I think my TA is a waste of time these days. Too much
money being pumped into the markets. I cannot beat the fed.
This is an interesting stat: 2019 3.6% unemployment. 7
million jobs created, since 2017. SP500 - 3,383. 2020
- 20.6% unemployment, 26 million jobs lost in past 5 weeks,
SP500 - 27993. But who cares when you can just create
more debt.
TA tells me that the price action is bullish. If I trade based
on what the market should be doing based on unemployment etc. I get
burned every time. The price action is bullish.
I think my TA is
Posted by ssaffer on 24th of Apr 2020 at 01:21 pm
I think my TA is a waste of time these days. Too much money being pumped into the markets. I cannot beat the fed. This is an interesting stat: 2019 3.6% unemployment. 7 million jobs created, since 2017. SP500 - 3,383. 2020 - 20.6% unemployment, 26 million jobs lost in past 5 weeks, SP500 - 27993. But who cares when you can just create more debt.
TA tells me that the
Posted by tgo5043 on 24th of Apr 2020 at 01:29 pm
TA tells me that the price action is bullish. If I trade based on what the market should be doing based on unemployment etc. I get burned every time. The price action is bullish.
ISM and beige book.
Posted by ssaffer on 24th of Apr 2020 at 01:32 pm
ISM and beige book.