Posted by DigiNomad on 16th of May 2023 at 03:58 pm
Biden changed travel plans to get back to Washington for debt
ceiling negotiations and the market took a dump on the news. Is the
market trying to tell us something?
Posted by DigiNomad on 16th of May 2023 at 04:01 pm
Added a rare SPY long position with a stop just under 4100.
I don't see much reason we don't bounce back into the pattern
again tomorrow. Either way, it's low risk from this point to the
stop.
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Biden changed travel plans to
Posted by DigiNomad on 16th of May 2023 at 03:58 pm
Biden changed travel plans to get back to Washington for debt ceiling negotiations and the market took a dump on the news. Is the market trying to tell us something?
Market typically sells off on
Posted by junkie on 16th of May 2023 at 04:02 pm
Market typically sells off on Wednesday of the OpEx week. I would like to see a better drop.
Jumkie The sell off often
Posted by rbreese on 16th of May 2023 at 04:11 pm
Jumkie The sell off often spills into early next week. And the weakest part of month typically ends the 25 th of every month according to Tom B stats.
So, what is a path
Posted by junkie on 16th of May 2023 at 04:14 pm
So, what is a path from here? A failed breakout and lower or one more attempt higher?
We almost always rally a
Posted by rbreese on 16th of May 2023 at 04:23 pm
We almost always rally a few days before next FED meeting early in June too.
Added a rare SPY long
Posted by DigiNomad on 16th of May 2023 at 04:01 pm
Added a rare SPY long position with a stop just under 4100. I don't see much reason we don't bounce back into the pattern again tomorrow. Either way, it's low risk from this point to the stop.