Gotta love ZERO RISK in the SP500 = $$$

I believe this correction is a good thing, takes a lot of excesses out of the markets. However I just don't see the fundamentals in place to create a bear market, not yet anyway. Earnings will prove my point. Is it wise to take profits after such a long run, absolutely.
 
S2007S said:
No not yet...the low on the s$p is 2532

Dow low for that day is 23360

Both lows from February 9th!

I believe the Dow breaks 23000 next week!!



Keep in mindi the s$p is a few points away from dropping under it's 200 day moving average of 2585!!!!!

That's not good news!!!
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Those are not closing lows.
 
S2007S said:
The top is almost here!!!!

After reading this you can be sure the bear market is literally minutes away!!!


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Just make sure you have 1 billion in startup capital, to ride out those initial losses while tweaking the system.
 
Rickshaw Man said:
I believe this correction is a good thing, takes a lot of excesses out of the markets. However I just don't see the fundamentals in place to create a bear market, not yet anyway. Earnings will prove my point. Is it wise to take profits after such a long run, absolutely.
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the other side to that is that stocks are forward looking.. maybe we have reached "peak good news".. every thing is priced in and stocks could sell off even beating Q1 earnings with the expectation that it's all downhill from here. lower stocks will just begin a negative feedback loop. It's not looking good.

regardless.. I think the February lows are worth a buy for a bounce at least.. I think it opens lower Monday but finds a bid. that 5% slide in 2 days since the post FOMC was EPIC.. could very well keep it's place in history
 
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Anyone shorting?
NQ is up 100 points, ES Up 35 points since last closing
should level off maybe 10 points on ES before blasting another 25-30 points during regular hours
 
kashirin said:
Anyone shorting?
NQ is up 100 points, ES Up 35 points since last closing
should level off maybe 10 points on ES before blasting another 25-30 points during regular hours
More...
Im adding more to my shorts during this rally. Expect the markets to go lower in the coming years, this is not any day trades, might even go back to 2700 this week.
 
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