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lift off wont last very long. Possibly 4590 - 4595. have a feeling of a big correction coming in October.
What are these red and blue lines.
Question is. Will we see new highs from this bounce. I believe a bigger drop is in the cards resulting in much lower lows over the next 6-9 months.
You may get a chance at that again. Sooner than ya think.
tapering don't mean nuthin. Just means fed will reduce the amount asset purchases but will still grow their balance sheet. Its all smoke and mirrors
Same here. Did not pull the trigger. I have my eyes on QQQ and spxu. Next week is a long weekend and markets usually move higher during those times. We could move thru 4550 on the spx next week and the following week.
So what is the top for his forecast.
I will piggy back on your trade tomorrow. Thanks for posting.
460 is the new number.
There is no shortage. This is just a ploy to bring more truck drivers in for cheap from eastern europe and enhance profits.
Is 375 going to be the top here for the Q's
Aug 15 1971, when Nixon made the smart move to decouple the dollar from gold. Last week was the 50th anniversary of this event. 50 years of non stop printing.
Good Call
DD. Thanks for your input. I did go long spxu yesterday and exited for a quick 50c scalp. Missed shorting the Q's. Keeping an eye on them for a higher entry point hopefully sometimes next week.
The mkts are setting up for a major top that is coinciding with the fall of Kabul. The U.S. has lost its footing in that region and thus the world. This will be reflected in the U.S. equities mkts. Other powers like China and Russia have been invited in by the Taliban to build their country and make that region into an economic power house. Russia wants to sell its oil thru the persian gulf by building a pipeline.
I think your input is valuable. I do follow your posts. Did not short BIDU though. What is your prognosis for spy.
Pakistan will never invade Afghanistan. There could be a WW if that happens. India will come to the aid of the Afghans. Since those two countries have very good relations for a long time.
What is your basis for saying this.
The SDR is not a currency. However, the SDR is pegged to the $, Euro and the Yuan. The implication is that now the $ is no longer the only currency that matters. It has lost its grip as the global reserve currency.
IMF Governors Approve a Historic US$650 Billion SDR Allocation of Special Drawing Rights.
Bye Bye petro $
good call
EOD spike coming. Close above 4400
I think the FED knows a lot. But they are subservient to the
people (corporations, banks ...) who put them in office. In other words, they obey the master. The masters have benefitted handsomely from the printing press.
That almost sounds too good to be true but I am intrigued. Would you be willing to discuss this further by replying to me in a private message. Thnx
Most of the free money is going to corporations and corporate executives, such as gates, bezos, zuckerberg, .....If they started collecting interest on it, it would not be corporate welfare.
As they say. Sell the news!!
Does anyone know of day trading sites where you can follow a live experienced day trader in real time and enter and exit trades with them.
Its been like that for the past one year and seems it may continue that way for years to come. fed is the only buyer at these levels.
what is the reason for today's stupendous rise.
Even with the light volume today. The volume has been steadily declining as it has gone up so far today.
JP Morgan lifting spx year end target to 4600. huh
If we reach 350. That will set up a bear market even if there is a bounce from 350. This could be a 7 - 10% correction with a resumption to the top. Will there be new high's this year. I am in the nay sayer camp.
what is the number for the 50 day weekly.
Crude oil futures reached at a double top from Oct. 2018. Let us see if it can hold above 66.
if the markets are rising before JP's comments. They usually fall after his comments. Let us see what happens today. MKTS are up right now.
Is it going up or down or both
FED balance sheet to continue growing despite tapering talk.
https://www.marketwatch.com/story/why-the-feds-balance-sheet-is-expected-to-top-9-trillion-after-it-starts-reducing-its-monthly-asset-purchases-11626135642?siteid=yhoof2
That is what he posted before he left the board and also Dow Deva posted the same targets just recently.
we are approaching NN's target of 4400 on the spx. After which he expected a decline to 125. So far he seems to be right. We have almost made it to his upper target.
We made it to the first level in your range. Good call. Now waiting for 320. hopefully by end of july.
I am not touching anything long for a while. Just wanted to get a consensus on a good shorting point. Shorted 100 shares today and will gradually build position. If the long term projection is for the spx to go to 1200. Q's will go below 100 if not 50.
what is the upside target for QQQ, until it corrects.