Hello from sunny Florida! Hope you all had a great trading day. Look out for Quadruple Witching tomorrow. Market grinds higher on Friday, IMO. Historically speaking - not that it should, but it will. That's what you saw in the final hour of trading today . . . traders know Friday will be UP!
Had to take a little time off of work to find a good EDC entry. I have a stop set at cost, just in case I am wrong.
Bought EDZ at the open at $42.03. Sold at $43.66.
Good luck to all on the EDZ Board!
Nice trading on Friday Doc. I finally sold EDC at $25.82 this morning at the top. All the negativity was getting to me. Cmeg had a good post about the week after options expirations that influenced my decision. Thanks, Cmeg. I think. Watch EDC gap up a buck now. :-)
It was a good post only if it works out.
Even then, if it works out, it was a good decision on your part.
If it doesn't work out, my bad.
But as you know, I'm locked and loaded.
Good weekend and happy dad's day to all who celebrate or pay homage.....:)
Looks like the perfect trade, Doc. Congratulations. I remain in cash looking for market direction. I think we move down, but we could also be consolidating for another forced leg up. Manipulators need the market higher.
Mixed signal across the board.No direction here. Could go up or down. AH mixed. World Indices mixed. Lots of bad news. Friday may be up, but my bet will be on EDZ for next week. S&P to 1080, then 1150 then fall off a cliff. What is odd is that so many people believe that, so they'll need to change it up for maximum profits. Maybe 1150 becomes 1170 or even 1200 to shake out any shorts. Or maybe 1150 never comes. Look for a surprise, and not what everybody thinks will happen.