Weekly Poll: Any Shorts Left?

SPY Next Week?

  • Bullish

    Votes: 15 30.6%

  • Flat

    Votes: 8 16.3%

  • Bearish

    Votes: 20 40.8%

  • I prefer to keep my opinion to myself

    Votes: 6 12.2%
  • Total voters
    49
Quote from shortie:

SPY ~118, almost the same level when Cramer made his famous calls on Apr 13: "We are 6 months away from seeing genuine prosperity."
http://seekingalpha.com/article/198622-cramer-s-mad-money-6-months-to-prosperity-4-13-10

As some of you recall the market proceeded to quickly lose ~15% soon after that call.

What's interesting is that the market has come back to the precise level and it is exactly 6 months since the call.

NOW $1T question: what's Cramer's stance today?
More...

no time to do the research of Cramer's recent calls but he sounds quite bullish in the first article from street.com:

"It only took Apple(AAPL_) to go up $9 and Google(GOOG_) to go up $60 and Seagate(STX_) to get an inquiry to realize that tech stocks are undervalued. I am surprised even that was able to do it.
....
Anyway, today the market declared them totally shortsighted and I would not be surprised if, next week, you see money plowing into the Sandisks(SNDK_) and the Crees(CREE_) and the Jabils(JBL_) and the JDSs(JDSU_). They have lagged.

"
http://www.thestreet.com/story/10890724/1/jim-cramers-best-blogs.html
 
Well well, the futures are very red. Is this gonna be one of those fake sell offs, or the end of the bear rally?
thinking.gif
 
Quote from Petsamo:

Well well, the futures are very red. Is this gonna be one of those fake sell offs, or the end of the bear rally?
thinking.gif
More...

i am shooting for a biggie. see if i can progress to next level of trading with this trade :cool:
 
Quote from Petsamo:

Well well, the futures are very red. Is this gonna be one of those fake sell offs, or the end of the bear rally?
thinking.gif
More...

is the market flat in expectations of AAPL earnings?

me thinkes that when all eyes are staring at a single company that is not a sign of a healthy market.
 
Currently I have the Dow Jones in a confirmed uptrend. I generally follow the dow. Although it is in an uptrend I'm on the sidelines. Basically I'm just adhering to my trading rules that have served me well. At this time I don't know if it will go up or down. I just know I need more information to decide. When I get that information I will react accordingly. I never plan to far out into the future. Nothing is a sure thing. You have to always be able to react to the market conditions that can change without warning.

I have further analysis on my personal blog if interested and a few charts:
http://forexindicators-metrader.blogspot.com/
 
No new money flowing into the INDU, much of the volume is weak and the sideline money is parking in other arenas.

No reason to go long or short this market in the Long Run right now.

Let the Daytraders and HFTs fight it out.
 
And the markets are at intraday highs, have to love a market that goes entirely one way. No such thing as the word down or profit taking in this risk free market money making machine.
 
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