Search results

I think the market will turn slightly to the upside here, to end off the lows.

Two days action cannot tell anything. If the market was going far then today would have been a strong one; it is not. So the upside is losing momentum, but it does not mean we are going to crash from here (although everything is possible). We may go back visit the lows, that's what happens most...

That's correct for long term bottoms. This one is in the works, but will not be a long term one, 10-12 weeks. I believe there is a shakeout going on, it will move up when people are desperate and sell, then they will be chasing it to the upside. We may see the low 2346 being challenged in the...

Today's action is pretty strong, it is very likely the beginning of a good bounce; the next two days will tell more how far the market will go up. Tomorrow should see a strong action to the upside if this rally has legs to the upside. If the market opens strong, expect it to soften in the...

I think the selling looks like it has run its course; everybody is bearish; it is time for a relief rally to 2575-2630. Expect markets to tumble Wednesday and recover; but nothing is immune to a retarded tweet.

Trying to spot the exact low is a losing game obviously. We did close below key levels in both SP and Dow and if we close below those levels for the month that would signal and uglier than ugly market, and even 1800 will not hold. We will get this bounce, we should not be far from it; probably...

The weak close today is certainly due to politics. Tomorrow, despite all the bad news from Washington, the market will stage a rally, the news will say "in hopes of some whatever", and will go higher than 2493. It will close below the key lows, 2530 SP and 23340 Dow.

ALL markets are manipulated at some extent, more in the short term, indices are not an exception.

I think we have a short term bottom here at 2441. It will take us to 2630 where it will be a good shorting opportunity; maybe a little higher, but this market will definitely have many legs down, before it is over.

You may be right. I don't look at anything else than indices, SP and Dow essentially and my analysis is based purely on price and volume; they can only predict from one support/resistance to another not deyond IMHO.

You are too pessimistic guys!

When we get there, we will look for signs of market bottom. For now the top is in place, unless a miracle happens before the end of the year.

Wow! The market is acting very weak, weaker than I thought, I was expecting a stronger close than this. Paradoxically this is setting up for a bigger bounce (2-300 points in SP500), but the bear market will be longer. We will very likely visit 1810 in the SP, if we get a close below 2530 on...

My bad, short term for me is anything from a week to few months.

Everything is possible. IMO, the 2016 pullback which becomes support at 1810 will be a big hurdle to break. If we get any closer to 1800, I will put every dime I have (retirement, 529) in the market for the mother of all bull markets that will follow.

No major action to be expected today (inside day). I think we may see a short term bottom tomorrow. I anticipate the market to fall to new lows (the Dow should trade bellow 23340) after FED decision if they hike and watch the market come back strong into the close. Then Thursday and Friday will...

We are probably close to a short term bottom, but today's action has nothing of a bottom IMHO.

Obviously :) You should read 2800, 2533 and 2670 instead of 1800, 1533 and 1670. Can't believe it !!...

I think the end of the week will tell a lot about the long term direction of the markets. So far my reading, suggests that the correction is not done any time soon. There will be a bounce, that could start as soon as Wednesday, to attract buyers so that sharks can short at a better price. The...

Watch for ES to go down hard the first or second trading day of January. Most of the time it does when the year was a good year.