Market Outlook

Quote from petesun:

What does that mean?
Are we reaching the bottom now for equity?
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It means that the joker is running out of excuses for his pathetic calls on the market. Note his calls ( twice this year ) for a market crash when the S&P 500 hit around 1260 level ( just above support ), and his insistance on shorting Gold forever.

GrandSuperCycle holds the title for the WORST market analyst to post on this site. In order to keep this title, he needs to recycle his old calls over and over again in order to prove he is capable of making the EXACT SAME MISTAKES many times, even in a 12 month time period.

Thing is, he's too stupid to realize/admit when he's wrong, which is often. This might improve his credibility. Not going to happen. Perhaps he's a comedian and its all a joke, and like "retaildaytrader" he'll eventually post he was merely mimicing bad investment analysts for comedic effect.

Remember, he "urges extreme caution ... ". Doesn't sound serious to me.
 
1250-1257 SPX


SPX breaks these areas next support isnt until 1225 or so then the big question of SPX 1200 comes into play....big drop could be coming even quicker if they dont prop it up soon above 1260+ but as well have all seen so many times before they will bounce it right back to 1300 within days as this has been the case over and over and over again!
 
Quote from S2007S:

Think the market will get a relief rally today, most are waiting for the SPX to break its lows from March and eventually see the SPX close below 1250, but I think they will be able to keep it propped up the rest of the week.
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Son,this actually wasn't a bad call.Not bad at all.I knew you had it in you.Glad to see you in the congregation at the Holy church of America. (welcome brother,welcome,amen)
But son can i ask you a question in all seriousness,a question that may seem,on the face of it,antagonistic,hell,just plain rude?

Did you ever find yourself trying to trade your way out of a paper bag? I mean,could you?

No, son,son,son... hear me out here.
Tell me are you a patriot?
Do you love your country son?
Wanna get behind the flag and lend your weight to the cause for once?

When you made the call..how far was you planning ahead son? I mean,did you anticipate the market rising steady into the FOMC this week? which it did (yes it did,praise be,yes it did) Did you anticipate that it would sell off soon after like it has today,as it often does(it does,praise be it does)
Did you spot the first signs of weakness after the highs on FOMC yesterday?
If you did all that son,how well did you act on it? Did you make good coin? 'Cos if you did,wouldn't that be a shining beacon of light that says to everybody 'yes we can' ?
Are you in danger of turning into a real trader at last? Are we seeing the first signs of a worm turning here? I hope so son,i pray for you.
 
Quote from S2007S:

1250-1257 SPX


SPX breaks these areas next support isnt until 1225 or so then the big question of SPX 1200 comes into play....big drop could be coming even quicker if they dont prop it up soon above 1260+ but as well have all seen so many times before they will bounce it right back to 1300 within days as this has been the case over and over and over again!
More...

Are you backing it son,are you? Got your orders ready? Gonna take a view and put some dollars behind it?
Can't you see that saying things like this is just not interesting,it's just a record of you blowing hot air?
Don't you know that people are only interested in watching you make an obscene amount of money or proving once and for all that you're a horses' ass?
 
Quote from S2007S:

1270 SPX

AAPL pushing to the upside, possible turn around this afternoon coming!

Let the PROP job BEGIN!!!


:p
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I agree with you 100%. Also check out ADI. I believe S&P will zoon to the green territory (shedding off the losses) as we get close to market close. Conservative approach is to buy SPY (ETF).
 
Just like magic the markets are going up!

Once the nasdaq goes green in a few short minutes the DOW and SPX will follow.


No need to worry as the market has once again gained traction before breaking down past March 2011 lows, happens every single time!!!
 
Quote from S2007S:

Just like magic the markets are going up!

Once the nasdaq goes green in a few short minutes the DOW and SPX will follow.


No need to worry as the market has once again gained traction before breaking down past March 2011 lows, happens every single time!!!
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Precisely. The time to sell was May 1st...The time to buy is Q3.
 
Nasdaq Intraday highs!!!


If they can keep this momentum going by the close all indexes will be green which will be followed by a market rally in Asia and Europe markets tonight followed by a rally in the SPX tomorrow.


Even RIMM is up almost a Dollar

:p
 
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