Looking at a 50 day cycle high (potentially) that comes in tomorrow.
Today's action was, in my view, balanced. We had a very bad retail sales number and the market got hit about 30 points. It came back pretty good, but not ripping higher, then closed in the lower 1/3 of the range. Considering how bad the retail sales number was, it certainly could have been worse action. But neither did it rip higher.
Looking for something hopeful on China talks this weekend to sell a pop. If it heads lower tomorrow, I'll probably miss it.
I sold a 1 lot on the close. I call it a "scout". I'd consider selling more if bullish news came out on China this weekend and the market popped and failed.
I feel like I'm a bit off my rocker to sell this ripping market.
Flat. Took a 6 point loss on a 1 lot. Given recent volatility, I'm inclined to call that a scratch.
Still looking for an entry like a China trade announcement
So I previously posted that I think a trade agreement, or an agreement to keep talking, would be a sell event. It was in early December. There are stop levels just above in the S&Ps (2815 area). Looking to sell a pop.