Its earnings season--market ready to decline

Will the S&P 500 be higher or lower at the end of January?

  • It will close higher than 1145

    Votes: 38 39.2%

  • It will close lower than 1145

    Votes: 47 48.5%

  • Not sure

    Votes: 12 12.4%
  • Total voters
    97
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Quote from plastic man:

I agree 100%. There is a correction coming very soon. It will be sharper than people expect. There is little upside left in this market.

And here comes expiration and earnings. S&P will be under 1100 very soon. Easy money.
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Easy money! Ka-ching!
 
biggest sell off in quite some time, markets always fall faster than they rise.


s$p has broken 1115 area....lets see what happens by the 4pm closing. The bulls can come right in at 2:30 and buy this market into positive territory.
 
Quote from shortie:

i smell some buying going on. won't be surprised for a bounce today or tomorrow
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Yea, I think a bounce is coming as well however who knows what the upside potential is, I think there is more risk at Dow 10500-11000 than reward going forward. I'm sure the markets will gain back 2/3 of these losses over next week. This however feels like a real market now, all those days of straight gains followed by all these bullish calls was enough to tell you it was time to start selling, some people get too greedy when it comes to just the thought that markets can keep going higher and higher without any potential pullback. The rally this market has had, up over 70% from its lows during the worst credit crisis in history doesn't make much sense, but when you have trillions of dollars being pumped into the market anything goes I guess.
 
Quote from plastic man:

I agree 100%. There is a correction coming very soon. It will be sharper than people expect. There is little upside left in this market.

And here comes expiration and earnings. S&P will be under 1100 very soon. Easy money.
More...
Easy money !! Free money !! Ka-ching-o !!

Ka-ching-o !!
 
Quote from Ivanovich:

Not on that, but I did by VXX a week ago at 28. I'll hold that for a bit.
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Well the vix rocketed on friday--after you posted this--so good trade amigo!
 
Quote from Ivanovich:

Not on that, but I did by VXX a week ago at 28. I'll hold that for a bit.
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Going long the vix not such a great move after all.

You would have been wise to simply follow my advice on the thread.
 
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