S&P 500 Analysis & ETF Trading

[kiy]

Gambler's opinion... verses...Technical Assessment
This is a Market that is on EDGE...be careful...

Get experience and knowledge in technical indicator trading...not just speculation/gambling. It will serve you and others better in the long run...look for consistency and build on that consistency...don't just gamble...

I can think of a couple of reasons not to be real anxious to own AMZN...AAPL...IBM and others...and the better trade is still short...1. Very well defined downtrend along with recent 2. earnings reports that should make you apprehensive if a long term holder of these stocks...
AMZN...AAPL...IBM... are some of about 10 high flyers that many follow...many gamble with these stocks and should state their position as a gamble/daytrade or they are pushing a speculative opinion onto an I-Hub crowd that is very inexperienced...

Your assessment could do damage to the less knowledgeable here...
Need to include an assessment of the daily relative to the intraday timeframe basically in the sense of a swing trade not just a daytrade off what could be a Dead Cat type bounce...or a range bound/sideways play...but especially set some parameters around the expected range that Identies the "harsh down trend" that AMAZON and many other high flyers are showing...=HaiR TRIGGER until confirm breakout of downtrend...needs to be noted loud and clear=yes there are some potential 20% up/down trades here until the downtrend is broken...is the correct oservation/assessment...

You need to know your environment the same as if you see a big cat with stripes you will know what kind of cat you're dealing with...harsh down trend...ETF/sector in a downtrend...overall market downtrend has yet to suggest a more bullish stance...not a bull friendly environment other than just bounce... edge of that cliff everyone is talking about on S&P could be 1404...1400...1396...same goes here with what I said when replying about a long silver position=have a hair trigger even with silver if price goes over edge =even silver/gold at first will go down...in a panic...everyone just wants out.
Thin Ice=
You hang out on a speculative option trading board for even a day and BAD HABITS get acquired fast... (see post on Intro Board on how to fix a bad habit). Bad Habits get acquired fast...and will actually result in a dis-service to yourself and potentially harmful to others that come to this Board to learn a bit more then speculation/gambling...I'm very unhappy with the last 2 know nothing gamblers that came here...know nothing other then to force a gamblers opinion from oversold is just enough knowledge to cause serious damage to the less experienced...and is not and shouldn't be the goal here... I don't care if you gamble...but don't promote it or yourself... here.
Speak to the technicals and charts... and to the daily bias... and to the overall TREND and environment...
You are only as good as your next trade...make it with knowledge.
Enjoy
Ki...Kiy...theMatrix...

Gambler's opinion... verses...Technical Assessment