Big earnings beat. Followed by a dump, same action on the Nasdaq.
Good news followed by a dump is a good indication of exhaustion.
Got short nasdaq.
Good news followed by a dump is a good indication of exhaustion.
Got short nasdaq.
Trade active:
So far. This is wrong.
I've made an observation though, many of the people who said the prior banking crisis response in march wasnt QE are now claiming that bank failures are bullish because its QE; of course contradicting themselves.
It looks like a lot of bears are giving up, maybe not enough yet but I think we are close.
I've made an observation though, many of the people who said the prior banking crisis response in march wasnt QE are now claiming that bank failures are bullish because its QE; of course contradicting themselves.
It looks like a lot of bears are giving up, maybe not enough yet but I think we are close.
Comment:
that bank failures are bullish because it creates a QE response from the fed*