Weekly Poll: Blow-Off Top Then Crash Or Crash Right Away?

SPY Next Week?

  • Bullish

    Votes: 27 56.3%

  • Flat

    Votes: 8 16.7%

  • Bearish

    Votes: 11 22.9%

  • I prefer to keep my opinion to myself

    Votes: 2 4.2%
  • Total voters
    48
  • Poll closed .
Quote from shortie:

some random important stocks that are weak. i am sure you can easily find more. i did not look very hard for these.

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JPM, BAC, and the rest of the bank sector are weak because of mortgage defaults. Surprisingly, IYR (real estate) looks healthy. HPQ looks bad because they have CEO issues.

It's better to look at the ETFs. KOL (coal), EEM, IWM (Russells), XRT (retail stores), XLP (consumer staples), IYW (technology), all look healthy. OIH (oil services) is recovering despite Obama's off-shore oil ban.
I knew we would rally in anticipation of gridlock in the November elections.
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Quote from tradingjournals:

Shortie: I think you are a good thinker. Look into the direction of the dollar. The recent move may have distorted things.

I personally need to make sure I understand why the dollar fell so hard and so fast. Until this is understood with "certainty", I think stocks are not understood (at least by me) with reasonable "certainty".

Could someone explain the dollar's move?
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Anticipation of QE2. Also, big meetings this weekend on the currency wars.
 
the street.com poll is bullish, ET poll is bullish.

1 What would best describe your stance heading into the coming week of trading?

Bullish 50.94% 81 votes
Bearish 40.25% 64 votes
Neutral 8.8% 14 votes

SPY Next Week?
Bullish 16 66.67%
Flat 2 8.33%
Bearish 5 20.83%
I prefer to keep my opinion to myself 1 4.17%
Total: 24 votes 100%
 
Quote from KMAX:

Wow,a lot of bulls this week, wonder if that's bad.
Can't fight the tape though, be strong, go long!
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If we get a downturn next week, it'll be fun counting the number of threads that will get started predicting The End.
 
Quote from shortie:

the street.com poll is bullish, ET poll is bullish.

1 What would best describe your stance heading into the coming week of trading?

Bullish 50.94% 81 votes
Bearish 40.25% 64 votes
Neutral 8.8% 14 votes

SPY Next Week?
Bullish 16 66.67%
Flat 2 8.33%
Bearish 5 20.83%
I prefer to keep my opinion to myself 1 4.17%
Total: 24 votes 100%
More...

the bulls have succeeded in pushing SPY by only +0.3% 1 hour before EOD despite hugely bullish polls.

is USD showing the signs of life?

Jack "Shortie" Kevorkian Out :cool:
 
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