FOMC Tomorrow and the Markets Will Be On Edge. It isn’t likely that Jerome Powell is going to cut rates, or then maybe he will, considering Trump is thinking about demoting him. Whatever the case, the market isn’t expecting a rate cut tomorrow, and if the market does what it did at the last FOMC,
Stocks pulled back for two days, but trying to bounce today. The volume in the market is quite low, which has, for all of 2019, been favorable for the bulls. Yesterday’s end of day sell-off didn’t provide any kind of belief that the bears would follow through into today. And there you have it, the
I don’t expect this dead cat bounce to last for very long. I am currently holding three long positions – one of them I am for sure going to sell before the end of the day with UPRO, and the other two being swing-trades that I expect to sell as early as tomorrow, but hopefully
This time last week, there was little reason to even think about shorting this market. Over the last two days though, the bears have grabbed hold of this market and wiped out over a month of gains for the bulls. Essentially it’s the stairs up/elevator down theory taking place here.
Let’s drop this market 40 points why don’t we? How about 50? Hold my beer…let’s make it over 60 SPX points to the downside! That’s the kind of numbers the S&P 500 futures market was printing overnight – in fact it looked like it was going to be a real blood bath today.
I’m pretty sure the title to my post perfectly captured the sentiment of bears far and wide. It is a “why even bother shorting?” kind of market. And it has been a while since I pulled the trigger on a short setup in the Swing-Trading Splash Zone. And I don’t have any plans at the
The All-Time Highs for the first time since September 2018 Honestly, I feel like this market is stuck on the Chumbawamba, I Get Knocked Down song on loop. This market simply shrugs off everything in its path. You have to wonder at what point, if this market continues marching higher that the Fed won’t revisit
That is pretty much the only semi-reason to short this market right now. Yes it is a dull market (until today), but you never want to short a dull market. It’ll take you to the cleaners every time. Now today, the bears are getting squeezed into covering their positions as the market continues marching
The volume today is actually worse than any day last week. I thought we might see the buyers get interested or maybe the sellers – or somebody. But still the volume issues in this market continues to plague it and unable to mount a sizable rally or sell-off of any kind. A +1 or -1
Easter and Good Friday this week provides us with only a four-day week for swing-trading. I love a good four-day week of trading. And with Good Friday the market gives us an extra day to enjoy the holiday weekend. It is especially needed after the slow start that April has been so far. Sure we