Weekly Poll: Pullback This Week?

[Larson]

Quote from trefoil:

256 stocks hit new highs, 8 new lows on the NYSE on Friday.
That's very strong. It was this way all week long.
It's a breakout. Within the short time frame of a week, it's possible we could have a pullback, but not likely. Far more likely is a strong up week to squeeze the remaining bears.

The winds of change are blowing. The last 2 weeks action are the most encouraging in at least a year. I hope it follows through.

 

[MarketMasher]

It'll drop.

 

[trefoil]

Glad to see we got us some bears up there. I was starting to get concerned.

 

[jonp]

when is this market going to sell off already

 

[S2007S]

Futures Bright green tonight, so far the markets are up 7 out 8 days and tomorrow should make it 8 out 9 days the markets are trading higher, keep the rally going and going and going, this is a market that prints free money for everyone. Bubble ben bernake is doing a great job at propping the economy up, without those trillions of worthless dollars flying around the globe I wonder where the markets would be today, we will never know thanks to bubble ben bernanke.

Dow futures up 50, by tomorrow morning they should even be a brighter shade of green as they open up near 100+, bulls are going to have a fantastic day and probably week.

INDEX VALUE CHANGE OPEN HIGH LOW TIME
DJIA INDEX 10,446.00 53.00 10,405.00 10,450.00 10,405.00 18:18
S&P 500 1,110.50 5.60 1,109.40 1,111.40 1,108.90 18:28
NASDAQ 100 1,899.00 9.25 1,895.75 1,900.75 1,895.75 18:19

 

[S2007S]

Even oil up 1/2% this evening, everyone always talks up oil as the place to be as the economy turns around yet once oil starts to tick higher it starts to slow consumer spending down, so if you think about it higher oil prices during these times of recession isn't a good thing to those who think higher oil prices equal a stronger economy ahead.

 

[Petsamo]

Quit pickin on my buddy Benny! He cannot undo the damage that Obama and the Democrats are doing. This market will collapse. Patience!

 

[Andiroo]

Sentiment indicators all jumped in the last week.

AAII Index up 10% Week on Week

Market Vane up 1% WoW

FC Market Sentiment up 1% WoW

I think week looks bullish as people begin to reallocate away from bonds into high yielding stocks with growth potential.



Arb

 

[shortie]

i posted before the link with charts illustrating the bullish bias for Expr week.

the data in the study was up to ~the end of 2008. i re-ran the test on SPX from 1994 until present. the bullish bias seems to be gone. in fact by going long one would have lost money in each of the last 3 years.

 

[S2007S]

Futures added even more in the last couple of hours, oil up nearly a $1.00.


DJIA INDEX 10,461.00 68.00 10,405.00 10,464.00 10,405.00 20:43
S&P 500 1,112.30 7.40 1,109.40 1,112.90 1,108.90 20:42
NASDAQ 100 1,901.75 12.00 1,895.75 1,902.50 1,895.75 20:42



*OIL
77.25 0.8 +1.05%


Many are looking for the SPX to touch down on 1130, a break above that should produce more buyers into the market which of course by then will be the ultimate time to sell and move quickly away from an overpriced market, most of the gain in the past 2 weeks is on EXTREMELY light volume.