The S&P 500 topped at 3481

[HeSaidSheSaid]

the signs show the money train is going the other direction.

 

[Relentless]

the signs show the money train is going the other direction.

Let's see how "the signs" handle a strong trend change in the $DXY and increasing rates.

 

[Math_Wiz]

The Dems are about to inject 1.9 trillion into the economy. Any day/hour now. Why would anybody be short?

 

[Math_Wiz]

Any day now, 100 million Americans will have $1400 checks in their hand. You think that will tank the stock market? The news cycle right now is face-planting technicals.

 

[Rickshaw Man]

What you may not realize is once this stimulus package is out of the way may a good time for shorts to press the market.

 

[bone]

If there is one thing that we've learned the past thirteen years - cover your short rather quickly.

Case in point: end of February / beginning of March 2020 - if you didn't cover by the middle of April you were toasted crispy.

 

[Axon]

If you're going to pattern match, you're almost always wrong calling any specific moment a top.

The S&P 500 has closed within 5% of its all-time high 32% of days for its entirety. 1 out of every 15 days the market closes at an all time high. And the vast, vast majority of those don't end up being the precipice of a crash. In fact, even the ones that do predate a crash almost always end up being perfectly fine times to invest for long-term growth.

The null hypothesis really should be that most markets aren't topping. So, a "why is this time it different" argument should be required from people calling a top, not from those saying it's not.

 

[Math_Wiz]

The only thing shorts might have in their favor is the impeachment trial next week, which could provide lots of negative press.

 

[Overnight]

The only thing shorts might have in their favor is the impeachment trial next week, which could provide lots of negative press.

Pfffhhht...Why? What could be negative about the trial of Trump, and if convicted, not being allowed to serve in public office again? The markets are beyond Trump now. They are done with that clown.

No more insta-700 point drops when he demands US business to stop doing business with China. No more Swedish meatballs. And no more jerky beef!

All eyes are now again on Yellen, the cushy dove.

 

[HeSaidSheSaid]

basing on the actions in the bond markets, I can tell you we will not have market recession in the next 6 months (-50% market drop)

money movements suggest we're going to have economic recovery. One of the catalysts is below: