Surf Report

[MrScalper]

You missed the entire point of my post buddy. I am not arguing if the market will go up or down. I am disputing your statement that "the big boys" are getting short. You have no evidence that they are getting short. I provided evidence to show that they are Long and even Surf himself liked it.

Surf is being the ultimate contrarian here because everyone and their brother is Long right now. It could turn into a blood bath if everyone rushes for the exit at the same time. Le Pen winning in France or a conflict with North Korea could cause a massive sell-off, who knows? The problem with being a committed short that I see is the institutions step in and buy dips for the most part and bring the market right back up.

You might get a massive sell-off at some point but you would need to take profits fairly quickly on the short (within a few weeks to a month) because the institutions step in to buy the sell-offs every time since the end of 2008. The challenge for Surf is how quickly will he take profits?

Being a committed short in an individual stock like Restoration Hardware could work out but the Dow and S&Ps always find a way back North eventually.

I am not missing any point!

My statement stands, in that the "big boys" are shorting to the suckers.

If you do not understand this, based on your data, that is your issue, not mine!

I do not call the market, I trade it.

I am just, as always, pointing out how silly and ridiculous most are, which can be attributed to nothing but ignorance.

For Mr surf, he will not have that long to wait..a lot sooner than most can "see"!

 

[MoneyMatthew]

I am not missing any point!

My statement stands, in that the "big boys" are shorting to the suckers.

If you do not understand this, based on your data, that is your issue, not mine!

I do not call the market, I trade it.

I am just, as always, pointing out how silly and ridiculous most are, which can be attributed to nothing but ignorance.

For Mr surf, he will not have that long to wait..a lot sooner than most can "see"!

I provided data courtesy of the CFTC that Institutions aka "Big Boys" have been Long for the last 4 months. Where is your proof? Show us your proof.

Some old guy at a Starbucks that you served a latte to who told you that the market will sell-off does not count as a "big boy" by the way....

Show us your proof of Institutional Shorting of the Dow or S&Ps.

 

[MrScalper]

I provided data courtesy of the CFTC that Institutions aka "Big Boys" have been Long for the last 4 months. Where is your proof? Show us your proof.

Some old guy at a Starbucks that you served a latte to who told you that the market will sell-off does not count as a "big boy" by the way....

Show us your proof of Institutional Shorting of the Dow or S&Ps.

I do not frequent Starbucks..LOL

I will show you nothing, as you are arrogant like the rest of the monkeys..LOEL

A little bit of knowledge is a very dangerous thing..LOEFL

We will see who is right, and who is wrong

 

[MoneyMatthew]

You have zero proof that institutions are getting short the Dow or S&Ps and your lack of proof is obvious. Surf should throw a charity fundraiser with his rich buddies to fund you going back to Special ED since it didn't work out the first time around.

We will see who is right, and who is wrong

Define "right" and "wrong" here. Give us a level in the Dow or S&Ps on the short side.

I say we will make new Highs in the S&P Futures and break above 2401. Am I wrong? I just gave you an exact prediction, give us your exact prediction.

 

[RRY16]

Was the Old Geezer @ Starbucks driving an 18 Wheeler?

 

[MrScalper]

You have zero proof that institutions are getting short the Dow or S&Ps and your lack of proof is obvious. Surf should throw a charity fundraiser with his rich buddies to fund you going back to Special ED since it didn't work out the first time around.


Define "right" and "wrong" here. Give us a level in the Dow or S&Ps on the short side.

I say we will make new Highs in the S&P Futures and break above 2401. Am I wrong? I just gave you an exact prediction, give us your exact prediction.

Shows exactly what you know about trading..which is very little..LOL

The ES is going to make a major pullback in the very near future.

Mr surf will be a happy camper once again..LOEL

The ill informed will hibernate once more and shut up until the market comes back and they crawl out again..LOEFL

Btw, you can bet your bottom dollar that I am going to show you absolutely nothing, no matter how much you beg

 

[MoneyMatthew]

Btw, you can bet your bottom dollar that I am going to show you absolutely nothing,

Ummm....you just disagreed with yourself. See below.

The ES is going to make a major pullback in the very near future.

OK, so the ES will sell-off in the very near future according to you, thank you for your prediction. You actually just made a prediction so thank you for that.

 

[MrScalper]

Ummm....you just disagreed with yourself. See below.

OK, so the ES will sell-off in the very near future according to you, thank you for your prediction. You actually just made a prediction so thank you for that.

You and Mr volpri will get on very well together..LOL

 

[LacesOut]

You missed the entire point of my post buddy. I am not arguing if the market will go up or down. I am disputing your statement that "the big boys" are getting short. You have no evidence that they are getting short. I provided evidence to show that they are Long and even Surf himself liked it.

Surf is being the ultimate contrarian here because everyone and their brother is Long right now. It could turn into a blood bath if everyone rushes for the exit at the same time. Le Pen winning in France or a conflict with North Korea could cause a massive sell-off, who knows? The problem with being a committed short that I see is the institutions step in and buy dips for the most part and bring the market right back up.

You might get a massive sell-off at some point but you would need to take profits fairly quickly on the short (within a few weeks to a month) because the institutions step in to buy the sell-offs every time since the end of 2008. The challenge for Surf is how quickly will he take profits?

Being a committed short in an individual stock like Restoration Hardware could work out but the Dow and S&Ps always find a way back North eventually. Restoration Hardware could file for bankruptcy and be a great short.

The Dow and S&Ps can just swap components of the index at anytime. Individual components in the Dow could be de-listed or file for bankruptcy and the components of the index can easily be replaced. It does not make sense to be a long term short on an index unless you are hedging. The Dow and S&P do not have bankruptcy or de-listing risk because they are an index. Shorting for a month or two to catch a blood bath is fine but longer than that just does not make sense to me personally.

Sockpuppets don't have the ability to think logically so your well thought out post is wasted on them.
But I thank you for it!

Le Pen victory or NK war could also make the market go up!

 

[MoneyMatthew]

Le Pen victory or NK war could also make the market go up!

Thanks for saying that, you are right Le Pen or NK could cause things to go up as well. Everyone thought the world would end with Brexit and that did not happen. Trump got elected and there was not a major sell-off. I am not rooting for Macron but if he beats Le Pen then expect things to go higher.

Heck, a Le Pen win might cause a flight to safety from Europe to US markets and the Dow keeps going up either way. The natural posture of the United States stock markets is to naturally drift upwardly slowly even without a clear fundamental catalyst. You need a real solid reason to get short beyond just "Trump is President" or "everyone is long!". There is not any fundamental reason for the Dow to sell-off. From now until September Implied Vol says that the Dow could go up or down 1700 points so a 1000 Point drop in the Dow is possible but based on what? Any sell-offs after 2008 are short lived and that was 9 years ago.

Here is a prediction, MrScalper will no longer mention his short ES call in a month or two as the market continues to go up. MrScalper will have moved on to something else.