ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
I saw mention of the 3920 level and I agree it's a good target by EOW. 3923 specifically.
Tomorrow is the last trading day of August. Statistically, there's actually a small bias towards a negative change (67 %) over the last 13 years.
Thursday is the first trading day of September. No strong edge there either on that basis alone, but biased towards a red close.
September is historically the worst month of the year for the stock market, though. I'm not sure I see a reason for this year being an exception.
Tomorrow is the last trading day of August. Statistically, there's actually a small bias towards a negative change (67 %) over the last 13 years.
Thursday is the first trading day of September. No strong edge there either on that basis alone, but biased towards a red close.
September is historically the worst month of the year for the stock market, though. I'm not sure I see a reason for this year being an exception.
September is historically the worst month of the year for the stock market, though. I'm not sure I see a reason for this year being an exception.
The plan is to fund $40k in an separate account for one ES carry trade towards Christmas, expecting 200 points holiday rally minimum.
800 point stop?
if i worship tom lee, absolutely.
https://www.cnbc.com/video/2022/08/...ially-evaporated-says-fundstrats-tom-lee.html
Lol, that guy. In the spring before we bottomed he was at 5K YE target, then upped it to 5100! Now I see is is back to +4800 by YE. I guess the Powell talk spooked him.
Do these permabulls ever get fired these days? Back in the day when the market actually moved in normal fashion, if you made a bad prediction, they take notice (ie. get your ass fired).
If that were true, Cramer would have been fired many many years ago, because according to him, there is always a bull-market somewhere.
Of course, he also predicts occasional pain, and is Howard-Sternesque with his style, so he keeps the ratings high and gets a pass.
But people like that Lee character pontificate in a cloud of haze, while looking slightly cross-eyed. The FA of the market does not suport a run to 4800+ in 3 months. We may run higher, but not that high, after the hammer Powell just brought down.
The SP's ONLY chance left at closing the year positive is super-soft inflation prints and weaker job growth through year end with an indication of a pivot sooner-than-expected by Powell.
Hmm, I've always thought Cramer was more of an infomercial clown than a street analyst. Anyway, my point is that if you're an analyst making calls publicly (especially an unrealistic target that even a 5 year old would likely think of as crazy), then you should eat your words. Be a man and take responsibility. But it seems like nobody on Wall street takes responsibility any more.