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- SunTrader replied Oct 24, 2018
Bounce. Splat. Bounce. Splat. Dow and S&P are now actually down for the year. And faaaahget the Nasdaq LOL.
S&P500 trading
- SunTrader replied Oct 24, 2018
I see resistance currently and so far today is an inside bar as well:
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- SunTrader replied Oct 24, 2018
Yup except I'd say dead cat bounce ... again. See move up into last Tuesday's swing high.
S&P500 trading
- SunTrader replied Oct 24, 2018
Drumpf crying about Pres Obama having "zero interest rates" LMAO He wants his cake and eat it (and I do mean the whole cake) too.
S&P500 trading
- SunTrader replied Oct 23, 2018
Indicators from anyone are fine. Email/web addresses/solicitations/etc only in the commercial section. See User Guide for more at bottom of page.
Carpe diem: Intraday tactics for Dax and Dow
- SunTrader replied Oct 23, 2018
Smart money looks for a bounce to short, when the tide turns down.
Carpe diem: Intraday tactics for Dax and Dow
- SunTrader replied Oct 23, 2018
Might not be that long a wait. Look at XHB Housing ETF, and also first time in 6 years monthly rent prices are down. Meanwhile Drumpf tries to sucker voters again with another "middle class" tax cut.
S&P500 trading
- SunTrader replied Oct 20, 2018
Agree. Take a look at Existing Home Sales report graph from this past Friday Oct 19th - on the Calendar tab. What jumps out to me is during during uptrends Forecasts are beaten and vice versa during downtrends (like currently) forecasts are below ...
S&P500 trading
- SunTrader replied Oct 20, 2018
Actually upon looking further at the SPX chart I would add to my previous post the correction DOWN will accelerate if 2750 are does NOT hold and if so turn into a full blown bear market.
S&P500 trading
- SunTrader replied Oct 20, 2018
Unless and until the S&P drops considering more (which it might, who knows) the trend, daily and higher, is till up so counter trend corrections would be down - not up.
S&P500 trading
- SunTrader replied Oct 19, 2018
Well that is the real point after all (200, 208, 211, 203, 199 SMA, EMA, WMA etc) - which I might of said something similar 2 years ago.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- SunTrader replied Oct 18, 2018
Why 200 weekly EMA? 208 (4 x 52 weeks) makes more sense if one is going to look at it at all. Then again why 200 daily? 250 (closer to 1 years worth of trading days) also makes more sense.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- SunTrader replied Oct 15, 2018
Don't trade them so don't know the spread since the volume is so small, about 5-7% of the big full size contract ,there are much better ways to put money to work. For instance if I want to put on many multiple contracts of a low margin symbol I go ...
S&P500 trading
- SunTrader replied Oct 14, 2018
So you consider the move down from all time highs .... a trend? A down trend I presume? Yet you refer to an uptrend correction? Maybe its the language barrier but in any case, trends however one defines them, are not corrections. And vice versa.
S&P500 trading
- SunTrader replied Oct 14, 2018
??? A correction in an uptrend .... is down not up. Correction against the main trend, which means your retracement is plotted the wrong direction.
S&P500 trading
- SunTrader commented Oct 13, 2018
"This suggests wage growth will likely rise from here, further supporting economic activity." Adding to the need for higher rates which at some point, if it's not already doing it, will ..... cut into growth. Anal-lysts are always the last to see ...
US: What slowdown signals?
- SunTrader replied Oct 13, 2018
Sure BTD after two wide range daily bar drops. Like a hot potato though, just don't hold it very long. Corrections are at least three waves and we've seen only one, possibly complete, so far.
S&P500 trading
- SunTrader replied Oct 13, 2018
Over how many years and/or decades is that calculated?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- SunTrader replied Oct 12, 2018
Linked ZeroHedge story on the news page had this line in it: "Furthermore, this 'signal' comes at a time when the yuan is depreciating (in a non-manipulated manner according to US Treasury) against the dollar and as the petroyuan continues to rise ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- SunTrader commented Oct 12, 2018
I notice this line in the story: "Furthermore, this 'signal' comes at a time when the yuan is depreciating (in a non-manipulated manner according to US Treasury) against the dollar and as the petroyuan continues to rise in popularity, we are ...
China Should Slash UST Purchases, Policy Advisor Warns