Will the S&P hit 1300 in February?

Will the S&P top 1300 in February?

  • Yes it will go higher than 1300

    Votes: 48 36.4%
  • No, it won't top 1300, I agree with the bird

    Votes: 55 41.7%
  • I don't know/I can't form opinions/the bird is a moron

    Votes: 29 22.0%

  • Total voters
    132
Quote from jackbyrd:

Once again Mr Volente has put a ceiling atop the market. Good work sir.

excellent and astute observation jackbyrd! Does he remind you of someone?

Quote from volente_00:

As January goes, so goes the year.

I think we will see 1300 by February option expiration.
 
I voted in the poll that the S&P would go higher than 1300 but my real answer is 'damned if I know.' If the selloff continues tomorrow and we close on a low of 1260 or 1255 then this could get ugly.

rubberbird, you are truly da man, though. You make clear calls and, from what I've seen, you're usually right.
 
Quote from HispaTrader:

The SP is forming a triangle on the daily chart. Look for the breakout. Can't predict the direction of the breakout here.

Ditto. That said, the chart looks a bit ovextended, and ready to pull back into the 1220-1240 area.
 
Quote from doublea:

No carry-over buying in the morning. Added short @ 1282.5. So far looks like a good decision.

Covered @ 1274.25. Still have a short position that was initiated @ 1288.75. Tomorrow we might trade in a range before the employment numbers come out. Will short any break-out or break-down after the report but if we see some weakness in the morning, I wouldn't hesitate to go short again.

1250 seems like a resonable support because it's a nice number and. I do not think that will hold for long though. 1200 is my target for Feb.
 
Actually, I could use a good ole 8% dip off the highs last month.

'cuz it looks like we are right in the middle of that #$^%& December trading range again.

Mr. Bird, please take us back to the low 1200's for some volatility. If you could just get the S&P to punch through the 1260's, it will probably coast the rest of the way.

Today was nice. Lets have a few more of those.
 
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