Up or down for tomorrow?

How will the Dow do tomorrow

  • Dow up 25pts or more

    Votes: 5 14.3%

  • Dow up 0-25pts

    Votes: 6 17.1%

  • Dow down 0-25pts

    Votes: 8 22.9%

  • Dow down 25pts or more

    Votes: 16 45.7%
  • Total voters
    35
  • Poll closed .
R

reno4nook

For day/swing traders & other interested parties.

Market technicals are very overbought.

However, we just hit some new multiyear highs on the Dow and S&P.
Can these prices hold tomorrow?
 
I am thinking this market may want to stay in a consolidation mode for a day or two. This run-up has been quite strong and I wouldn't be suprised to see some premature profit taking and then another strong run-up.
 
Quote from satchel:

oooh, hide this thread from EqtTrdr, quick
More...

why?..


market is allowed and should pull back imo

It needs to do what it does best. Suck in swing short money to use as rocket fuel for rally to da moon..

only reason market ever goes sideways/down is to get more short money loaded for fuel....woioiooshhh
 
I heard (on CNBC) that expected corporate earnings are 20% underpriced. That would make a Dow 13,500 by the end of the year.
 
Quote from reno4nook:

Big earnings miss tonight for Alcoa...

Hmmmmm:eek:
More...

Does that company ever beat earnings? Seems like they always start the earning season off with a miss.
 
Future is down big time now. Tomorrow we will see:
Dow : down 55 points
NASDAQ : Down 18 points
S&P : Down 10 points
 
Quote from Longhorns:

Does that company ever beat earnings? Seems like they always start the earning season off with a miss.
More...

Yea really, even with Alum at highs, their earnings still suck. It will be interesting to see how energy prices affected earnings.
 
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