Weekly Poll: No Bias For Next Week, But Mother-in-law Tells Me To Sell

SPY Next Week

  • Bullish

    Votes: 33 42.9%

  • Flat

    Votes: 6 7.8%

  • Bearish

    Votes: 32 41.6%

  • I prefer not to say

    Votes: 6 7.8%
  • Total voters
    77
Quote from Ivanovich:

If I HAD to call it, I'd say we'll stay where we are, with perhaps a moderate retrace back. But I wouldn't think there would be an EOD dump to any massive extent. Not today.

But this reminds me a great deal of summer 2008 where we would have a giant up day, a giant down day, back and forth for a little. the volatility was unreal. And then, the collapse.
More...

The squeeze was on bondholders today:D
 
The move was a complete joke. Some sort of retracement was due, but as usual, the market overcompensated. We're supposed to believe the market rallied 3% on "concerns over China's plans to review Euro purchases, ease"?

I am now a bear. I won't be buying dips at this point any more, nor will I be shorting until we're back under 1080. So I'll play currencies for a while until silly season is over.
 
Yes. indeed. "Silly Season".

Quote from Ivanovich:

The move was a complete joke. Some sort of retracement was due, but as usual, the market overcompensated. We're supposed to believe the market rallied 3% on "concerns over China's plans to review Euro purchases, ease"?

I am now a bear. I won't be buying dips at this point any more, nor will I be shorting until we're back under 1080. So I'll play currencies for a while until silly season is over.
More...
 
I just watched a piece on yahoo by Roque and it says what I think for different reasons but the same conclusion. 990 -1000 in the SP500 and that this "volatility spike" is paring of risk which results in weirdness as to the macro shifts but in the end the bounce was just that and more weakness needs to occur prior to a long-lasting rally. So the "silliness" maybe just that a silly bounce before the "real jiggly bottom we all like so much." Everyone has a slightly different definition of the perfect bottom so just beware that some like fat bottoms, others tight well shaped bottoms, etc.
 
Quote from noddyboy:

It is going to end flat for the week like I said. Too many people trying to predict direction.
More...

Good call. That was pretty close. You could have set your watch by the sell-off at the close before the long weekend. :)
 
Pfft.... I'm a bargain hunter on high yield stocks. So even if I buy in at these valuations. I'm pretty darn confident that I'll make some money 4 weeks down the road. As is everyone else who bargain hunts.
 
Quote from alexandercho:

Pfft.... I'm a bargain hunter on high yield stocks. So even if I buy in at these valuations. I'm pretty darn confident that I'll make some money 4 weeks down the road. As is everyone else who bargain hunts.
More...

God forbid those high yielders's yield get cut or suspended.
 
You must log in or register to reply here.
Back
Top