The S&P 500 has topped on 2/25/2019 at 2813.49

Did the S&P 500 top at 2813.49 on 2/25/2019?

  • Hell yes, I think you are right

    Votes: 8 22.2%

  • Hell no, you are wrong

    Votes: 11 30.6%

  • Who cares, You are still an idiot

    Votes: 7 19.4%

  • Who cares, Baron has 12% body fat and is shredded

    Votes: 4 11.1%

  • Who cares, Destiero will have an aneurism when SPX trades 3200 in 2019

    Votes: 6 16.7%
  • Total voters
    36
maximumpossiblesuffering said:
Lets see, we have a dovish Fed, we are in the third year of a Presidential election cycle, Freddie Mac now offers up to 80% financing on commercial multifamily from the historical 65%, new commercial truck backorders are so high that some manufacturers are declining new orders, and the US trucking freight market is beginning to improve again. All this without a new trade agreement with China.

Fighting the Fed historically has not been the most profitable way to position trade equity indexes.

However, should the US see continued growth to the next Presidential election, the US will have seen the longest economic expansion in history wihout being interrupted by a recession. A reasonable question to explore is whether there is a fundamental or structural reason for continued long term economic growth going forward.

My guess is the SP500 challenges its all time high by year end.
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All that + 200+ year$ of upTrends.
And trash like GE downtrended from $60 area to $6.66; + now its up ticking a little bit.Good thing for the bulls ;most any co is run better than GE. LOL [IBD founder, many years ago, didnt like GE long/or as an uptrend buy. Why?? To slow a grow, + he made a fortune on data, stock picking/funds and better newspaper than WSJ,+ NYSE seat..........................................................................................................:cool::cool:I would not care if a daytrader made money on GE longs i think one did LOL-LOL:D:D
 
Technically, I don't think it was a bad call price action wise. A lot of confluence where that bounced off. Statistically speaking, we had 9 weeks straight up. Not sure if it will be another up bar on the weeklies. Not that it's a good idea to stack up on those shorts or puts but just visually it seemed okay. I just think it will be more choppy than mind blowing trend down.
 
NeedToLearn said:
Technically, I don't think it was a bad call price action wise. A lot of confluence where that bounced off. Statistically speaking, we had 9 weeks straight up. Not sure if it will be another up bar on the weeklies. Not that it's a good idea to stack up on those shorts or puts but just visually it seemed okay. I just think it will be more choppy than mind blowing trend down.
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Partly true;not todays close ,or not near that a from weekly close to weekly close, SPY.

I record open price, but just because WSJ calls a gap down LOL + close up week-no way does one monday open price make the whole weeks data UP .[Yes i know WSJ colored that down SPY week close to close week, green LOL] Mine is red/down
Week of SPY closed down ;weekly close to close last week Jan, 2019; but it makes for fun drama on the news/newspaper., saying SPY up 9 strait weeks up.LOL
Need to Learn;did you hear the CBS national TV news say DOW had worst month by points since was it 1929 0r 1933, DEC 2018?? Grain of truth in that, but by % plenty of weeks/month more monthly bear ish trends than DOW, DEC 2018.
But good way to get in more longs or panic sell/scare them LOL on DOW sell off.:cool::cool:
 
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I think we are going to bounce back from this 2786 SPX level and make a second top before further down... Of course 4 events are going on today, one of them could swing the market either way.
 
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