Thursdsay Whatever

{+++}For the day the SPX/DOW were +0.30%, and the NDX/NAZ were +0.40%. Bonds gained 5 ticks, Crude lost 55 cents, Gold rallied $27, and the USD was lower. Medium term support remains at the 1680 and 1628, with resistance at 1699 and 1762 . Tomorrow: Wholesale inventories at 10:00.

Short term support remains at the 1680, and SPX 1658-1667, with resistance at the 1699 and SPX 1717.

This market the last few days has been brutal. I wasn’t lucky enough to be a true believer in TSLA and I don’t play earnings, but this market is struggling. It is choppy and heavy, and this usually means the market is ready to correct, Usually, Not always.

My short positions have been stopped for the last two years, so absent certain select stock ideas, I wont short this market. Its a secular bull market. Day trades only for shorts most likely unless the trend changes.

Stay patient, This market sucks right now.


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