The Markets are jumping UP and Down like a CRAZY RAT and it Will continue until it stops. mouse.gif
Does anyone else feel like the market is going to crash this week?
The Markets are jumping UP and Down like a CRAZY RAT and it Will continue until it stops. mouse.gif
Not certain what it will do, but momentum indicators indicate downward... then again, any good news could change that. I am not entering until Stochastic goes down to at least 20 and then starts to cross back up...
PS..I also look at NYSE cumulative volume....looks to be going down right now, but again... it too can reverse on a dime. It does seem to lead at times.
nyud cumulative.jpg
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
oh... and more importantly, we broke uptrend on Weekly chart and no longer have higher highs and higher lows on S&P 500. Two weeks back we had a lower high and last week we established a lower low. That looks to be at least a short-term down trend. Will see.....but, but, but....Per Ira Epstein, who uses "swinglines", we will not break uptrend if S&P dies not drop below 2935....hummm...... plus he noted that Bollinger bands are starting to roll over...interesting video Nnuut posted Saturday on the Ira thread... Thanks Nnuut!
SPX now.png
Don't take my comments as trading advice /IFT: 4-24-24=50G- 50C https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Made back most of what we lost on Friday. I'll take it.
Looking at refinancing my home from 4.875% to 2.65%. That's gonna save alotta cheese!
Uber buys Postmates for $2.65B... might have to look at buying Uber stock now. Makes me think, Amazon started out as a book store. Uber started out as a taxi service. Now food delivery, maybe opening the door to package delivery, which is a massive and growing industry. Uber could be on the up and up with this one. I like it.
Looking at their financials now and they are not pretty. Never turn a profit, always operating at a loss, and burning through cash fast over the last 9 months. They need to figure out how to operate in the green or they won't last. Maybe the Postmates acquisition fixes that, who knows.
IFT today, taking half out. 50 G 50 S. I'm predicting we get some pretty terrible COVID numbers in the coming days due to all the 4th of July parties. Hope I'm wrong, but being cautious here.
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
Bought Crowdstrike. Now about 82% invested in my etrade account, and 50S 50G in TSP.
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EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
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