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Why? Someone correct me if I'm wrong but I think that the q's are large cap techs and big money will buy them first before the others. The NAS should follow.

Something to note......... The Q's took out the June and August highs today.

Current record: 3-4 resistance at 114 will prove too much for the bulls

This may be the low point in the shoulder of the H&S formation. Wouldn't that be a mind blower? Everyone's bearish because it's September and the Bulls come in to stab our brains with our nosebones. :eek:

And the early start to a holiday rally.

Charles Nenner? Anyone ever hear of him? He was on Bloomberg making some wild calls. http://www.bloomberg.com/video/62419728/

No, he's not always right. If I remember correctly he was bullish back in April. Allright then, he's off my list:mad: Gartman stays though.... for now ....I guess maybe:confused:

Shortie, I see your a fan Birinyi, I am also. Thanks for posting that. He is one of the very few I listen to, the other being Dennis Gartman. As much as I try to call the shots myself their opinion probably effects my opinion. Hot July markets lead to a sell off and a good buying opportunity in...

Current record: 3-3 I'm ridin' with the Bears again this week, too many "Beer Fleggs" :D The Stock Traders Almanac (STA) agrees with what Shortie has posted about Labor Day. STA says that there is bullishness the day before and two days after the holiday. On their chart of the days of the...

LOL "beer fleggs"

we're due for bounce into the end of month

The Market shrugs it off, futes little changed

Zit lookies mo lik a inverze Hed+Shoderz butom!

Anyone notice that the UUP and the SPY have been negatively correlated since July 1?

Current record: 2-3 I'm ridin' with the Bears again this week. My reasons: Seasonality: Bearish Dollar: Bullish SPY: Bearish Industry Group Rankings: Bearish Industry Group Rankings (Manufacturing): Bearish Economic Data (ISM Survey): Bearish HOWEVER, it does look like there is...

Yes but then we wouldn't have the fun of voting in Shortie's poll.:)

I was right (Bearish) last week so now my record is 1-3. :cool: :) I guess with the VIX starting to rise and the large dark candle that we now have on the weekly SPY chart I'll be chillin' with the Bears again this week. We are now in the worst two quarters of the sixteen quarter presidential...

The 50 day is toast this morning. Where to next on the SPY? Next major support around 104.

Markets are reacting to yesterdays Fed meeting. This could bring the SPY down to it's 50 day this week

I'm 0-3 on these polls and I voted for the Bears because the VIX is low (complacency) and it's August.