Search results

Bring up this post end of next year. I'll go on record now that we will not drop 20% from today's levels at any point in 2011. I expect the next correction will be during the summer of 2012. That being said, I like going short in January if we can rally into the year end like we usually do. I...

I actually made a fair bit of money today, the stocks I am long in ( using call options ) closed higher today. I sold my largest position after the stock made a new 52 week high this morning. I have been scaling out as I go due to upcoming expiry date. Remember, I don't trade indexes. I pick...

No need for fake news. Manufacturing numbers were very strong this morning, plus inflation was tiny again ( contrary to what one might surmise on this site ). Countering the good news was the Spain downgrade although I suspect this was somewhat expected. Minor selling today was just normal...

Smart money knows this market is still fairly cheap and is buying it up. The dumb money on ET is basically hysterical all upset because the markets are up 13% this year. I'd hate to see how some of you would react to a true bubble like we had in the late 1990s. By the time some people realize...

Buddy, how can you look at a 3 point drop on futures that occurs 12 hours before open and call it "dumping hard" ? What I see is Hang Seng up more then 200 points, Europe green, Copper looking extremely bullish ( a very good leading indicator of US market direction in 2010 ).

Your an idiot shorting this stock, especially in December. Seasonally, technlogy stocks do very well until mid-January. So your timing is terrible, contrary to your thesis.

No rate hike apparently; to be honest the "bad for the markets" talk was way overdone the fact is their "problem" stems from a successful, growing economy. How can that ever be bad for markets long term ? Shorts are running out of reasons. Many companies are raising dividends already as their...

My opinion its too late in the game to chase junior miners. Seasonality tends to end for metals around early February. If you like metals regardless, I think some big caps and mid caps have lagged the metals themselves all year and are a better gamble ( e.g. Goldcorp, IAMGold ). I agree longer...

Price is clearly showing a bullish breakout right now, yet this board it littered with traders telling everyone to go short. My conclusion however, is this board represents a small minority of investors/traders that unfortunately are destined to failure unless they change their ways. They think...

You resist giving reasons why we are at 1240, but frankly you MUST do so if you are to become a successful trader. This is your achilles heel if you cannot overcome this I am wasting my time on this thread.

The resistance was 1225-1230 and we went to 1240 finally. The chance that 1250 is some magic resistance level is almost zero. As with any important break what happens next you cannot predict, except more times then not the break continues the trend. If we were still maybe <=1232 I'd say it was...

Economic indicators are very strong in emerging markets. I don't see a descent at all. I find it interesting how many people overthink their positions now as we enter what is historically the best time to own stocks, just after we finally broke a major area of resistance on the US indexes...

Looks a lot similar to around 1998 on his chart, except volume is slightly higher now.

I don't understand why you would post a chart that clearly indicates the opposite of what you are claiming. In EVERY case on your chart, the prevailing trend blew right through 1250 like it wasn't even there. So in the current trend, the longer term indication would be to blow right through 1250...

The expectation of a hike is old news by now. You have failed in any of your analysis to indicate why the S&P 500 is at 1240. You indicated a level of frustration would occur at 1228 and there was none at all. What I noted is GE and BCE raised dividends, BMO exceeded earnings estimates and...

Mid to Late December is the best time to be invested in stock markets. Go long and make some money, the US economic numbers are fantastic lately.

Unfortunately, these skills have so far eluded you. You have posted numerous recommendations on here for 3 months that defy technicals in almost every case. You ignore when you are clearly wrong then post yet another series of short calls right afterward. The one call you made correctly was...

I posted this earlier this week : There was actually a one day delay between my prediction of a breakout upward and the actual breakout. You maintained your short both days. I will add that despite the bearish sentiment I tend to hear around my own trading floor ( and on ET ), I believe we...

A few tidbits. Jobs are the very last thing to improve in a recovery. So the main indicator now would be is unemployment getting worse ? And they aren't numbers are pretty flat. Two, you are ignoring China/India/etc, who are on a dfferent path. The top performers on the Dow ( for example )...

The Japanese had a very upbeat report on their economy two nights ago. There were a few other strong news stories and none of them were mentioned in your analysis. The inflection point idea is WAY too early given we only just broke a top a few days ago. I'm going to predict you get your reveral...