The bulls are in full swing buying the dip following the opening sell-off. Essentially the rallies in oil and finance today, is keeping SPX in the green just barely. Frustrating for the bears of this world? Yes.Â
It is one thing to keep a list of short setups in this market, it is quite another thing to act on the ones you are tracking. Right now, the short plays aren’t rewarding investors and traders alike. When the market starts to act a bit dicey as it did on Friday, I’ll add a
Bears, man! WHERE DID YOU GO!? Actually had the S&P 500 down about about 8-9 points lower at one point today, but that ended with a sharp buying spree that took price back up to just below breakeven. There’s no one out there to really push stocks substantially higher, but count on the bulls to
Absolutely no gusto in this market at all The market tried to make new all-time highs today, but the level of interest by the bulls to push this market higher has been very lackluster today. And inherently that is the problem with getting long on this market, despite it being the only choice traders have
The bears are simply trying to show us now, how quickly it can blow golden opportunities. Yesterday’s 20 minute sell-off was impressive. For moment there, it looked like it could really, really get ugly, but it didn’t. Instead a change to the Senate schedule (favorable towards getting health care and tax reform done) was released
They do suck. I mean how many times can the bears possibly blow a sell-off that is handed to them on a silver platter. Consequently, sell-offs that appear to be substantial, like the one last Thursday, has become a green light to buy the dip.Â
We all need some short setups in our lives every once in a while right? Well, the S&P 500 is breaking the 20-day moving average and looking to make a move back down towards the 50-day moving average. I’ve closed out half of my long positions and holding on to a few longs still. while
The bulls started off strong on the week, but the bears quickly faded the gap – nonetheless, there are trading opportunities out there and plenty of them at that. With this week being window dressing for the funds and considering how strong the first half of the year has been, I’ll be surprised if the
No longer smart money, it is the fast money that is dip buying. It is impossible to get a sell-off to last more than just one day. Though today might be a bit different as far as that is concerned.