The S&P 500 will top soon at 2925-2930

[S2007S]

Told yaaaaaaaaa

Just as planned

Markets should be up over 1-2% Monday morning

Futures will be skyrocketing Sunday night after the fact that there will be NO $300 billion worth of tariffs placed on China in the short term.


Now can we move on from these games....next excuse for market volatility is???

• President Donald Trump and Chinese President Xi Jinping reached a trade ceasefire at a highly anticipated meeting late Friday on the sidelines of the G20 summit in Japan.
• The truce allowed the US and China to avert $300 billion worth of additional tariffs, which Trump had vowed to levy if no progress was made at the meeting.
• Trump and Xi have faced increasing pressure to defuse their yearlong trade war, which has weighed heavily on both countries at a time when the global economy was already expected to slow.

https://markets.businessinsider.com...s-china-trade-war-ceasefire-2019-6-1028318823

 

[noddyboy]

Told yaaaaaaaaa

Just as planned

Markets should be up over 1-2% Monday morning

Futures will be skyrocketing Sunday night after the fact that there will be NO $300 billion worth of tariffs placed on China in the short term.


Now can we move on from these games....next excuse for market volatility is???

• President Donald Trump and Chinese President Xi Jinping reached a trade ceasefire at a highly anticipated meeting late Friday on the sidelines of the G20 summit in Japan.
• The truce allowed the US and China to avert $300 billion worth of additional tariffs, which Trump had vowed to levy if no progress was made at the meeting.
• Trump and Xi have faced increasing pressure to defuse their yearlong trade war, which has weighed heavily on both countries at a time when the global economy was already expected to slow.

https://markets.businessinsider.com...s-china-trade-war-ceasefire-2019-6-1028318823

Or...we could just drift up for a long long time. Some things have a long reaction process.

 

[S2007S]

5 stocks contributed to almost 1/3 of s&p gains for the quarter, that's insane and very unbalanced.
The machines are doing a fine job at keeping this market afloat ....

These five stocks have gotten so big, they are essentially becoming the market
PUBLISHED WED, JUN 26 2019 8:12 AM EDTUPDATED WED, JUN 26 2019 2:04 PM EDT



We’re nearing the end of the second quarter, with the S&P 500 notching a gain of nearly 3% this quarter and 16% for the first half.

But the gains are not evenly distributed. Some of the largest stocks by market capitalization are leading the way.

Call it the triumph of indexing: A few companies have gotten so big that they are essentially becoming the market, and when they do well, the markets do well.

You can see this in the distribution of returns. The S&P 500 may be up 2.9%, but an equal-weighted index of the S&P 500 is up only 1.8%, suggesting the largest companies are pulling the averages up. Second, midcaps are flat and the S&P Small Cap Index is down 1.8%.

For the quarter, five of the largest stocks contributed 30% of that S&P 500 gain:

• Microsoft 14.8%
• Facebook 5.5%
• Amazon 4.8%
• Disney 4.8%
• Apple 4.0%

Think about that — five companies, out of almost 500, contribute more than 30% of the gains.



https://www.cnbc.com/2019/06/26/a-g...-the-stock-market.html?recirc=taboolainternal

 

[noddyboy]

I wonder if Trump business associates bought the market after hours on Friday...

 

[Overnight]

I wonder if Trump business associates bought the market after hours on Friday...

Nah, they bought 5 mins before the close on Friday. Look at your charts!

 

[noddyboy]

Nah, they bought 5 mins before the close on Friday. Look at your charts!

If you have $1mn and Trump told ya, how much would you buy?

 

[FXtrader8911]

QUOTE="volente_00, post: 4842694, member: 14434"]I say the S&P 500 will top at 2925-2930 and we will pull back 9% from this level
I will allow 1% deviation[/QUOTE]

So, we saw the top, now what? S&P to 2,666? when? Have you put your money where your mouth is? i.e. are you heavily short now?

but there was....
https://www.elitetrader.com/et/threads/the-s-p-500-has-topped-on-2-25-2019-at-2813-49.330214/

Will you be starting a new thread each time the prediction is wrong?

Man, the only way you can make credible predictions is by analysing each component individually, if that's what you're doing then let's have some details, a time frame and the fundamentals that take you there. i.e. what's your crystal ball and why it gives that reading... charts or fundamentals? enlighten us, teach us how to read charts with such accuracy or tell us some fundamental we don't know. ET threads allow attachments, let's have some charts supporting the view.

I too can say the S&P will top 3,600 - 3,620 and eventually be 100% right (in 2022 or whenever) but pointless to do that, it does not help anyone.

Predictions need meat on the bone, no meat then it's an opinion with no basis, no value.

 

[themickey]

QUOTE="volente_00, post: 4842694, member: 14434"]I say the S&P 500 will top at 2925-2930 and we will pull back 9% from this level
I will allow 1% deviation

Just hang on a minute, be right there.

 

[noddyboy]

Market will double rally now with Trump in DMZ. Great show.

 

[tommcginnis]

So, we saw the top, now what? S&P to 2,666? when? Have you put your money where your mouth is? i.e. are you heavily short now?...

Predictions need meat on the bone, no meat then it's an opinion with no basis, no value.

Thank you, Cap't Obvious.

Predictions on ET are public posts on a public forum. You are free to believe the poster to be right, righteous, and dead serious, or wrong, bone-headed, and a joker -- or anything in-between. There are no rules.

But in the meantime, did you notice what you posted? "So, we saw the top..." Yeah: volente called the top 1 week and 25 pts (± 1%) beforehand -- could you do that?

He also called for a big ol' drop from there -- we went down over 200 S&P points in the next month. Was that callable by you on April 16th?
Forget about the 2650 or whatever for a second -- would YOU call for a 200 point drop, in the near future, on April 16th? Yes, or no?

As well, the vast majority of the time since volente made the downward call, the market has been BELOW the close of that date. Just, "BTW" and all.

I am no subscriber to the Big Swingin' Dick theory of market calls -- I have posts in this very thread along that line. As well, most of the moves of this market/calendar year have been Tweet-based, not fundamentals. STILL, someone who'd biased their market positions short (or who'd biased their long exits/subsequent entries) to volente's call would've done well. Whether from chicken guts or a dart board or a astrologically-sensitized left-handed gluten-free Chigger-Scratched Magic RSI.

When you can make such "worthless" calls and get similar results -- that'd be worth something.