Just my unadulterated opinion, but me thinks that the markets
remains bullish through the holiday weekend and then, starting next
Tuesday, we start to go down. In fact, I feel so confident about
this call of mine I am actually going to buy about $500 dollars
worth of SPY puts on Friday at the closing bell.
HW1nyc
What is this bet based upon? I hope more than some analog
chart. I've seen dozens of these and rarely have I seen one
play out. And if you are inclined to short something, why not
one of the lagging indexes, like IWM or BKX?
I agree with you that there have been so many of these things
over the years and it's even on Drudge report now LOL, it's best to
follow price action, patterns etc and get your triggers that way.
Now could I see some pullback after the holiday sure, but I'll
make my decisions off the charts as they unfold
I'm going to do a lotto trade on that. Especially if we go
parabolic into the close on Friday, it will only confirm my
suspicion that there is a lot of manipulation going on in the
markets by the Fed. Note: Grandma Yellen makes some really good
chocolate chip cookies from what I understand.
Posted by jdaswani on 14th of Feb 2014 at 09:04 am
Guys remember weather does have an impact on markets. A lot of
firms are working remotely as its not safe to travel in the North
East. Simply put, Low Volume, Extreme pessimism & lack of
fundamental news is a nice formula to rally.
Call me boring, But markets broke 50dma, recaptured &
retested the 50DMA. Guess what that's your line in the sand.
$1810.39 SPX. As long as aboce, just play setups on stocks and
forget the market noise
Short term there is now some negative divergence on the SPX 60
minute charts but as yet no clear sell signal. The bulls initial
support area to monitor is the primary pivot around SPX 1823.
Losing that opens the door for more downside.
I would spend more time in preparation for your investment or
trading setups than on prognostications. What happened to Tom
DeMark's call just last week? Again, trade what's in front of
you. If the market reverses course, adjust accordingly. Too many
waste time on this stuff by listening to so called experts.
Instead, focus on the EVIDENCE that charts provide and adjust
accordingly on the time frame you trade or invest.
lol looks like the analog
1929 comparison
Posted by himsa on 13th of Feb 2014 at 03:57 pm
lol looks like the analog didnt work out....shucks!
Title: bullish into Holiday weekend Just
Posted by hweinstein4 on 13th of Feb 2014 at 04:07 pm
Just my unadulterated opinion, but me thinks that the markets remains bullish through the holiday weekend and then, starting next Tuesday, we start to go down. In fact, I feel so confident about this call of mine I am actually going to buy about $500 dollars worth of SPY puts on Friday at the closing bell. HW1nyc
What is this bet based
Posted by mugsy on 13th of Feb 2014 at 06:07 pm
What is this bet based upon? I hope more than some analog chart. I've seen dozens of these and rarely have I seen one play out. And if you are inclined to short something, why not one of the lagging indexes, like IWM or BKX?
I agree with you that
Posted by matt on 13th of Feb 2014 at 07:27 pm
I agree with you that there have been so many of these things over the years and it's even on Drudge report now LOL, it's best to follow price action, patterns etc and get your triggers that way.
Now could I see some pullback after the holiday sure, but I'll make my decisions off the charts as they unfold
Title: pullback after the holiday I'm
Posted by hweinstein4 on 13th of Feb 2014 at 07:31 pm
I'm going to do a lotto trade on that. Especially if we go parabolic into the close on Friday, it will only confirm my suspicion that there is a lot of manipulation going on in the markets by the Fed. Note: Grandma Yellen makes some really good chocolate chip cookies from what I understand.
Weather/50DMA
Posted by jdaswani on 14th of Feb 2014 at 09:04 am
Guys remember weather does have an impact on markets. A lot of firms are working remotely as its not safe to travel in the North East. Simply put, Low Volume, Extreme pessimism & lack of fundamental news is a nice formula to rally.
Call me boring, But markets broke 50dma, recaptured & retested the 50DMA. Guess what that's your line in the sand. $1810.39 SPX. As long as aboce, just play setups on stocks and forget the market noise
Short term there is now
Posted by steve on 14th of Feb 2014 at 09:12 am
Short term there is now some negative divergence on the SPX 60 minute charts but as yet no clear sell signal. The bulls initial support area to monitor is the primary pivot around SPX 1823. Losing that opens the door for more downside.
I think that is 1823 cash and around 1817.75 futures
Posted by zach06 on 14th of Feb 2014 at 09:15 am
A audio interview with Tom De Mark economist
Posted by amcap on 14th of Feb 2014 at 12:07 pm
http://www.glennbeck.com/2014/02/13/uh-oh-stock-market-is-tracking-just-like-1929/
Looking at the chart of the DOW, SPX and NAS they
Posted by torvix on 14th of Feb 2014 at 02:45 pm
Correct zach and thanks for
Posted by steve on 14th of Feb 2014 at 09:23 am
Correct zach and thanks for clarifying
I would spend more time
Posted by steve on 13th of Feb 2014 at 09:16 pm
I would spend more time in preparation for your investment or trading setups than on prognostications. What happened to Tom DeMark's call just last week? Again, trade what's in front of you. If the market reverses course, adjust accordingly. Too many waste time on this stuff by listening to so called experts. Instead, focus on the EVIDENCE that charts provide and adjust accordingly on the time frame you trade or invest.
If this is a facebook
Posted by arun on 13th of Feb 2014 at 09:40 pm
If this is a facebook post- I would have pressed "like". Maybe you should have that "like" button Steve :)
Having enjoyed and benefited from
Posted by cubby on 13th of Feb 2014 at 09:56 pm
Having enjoyed and benefited from the many tutorial concepts, Matt & Steve are real enough.
Yet the great majority of Facebook 'likes' are fake, harvested from emerging market, sweatshops called "click-farms." Yes, really!
Fake like a Worldcom earnings report or HealthSouth, Enron, et al.