Wednesday , July 3 2024
Home / Video / Get used to seeing rallies fail.

Get used to seeing rallies fail.

Summary:
Classic topping action when economic growth is slowing. 

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Classic topping action when economic growth is slowing. 
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

25 comments

  1. Down in the morning up in the afternoon you're in an uptrend pretty much

  2. @cyberpunkalphamale

    That oil price tho

  3. @punch_bowl_turd3005

    NKE has come down nicely.

  4. @bobsagetsquarepants7805

    Mike will you bring that hair down a notch once pride month is over?

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  6. @jamesanthony5066

    Great video Mike, I will share this with my friend group!

  7. Had to lock in profits today. Have a feeling next week will be lower

  8. Imagine being a bear on a market that’s only going up since it’s ever been created

  9. @barrymcbrush5452

    Mike, with all due respect, you may have to stop dragging your feet on the new carpet while wearing socks. "Static"

  10. @barrymcbrush5452

    Mike rocks! Join the MMT Team!

  11. @barrymcbrush5452

    I have been on Mike's team for almost 4yrs now and only regret not joining MMT Trader sooner.

  12. @tedsmoothie1581

    I totally agree Mike. I'm very leery about this market right now- the fiscal support was crap in June and yet the markets kept rising. A lot of speculation? I was bummed because I was waiting for it to get down to like 38,00 and I would have backed up the truck to buy, but I'm gonna wait.

  13. @merchantsailor

    Fed will not cut interest rates until after election, so they appear to be independent of politics.

  14. @tradewithsonic

    Whenever I see Mike's spikey hair, I press LIKE

  15. It was last day of Q2 also. It may explain price action of yesterday.

  16. THANKS MIKE

  17. all Mike is missing to color his hair purple and start voting for Sleepy Jo Bidenovski joking…

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