{quote} I see you trade Sp.. do you trade US30? I would like to master that one day..
SP i think it's on a range with bearish possibility - but this level has to be defended by bulls so i just tried to help buy buing some - because of well premarket fall illiquid Europe was behaving better and so on
on DJ i would like into the DJI components but for example
1 - you got AXP that will report probably strong because Russia exposure still small and they got out and is' very close to all time highs
2 - AAPL well here the story is easy - if AAPL fells you can kiss everything good bye. but there are so many money parked here on this fortress that well they just gonna buy it . - so i would watch closely AAPL now AAPL on both Nasdaq and DOw has huge exposure. so keep AAPL up and you have enough to have a floor on market
3 - you have BA which honestly goes from bad to worse but already very low - so i rather buy it then sell it near i know there are tons of reasons to go lower
4 - you have CAT - well here if construction is slowing also transports (see DJI transports very bad) and also into commodities which are rocking
so volatile CAT like always
5 - than you have bad numbers on HD -
6 - Now big banks - and GS so JPM - tell me you are selling JPM at 130 ? for what? so it can go to 120 ? 110 ? cmon it's like free money near 110
7 - you have tech - already talked about AAPL - Cisco _ IBM - Intel - MSFT (wow)
8 then you have Walmart - so we sell Walmart because ?
then you have some oil companies like CVX Chevron - amazing profits and balance sheet
I mean it's hard - so how much of it is already priced in on a small recession ?
i rather use DJI to long but i already have stocks
Of course there is the easy way of just use TA and trade DJI, not sure how this went but then again - we both have short time trading system that can give us money in most of the environments. but trading here right into earnings i think it's close to impossible from Wednesday
anyway ... not sure if it helps in any way
