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
Quote from noddyboy:

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.
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Yeah except the prospect of increasing interest rates to cover the Treasury auctions has the FED nervous and a "scare" would drive money back into bonds short term.

this is musical chairs.

Equities, real estate, bonds, equities, commdoities, equities........
 
small edge to be short yesterday based on low volume in previous days. the edge is used up pre-market with SPY -0.4%


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http://quantifiableedges.blogspot.com/
 
Quote from Lojanica:

Up into mid-april.

Support 1162, 1152, 1092, 1060

FED said the best way to make jobs is to push the broad equities market higher!!!
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We sold right to support at 1162. Can't take this market down......yet....
In a week or two the rally will be forgotten and it'll be news about all the bad stuff.....
 
You can just feel the amount of pull this market has to the upside, they will not give up, the russel is almost positive, while financials AGAIN break out to new intraday highs.
 
A little sell program hit at 1167. Kinda expected. The market is foundering. More and more effort to maintain its upward momentum. A safe short is coming soon. The sell at 1167 was for real. A fund used the futures to hedge their longs.
 
It certainly feels like a good short ... which is why it probably is not. I'm not buying dips anymore, but I'm not going short either. Smells like a trap.

I'll just continue scalping the hell out of aud/jpy.
 
any one who is wondering what PPT is.. look at how market is ignoring negative news... glad I did not fall into this trap too..

but I am having an aye on the afternoon session....
 
Quote from Lojanica:

We sold right to support at 1162. Can't take this market down......yet....
In a week or two the rally will be forgotten and it'll be news about all the bad stuff.....
More...

Like a script. Money will move into bonds sparking a bond rally allowing the FED to sell their worthless paper at artificially low prices while monetization unfolds.

The good news is volatility at some point will spike when the music stops and everyone scrambles for a chair.
 
using a continuous price chart such as the SPY, stocks still have another 20% up move from here.

Will there be a pullback? sure there will always be one or two good ones. Any pullbacks will be buying to add to core positions.

Economy is strengthening and large dumb funds holding cash and dumb retail money will be jumping in once yearly taxes are squared off. Things may slow down at the end of the year as earnings begin to decelerate again.

This is a good year for stock bulls. It's going to get more vicious for dumb short sellers. Which appears to be most here on ET. But then again I wonder how many of you actually trade for a living. Probably no more than 5 members out of the entire board.
 
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