Message today is to take some darn profits on these some of
trade ideas (especially ones that are extended). ES close
above 2879.50 would be constructive for more. Trade your
plan.
Posted by steverobin on 8th of Jun 2019 at 06:55 am
The old "Trim and Trail"! Stop/losses always placed and
rising limit orders on smaller amounts as profits accumulate. Matt
and Steve are great educators and students of the market.
Steve, agree with you completely about taking some darn profits
today. Given how far and fast we've run it feels like the market is
already pricing in a deal with Mexico given how little it reacted
late yesterday to the Sarah Sanders announcement. Short term
there's probably a lot more risk in a no deal over the weekend than
upside in a deal. Besides, what the market really wanted was
continuing help from the Fed and it sure loved those weak job
numbers.
Don't really know why the FED would lower rates when rates are
not high in a strong economy and job market. If they do
start lowing rates again, what can they do when there really is a
recession.
On another note, nice to see WEYL finally taking off.
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Message today is to take
Posted by steve on 7th of Jun 2019 at 12:07 pm
Message today is to take some darn profits on these some of trade ideas (especially ones that are extended). ES close above 2879.50 would be constructive for more. Trade your plan.
The old "Trim and Trail"!
Posted by steverobin on 8th of Jun 2019 at 06:55 am
The old "Trim and Trail"! Stop/losses always placed and rising limit orders on smaller amounts as profits accumulate. Matt and Steve are great educators and students of the market.
Steve, agree with you completely
Posted by puma on 7th of Jun 2019 at 01:31 pm
Steve, agree with you completely about taking some darn profits today. Given how far and fast we've run it feels like the market is already pricing in a deal with Mexico given how little it reacted late yesterday to the Sarah Sanders announcement. Short term there's probably a lot more risk in a no deal over the weekend than upside in a deal. Besides, what the market really wanted was continuing help from the Fed and it sure loved those weak job numbers.
Don't really know why the
Posted by EdZ on 7th of Jun 2019 at 01:52 pm
Don't really know why the FED would lower rates when rates are not high in a strong economy and job market. If they do start lowing rates again, what can they do when there really is a recession.
On another note, nice to see WEYL finally taking off.