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should open at $40 after the halt

Buy SPY now. It is 129.17. It will go to 132 in a week. Or you can sell naked PUT 129 for June 17. We had 6 days of down days. Expect a big rally. At least short term.

Analysts will use this 40 days to accumulate the shares in weakness and after the earnings, they will call the stock a strong buy and then will unload their shares in strength. My opinion: TXN is a strong buy now. Better than TXN is ADI

Actually that was expected and it is a very good outlook in this market. TXN should rally to $35 to bear's surprise. TXN trims down the md Q outlook and then delivers in its highest estimate.

You have to dig to find quality stocks. TXN, ADI, LLTC,... will be up 3% in 1-2 weeks. CSCO seems be ridiculusly oversold. It is the most hated stock in the market. It can be considered a value stock. Might rally because of any change in company's management which seems possible.

It is possible. Don't get caught by the bad news. Everyone knew that including me that I sat on cash and today I bought SPY at 130.12. Now big traders might want to squeeze the shorts to confuse them. It is all game.

I hope market teaches Groupon a lesson so that no more shitty company will dare to go public unless they have a substantial business with good income. Selling Spa coupons for $70 which is $400 value !!!! is absurd.

Thanks. Now the time is 11:42 ET and market is down. I believe S&P will rally toward the close and we will close in green. I am not bullish about the market but today's selloff is overdone.

It won't help. You will make a mistake in your trade and you would get advice to repair your trade and people make fun of your bad trade and your ego won't let you to get out of your bad trade because you posted it and want to prove that you are right. If you don't post your trade, you can...

I am a happy camper. I am buying ADI at 39.90. Order has not gone through yet.

I also did a quick check on S&P June 1st 2010 data and it was down. So the first data that I tested invalidates your theory. May 28 close 1089.41 June 1st close 1070.71

No I was not aware of that fact. My trade is also protected bullish (selling naked PUT 131). I won't lose if the market goes up or drops like 2%.

That was a great prediction. I am still short term bearish. I am not stubborn and I consider the facts but I am not buying at this level. I just sold 11 PUT SPY 131 June 3rd for 0.15.

Great prediction. Congratulations:)

My final word: I was wrong. I did not do any trade today.

So far it seems that I will be DEAD WRONG. I had 11 naked PUT SPY 131 and 10 naked PUT SPY 132 which will expire worthless today and I will collect the premiums (about $1000). I predicted that market will dop and I can sell more naked PUTs for next week but now the premuims are low and I have to...

Exactly. Don't do a billion dollar trade based on my prediction:D I am a swing trader and I use my predictions to see when to get into the market and when to get out (when to close my shorts and go long or vice versa). I trade options 95% of the time.

We I was expecting the market to give up some of its gains at close which did not. So as you said was not interesting or it was not as I predicted that would double confirm my today's prediction but I still believe today market should be down. Now it pre-open it is slightly up.

It was the only mistake. I still believe Friday (5/27) market will be down over 0.5%.