StockFetcher Forums · Stock Picks and Trading · SPY<< 1 2 3 4 >>Post Follow-up
Mactheriverrat
3,157 posts
msg #145463
Ignore Mactheriverrat
12/5/2018 11:35:52 PM

Listen to the talking heads on TV or News media one would think they sky is falling. It just may be but it will have to break out of its trading range one way or another.



Just saying!

shillllihs
6,046 posts
msg #145464
Ignore shillllihs
12/6/2018 1:35:33 AM

Jan 2006 to Sept. 2007, about 19 months and right before an election, SPY moved about 30% or so. Could do it again but who knows. Looks like a nice set up for 1 last push before another recession. This will be marked by irrational exuberance and the euphoric cries of this is the best economy ever, then the collapse.

sammyn
81 posts
msg #145469
Ignore sammyn
modified
12/6/2018 6:11:16 PM

My scans showed a huge buy day (lots of symbols showing up). All on the long side.

I'd like to hear any opposing view points on why today would NOT have been a good day to buy.

Granted, I know we are in a trading range, but, I feel the intermediate term has better Risk:Reward ratio on the long side (for equities).

Thoughts?

Mactheriverrat
3,157 posts
msg #145471
Ignore Mactheriverrat
12/6/2018 9:55:43 PM

Too much volatility right now in the markets. Waiting .
IMHO


Mactheriverrat
3,157 posts
msg #145472
Ignore Mactheriverrat
12/6/2018 9:58:57 PM

https://www.bloomberg.com/news/articles/2018-12-06/a-loss-that-feels-like-a-win-biggest-stock-swing-since-2010?srnd=premium

Mactheriverrat
3,157 posts
msg #145504
Ignore Mactheriverrat
12/9/2018 12:00:22 AM

Nothing has really happened yet other that high volatility inside trading range.


ron22
255 posts
msg #145507
Ignore ron22
12/9/2018 8:00:26 AM

Mac, Thank you for your input. Without knowing it, you are teaching me patience. Patience should help me to reduce my overtrading. Hopefully I will get better entry points as well. Thanks.

Mactheriverrat
3,157 posts
msg #145511
Ignore Mactheriverrat
12/9/2018 2:45:17 PM

Your Welcome.

Like I said "Too much volatility right now in the markets" I'm waiting for cooler head to prevail. Even most inverse etf's have too much volatility for me right now.

Were going one way or the other with this market.

IMHO!

Mactheriverrat
3,157 posts
msg #145518
Ignore Mactheriverrat
12/10/2018 11:46:13 AM



Eman93
4,750 posts
msg #145527
Ignore Eman93
12/10/2018 7:43:58 PM

https://stockcharts.com/freecharts/pnf.php?c=$SPX,P

2600 is a good buy point IMHO

StockFetcher Forums · Stock Picks and Trading · SPY<< 1 2 3 4 >>Post Follow-up

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