Every dip, or pullback, especially notable in stock index futures
in overnight trading since the bottom made at SPX 4233,
has meet with buying around 3-4 am, after selling off in earlier night trading.
This "new" time cycle buying, overnight in futures,
has propelled the S+P 500 over 4400, with no signs of "letting up"
Traders realize 110 % that they will be "immediately" rewarded by "buying "any kind of appreciable selloff.
The market is proving them right, time after time.....
In the next 72 Hours, major tech stock earnings
from Google,Microsoft,Apple, Facebook, and Amazon will be released.
These 5 stocks represent almost 25 % of the S+P 500 Index, because of their large multi billion dollar size.
Think of that. Only 1 % of 500 stocks, control nearly 25 % of it's value.
Internally, the participation and breath of the broader market continues to deteriorate below the surface.
But who really cares about that?
Certainly not the big mega cap money managers
who continue to grease the skids in return for larger and larger outside gains
This is "psyche" for broken record after broken record of new historic price highs for stock prices in the US in 2021.
A very astute writer /trader here on Tradingview, advises me this is how the marke works.
Almost a complete "mechanical approach to keep prices moving up, and up.
I'm convinced that this market, not that I'm making any quantifications
will ultimately pack the entire stupendous crowd, standing room only, no more seats
"completely in" at the close of a trading.,
forcing everyone to pay higher and higher and higher prices for the cost.for the privilege of getting "in".
And getting less on the way up.
As a sidebar,I would advise you to look at the price of continuous lumber futures,
which peaked in May 2021, two months ago above $1500 Cubic Board
and recently the same lumber was trading around $500 Cubic,
a drop of 67 %,in just 2 months
That is a crash
Buying the dip in the commodity casino stock market in the US
will ultimately come with the same financial cost, in my humble opinion.
But let's not get ahead of ourselves,
Enjoy the bull market ride of a lifetime, while you can.
Just remember,as you itemize your outsize gains.
if you get in at these stock prices you ultimately will have to get out.
Good luck on that.
THE_UNWIND
7/27/21
Woods Of Connecticut
in overnight trading since the bottom made at SPX 4233,
has meet with buying around 3-4 am, after selling off in earlier night trading.
This "new" time cycle buying, overnight in futures,
has propelled the S+P 500 over 4400, with no signs of "letting up"
Traders realize 110 % that they will be "immediately" rewarded by "buying "any kind of appreciable selloff.
The market is proving them right, time after time.....
In the next 72 Hours, major tech stock earnings
from Google,Microsoft,Apple, Facebook, and Amazon will be released.
These 5 stocks represent almost 25 % of the S+P 500 Index, because of their large multi billion dollar size.
Think of that. Only 1 % of 500 stocks, control nearly 25 % of it's value.
Internally, the participation and breath of the broader market continues to deteriorate below the surface.
But who really cares about that?
Certainly not the big mega cap money managers
who continue to grease the skids in return for larger and larger outside gains
This is "psyche" for broken record after broken record of new historic price highs for stock prices in the US in 2021.
A very astute writer /trader here on Tradingview, advises me this is how the marke works.
Almost a complete "mechanical approach to keep prices moving up, and up.
I'm convinced that this market, not that I'm making any quantifications
will ultimately pack the entire stupendous crowd, standing room only, no more seats
"completely in" at the close of a trading.,
forcing everyone to pay higher and higher and higher prices for the cost.for the privilege of getting "in".
And getting less on the way up.
As a sidebar,I would advise you to look at the price of continuous lumber futures,
which peaked in May 2021, two months ago above $1500 Cubic Board
and recently the same lumber was trading around $500 Cubic,
a drop of 67 %,in just 2 months
That is a crash
Buying the dip in the commodity casino stock market in the US
will ultimately come with the same financial cost, in my humble opinion.
But let's not get ahead of ourselves,
Enjoy the bull market ride of a lifetime, while you can.
Just remember,as you itemize your outsize gains.
if you get in at these stock prices you ultimately will have to get out.
Good luck on that.
THE_UNWIND
7/27/21
Woods Of Connecticut