Surf Report

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We expect buying after NFP to push the DJIA back toward or over 21000.
And then we expect continued buying before and after FOMC to push the DJIA back to new all time highs.
 
Also as i write this the NDX is down only 25pts from its recent all time high, that is less than 1 ATR.
So we could easily see new all time highs tomorrow in the NQ.

This is another indicator of how weak this sell off has been. Feels more like a minor pullback at this stage.
 
marketsurfer said:
hindsight trading.....
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Hindsight? I usually predict (making a forecast in advance) and damn accurately:

Pekelo said:
Huge gaps eventually get filled and I counted 4 gaps left behind in the last months. As a minimum this last one from 2365 SPX will be closed in 2 weeks...
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This was posted on last Sunday and 6 trading days from the gap, yesterday the market closed the gap. Now if my current prediction is right, your short will get screwed tomorrow.

You called the top for AMD after it already sold off 20%. THAT is hindsight... :)

This just in:

http://seekingalpha.com/article/4053640-goldman-sachs-snaps-613-million-worth-amd-stock

Apparently, they are not reading the Smurf Report... And for fun, I am going to agree with your original guess, AMD will break $20 this year. :)
 
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Pekelo said:
http://seekingalpha.com/article/4053640-goldman-sachs-snaps-613-million-worth-amd-stock
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Hmm... what would their reason be, a 5% stake? Because a few days earlier..:

http://www.cnbc.com/2017/03/07/buy-nvidia-because-its-new-high-end-graphics-card-will-hurt-amd.html..

But that was just a comment by an analyst though...

Intel's contract with Nvidia is almost up for grabs... they might go with AMD? But they are competitors in the CPU segment... maybe Intel is looking to buy??? And GS has got insight?
 
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