The Market: A Tweet Away From Profits Or Losses

One of my tweets today:

$FXI red $EEM red-I haven’t changed the plan-watching 4 mkt to roll over b4 going more short (SMH lightly short)-managing existing longs  (includes $NBEV) w/ tighter stops-no new swing longs & starting 2 establish pos. in some commodities. #transparency #subjecttochange 

For those who may not be familiar with the vernacular, $ is used before an instrument symbol because it appears on StockTwits that way.

FXI is the China ETF. EEM is the emerging markets ETF.

NBEV is New Age Beverage, a stock we have been trading.

I use numbers to substitute for parts of a word or for a whole word to stay within the allotted number of twitter characters. W/ is short for with.

I added the hashtag to transparency as I like people to know I do not tell you after the fact so that I only look smart.

And, I added the hashtag to subject to change, because in this market, one must stay flexible.

And wouldn’t you know it?

About five minutes after I posted that tweet, the news that the U.S. is weighing lifting China trade tariffs to break trade talk stalemate appeared.

And off she went.

Fake news? Perhaps.

It was denied moments later.

Day trading market? Definitely.

Have the bulls busted out of the cage?

Regional Banks KRE continue to help the rally.

Transportation IYT got closer to the overhead 50-DMA.

Semiconductors SMH is still in a bearish phase, but over 90.00, a pivotal point.

The Russell 2000 IWM confirmed the Recuperation Phase.

The S&P 500 SPY went into an unconfirmed Recuperation Phase.

Retail XRT is back above 43.75, its pivotal area, and now looking for the 200-week Moving Average.

All sounds great, right? All points to the bulls holding the treats.

Yet, the impetus for the move up today was based on unsubstantiated news.

This is disturbing of course. But let’s pretend we live under a rock.

What does today’s action tell us?

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