Most of us small retail guys ended up doing just the opposite: Buy the high, sell the low, walk away at the bottom (as in 2008-09) and only now coming back at the top.
The S&P has topped
- Thread starter volente_00
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I've seen better buy volume, but that is good enough.SPY 50 dma-ema is $233.18 which is figured off yesterdays[3-28-2017] close price.Maybe some short covering, little bit, from 5 years worth of bear market-downtrend in TGT; but that is not really the same, as buying at all .NOT a predicition
Tu ne parle pas Anglais?
Speak french?? Merci, not much. Translation is ,SPY going up on 50 day moving average-ex...moving average+ TGT is so far below 50 dma , past 5 years TGT looks still bearish. NOT a prediction.[3-29-2017, before12 noon]
First off, I want to say, great call by Volente, nice to see him still killing it on the ES after all these years, I still remember when he used to destroy "Rubber Bird" back in the day when he made these sentiment polls, ahhhhhhh the good old days.
Great call Volente!!
With that said my opinion on the market is this, the top that we hit is definitely going to hold through the summer doldrums, I just cant see how smart people could possibly think Trump is going to get significant Tax reform, and repatriation done when both those issues are so toxic, and he couldnt get healthcare done, i ditched all longs yesterday, but will continue to short pops on 3X leveraged instruments like TVIX, UVXY and NUGT, until we take out the lows set on monday.
My call is that the market holds up until Friday when the quarter ends, the big money wont let it sell off until monday, if we puke on monday, the day the quarter ends its bad news. I dont think we will take out the highs until the summer is over now, at best it is flat till then.
I still think there needs to be 1 last push though in order to hang this market on the public so i dont think the whole game is over now, next year we will get the mother of all Christmas rallies, consumer sentiment, and the publics sentiment is set up perfectly for the big boys to hang it on the public one last time.
Keep in mind the public only got wildly bullish in the last couple weeks, i even saw a woman at my bank begging that they let her cheque clear so she could buy stocks that day, it was only a cheque for a thousand bucks from what i over heard, but we still arent at the point where that story is common. So i honestly think we have 1 more push through the highs after the summer. Thats my thesis, im trading accordingly.
With that said i present the following chart:
Bullishness at levels not seen since 2000 according to bloomberg.
Thats a real bad sign for the markets, when everyone is bullish, everyone is already long.
Great call Volente!!
With that said my opinion on the market is this, the top that we hit is definitely going to hold through the summer doldrums, I just cant see how smart people could possibly think Trump is going to get significant Tax reform, and repatriation done when both those issues are so toxic, and he couldnt get healthcare done, i ditched all longs yesterday, but will continue to short pops on 3X leveraged instruments like TVIX, UVXY and NUGT, until we take out the lows set on monday.
My call is that the market holds up until Friday when the quarter ends, the big money wont let it sell off until monday, if we puke on monday, the day the quarter ends its bad news. I dont think we will take out the highs until the summer is over now, at best it is flat till then.
I still think there needs to be 1 last push though in order to hang this market on the public so i dont think the whole game is over now, next year we will get the mother of all Christmas rallies, consumer sentiment, and the publics sentiment is set up perfectly for the big boys to hang it on the public one last time.
Keep in mind the public only got wildly bullish in the last couple weeks, i even saw a woman at my bank begging that they let her cheque clear so she could buy stocks that day, it was only a cheque for a thousand bucks from what i over heard, but we still arent at the point where that story is common. So i honestly think we have 1 more push through the highs after the summer. Thats my thesis, im trading accordingly.
With that said i present the following chart:
Bullishness at levels not seen since 2000 according to bloomberg.
Thats a real bad sign for the markets, when everyone is bullish, everyone is already long.
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While i respect your call on this thread, and many of your calls in the past, i respectfully say, shorting before the quarter ends on friday is dead money, you are fighting fund managers who have under performed this rally who desperately want to mark up stocks in order to show performance on friday, with that said i think your call the 2400 number holds through the summer.
Ive been watching my friends(who are way better than me) trying to hammer the downmoves on this market all week as it catches the lows and slowly drifts higher, this is markup week, skip the short side.
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+1With that said i present the following chart:
Bullishness at levels not seen since 2000 according to bloomberg.
Thats a real bad sign for the markets, when everyone is bullish, everyone is already long.
Best argument that indeed market is at or near top, at least for now.
He's already been stopped out
Never bet against Trump.First off, I want to say, great call by Volente, nice to see him still killing it on the ES after all these years, I still remember when he used to destroy "Rubber Bird" back in the day when he made these sentiment polls, ahhhhhhh the good old days.
Great call Volente!!
With that said my opinion on the market is this, the top that we hit is definitely going to hold through the summer doldrums, I just cant see how smart people could possibly think Trump is going to get significant Tax reform, and repatriation done when both those issues are so toxic, and he couldnt get healthcare done, i ditched all longs yesterday, but will continue to short pops on 3X leveraged instruments like TVIX, UVXY and NUGT, until we take out the lows set on monday.
My call is that the market holds up until Friday when the quarter ends, the big money wont let it sell off until monday, if we puke on monday, the day the quarter ends its bad news. I dont think we will take out the highs until the summer is over now, at best it is flat till then.
I still think there needs to be 1 last push though in order to hang this market on the public so i dont think the whole game is over now, next year we will get the mother of all Christmas rallies, consumer sentiment, and the publics sentiment is set up perfectly for the big boys to hang it on the public one last time.
Keep in mind the public only got wildly bullish in the last couple weeks, i even saw a woman at my bank begging that they let her cheque clear so she could buy stocks that day, it was only a cheque for a thousand bucks from what i over heard, but we still arent at the point where that story is common. So i honestly think we have 1 more push through the highs after the summer. Thats my thesis, im trading accordingly.
With that said i present the following chart:
Bullishness at levels not seen since 2000 according to bloomberg.
Thats a real bad sign for the markets, when everyone is bullish, everyone is already long.
Never say never.
