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No News is Good News 5/31/24

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I did some great trading today. Came in with near a record long position held through the opening rally. Held all the way down, sold half my positions at the absolute low of the day and ended up breaking even. 

🤣🤣🤣

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3 minutes ago, fxfox said:

The market just had to digest the May 31st Coupon Whopper for a few days. That‘s it and that‘s all.

it never ends......since SNB?

>: and everyone can crow that Trump bad, Biden good....the markets just magically said so....

and MSM USA will crow it the loudest........

>:: let me know when QE or the "such", world wide, is at an end......

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Just now, fxfox said:

The market just had to digest the May 31st Coupon Whopper for a few days. That‘s it and that‘s all.

Exactly as I forecast .

Quote

Why Sell in May and Go Away

“Sell in May and go away,” looks like a good idea again this year. The time has come. The time is now. Here’s why.

But then -- June Swoon Called Off

Follow the money. 

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46 minutes ago, fxfox said:

Make no mistake, this was not just short covering, this was the thrust of the beginning of another upleg

It takes volume to make a thrust. Thrusts don't happen in 20 minutes at the end of a day. Seems more like month end window dressing. Slot racing in a vacuum. 

My guess would be a sharply lower open on Monday. 


 

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