3309 Drysdale Ct
Edwardsville, IL 62025
Guess I'm confused as to why the markets are going straight up
with such a poor job report ?
There is always a "reason" why the markets do what they do,. In
fact, there are a bucketful of "reasons", and they'll be
trotted out after the fact by pundits. The market has its own laws
of physics and doesn't share them. It's like quantum physics -- too
weird to understand. The market will do what it's going to do.
Stick to technicals and high probability setups. Set stops to
preserve capital and leave the quantum stuff alone or it will drive
you crazy (and empty your trading account).
Simple analysis on markets:
There are ONLY 2 things that matter for prices. 1. How
much money is available 2. How much of that is willing to be
invested. The charts illustrate supply and demand
Great seeing this reply. Steve shares some great nuggets of
wisdom here. You can refer to them again and again.
There is an old saying that I like as well and not sure who said
it "Fundamentals tell you WHAT to buy, Technicals tell you WHEN to
buy it". Last part of the equation that I think is paramount in
importance that Steve touches on again and again here is simply
"Have a plan and implement it accordingly"
Finally, I believe someone has to have very strong belief in
what they own or the plan they are implementing or it becomes tough
to stick with it. This comes over time with experience.
I would simplify this even more ... there's only one thing that
matters to the market ... THE FED ... ;) everything
else is secondary and a sideshow in the grand scheme of
Thank you everyone for your explanations and comments.
I certainly appreciate it !!!!
Less chance the FED raises rates in the near term with weaker
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