RE:RE:RE:RE:RE:SPY weakness driving sector downWhen SPY finally consolidates, I think that the MJ sector will follow. We've seen how quickly the MJ stocks fall when there is a bit of fear in the markets. Be careful out there.
Auctioneer wrote: Yeah you're probably right. It's probably best for quick flips on the daily instead of a swing hold. We are so due for consolidation though. I just don't know what is sustaining this market bull run other than promise of good talks with China.
GordoTheGreek wrote: I've traded SPXS a few time before and I just don't like how fast it moves. I'd have to really be sure that SPY is going to fall hard if I buy it again.
Auctioneer wrote: You still shying away from SPXS Gordo? I am waiting for oil report at 11 and then going from there.
GordoTheGreek wrote: I went all cash this morning, except for my SDS. The last few months were good for me, now I'm going to get back to day trading for awhile.
Auctioneer wrote: Looks like we are being pushed down. We may, at long last, have some SPY consolidation, but needs more bear volume for that to be confirmed.