S&P: higher or lower next 2 weeks?
- Thread starter giraffe
- Start date
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Exactly EqtTrader, giraffe, 100% up room to go;
not a prediction however,
and actually my statement of probabilities does apply to next 20 days.
NasdaQQQ, NQ looks notably weaker;
& has trouble staying above its 50dma for long.
Rates are expected to rise , so that would likely be partly priced in, oil hasn't decreased as much as some say it should've,housing is slowing somewhat- the market still goes up.
On the flip side there a lot of mergers and buyouts, I.P.O s - that sort of activity is causing at least some positive market moves.
Autos aren't doing as good recently and are planning job cuts but AT&T has grown and are also planning 10 000 job cuts- grow or shrink i think good paying jobs will be tougher to find.
Personally I think manufacturing will have supplied the market pretty soon- I think the number for consumer debt is at 2.18 trillion-
a little bearish here temporarily, but every house has its troubles now and then
On the flip side there a lot of mergers and buyouts, I.P.O s - that sort of activity is causing at least some positive market moves.
Autos aren't doing as good recently and are planning job cuts but AT&T has grown and are also planning 10 000 job cuts- grow or shrink i think good paying jobs will be tougher to find.
Personally I think manufacturing will have supplied the market pretty soon- I think the number for consumer debt is at 2.18 trillion-
a little bearish here temporarily, but every house has its troubles now and then
Actually 100% room is downwards, upwards the sky's the limit ...
One thought: usually the Nadaq leads the market, and the Semis lead the Nasdaq. If these were to confirm now, direction isn't up.
The pre-earnings season is around the corner, and this will probably shape the market.
As always, don't neglect your risk management!
One thought: usually the Nadaq leads the market, and the Semis lead the Nasdaq. If these were to confirm now, direction isn't up.
The pre-earnings season is around the corner, and this will probably shape the market.
As always, don't neglect your risk management!