Watch the U.S. dollar currency closely. If it closes below 75, it could go down to 71 area in the horizon. Which means the market could still have leg to go higher from here
On Friday, I will make the first post on the blog. But I will not be participate anymore after that on that day. I want to enjoy with my family for the holidays. You are welcome to write after my first post on Friday.
The volume will be light on Friday. The specialists and the daytraders will be there. It will be be dogs eat dogs world.
Watch the U.S. dollar currency closely. If it closes below 75, it could go down to 71 area in the horizon. Which means the market could still have leg to go higher from here
ReplyDeleteWell, I am trying to short market in here. Hopefully they can't take it to new day highs later.
ReplyDeleteAgain, if SPY breaks below 111.00, then it could drop back down to fill the morning gap.
ReplyDeletegcl, that is what I am looking for. no guarantess, and I probably jumped the gun a bit early here.
ReplyDeleteWatch SPY at 111.00 and QQQQ at 44.00.
ReplyDeleteThe market is at the critical point right now. Break 111.00 or rebound from here.
ReplyDeleteI took 1/3 off the table, which way will it goo??? break down would be nice.
ReplyDeletetook 1/2 plus off table, could go either way here
ReplyDeleteGold stocks opened way higher today. Now it is trading at the low of today.
ReplyDeleteCover to get killed.
ReplyDeleteto = or
ReplyDeleteMatt, what r you seeing? I am out of 90% of my short from this morning. No gap fill today?
ReplyDeleteWe had a small change in McClellan Oscillator on Friday which has led to big squeezes the following day or 2 and Europe closed up BIG today too.
ReplyDeleteI'm long and will be shorting the close (ALL IN) though.
The volume will be getting lighter toward Thursday.
ReplyDeleteIs the market open on Friday or half day?
gcl, I think half day?
ReplyDeletehttp://www.nyse.com/about/newsevents/1176373643795.html
ReplyDeleteOn Friday, I will make the first post on the blog.
ReplyDeleteBut I will not be participate anymore after that on that day. I want to enjoy with my family for the holidays. You are welcome to write after my first post on Friday.
The volume will be light on Friday. The specialists and the daytraders will be there. It will be be dogs eat dogs world.