We're splitting hairs at this point. If it doesn't do it today, it will do it tomorrow. Of course we could always keep hitting new 14 year highs at the close every day - ya think?
7/30 Close - SELL - Reason: VXN 20/50 dsma cross
8/8 Close - BUY - Reason: QQQ Stochastic Trend Reversal
A pullback today or tomorrow will trigger another stochastic based SELL signal.
Buy low, sell high.
What truth? You don't say.
What "facts"? You don't say.
What posters? You don't say.
What posts specifically? You don't say.
You seem disturbed by the posts here, so leave.
They get FEES on every trade to do something. Mostly it is trying to figure out if rules from 1934 have any relevance today. If you think they do, why don't you explain why short-term traders and their brokers need comply with Wash Sale cost basis reporting requirements.
Give just one example where this serves the public. Certainly the new reporting requirements on brokers keeps their expenses and commissions up. With the decrease in cost of computing power, retail commissions should be down to $1/trade or less. Instead, they have not come down in the last ten years.
Don't you get it? The news DOES NOT MOVE THE MARKET. The SEC knows this. They also know that you are FREE to develop a strategy and trade on that strategy. Do you think they have a Department of Approved Market Moves that looks at news reports to determine if a market move is "bogus"?
Bloomberg isn't talking to people who actually trade and move the market. Those people know how worthless the news is. They only have a Bloomberg terminal for that ONE piece of news that might cause the market to shut down. Getting that news first might actually be of some benefit(depending on the size and speed of the meteor).
Without taking a poll of customers or viewers or voters, The Bot was able to go to SELL on the 7/30 close and then BUY on the 8/8 close. It doesn't need to justify its actions with ideas "investors" want to hear. It's judged by a higher standard. Its job is not secure.
I can't remember E*Trade going down in the last ten years. Once back in the '90s, I seem to remember something happened but it didn't take everything down - just couldn't place a trade for a while..
If they do it and take say $50 off the cost of the room IF you elect to use a robot, then it's fine because when you spend or invest that extra $50, it will help create another job. If they simply do it without giving a discount, the consumer who is getting less personal service can't decide how things will change. But they will change. Cleaning hotel rooms is not where you want to see job growth.
"This country needs to make a solid investment in education"
Sounds like political BS. There is NO relationship between the current educational system and job creation. Throwing money at a liberal arts high school or college won't create more jobs for actors or poets.
It's the QQQ 20 day.
20 dsma = 95.7443
QQQ HOD = 95.76
20 dsma = 95.7233
QQQ HOD = 95.67(so far)
The 50 day sma still has the same positive slope since the 8/5 support and the VXN has broken its climb so I'd have to agree with you. This pullback at the 20 is understandable if not predictable.
"WHY didn't you post we HAVE SUPPORT here before"
Where is "here"?
I stated the important moving averages YEARS ago and have not had to change them. I guess I could dig up an old post if you'd like.
Apparently logic that involves the VXN and dsma as well as Lane's classic stochastic indicator is too complex for you. Google "George Lane Stochastics". It's not that complex. You buy oversold markets and sell overbought markets, once you have reason to believe the trend that put them in the particular condition is(or is about to be) reversing. These support/resistance levels react to and move with the market itself due to the fact that the market first and foremost, reacts to itself, not any sort of made up economic fundamental baloney stories. They are all too late, usually selected to justify moves that have already taken place to give the reader the BS they want to hear.
Stupid people panic and sell do to unrelated news. Smart logical tradebots buy trend reversals without regard to the WORTHLESS news. It's hard to sell the idea that these bots work because the stupid rich eyes just glaze over when you show them a chart or any type of algo backtesting. It is always easier to sell the notion that "you can't time the market". Of course this is coming from people who know so little about how to make money trading the market, they need to charge you a fee.
"So far Russia is following the existing treaties to the letter. No breach of any kind has so far taken place, despite all the media sensationalism."
So violating the UN Charter by annexing Crimea doesn't count in your mind?