Weekly Poll: Even After The Ugly Red Candle, SPY +1.5% YTD. Where To Now?

SPY Next Week?

  • Bullish

    Votes: 8 22.2%

  • Flat

    Votes: 10 27.8%

  • Bearish

    Votes: 17 47.2%

  • I prefer to keep my opinion to myself or don't have one

    Votes: 1 2.8%
  • Total voters
    36
  • Poll closed .
Quote from Rearden Metal:

Awesome work, Shortie! In fact, this is the best stuff you've ever posted. After reviewing the partial data you've just supplied, I now believe ET polls are in fact a useful contrarian indicator. Thanks!
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Also RDT...his AAPL call was good for several dollars buying at 09.31 on 1/18.

A very useful thing to have is a consistent loser to fade. I've read on the blog of another ET member who is a very proficient operator that this was an old floor trick on the CBOT.

I don't usually trade stocks, however the APPL was too good to miss, and I'd never have spotted it without RDT!
 
We may get a gap down tomorrow. Expected January unemployment is 9.5%, but Gallup believes unemployment is 9.8%.
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Quote from Free Thinker:

why would that gap us down. high unemployment is good for the market. it ensures more qe.
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The market doesn't see it that way. Bad jobs numbers would cause a gap down because masses of unemployed people are bad for consumer spending.... at least that's the narrative CNBC would go with.
 
Quote from Rearden Metal:

The market doesn't see it that way. Bad jobs numbers would cause a gap down because masses of unemployed people are bad for consumer spending.... at least that's the narrative CNBC would go with.
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i dont think so. we will see tomorrow. i actually wish it would happen.
 
17-8 in favor of bearish. Quite pathetic. Need to see 30-1 bullish before I get bearish. ET is my favorite indicator!
 
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