Gotta love ZERO RISK in the SP500 = $$$

Nine_Ender said:
One of the best trading signals on here is to go long US indexes when S2007S starts posting these mocking posts or buying triple etfs against trend. He's kind of a barometer when fear is overtaking common sense and many ppl won't see fundamental plays. TSX when it hit 14900 last week seemed oversold to me and it was. Value plays would be stocks like CM, BMO, and MG on dips. More daring plays are in the energy and gold sectors which have sold off considerably the last 2 years.
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Haha good to know Nine_Ender - so can I just do opposite of what S2007S does and expect to profit?
 
Nine_Ender said:
One of the best trading signals on here is to go long US indexes when S2007S starts posting these mocking posts or buying triple etfs against trend. He's kind of a barometer when fear is overtaking common sense and many ppl won't see fundamental plays. TSX when it hit 14900 last week seemed oversold to me and it was. Value plays would be stocks like CM, BMO, and MG on dips. More daring plays are in the energy and gold sectors which have sold off considerably the last 2 years.
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There were lots of bears at the end of January, and yet we had the biggest sell-off in several years. So your theory doesn't always work either.
 
2745-2750 then get out and watch IMO. If it rips to 2800 tomorrow (which I doubt) then it's another story but until then just date it don't marry it.
 
OPEX max pain for the SPX tomorrow is around 2720 I believe. Despite this I think it might close 2700-2720 on selling pressure from long weekend profit taking by trend followers who bought in since 200 DMA. Then again, market can also just go parabolic despite OPEX. Lets see what happens.
 
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Small long with a stop at 2732.
Stopped out, going to wait and see if it dips after the US open and try to buy that dip instead.
 
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nickynoes said:
Small long with a stop at 2732.
Stopped out, going to wait and see if it dips after the US open and try to buy that dip instead.
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Weren't you going short the day the cpi numbers came out and I said you were too late and that there was going to possibly be a turnaround in the markets to the upside....now you are trying to buy a dip after the markets have surged 5 days in a row....Dow is up 1800 points since it's low set last Friday at 23360!!!
 
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