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Dow futures up triple digits.....

Free money is back on as the vix plummets to single digits!!!!
That February dip was the only buying opportunity, next dip wont be back until 2024 or so, by then the Dow will have surpassed 6 digits....yes the Dow will probably be around 278,000 and that's a very, very conservative estimate, and let's not forget about Amazon, that will be trading around $17000 a share.....
:)
Dow 27000 soon...new highs in 3 weeks! Maybe sooner. Tomorrow an easy 250+ point jump! Nasdaq will lead the way again tomorrow with tech in front as always.
 
i960 said:
IMO this *was* the contrarian move man, and that's one of the reasons it moved up without a single dip - tons of people offsides. Once this thing cleared 2735 you should have abandoned all hope on the short stuff and went balls deep long.

Everyone earlier in the week (not necessarily in this thread) was seemingly waiting in unison for the next leg down almost as if that was the standard expectation of some kind of head and shoulder thing playing out. A cursory observation would reveal both bearish looking action but also the market not cooperating with it and when a market doesn't do what it "should be doing" that should be a huge tip off to people to consider if a crowded position is about to get killed. That Cohn gap was a gift and even if he hadn't have resigned the market most likely still would have went there anyway - it just gave it the excuse to do it that much more quickly. Gap not only filled (duh, this is ES we're talking here) but it refused to break lower after and one's spidey sense should have been on alert at that point. Hell, the real troll move would have been to kinda break lower, trap shorts, and then rip everyone's face off that much more.

View attachment 183573

We're now at the 61.8% extension off that IHS looking thing (4h chart) that bottomed in the beginning of the month. Next one up is the 2820 area *if* we clear higher from here. Nothing is guaranteed and this could start playing out into some kind of W/double bottom looking thing be it from here or even from 2877. That's probably the better outcome for bulls but the bear flag risk is still ready to play out as well. On the HTF it could also just simply be a 38.2% pullback and we're on our way to all time highs again, and as annoying as that it is, never underestimate just how ridiculous it can get. At some point though central banks will have their hand forced by inflation and if history is any guide they'll be behind the curve as usual. Everyone should have an eye on 2s, 10s, and 30s at all times as many of the big entities pumping money into equities also have their eyes on them. There's plenty of pensions that *do not* want to have all this equity exposure and if a lower risk option can provide a suitable return after nearly a decade of monetary terrorism you can bet your ass they're interested.

IMO it's also good to cross check things across all the various indexes, including DAX, FESX, FTSE100, SPI/XJO, HSI, HHI, N225, TOPX, A50, TAIEX, you name it. If it's a major index check it because it can give a clue to the next move in your index of choice (or multiple choices for that matter). It's a giant pile of easy money being shifted around from one place to another on an ongoing basis and your job is figure out where it's going or not going next.

PS: I've also got my eyes on AAPL due to the upper channel on the *monthly* and it's inability to break 180 for weeks now (potential double top). It's one of the more "honest" stocks out there and can serve as a barometer at times when it doesn't have it's own sentiment party going on. Russell's also on a tear so that's something to keep in mind as well.
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Coulda woulda should of
Maybe if I was soes I would post some hindsight bullshit but it is what it is. Sometime as a contrarian I am wrong but the same style had me short from 2780 and reveresing long at 2650, it just overshot my 2727 objective to turn back and finally took some of the easy money back. Thanks for the chart update
 
S2007S said:
Dow futures up triple digits.....

Free money is back on as the vix plummets to single digits!!!!
That February dip was the only buying opportunity, next dip wont be back until 2024 or so, by then the Dow will have surpassed 6 digits....yes the Dow will probably be around 278,000 and that's a very, very conservative estimate, and let's not forget about Amazon, that will be trading around $17000 a share.....
:)
Dow 27000 soon...new highs in 3 weeks! Maybe sooner. Tomorrow an easy 250+ point jump! Nasdaq will lead the way again tomorrow with tech in front as always.
More...

Okay, you win. You are the most bullish of them all. Congrats.
 
Amazon adding yet another $5 billion in market cap this morning....
That would be $100 billion a month and $1.2 trillion a year at the rate it's moving :)
 
Inflation numbers tomorrow and retail sales on Wed. Just a heads up.

For non US traders note that US is now on daylight savings time. Caught me out yesterday....but put another 100 Dow points in my pocket, so can't complain too much.
 
S2007S said:
Amazon adding yet another $5 billion in market cap this morning....
That would be $100 billion a month and $1.2 trillion a year at the rate it's moving :)
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you could always buy a small amount. the most you lose is -100% of the investment.
 
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