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I am favoring scenario 3. The likelihood of that happening is the least therefore it will happen. If it does happen then spx could reach 4000 by next year. Oil down, economy down, bad earnings, high gas prices at the pump (should be 0.25 less nationally), millions unemployed, small business closings, taxes going up and the stock market says, "No problem". Thanks to the fed. This is a joke.
Having mentioned my opinion above I am hoping for scenario 1. Currently short spy. Hoping to cover near 1700 or lower.
It is in an earlier post from two or three days ago.
That is quite accurate. Any posts foe the rest of the week. He has spy closing at 274.32 tomorrow.
so what are the fibs and have we hit those targets.
He aint got nothin to say
Have we bottomed for the day.
looks like we test the fifity
I was about to say, uncle sam should be the last one to point the finger for bad management.
thats all of them
Oil is bullish long term. August and sept contracts are showing strength. with the cuts this month and the economy opening, mid 30's is very likely by october.
falling oil has had no effect on the markets recently.
I think thats all she wrote fro today. down from here
is that trading hours. Which would mean about three days.
Do you see a move to retest today's high. I do.
I think that opportunity will come again, maybe even today. All technicals are pointing bullishness. There are probably a lot of short stops between 2884 - 2910 area. MM's trying to trigger those for a short squeeze. Best to be on the sidelines for a day or two.
There are probably a large amount of short stops just in the 2884 - 2910 area. Probably taking them out.
If they can print infinetly, then why could they not the oil market from collapsing.
According to stock charts the 55 sma is sitting at 284.25.
absolutely correct
If what you are saying is correct and it could be, then the real question is, who is backing T. He cannot go against the establishment all on his own.
That is what being proposed. Have to wait and see.
New cv-19 case is begining to increase based on the graph posted by the CDC. Is that not bad enough. Oil is finished. We are at the mercy of super powers russia and china. We cannot go and invade them like we did iraq and afghan (defenseless entities). Russia and china will not turn into lap dogs like the saudis.
All this means is that the house of cards has already collapsed. New stimulus on the way for every one with agi less than 130K. 2000 per month for six months. If things were not bad why would all this be happening. In the chicago area where property taxes are very high and due in june, a lot of people cannot pay.
This country needs to reduce government and more importantly reduce the # of elected officials, nationwide, thereby reducing their bloated pension benefits. Most americans dont have pension anymore.
federal govt (senate and congress)
State govt (senate)
county govt
city govt (council, ...)
Hey NW,
I shorted QQQ just recently in the AH, when trump made the announcement of that vaccine or something. It traded almost to 219 in the AH that day. Not sure of the exact date but it was within the last 7 trading days. Was tempted to short spx as well and should have but could not pull the trigger. Looking to do that next week hopefully. Learnt a long time ago that one cannot buy and sell at the exact top. That is only for the da'boyz.
Not saying that. What I meant is that 320 would be a great place to initiate a short position. Although, I dont believe we will come even remotely close to that level. But those already short such as myself are feeling the bath water begining to boil. I dont believe there is that much more to go. So staying strong.
Already holding qqq short at an average of 218 and waiting for the big drop. Similarly waiting to short more spy as well hopefully next week.
Absolutely right. Bring on 3200.
I am short now with 5 % of my cash. Bring on 3200. will load up more. Right about the time when shorts start to feel the pain is when they should hang on. This is near its turning point, volume is down, momentum is down and adv/dec ratio is bad, most of the spx stocks are below their 50 ma. So there is no strength. Things could get ugly as early as monday.
can you explain this chart.
I can see 5 but not zero. These things happen only once and when no one is expecting. No one could even think of oil going to zero, much less below zero, except the insiders and they profited big from it.
Is there a way to buy gold bars physically, instead of thru mail and how do we know those certs are real and not fake.
I dont believe crude will see zero again
Also according to our 5% er (NN) a lower bias is projected.
ATH favor the 1% of the planet, because they are fully vested in stocks. Therefore the fed does not care if there is hyper inflation. The value of their money will be conserved. Fed's goal is to bankrupt main street, so that the 1% can buy everything for pennies on the $.
However, my belief is that there will not be ATH's. According to Louise Yamada, this is a BM rally. I have a lot of respect for her. Be patient,I think we are headed lower.
It seems that the USPS had given amzn and UPS a very lucrative deal for package delivery. This is something Trump had brought up over a year ago and now he wants the Postal Service to increase the rates for amzn and UPS.
"Trump: Postal Service must charge Amazon more, or no loan".
This is impressive. I guess the free ride for amzn and ups is over.
That is terrible news. What keeps this mkt up. I see a drop coming in the next 15 min.
we have seen price action both above and below. Which way will it settle
oil not going to 55 anytime soon. The new powers on the block russia, china and india will squeeze the US, without firing a shot.
sentiment on the board is turning bullish, even from the biggest bears here.
looks like another attempt at the 50.
I believe he has lost the election