I took a .23 profit on my put....was more there but I'm out....Im out till sanity comes back. I'm done trading for the year.
There is nothing that is negative or positive to trade on. It is the magnificent 7. You can't fight them. They are making it so you can own a thing. Everything is borrowed or subscribed to. My industry is the same and they have priced it to where the margins are thin for me but large for them. John Deere, Case, Cat....I've made enough to walk away for the year. Clearly I have no idea how to trade long. Walmart says retail is down and getting worse. Buy stocks. I don't buy bloated stocks and I will not be a part of their mass dilutions. We all know it's coming. But not till election season is over. Peace out and happy trading. Live long and prosper.
You are right. The market has an agenda whether I want to admit it or not. It now depends on whether our government wants to be fiscally responsible or continue to spend like drunken sailors. I've traded your way recently begrudgingly. Good luck going forward...waters are murky.
Truly, there is no other explanation. Credit card debt and defaults at all time highs. Highest ever boarder crossings costing tax payers billions, trade deficit climbing. Downgrades everywhere..... Red Flags everywhere yet Trendtrade is correct....The market has an agenda and it will ruin us all.
Shorting on the open again. This time it won't come back. The target is the 200 but it looks like more negative economic disasters are surfacing and politics are becoming uncomfortable it looks like the 200 won't hold and the House of cards mat be falling. Good luck I'll be watching.
What your saying is true...We should have better buying power and yet we don't. We flooded the world with dollars and then printed trillions more giving it no real value. Oil should be cheap for us to buy unfortunately other countries are holding us hostage but in reality it's by design by our own government via green energy and the NWO. A rising dollar is an easy way to kill businesses in the U.S. We "might" be able to import cheaper but we can't export a damn thing. Our trade deficit is going to reach new heights. All by design. I too look for a bounce but it is looking worse by the day. It's all unraveling.