25 replies to this topic

[tradesurfer]

https://stockcharts....id=p39786538498

 

put call 10 DMA looks like the same setup as in February 2020 right before 30% crash in 20 trading days.

[redfoliage2]

https://www.cnbc.com...gs-q4-2020.html

[slupert]

 

Here is my outlook for the month:

"Expect SPX in the range 3850 - 3880 by the end of the month ..................."

Yep,  they've had plenty of oportunity, Bidens first real important press conference and he will be talking about stimulus, can;t go short in to this. (JMHO)

 

I was dead wrong and shoud have been paying closer attention to what's going on. ((JMHO)

[linrom1]

Rickards says that this was the third worst pandemic since the Black Plague. Markets don't recover from these! It'll take twenty years to get back to new normal.

 

This is nothing new, but 50% of employment is in small businesses----they won't come back,  and who would want to start a new business in USA  now.

[12SPX]

What's interesting about bidens speech though is yes he is going to provide stimulus but in the same breath he is so depressing it scares people!  Pretty sure the next 4 years are going to be just like that or at least until he's out of office on the 21st lol!!!  I'm not surprised at all we started lower wish I hadn't covered my short lol!! 

[salam]

So.

 

Today is a big test. 
 

Bulls buy bad news, wall of worry.So I agree with Red, today should be an update.

 

a close below SP 3790-95 into the weekend is not bullish.

 

Sentiment is key atm 

[12SPX]

I'll be surprised, SP500 expiration now done, this cycle has been relatively flat with a slight upward basis but could change the numbers a bit if the SP100 number and futures SP500 move lower at their expiration close.  Nonetheless looking down....

[salam]

Oh Dear....break of 3770 as I type 

[redfoliage2]

Nothing else, just the rinse and repeat game .........................

[redfoliage2]

It looks near the end of the rinsing phase.    SPX down 27 with VIX up only 0.87 today.  You should know what will happen next day..............

Edited by redfoliage2, 15 January 2021 - 04:06 PM.