Weekly Poll: Entering September - The Weakest Month For Stocks

SPY Next Week?

  • Bullish

    Votes: 26 50.0%

  • Flat

    Votes: 7 13.5%

  • Bearish

    Votes: 16 30.8%

  • I prefer to keep my opinion to myself

    Votes: 3 5.8%
  • Total voters
    52
  • Poll closed .
Quote from S2007S:

The bulls are screaming 1120-1130 now on the SPX, at this point it doesn't matter because will probably top out around that range and head back down below 1100 once this entire move is done with, the SPX has bounced off 1040 about 10+ times already, the problem with that is that WHEN (and not IF) the SPX finally does break 1040 the drop is going pretty magnificent. Get ready for major volatility ahead. I hope the bulls dont get too greedy, seems every time the market breaks out the fools start yelling for even greater profits in the SPX and every time they do that the market falls apart.
More...

People here still don't understand something. There won't be any drop, ever. Markets are recovering and will continue to, if your gut feeling does not feel right or not. Whether you believe the Fed is manipulating or not. Markets are psychology, the Fed has NO INFLUENCE on the market in the long term. Don't argue with this Alex Jones type of conspiracy theory. Markets are rising not because some central bank is pumping liquidity but because market participants expect the future to be brighter than the present. So look at markets worldwide, Hang Seng being the outperformer since the recovery and in perhaps the most obvious bull flag since a year. SPX saw its bottom at 1040, and had a fake breakdown in July at 1010. It will never go there again. Bears can't get their job done! Fullstop. Yes, markets faltered frequently at the highs which only shows that bulls were not ready at this point. Tomorrow we will see the next blast higher and your negativity will find its ultimate end. Just buy buy buy.

attachment.php
 

Attachments

Quote from Marcell:

People here still don't understand something. There won't be any drop, ever. Markets are recovering and will continue to, if your gut feeling does not feel right or not. Whether you believe the Fed is manipulating or not. Markets are psychology, the Fed has NO INFLUENCE on the market in the long term. Don't argue with this Alex Jones type of conspiracy theory. Markets are rising not because some central bank is pumping liquidity but because market participants expect the future to be brighter than the present. So look at markets worldwide, Hang Seng being the outperformer since the recovery and in perhaps the most obvious bull flag since a year. SPX saw its bottom at 1040, and had a fake breakdown in July at 1010. It will never go there again. Bears can't get their job done! Fullstop. Yes, markets faltered frequently at the highs which only shows that bulls were not ready at this point. Tomorrow we will see the next blast higher and your negativity will find its ultimate end. Just buy buy buy.

attachment.php
More...

Excellent post, but his negativity will never find its ultimate end, regardless of where we go tomorrow.
As someone who is prudently delta-hedged into tomorrow's action, good luck. I sincerely hope you make me jealous.
 
Quote from S2007S:

The bulls are screaming 1120-1130 now on the SPX, at this point it doesn't matter because will probably top out around that range and head back down below 1100 once this entire move is done with, the SPX has bounced off 1040 about 10+ times already, the problem with that is that WHEN (and not IF) the SPX finally does break 1040 the drop is going pretty magnificent. Get ready for major volatility ahead. I hope the bulls dont get too greedy, seems every time the market breaks out the fools start yelling for even greater profits in the SPX and every time they do that the market falls apart.
More...

1. I would put the range 112 to 114. Early sellers would be felt/tested at around 110.50.

2. I believe this the best opportunity for bulls to break the 114, and retest the April high. If they fail, things can get ugly.

3. Straddle sellers have been collecting 2 to 3 percent a week, which is around 10% a month. That is a lot for selling a straddle, and doing nothing. For instance QQQQ straddle expiring next Friday was around $1.18, with QQQQs at 45.
 
Adjusted stop for entire position to 1087. THAT'S what I call prudent. Still long and nothing more to do for the rest of the day. Trend following is that magical. I see no wisdom in day trading (*ahem* gambling) and working so hard for your money. Let the market forces work for you instead. And thanks trefoil, for your comment :)
 
Classic breakout. Anyway, a little sanity will probably return on Tuesday, when the big boyz will be back from the Hamptons and Martha's Vineyard.
 
These bulls are buying everything this past week, now were going to hear all the new bullish calls about spx 1200, 1250 1300+ by the end of the year, get ready for it.

Dont get too greedy, last few times the markets have climbed to these levels stocks have sold off.
 
Quote from tradingjournals:

1. I would put the range 112 to 114. Early sellers would be felt/tested at around 110.50.

2. I believe this the best opportunity for bulls to break the 114, and retest the April high. If they fail, things can get ugly.

3. Straddle sellers have been collecting 2 to 3 percent a week, which is around 10% a month. That is a lot for selling a straddle, and doing nothing. For instance QQQQ straddle expiring next Friday was around $1.18, with QQQQs at 45.
More...


1.sellers tested. nice call!
2. interesting! 114 does not seem so far any more :)
3. new straddle sellers may be a bit nervous after 3 days in Sep :)
 
You must log in or register to reply here.
Back
Top