Well the last 30 minutes was ALL selling. In fact, almost half of the day’s gains were dumped in the end. Still a strong day, but not the greatest sign when you see that strong of a change in the last few minutes. I will know more in the morning after I crunch numbers tonight […]
Good morning. I actually shorted again before the market open today. We had a ‘gap up’ this morning (meaning the market opened above what it closed at yesterday) and there is unfortunately still weakness out there. With that said, most of the big guys are waiting for a bounce and surprised we haven’t seen it […]
End of day … the market is super ‘oversold’ … which means all indicators are showing that we should be seeing a bottom now … BUT … With that said … the buying strength is not picking up as of yet. SO … what I am trying to say is that we are close to […]
we are seeing buying starting to happen, but the charts are looking really nasty. I sold some more of my shorts, but I have a feeling we are going to see much lower prices. Probably atleast another 1% drop minimum in my opinion.
I am starting to see some money moving back in now. It looks like we are going to get a pop now. I have covered half of my short positions minutes ago
It looks like today is going to get nasty. 20 minutes into the open of the market and there seems to be no support holding prices up. I think waiting to buy a bit longer to go long is a good thing. We need to see some strength which just isn’t there right now
A reader asked what my crystal ball shows … If I knew … I’d be a lot richer !!!! 🙂 It is a VERY uncertain time. Most of the people I follow are sitting in cash right now waiting for some direction. And I’ll be honest … I’m starting to think that is the […]