Quote:
Originally Posted by jb514
Almost everything you can do short term in the market is -EV.
Except the long term is a continuous sequence of short terms.
Made a day trade on TZA Friday, once it started to fill the gap. Didn't wait around for the full gap fill, because it was due for some sort of rebound and I had to head to work.
After all the gap ups last week, next week should be interesting. XLF & IWM with gravestone doji flavored weekly candles. I expect some weakness short term, but then QQQ & SPX could just drag them higher too, so no guarantees. I would not be surprised to see a significant cap (whether up or down) on Monday.