Those who have will be given more, and for those who do not, the little that they have will be taken away. The wise do not bet against a billionaire.
Keep an eye on the UUP (US Dollar), they gunning for the 200sma. Get out of commodity related stocks when it hits. They will probably be a final push up on commodity related stocks and then a consolidation period. WEAT broke through an intraday channel with above average volume, the next target is 11. I closed 9k shares at 10.66 first resistance(daily50sma). The problem with this etf is the low volume, its very hard to exit a large position without demand. SID hit the daily 20sma today and is in play for a bounce, but must exit with the US dollar.
I closed my position at the close because the market is in the middle of the mm's trading range. It can go either way tomorrow, I'll just wait for either extreme and play the range.
Feel like I'm watching paint dry, no action yet. Tape getting faster as I type.
Company claim not dangerous, safer than acetylene, then someone dies from explosion. Company claims cuts faster than propane, yet Navy test disprove claim.
At first I was thinking they was going to drop the market on Monday (Option X Week). Now I think they will gap the SPY up to 213. If this should happen, take profits. Its going to get freaky after that.
Navy decline and use of propane was a disappointment and disproved their claim that their gas cut faster. They contend that the personnel who did the test was not properly trained, and is working on another ship yard. This is big catalyst if they can get a military endorsement.
Thanks for posting, MNGA's chart is giving mix signals. They need another news event, back to back to set the trend. I might mess with it today.