State of the Market

Posted on by Jason Leavitt

Here’s a video covering the current state of affairs.



0 thoughts on “State of the Market”

  1. Jason talks about the invisible hand holding up the market and I suspect he
    is absolutely correct about that. Look at how many times the markets have
    had the opportunity to crash and burn, but somehow they held up reasonably
    well. So unless something happens in Europe or some other ‘black swan’
    event I would say we hold up reasonably well. 2) Apple stock has been
    described as something of an ATM machine. When people get margin
    calls or the hedge funds need to trim their positions they usually
    sell their stock in Apple to fulfill their margin requirements.

  2. why am i a daytrader.?
    because i dont know which way the daily trend is or even if there is one
    what i do know is we have a corrective overlaping trend for past few months
    i dont trust break out moves–the insto mutuals want their xmas bonuses
    central banks have found by joint moves they can control currencies,thus equities
    if u can get a swing trade out of it —good
    but here is one i like——–the sideways channel trade—sell at top of channel if no breakout—ie res held—buy bottom channel if support holds——do nothing in the middle of channel
    the trend imo is sideways but world leveraged debt will sink the boat,cause a financial meltdown and bankrupt many banks and countries—-in that respect im a funnymentalist

  3. If the daily SPX chart is a “triangle” formation, today’s action would be setting up the downward “e” wave of the “abcde” triangle. That would set up an upside breakout with an anticipated move above 1300. That’s IF it’s bullish triangle. I’d like to see what happens if SPX gets into the 1230-1242 area. A reversal in there may warrant a long position.

Leave a Reply