The S&P has topped

The S&P has topped

  • Total voters
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[March 1,2017QUOTE="murray t turtle, post: 4416636, member: 8747"]%%
Well, calling tops in a up-trending bull market, can work out every month LOL. They selling SPY last hour or 2 today. May see some sort of top, by May. Most up-trending months a have a top; not a prediction.As you implied ,the top is not really known for a while anyway.[/QUOTE]
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TGT made/making a lower top , lower lows, close, in 2015, 2016, 2017; but SPY is making nice up-trends, higher closes, off 50 dma average, week of March 24-not a prediction. But TGT is making lower tops in a bear trend LOL.Fine with me if some are long or short SPY, but for the fake news to say[lie] ''stocks followed TGT down ''-LOL=Lie. NOT many, or any stocks in SPY are managed a bad as TGT ..........................................................................................
 
S2007S said:
The markets will care, as you can see even Cashin mentioned something about it just moments ago
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I don't even get why we rallied on Trump to begin with...which is why I don't see why passing the bill is good or bad for stocks. If less people get insurance, they are more price sensitive and so it should be bad for healthcare.
 
volente_00 said:
Just normal testing of previous support that becomes resistance. Higher highs and lower lows still confirm top is in unless the pa changes.
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Looks much more true- for the call buyers ,than the SPY buy ers + S& P 500 buyers@ 50 day moving average LOL.Bull markets dont have much resistance@ all + bear markets like TGT dont have much support@ all . Dont know what happened to Sears, but they are not the market......nor is this a prediction.
 
noddyboy said:
I don't even get why we rallied on Trump to begin with...which is why I don't see why passing the bill is good or bad for stocks. If less people get insurance, they are more price sensitive and so it should be bad for healthcare.
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We didn't rally on Trump. We rallied on
1) The End Of Election Uncertainty, and
2) Unified "Republican" control of House, Senate, and White House. *{subject to a historical limit}

1) means that certain companies benefit, certain companies may be impinged.
2) means that, until serious idiocy rears up its ugly head, regulatory reform "is on its way" and tax reform "is a given"....

What we're seeing now is, in item 2), that tax reform (good for at least half of the post-Election rally) is being held hostage by the healthcare finance reform. All of the regulatory reform too is being held hostage by a credibility gap -- a now-*growing* credibility gap.

The rise and fall of the market right now, will be based *much* less by the underlying economy, and much more on regulatory reform, tax reform, and *credibility*.

"Uh-ohhhhh."

'Uh-oh' is right.


(Selfishly, I'm just SO happy we've got a higher vixie, for as long as we have it, at least.)
 
This market seems really magnetic about its' trend lines and channels - to date since 2006 that is.

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bone said:
This market seems really magnetic about its' trend lines and channels - to date since 2006 that is.
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Yeahhhhh. Yeh. Yup......
I just squeezed the SPX into a fairly tight 1yr/daily mapping, and "magnetic" works pretty well there, too. "Stair-steps" but works pretty well.
And it's where I'm laying, too. (Well, you know -- above the top, below the bottom...)

But I *still* feel, as we approach 1530hrs EDT, and the VXST approaches 15...... I *still* feel......
...like I have a target on my back.

Gotta go review things _yet_again_......
 
noddyboy said:
I don't even get why we rallied on Trump to begin with...which is why I don't see why passing the bill is good or bad for stocks. If less people get insurance, they are more price sensitive and so it should be bad for healthcare.
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True,LOL .Insurance companies made plenty of money with premiums, stock$, bonds, which may or may not help their stock price It doesnt take much @ all to move an up trending bull market up ; or move doWn trending stock like TGT, down again. Not a predicition
 
noddyboy said:
I don't even get why we rallied on Trump to begin with...
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George Soros, Russel Clark, et al welcome you to the fold. (Google investors who lost their asses shorting the market Nov through Dec 2016)

As a side note - not exactly a glowing endorsement for the business atmosphere created by the Obama administration. Insane fresh equity investment post-election.
 
Interesting, talk is that if this vote fails tomorrow they will keep obama care in place


WASHINGTON (AP) — Abandoning negotiations, President Donald Trump on Thursday demanded a make-or-break vote on health care legislation in the House, threatening to leave "Obamacare" in place and move on to other issues if Friday's vote fails.

The risky move, part gamble and part threat, was presented to GOP lawmakers behind closed doors Thursday night after a long and intense day that saw a planned vote on the health care bill scrapped as the legislation remained short of votes amid cascading negotiations among conservative lawmakers, moderates and others.
 
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