What a day, trend green all the way, mean while people think 390 is far fetched for the month. I love when people really think they know what’s going to happen, I don’t have a clue like I’ve said before I know nothing. I’m haven a difficult time writing up this analysis I want to address a comment from this weekends post but the person can’t even complete full sentences so I’m not going to bother with it other then this rant. If you don’t agree with what I post then move on there’s so many bull, bear and neutral post to fulfill any bias you have.
So now that we had a nice run today some would call it a dead cat bounce I would say people want a bargain on price. Volume was low today and it ran pretty good. This week would be the best shot for bulls to take over for a little bit before CPI comes out next week. So call it what you want momentum is on the bull side. If some bad news comes out it will turn on a dime. I think it’s interesting that the UN came out asking the fed to stop raising rates, that’s pretty bad. Hope people didn’t get crushed today trying to short the top that’s a good way to blow up the account. DON’T FIGHT THE TREND I know it’s hard to do but step back and readjust. As always trade what’s in front of you good luck
Tomorrow’s post will be better it’s Monday trying to finish a book I just started “best loser wins” so far so good I recommend it
So now that we had a nice run today some would call it a dead cat bounce I would say people want a bargain on price. Volume was low today and it ran pretty good. This week would be the best shot for bulls to take over for a little bit before CPI comes out next week. So call it what you want momentum is on the bull side. If some bad news comes out it will turn on a dime. I think it’s interesting that the UN came out asking the fed to stop raising rates, that’s pretty bad. Hope people didn’t get crushed today trying to short the top that’s a good way to blow up the account. DON’T FIGHT THE TREND I know it’s hard to do but step back and readjust. As always trade what’s in front of you good luck
Tomorrow’s post will be better it’s Monday trying to finish a book I just started “best loser wins” so far so good I recommend it
