12 replies to this topic

[SemiBizz]

One of the most powerful supports is a BREAKAWAY GAP UP, especially a YEARLY GAP UP...

 

What's going to happen with today's yearly gap up?

[SemiBizz]

They still have this Dow 20,000 thing dangling out here...

 

They bopped this market around with it over the holidays...

 

Something tells me that pig is going to pop out of the trough here again...

 

They will get the market looking at that dance... touch and go on 20K

 

And sell the crap of it underneath the distraction...

[SemiBizz]

How bout that?  Not one vote for "gap filled today"

 

[Shaggies_View]

Tomorrow. "Bouncy" day today.

Shaggy

[SemiBizz]

If this gap fills today, that's going to be a juicy treat for the bears...

 

DJIA just 20 pts away

[thoughtpwr]

It somewhat depends on which index you follow for bear moves.  IWM is what I use and its already filled the gap as have most of my shorts in VFC, ADI, although FB has yet to do it. FB is following SPY strength.  Silver and gold are positive this morning hinting at more potential strength to follow up on last weeks strength. I put a put spread in place this morning expecting a 4-6 week rally to follow in the metals.  My shorts went directly to resistance following the gap and melted, so in spite of this AM's gap, I remain bearish. 

[redfoliage2]

It somewhat depends on which index you follow for bear moves.  IWM is what I use and its already filled the gap as have most of my shorts in VFC, ADI, although FB has yet to do it. FB is following SPY strength.  Silver and gold are positive this morning hinting at more potential strength to follow up on last weeks strength. I put a put spread in place this morning expecting a 4-6 week rally to follow in the metals.  My shorts went directly to resistance following the gap and melted, so in spite of this AM's gap, I remain bearish. 

I see SPX will follow to fill the gap as soon as tomorrow.

[alexnewbee]

They will reverse this slump and rally the markets till the end of next week, IMHO.

[thoughtpwr]

Given the short time that it took to reverse the rise in IWM and other stocks, I think it's likely that we continue down for another couple of days  or into next Tues to test and reach some of the nearby lower targets before rallying into expiration. The strength of SPY along its  20 DMA certainly is a glaring problem to moving lower. I also expect IWM to rally inside today's range during tomorrows session. A key should be if SPY closes above 225 tomorrow as IF it doesn't then Santa's Rally failed and may trigger more selling. 

[kinga200]

It somewhat depends on which index you follow for bear moves.  IWM is what I use and its already filled the gap as have most of my shorts in VFC, ADI, although FB has yet to do it. FB is following SPY strength.  Silver and gold are positive this morning hinting at more potential strength to follow up on last weeks strength. I put a put spread in place this morning expecting a 4-6 week rally to follow in the metals.  My shorts went directly to resistance following the gap and melted, so in spite of this AM's gap, I remain bearish. 

I see SPX will follow to fill the gap as soon as tomorrow.

I fully agree