "yes, precisely, we have no idea what future earnings are going to be and that's why I want to take that risk! Stocks are a buy because nobody knows!!!". Uh, OK. OMG, why would anybody trust them with their money?
Sounds to me like he got caught pushing an agenda, not providing insight into the Market.
Re: Whipsaw's Account Talk
This may help explain market strength... revisit to the lows? Maybe? Don't fight the FED.
Powell expects ‘robust’ recovery once coronavirus is under control
https://www.marketwatch.com/story/po...?mod=home-page
Re: Whipsaw's Account Talk
So, C fund is just bounced upper Bollinger band, slow stochastic at 90, should see a move back down?
https://bigcharts.marketwatch.com/ad...false&state=11
1 Attachment(s)
Re: Whipsaw's Account Talk
Or...we've already seen the drop and now we're off to the races?
Attachment 45891
Re: Whipsaw's Account Talk
How many trading sessions in a bear flag?