SPDR S&P 500 (SPY): Curious, what's your rationale for anoth...

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thunderbird2004

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thunderbird2004

Re: GuTA post# 195004

Thursday, 04/14/2016 2:27:44 PM

Thursday, April 14, 2016 2:27:44 PM

Curious, what's your rationale for another 1% up move after 2 consecutive days of 1% ups? You always make good calls so I wonder why you think this will go to 210 this soon?

I am looking at megacaps that are holding this up and they seem very stretched. For example Exxon Mobile is actually near a 52 week high, while their earnings will be atrocious even with 50 dollar oil...the valuations of some of these companies are quite surreal..

I am holding 209ps this week and next week, thinking a retrace to 207 first before any leg up, if there ever will be another leg up.

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