Member
Posted 08 January 2019 - 11:45 AM
Let me summarize my view on @realmoney in technical terms learned 40 years ago at The Wharton School: Two weeks ago you had to have the cojones to buy stocks. Today you may need to have the cojones to sell and short stocks. Have a nice day. @jimcramer @tomkeene @TeamCavuto
Want to know where the market is ultimately headed? Follow the money: https://realinvestmentadvice.com/kass-follow-the-money/ … by @DougKass
Member
Posted 08 January 2019 - 11:49 AM
Enjoyed the Kass quote. db thanks for the chuckle.
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
Member
Posted 08 January 2019 - 12:34 PM
I see dips will be relentlessly bought before SPX2600.............
Edited by redfoliage2, 08 January 2019 - 12:34 PM.
Member
Posted 08 January 2019 - 12:40 PM
Many of those who are usually right are getting more bearish not rabidly so, as yet!
Example:
Sven Henrich Retweeted David Rosenberg
Morgan Stanley yesterday: "we believe the Fed needs to shift from a more dovish tone to more dovish ACTION".
Sven Henrich added,
Member
Posted 08 January 2019 - 12:42 PM
Enjoyed the Kass quote. db thanks for the chuckle.
Yeah, Z, could not help posting that.
HOWEVER, not meant to be sexist.... but in the more general sense of having the courage backed with good analysis to be a good contrarian trader....risk trading!
Member
Posted 08 January 2019 - 12:53 PM
I am somewhat hesitant about trading around these levels, especially during the lunch hour
Haven't bought any new calls or puts, as yet
Watch that A/D line:
Stock Market Update 11:55 ET Dow +106.08 at 23637.43, Nasdaq +13.22 at 6836.7, S&P +5.71 at 2555.36 :[BRIEFING.COM] The S&P 500 currently trades higher by 0.3%. There has been some optimism surrounding the latest round of U.S.-China trade talks.
..NYSE Adv/Dec 1873/996. ..NASDAQ Adv/Dec 1670/1222. Stock Market Update 11:55 ET Dow +106.08 at 23637.43, Nasdaq +13.22 at 6836.7, S&P +5.71 at 2555.36 :[BRIEFING.COM] The S&P 500 currently trades higher by 0.3%. There has been some optimism surrounding the latest round of U.S.-China trade talks.
Press reports have indicated this week's trade talks in China have gone well and that a scheduled two-day meeting is now slated to stretch into a third day, suggesting there is a sight-line perhaps to real progress in reconciling trade disputes. While it is unclear what is being discussed, the absence of any negative headlines has been construed as a positive that is fostering hope of a broader agreement being struck by the March 1 deadline.
Overseas, the major European indices closed on a higher note with Germany's DAX gaining 0.5%, UK's FTSE gaining 0.8%, and France's CAC gaining 1.2%.
..NYSE Adv/Dec 1873/996. ..NASDAQ Adv/Dec 1670/1222. >> Go to full Stock Market Update
Member
Posted 08 January 2019 - 12:58 PM
Although the market has expanded upwards... Rydex Ratio still is showing much of their fund monies in cash or still invested on the bear side... I do not see a likelihood of a continuation of a sell-off until the money is at least invested long into stocks.... It looks like the rally has the resources to continue it's upward trajectory...
qqqqtrdr
Member
Posted 08 January 2019 - 01:18 PM
VST it's going to have a pullback to reset the overbought conditions.
Member
Posted 08 January 2019 - 02:26 PM
Looks to me as if there will be a decline today or tomorrow
Member
Posted 06 February 2019 - 09:22 AM
Trying to post a chart.
Edited by robo, 06 February 2019 - 09:22 AM.
" “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
