If there was an AAPL long (call) trade, I think this would be it right here, right about now.
I suspect the market is going to try to lift SPX futures back to VWAP by the close and the SPX back above 2000.
However, we have major escalation in Ukraine/Russia, we have non-Farm Payrolls at 8:30 in the morning tomorrow and a lot of wild card risk.
Today has had a very negative gut feel, however I've been trying to keep my patience and base decisions off the best data available. Unless I see something extraordinarily strong in AAPL, I can't consider this speculative position worthwhile with the risk floating around.
If you see it as a speculative position you can afford to play with, now is probably your best entry , but even as a speculative position, it just feels like pure gambling.
Please make note of very strong overall negative market tone above and beyond what we've already experienced and have expected.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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