New Trading Systems - Think Tank

[GLENO34]

I agree..Guess I take a personal view of debt and it seems to me that the sheriff is about ready to put a lock on the front door..But as you say probably go on a lot longer than we think..Look at Greece..

[kiy]

2017...S&P EARNINGS = $124 TO $130 A SHARE...


...from Daily Wealth...By Briton Ryle Wednesday, December 14, 2016

Predictions 2017

1. The S&P 500 will hit 2,425 (but don't expect it to finish the year there). Might as well get the toughest one over with first. I'm seeing S&P 500 earnings estimates between $124 a share and $130. Right now, 2016 earnings are expected to come in around $108 a share. So analysts are expecting a pretty big jump for earnings in 2017.

Why? Well, oil stocks will help. They've been a drag on earnings for two years. Now, with oil prices up, they can contribute on the positive side. And then there's Trump...

Analysts are already pricing in a corporate tax cut to 18–20%. And with Republican control of the government, this will likely happen.

At $130 a share, the 2,425 level commands a P/E just shy of 19. I think this is doable.

Expectations are already running high. That can certainly carry over to the early stages of policy actually being enacted. As in there will be enthusiasm if Trump goes after taxes first — stocks will rally more. But will overall policy be enough to sustain stock prices all year? This is where I have doubts.

Earnings estimates for the year ahead are always about 10% too high. Even if we get a boost to earnings from tax cuts, the S&P 500 will likely not hit $130 in per-share earnings in 2017. And if Trump really gets aggressive on the trade front, earnings could be impacted.

What if China retaliates against U.S. companies? GM is in the news today, as China has opened a probe. China can easily dent earnings for companies like Apple, Ford, and Starbucks.

So, I think we see a rally in the early going of 2017, with market highs coming in April/May. Then we get volatility in the second half and finish 2017 below the 52-week high.

2. Oil trades between $50 and $75. I think this one can be answered with a simple observation: Saudi Arabia wants to sell part of its oil company, Aramco, in an IPO. Will it make more with oil at $50? Or at $70? Exactly.

3. Gold rallies back to $1,300 in the second half. I know, I know, gold is very oversold right now. But with enthusiasm for stocks in the early going, I don't see a strong rally coming for the barbarous relic. Sure, a dead-cat bounce is likely soon — use it to lighten up. Don't expect a sustained move higher until late summer/autumn.
Daily

[Rivers 1]

Ok King. But I'll ban those who post with a bottle of wine under their belt! LOL!! Merry Christmas to all!!!

All I need now is to understand twitter.

Also Foot, while you are helping me with that, you could clue me in on just how to vote for you on stockcharts

[Footquarters]

LOL King

Happy Thanksgiving

[TheKingFool]

All yours River, take over :) I even stopped trading a few months back,. I have all the money I need, so do my kids and grand kids. Markets have been very lucky for me, more then being good at this game.

GT
King

Ps Was a blast all, I hope you all make a lot of money...Last post for me, cya all

[Rivers 1]

11 months since your last post. We might need a new moderator, LOL!
Hope all is well.

[TheKingFool]

I see the BS never ends, when are you all going to learn to trade? Or are you all just going to keep seeing what the other guy is doing?

:) GT
King

Ps..Message boards are done, thur, over...you name it. Was a good run while they worked (did they?)

[Footquarters]

Yep


Decided to do it on Twitter. Easy format and don't have people deleting my posts LOL.

My public charts and daily commentary are at

http://stockcharts.com/public/3421479

[kbuilder]

Hey Footquarters,

Thank you for invitation. I missed your great charts and comments.

[Footquarters]

Twitter @ThinkTankCharts


follow me through this twitter site

[kbuilder]

Thanks Rivers. I wondered where those guys went. I enjoy reading their board. I got into the SPXU earlier this week, based on the daily chart signal. The trade really looked good on Thursday, but Friday gave it all back.
Good trades to you.

[Rivers 1]

These guys made a new free board.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93289139

[kbuilder]

You're right. I was just venting a little here. Some boards are here for us to read, but we are blocked from making a public reply.

[Rivers 1]

Which board are you referring to? Pretty lonely here. LOL!

[kbuilder]

Well there is a board here that does not require a subscription. I will read this board, but not he others.
Good trades sir
kbuilder

[Rivers 1]

Daily read.

http://stockcharts.com/public/3421479

[Rivers 1]

Foot. Saw your post on being dropped by Blue Cross. Trend1 deleted my response as the market was open, 9:40 A.M. LOL!!!

Can a person be fined/taxed for not having coverage when they were dropped by their carrier. Seems like it would be an interesting law suit. Maybe a class action suit. Here's your chance!

[Rivers 1]

Newest board.

http://investorshub.advfn.com/Charts-SYSTEMS-27320/

[blasher]

LoL! . . yes, awesome!
I have completed my move to Northern Ohio and am now a Browns fan ...
but still route strongly for my Redskins . . .
UNLESS they change their name.
Snyder seems ready to stand strong ...
hopefully he is not "forced to change" by government or the NFL owners.

[Footquarters]

Redskins revolt

[Rivers 1]

Hey Gleno, Foot, Trend etc. you could always come back home. Pretty lonely over here. LOL!

[grasshoppah]

That is the top in the spx, right?

[grasshoppah]

Is there a particular reason you think the top is in?

[Rivers 1]

BTW, the top is in. Don't be caught off guard when gold follows bonds opposite to stocks!

[Rivers 1]

A good daily read from Footquarters. LOL!
http://stockcharts.com/public/3421479

[Stork101]

does anyone know where our old friend Scamman is hanging out these days?? Sure miss Clear Station

Thanks
Stork

[euterpe1]

More along these lines, IMO...

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p08194157379&a=287654489

[Nirvana]

If we get that Super Tuesday tomorrow!!

[euterpe1]

Rally to the blue MA line.

[euterpe1]

Nice breakout which is now looking like a head fake.

[Footquarters]

3 charts 1160 would be when to buy

I thought it would break down sooner. Death Cross in Gold and the Miners, so rallies will likely be sold into. The break of the lows will likely find us going to the reversal Fib of 1160. GS says 1270 in 2014, so there is plenty of time to "Get in". LOL

[Rivers 1]

Foot, are you still thinking there will be a rotation out of stocks and into Gold, PM's and the miners???
TIA!

[euterpe1]

Sold SDS at the close. The hourly is way oversold. Look to reload on the bounce.

[euterpe1]

Started buying SDS today.

Short term, we should get a good pop down, but that would put the $vix in overbought territory.

http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=0&mn=8&dy=0&id=p52025019122&a=287788386

[Footquarters]

Thanks

Going on a Cruise for the Memorial Day Weekend - leaving soon.
Yep, test of the bottom from yesterday. Doing my Gann charts again and hopefully, the Fed won't blow them up again. Boy, housing is in a pickle here. Inflated prices, new homes will suffer, existing homes have some room, so they will continue to rise a couple more months, maybe until the reports start coming out of another bubble. Lumber prices are telling with this fake out economy. Durable goods may be a surprise, since the government had manipulated all the figures to make them look like the sequester had killed everything. That will move the market. Up 1.5% verses down 5% last month. That is the Bellwether of the housing market.

[Wishthiswasmyjob]

Footq -

I'm just sending a note of thanks for the excellent work you do on stockcharts.com with your list and commentary...

It is always one of my first daily reads - today could be a bad day developing here - DAX now down 1% and our futures sliding down more and more - and no pumping today...

To me, it really feels like we're at an end point - all the paper shuffling work done by the Fed and gov't to get us firing on all gears, but they fail to accept to bottom line fact that it is strictly the private sector which supplies the pure fuel needed for "proper growth" - and that just isn't happening.

[Footquarters]

Bullish wedge if you ask me :)

[euterpe1]

G, I will be selling half of all longs at the close today. Trend is still up, but the MACD with 2 straight days of vertical gets my attention.

Hope all is well...been really busy.

[kbuilder]

Nice chart. Looks ready to crack... Good trades to you!

[crosswinds]

WEEKLY CHART
http://stockcharts.com/h-sc/ui?s=$SPX&p=W&b=5&g=0&id=p60176659426&listNum=53&a=299671385

[Footquarters]

Philly Fed meeting... A Must listen

Professor Jeffrey Sachs of Columbia University really lays into the banking system a few minutes into the recording. LOL

[SilverSurfer]

doom ?

NAUD cross of the 50 will doom this rally

[Smokey22]

Thanks, Foot.

[Smokey22]

Hi, Ducci1. I am from the other board, the New Clearstation board on ihub. Kbuilder said that he thought you might know Scamman from the Clearstation S&P board, and might know whether he is here on ihub since Clearstation board closed. Do you know if he is here somewhere, possibly under a different handle? Thanks.

Smokey

[SilverSurfer]

Jaws

[Footquarters]

Risk ON trade?

My guess is that we capitualete and then the great rotation out of stocks into GOLD, but maybe this is just another Yen deal

[SilverSurfer]

blow off top soon or hap this week ? tia

[euterpe1]

snoot, this chart has worked like a charm. Thanks for sharing.

[Footquarters]

Thanks!

Still learning and putting it out there. Gann and Gartley have some cool stuff. I have been reading about their methods and putting it out there. Footerizing it to get the votes LOL.

[snootmagruder]

Foot, congrats on moving up into the top 5 in Stockcharts public list. You made it look easy.