where are we going
- Thread starter met1989
- Start date
to the moon
Nobody knows for sure. However, as the S&P, Dow and Nasdaq100 have been in modest uptrends, my bias is to the long side. So, if all these indices go up I would like to be long, and if they don't all go up or if some or all go down, I will remain in cash.
A better chart to the down-side, inversely correlated to the stock markets, would be Gold: I would be happy to be short Gold instead of long the indices.
A better chart to the down-side, inversely correlated to the stock markets, would be Gold: I would be happy to be short Gold instead of long the indices.
expect 30 points weekly range
- GOOGL, AMZN, FB earnings this week. I expect the markets to head higher.
- Buy weekly 1-strike OTM calls - QQQ or SPY.
%%
LOL agree =with the direction anyway, SPY/QQQ/uptrending bull market.
But GE is still in bear market; getting kicked out of the DOW seemed to make the GE bear trend worse .[Pretty strong SPY QQQ for a summer UP trend ; NOT a prediction...............................................]