Today so far is proof of why I have learned to take things slow and not get overexcited. The ES broke the overnight range but has fallen back into it at 1040. SPY made a run at breaking the 50 day SMA but couldn’t break it. So far, today is following my playbook from last night. The market could certainly bounce here and break the 50 day, but there is also a very good chance now of another whipsaw day.
I’m glad I’m hedged with wide stops and avoiding all of this noise.
I covered my IYT short and replaced it with QQQQ short. I think there is better downside potential in the QQQQs in the short term.
Congratulations on your newly designed blog … it looks terrific.
And another congratulation is called for on having made it on to the Periodic Table of Finance Blogs on the Reformed Broker blog.
Good work.
Traderbean, thinks SRS going up 100%
http://www.traderbean.blogspot.com/
Hey good to hear from you and thanks for the congratulations. Joshua at Reformed Broker is a pretty creative guy.
Also, for those that don't read Stock Chartist, you should. He correctly said to be long when most were faked out over the summer. And before the recent turbulence, he said it might be time to start cutting some long positions.
I would have to see analysis supporting that call. Why not at least wait for it to take out its 50 day MA?
How many times have we seen this kind of thing only for it to go even lower? Think about good ole UNG.
Congratulations on your newly designed blog … it looks terrific.
And another congratulation is called for on having made it on to the Periodic Table of Finance Blogs on the Reformed Broker blog.
Good work.
Traderbean, thinks SRS going up 100%
http://www.traderbean.blogspot.com/
Hey good to hear from you and thanks for the congratulations. Joshua at Reformed Broker is a pretty creative guy.
Also, for those that don't read Stock Chartist, you should. He correctly said to be long when most were faked out over the summer. And before the recent turbulence, he said it might be time to start cutting some long positions.
I would have to see analysis supporting that call. Why not at least wait for it to take out its 50 day MA?
How many times have we seen this kind of thing only for it to go even lower? Think about good ole UNG.
I covered my IYT short and replaced it with QQQQ short. I think there is better downside potential in the QQQQs in the short term.
I covered my IYT short and replaced it with QQQQ short. I think there is better downside potential in the QQQQs in the short term.
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Congratulations on your newly designed blog … it looks terrific.
And another congratulation is called for on having made it on to the Periodic Table of Finance Blogs on the Reformed Broker blog.
Good work.
Congratulations on your newly designed blog … it looks terrific.
And another congratulation is called for on having made it on to the Periodic Table of Finance Blogs on the Reformed Broker blog.
Good work.
Traderbean, thinks SRS going up 100%
http://www.traderbean.blogspot.com/
Traderbean, thinks SRS going up 100%
http://www.traderbean.blogspot.com/
Hey good to hear from you and thanks for the congratulations. Joshua at Reformed Broker is a pretty creative guy.
Also, for those that don't read Stock Chartist, you should. He correctly said to be long when most were faked out over the summer. And before the recent turbulence, he said it might be time to start cutting some long positions.
Hey good to hear from you and thanks for the congratulations. Joshua at Reformed Broker is a pretty creative guy.
Also, for those that don't read Stock Chartist, you should. He correctly said to be long when most were faked out over the summer. And before the recent turbulence, he said it might be time to start cutting some long positions.
I would have to see analysis supporting that call. Why not at least wait for it to take out its 50 day MA?
How many times have we seen this kind of thing only for it to go even lower? Think about good ole UNG.
I would have to see analysis supporting that call. Why not at least wait for it to take out its 50 day MA?
How many times have we seen this kind of thing only for it to go even lower? Think about good ole UNG.