Gotta love ZERO RISK in the SP500 = $$$

ahhh see this is why the markets are up 250+ points and headed to historical highs...

Peter Boockvar, chief market analyst at The Lindsey Group, said the muted gains in wages would likely push out a rate hike and were the primary driver for the jump in stock futures.



see its all about that rate hike, this market is all about no rate hikes, the longer they don't raise the bigger and bigger this bubble gets, the fed wont admit its a bubble but it is, this is going to end the same way it did in 2000 and 2008 where markets collapsed, this time however the collapse is going to be much worse as they will not let this market correct or raise rates which will lead to an asset bubble bigger than dot com bubble and housing bubble combined...
 
S2007S said:
today is a little crazy, the numbers were as expected but I think its all that fed talk about not raising rates that still has this market pumped up....every time the market looks like its going to break support it gets propped right back up....the s$p was literally on the edge of breaking down this week, this rally today is saving that from happening, it will happen but for now they just bought a little extra time....if the dow does lose momentum today and drop into the red its going to be trouble for next week, but for now as I said last week I think the markets make new highs and then pull back...im still short, Im in the red today with this huge triple digit gain but so glad I bought XIV 2 days ago when the dow was off triple digits, its helping me a bit today....im not selling it until the dow breaks a new high next week, its not far from there and should happen on Monday morning when the markets open...its still a risk free market, yellen said the markets looked overvalued and she said that when the dow was under 18,000, so I wonder what she will say when the dow is up 3-4% from here???
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She is just a lier because she can't say the market is manipulated, in other way she could only say the market looks a bit overvalued.
 
wow, XIV just keeps climbing, it hasn't pulled back more than 10 cents since the open, just straight up, now trading at $42.06....this is when I get stuck and don't know if I should sell the entire position or 1/2...I sold some off yesterday at $39.65, big mistake since its up over 5% right now...
 
zero pull back since the open, 300+ is coming....amazing how a job number that was in line has caused a massive rally, doesn't make much since, its not like the economy added 585,000 jobs compared to the 224,000 they were looking for, this rally should be sold or at least lighten up on any long positions you took, sell the rest after the dow breaks highs and wait for the pullback once again, this rally is way ahead of itself today...

Dow up 270 right now....not one pullback since the open, only way to have made money today was to buy the dip the last couple of days....again if this rally loses steam and we go negative next week is going to be very very interesting...until then keep trading this risk free market...

zero risk ALL REWARD ALL THE TIME!!!
 
Here is what im expecting out of this Pennant formation, by the end of Q2 that's the end of June 2015. Im going to start building a position, the only problem is contract rollover in June. I need to formulate a plan for that.
 

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  • Pennant formation SPY 2015.jpg
    Pennant formation SPY 2015.jpg
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out 1/2 position in XIV at 41.80.....have a 1/2 position on for the rally starting monday, everyone knows the dow has to close at record highs next week, I thought it was going to be this week but I missed it by a few points...
 
Rickshaw Man said:
Here is what im expecting out of this Pennant formation, by the end of Q2 that's the end of June 2015. Im going to start building a position, the only problem is contract rollover in June. I need to formulate a plan for that.
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I like that line you drew, if that holds true thats going to be awesome....that means there is no such thing as sell in may and go away, that is truly a risk free money making chart you have right there....
 
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