The S&P 500 topped at 3017.8

Did the S&P 500 top at 3017.8 ?

  • Yes I think you are correct

    Votes: 4 18.2%

  • Hell no you are wrong

    Votes: 9 40.9%

  • Who cares Desterio is good people

    Votes: 3 13.6%

  • Who cares Barron is still ripped and shooting for 10% body fat now

    Votes: 2 9.1%

  • Who cares Volente sucks at calling short term SPX tops

    Votes: 4 18.2%
  • Total voters
    22
  • Poll closed .
volente_00 said:
Yes I lost a lot of money shorting the market since market has fell 4% since I posted my positions on Sept 18


Want to guess what the market does now that it has touched 2890 SPX ?



I'm out of my shorts and targeting a 50 point squeeze from 2988
More...
%%
NOT a predicition; looks like they're buying UPRO today, off 200 dma/leveraged longs. BUT with OCT tending to be a '' bear killer, '' could see a bear to be killed, or more accurately bear hibernator LOL:cool::cool:, :cool::cool::cool::cool::cool: Bullish Comments apply to SPY + QQQ;
TSLA looks like BEAR is still strong.Just when it looked like longs could make a few cents; CA cop car had to stop, not enough power. Pathetic/ crooked car co..........[Edit 7 minutes till close, looking good for longs , but not a prediction]
 
Another really bad miss on the ism..
If that number came in strong the markets would have probably erased yesterday's losses but not quite so. Dow off 1000+ points in 3 days. And yet again every one is still cheering and believing that the economy is going gangbusters!!!

Thursday’s losses brought the Dow’s three-day decline to more than 1,100 points, adding to the Street’s dismal start to the fourth quarter.

The Institute for Supply Management said its reading on the U.S. services sector fell last month to its lowest level level since August 2016. The ISM nonmanufacturing index came in at 52.6 for September. Economists polled by Dow Jones expected a print of 55.3.
 
S2007S said:
Another really bad miss on the ism..
If that number came in strong the markets would have probably erased yesterday's losses but not quite so. Dow off 1000+ points in 3 days. And yet again every one is still cheering and believing that the economy is going gangbusters!!!

Thursday’s losses brought the Dow’s three-day decline to more than 1,100 points, adding to the Street’s dismal start to the fourth quarter.

The Institute for Supply Management said its reading on the U.S. services sector fell last month to its lowest level level since August 2016. The ISM nonmanufacturing index came in at 52.6 for September. Economists polled by Dow Jones expected a print of 55.3.
More...

If you listen to Bloomberg, they are saying big selloff might come. They are not "everyone" cheering.
 
volente_00 said:
My range for the rest of the session is 2905-2938
More...

Yep. Seems like we're back into the ol' Bad News is Good News funk....

It seems we have a bit of a methodological contradiction: in Black Scholes Merton, rho is given such short shrift that IB's TWS doesn't even show it in their Greeks section. (And how many others? Does anyone discuss rho? HAS anyone discussed rho since Alan Greenspan's first years as FED chief?) But while rho has devolved off the screen, we now have FED drivers (being the actual economy, as per employment, ISM-services, ISM-manufacturing) playing outsized roles on market-desired moves. :wtf: Why? Because of what they portend to interest rates. Sheesh!

So, interest rates matter to the market -- they're a major driver[!!] -- but they're not enough to actually model. It's more fun to react in shock when the underlying economy's fundamentals pop in the headlines. :cool:
 
volente_00 said:
Out of my longs on upper touch
:cool:
Now playing Short RTM back to lower gap from yesterday close
More...

I gave this a "Like" until I realized that there was an "s" missing from the short-RTM expectation -- I don't carry that conviction. I respect the move, but not enough to lend a hand. Too much contradiction in market noise to ferret out the signal. ("For my tastes" at any rate...:cool:)

Nice exit, though. Can we do a half-"Like"?


["No." Dayyyyyumn. :cool:]
 
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