The S&P 500 topped at 3017.8

[tiddlywinks]

the world is not going to end before you wake up in the morning.

It might be a different world by the time I wake up... But yes, it will be here!

 

[S2007S]

Only thing you are saving yourself from is additional money in the bank.
Need to learn to be a bit more relaxed, the world is not going to end before you wake up in the morning.

There comes a time where you just have to take profits....and there is absolutely nothing wrong with profit taking especially when markets are at extremes and the RSI is at the highest levels since 1929, 1987 and 2000. Always good to have cash on hand for the drop.
Look at apple. The company has added $180,000,000,000 in market cap in 1month alone, if you possibly think that apple can continue adding a $150,000,000,000+ in market cap a month you are a fool. Already at 1.1 trillion dollar market cap. What could possibly warrant a $2 trillion market cap. The stock is absolutely priced to perfection at this point.

 

[S2007S]

Other than to stem the USD rise, which gives breathing room to the EU which is nearing economic/banking collapse mode, and several other unlucky countries with pegs or direct debt ties to USD.

Now with Draghi out I wonder if they will contin9to drop rates further down

I think you get it. There is a reason...to manipulate and float this market on hopes and dreams. Thank god I am closed out EOD.

And the fed isn't calling it QE yet every other person sees it as QE which is the reason why they are manipulating it higher and higher

 

[themickey]

There comes a time where you just have to take profits....and there is absolutely nothing wrong with profit taking especially when markets are at extremes and the RSI is at the highest levels since 1929, 1987 and 2000. Always good to have cash on hand for the drop.
Look at apple. The company has added $180,000,000,000 in market cap in 1month alone, if you possibly think that apple can continue adding a $150,000,000,000+ in market cap a month you are a fool. Already at 1.1 trillion dollar market cap. What could possibly warrant a $2 trillion market cap. The stock is absolutely priced to perfection at this point.

I'm not a perma bull, never was, just like I'm not a gold bug.
I have no allegance to any direction bullish or bearish.
But think about this statement...."Look at apple. The company has added $180,000,000,000 in market cap in 1month alone...." That in itself says that the market does what is least expected. The market howeever displays signposts, reading them is a skill which must be learned otherwise a trader trades 'skitterish' all day long.
Markets don't dive up or down majorly without a little bit of warning imo.
Dumb money is dumb because they can't read, they just listen to what the media tell them.

 

[bone]

If earnings are exceeding analyst expectations and the rate environment is favorable - WTF would you rely upon an RSI oscillator that has taken you out of the rally more than a few times on the weekly since 2009? You quite literally would have left half of the move on the table if your metric for taking profit on a long was an overbought oscillator. And if you initiated a short based on an overbought oscillator - well that would have been outright ruin.

There comes a time where you just have to take profits....and there is absolutely nothing wrong with profit taking especially when markets are at extremes and the RSI is at the highest levels since 1929, 1987 and 2000. Always good to have cash on hand for the drop.
Look at apple. The company has added $180,000,000,000 in market cap in 1month alone, if you possibly think that apple can continue adding a $150,000,000,000+ in market cap a month you are a fool. Already at 1.1 trillion dollar market cap. What could possibly warrant a $2 trillion market cap. The stock is absolutely priced to perfection at this point.

 

[tiddlywinks]

Now with Draghi out I wonder if they will contin9to drop rates further down

Lagarde is a lawyer, knows pretty much squat about how economies work, and was convicted of negligence for misuse of public funds... there really isn't anything to wonder about!

 

[Nine_Ender]

There comes a time where you just have to take profits....and there is absolutely nothing wrong with profit taking especially when markets are at extremes and the RSI is at the highest levels since 1929, 1987 and 2000. Always good to have cash on hand for the drop.
Look at apple. The company has added $180,000,000,000 in market cap in 1month alone, if you possibly think that apple can continue adding a $150,000,000,000+ in market cap a month you are a fool. Already at 1.1 trillion dollar market cap. What could possibly warrant a $2 trillion market cap. The stock is absolutely priced to perfection at this point.

Your posts on this site concerning AAPL range from mediocre to down right stupid. Suddenly valuation matters to you ? You disliked AAPL when it was a P/E roughly 10. Now you come out with the hyperbole and it's all pretty stupid. AAPL is not "priced to perfection".

 

[volente_00]

After reviewing the current charts my SPX range for the rest of this year is 3055 to 2645


Don't say I didn't warn you when the hammer drops

 

[themickey]

After reviewing the current charts my SPX range for the rest of this year is 3055 to 2645
Don't say I didn't warn you when the hammer drops

Is that Surf talking??

 

[S2007S]

After reviewing the current charts my SPX range for the rest of this year is 3055 to 2645


Don't say I didn't warn you when the hammer drops

You couldn't pay anyone to believe 2645 as a possibility, especially with 2 months left!