Post by
garyreins on Oct 23, 2023 9:40am
what do you think DZ?
4th day of loss turn into a intraday reversal? Been a pretty ugly drop that started wednesday heading into this morning.
Comment by
garyreins on Oct 23, 2023 11:32am
Thanks for the thorough analysis- my question was with regards to the markets trading action, and it looks like that reversal is in fact here! Cheers! Will it hold is another question
Comment by
DZtrader on Oct 23, 2023 11:36am
A reversal happening at least right now but at the risk of sounding pessimistic I think it will be short term in nature as yeilds are pressuring higher for reasons stated in the last post/book I wrote. Going to be bumpy here for the foreseeable future. Cash at 6.25% and money markets seem to be the order of the day, that is, if anyone has any meaninful amount of cash left!!
Comment by
Frankie10 on Oct 23, 2023 1:13pm
"I sucessfully traded my financials four times, fifth time, was stupid and have been caught, but in my mind a better place to be caught enjoying relatively nice yeilds in safe position while I wait for the dust to settle." this resonated with me.