Bulls 4, Bears 0. Will Earnings and Full Moon Help Bears?

SPY Next Week

  • Bullish

    Votes: 16 28.1%

  • Flat

    Votes: 7 12.3%

  • Bearish

    Votes: 21 36.8%

  • I prefer to keep my opinion to myself

    Votes: 13 22.8%
  • Total voters
    57
a major battle is being fought in XLF. look at 3 dojis/dark filled candles in a row! usually there is one around a market turning point now we have 3.

and give me a break that the financials are worth 15-20% more now than 1.5 months ago. nothing appreciates that fast. it is not like we are coming out from 911 attack.

attachment.php
 

Attachments

Rallies continue in Asia market, Nikkei above 11k!!!

MAJOR ASIA INDICES
*NIKKEI
11066.07 +79.59 +0.72%
*HSI
21365.28 +127.85 +0.60%
*CHINA
3117.51 -6.28 -0.20%
*S&P/ASX 200
4920.60 +23.32 +0.48%


Getting ready for the over night rally in the futures, I feel another .50% rally coming tomorrow.
 
i suspect there no genuine Longs in this market.

there are just two types of Shorts: the first kind is dumb, overleveraged and is carrying his shorts overnight. often they are forced to cover in the morning fueling the rallies. the second kind of Shorts is a smart intraday Short: he fades the morning rallies just preying on his dumber brethren.
 
I remember a day when the Dow was down 50 points but it was long ago. Really I wish my longs were doing as well as the Dow but most of the stocks I watch are not hitting new highs at all and I want to sell bad. Shorts also churning. I think these up days for the last 2 months are BS, wish I was in a dow etf only.
 
Quote from abducens:

I remember a day when the Dow was down 50 points but it was long ago. Really I wish my longs were doing as well as the Dow but most of the stocks I watch are not hitting new highs at all and I want to sell bad. Shorts also churning. I think these up days for the last 2 months are BS, wish I was in a dow etf only.
More...


Just buy DDM, you will get double the upside of what the dow is doing, its risk free money since the market is only going one direction.
 
Quote from shortie:

A Quiz:

let's say you are managing a fund and you are happy to match or slightly beat SPX performance for the year (which is better than 50% of your peers). you went long SPY on the first trading day of the year. even though you were dumb enough to sit through Feb correction, by March 26 you are +4.62%. If you keep this rate of return by the end of the year you will be >+18% - a great return! consider that SPX has returned ~10% or less over how many previous years on average.

Look how bonds bounced many times from the level they are at now. One is likely to make a couple of % or more.

Given a good chance that the market is overextended right now, why not move your money into bonds and re-enter SPY after the correction is over?
More...

maybe it is my imagination, but the money may have begun to move from SPY to TLT.
attachment.php
 

Attachments

Quote from S2007S:

Dont worry about the bubbles being created right now, remember as I said the only way out of this economic downturn is to create asset bubbles, that's ALL THEY KNOW how to fucking do, this economy is completely upside down. Bubble ben bernanke is creating the next bubble that will hurt the economy just like the other bubbles have, they believe that creating an economy is to run up deficits and create false bottoms in housing. Oil at 80+ is in a bubble, especially when comparing where the world economies were in 2007 to where they are today.
More...

I don't recall a bubble ever declared for an index that was not at new highs. Why do you think the market is at a bubble? Which market are you referring to? The market might be over valued, but bubbles really imply that mom and pop are all-in, which is not the case if you see the cash on the sidelines -- and before you say that I am crazy bullish, again I am saying markets are overvalued and there are lots of ways to work it out. Eg. earnings increasing and markets flatline.
 
You must log in or register to reply here.
Back
Top