Mannarino's BIG RANT: Why Today's Pan Market, Pan Asset, Sell Off Will Push Stocks Higher!

in #money7 years ago

(VIDEO).

Gregory Mannarino

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Thank you for constantly coming out with quality observations, I really appreciate it in my introduction to the trading environment. Keep it up.

The widespread lack of concern to today's move down is interesting nonetheless. At least it shows how well trained markets players have become. Said training represents a key ingredient in the eventual move down, whether this be it or not.

Today I was watching traders buy calls hand over fist with each downtick thinking they are getting the best deal ever, mind you, on the first real day of a down move - not a typically good strategy. What happened to waiting for the 3rd day or at least waiting at all?

exactly..And as a student of put/call ratios and other sentiment indicators for about 40 years..this is very bearish. I have called for a significant top last weak..

Hey Greg, I found out that Robinhood is setting up option trading with no trading fees. It is not live yet but coming very soon according to them. You may want to share this information with your followers if you have not already. What a great thing especially traders starting out to avoid fees to help maximize their profits.

I believe the Stock Market, and all other financial instruments sold off today on the news, that Congress voted on releasing the FISA memo. Plunge protection was activated by the Treasury Dept., to save the day. Tomorrow, or as early as after tonight's State Of The Union address, the markets will again surge upward! The markets always sell off on BIG news, before rebounding. Tonight, the POTUS, will talk about all the positive things that are going on, with respects to the economy. He will infuse even more confidence into the American people and American entrepreneurs.
I don't believe he will speak about the FISA Memo tonight, but when it's released to the public, the markets will tank again, at least for the short term.

Yes good point. I agree. The money has to go somewhere back into stocks we go. I think it was some profit taking for another great month of gains. With BABA earnings coming out on Thursday I think it a a great catalyst to help launch this market higher.

LOL.. you're killin' me! But words could not have been more truer than what you just emphatically said. I see exactly this happening as well. The markets will rip higher. It's a given considering how EVERYTHING pulled back, ready for the spring upwards.

Interesting day... Both Bonds and Stocks couldn't rally. Looks like they bought WYNN today :)

Also, maybe people took their mandatory IRA distributions for 2018 and the cash won't be coming back....

upvote resteemit done

Thank you Greg!

stocks going up tomorrow