Gotta love ZERO RISK in the SP500 = $$$

S2007S said:
I haven't put on any trades in about a week, ever since the nasdaq broke out to historical highs I haven't touched this market, my last darted was June 15th, waiting for the nasdaq to fall a good 3-5% before I even dip back in, hopefully its a 10%+ dip...everything in this market is just to rich for me....no need to buy here and hope for a 2% rise when the chance to the downside in my opinion is greater, but who knows, we all know these markets only move up so next week with job reports and ISM figures and especially greece, if those all come together perfectly the dow could surge to 18,500....no such thing as corrections. Or is there, hmmm
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That is why BTFD is failing...you stopped buying.
 
Not sure if you guys follow this, I have Naz, INDU and SPX charts running on same screen, provides a bit of arbitrage at times, just like a little while ago Naz started selling off before others.
 
semi index is literally falling apart, micron technologies is just tearing it apart....off nearly 19% and at fresh 52 week lows, this is not good for intel and the rest of the semis in the short term, I was actually looking to buy SOXS but was waiting for more of a pull back below $37 to get in, went to $38 and change and is now trading up to $44+ go figure....its up huge today...I own a little SOXL that I had very nice gains in up until a few weeks ago, I was surprised when the nasdaq touched historical highs that the semi index that was very strong wasn't making new highs with the nasdaq, that should have gave me a hint to sell...
 
romik said:
Not sure if you guys follow this, I have Naz, INDU and SPX charts running on same screen, provides a bit of arbitrage at times, just like a little while ago Naz started selling off before others.
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As I said this morning its the semi index thats knocking it down, it was a given that after micron announced the nasdaq futures were weak since early this morning....if it wasn't for Micron Technologies the nasdaq would have been up over 30 points early this morning with the dow up 100+ but the semiconductors prevented that from happening.
 
romik said:
Not sure if you guys follow this, I have Naz, INDU and SPX charts running on same screen, provides a bit of arbitrage at times, just like a little while ago Naz started selling off before others.
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Yeah i follow both, its useful to know when there is divergence, if nazz is down way more than sandp generally you know rallies in the sandp are going to fail, or vice versa.
 
Had to step out for a bit to meet a client.

Gold is looking good, SPX is looking poor, which I'd not expect judging from how zealously bullish the last few hours of posts are.
 
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