9 replies to this topic

[ZIDANE]

The parabolic phase of the greatest bull market in history is still well underway. Bears were thrown a rare bone but failed to do much with it as they were swiftly rug pulled. The recent healthy 3-day, 2-3% correction ended as quickly as it began, doing its job perfectly: resolving overbought technicals, flushing out weak hands, and getting plenty of traders beared up. Its amazing how many bears crawled out of the woodwork to call for tops, crashes, omens, and doom and gloom scenarios over a routine, shallow pullback. Folks were aggressively shorting, buying puts, and writing calls, all in hopes of nailing THE TOP. I hate to break it to them, but resisting the greatest bull market in history is a futile endeavor.

Ive mentioned before there will be minor dips along the way, but the underlying bid to this market is a force to be reckoned with. All dips will be bought. I would only be somewhat concerned if we see a correction greater than 5%, but the likelihood of that happening anytime soon is extremely slim.

Bears have been warned: New highs are imminent! The trend has been up, continues to be up, and remains up until proven otherwise.

Watch the sky, 😄

[andr99]

I agree and I'm long in Europe despite all the dark predictions on the web of the last two months, but I'm not sure that this greatest bull market in history will be able to avoid a big correction in 2027

[linrom1]

You got to get out of semis. Just look at the manipulated pump and dump.

[12SPX]

Hmmmmmm when I look at the numbers all I see is another regular market sorry.  Just curious were you trading from 1985-1987, 1995-2000, 2005-2009.  Interestingly I was told they were the greatest bull markets of all time.  This one is no different and currently the S&P500 is up +9%.  Now if it were up +20% I'd maybe say it was bull market but to me this is just another regular market but then again I've been trading for 40 plus years lol!! 

[ZIDANE]

I agree and I'm long in Europe despite all the dark predictions on the web of the last two months, but I'm not sure that this greatest bull market in history will be able to avoid a big correction in 2027

Agree...the chances of a big correction in 2027 will become exponentially higher than they are today. But that's still many, many weeks away. We should see the markets up another 20-25% before any meaningful correction. 

[ZIDANE]

Hmmmmmm when I look at the numbers all I see is another regular market sorry.  Just curious were you trading from 1985-1987, 1995-2000, 2005-2009.  Interestingly I was told they were the greatest bull markets of all time.  This one is no different and currently the S&P500 is up +9%.  Now if it were up +20% I'd maybe say it was bull market but to me this is just another regular market but then again I've been trading for 40 plus years lol!! 

 

I have been trading for 30+ years, and have never seen a market quite like today's. Not sure what you mean by 9%... this secular bull market began in full swing back in 2009 when the SPX was trading under 700 and the Naz was under 1300. The SPX has more than 10x'd since and the Naz more than 20x. During that time, countless individual stocks have gone up several thousand percentage points, engaging in bull runs the likes of which we've never seen. We're still in the same bull market that began in 2009, only now this is the parabolic phase of it. 

[12SPX]

Oh I just meant this last run, yes we have been up since 2009 but I don't agree that we'll seen another +20% from here, I think were nearer the end for a sideways volatile market with only small yearly gains.  I get where your coming from as your comparing this run to the internet blowoff 99-00 just like every other bull out there which should be a warning in itself lol.  The market is only 2 points from the peak of valuation from back then however and we've already seen huge runs from the mag7 already.  Either way I don't really care as I just sell options in either directions so I'll be making money anyway and don't have to rely on hoping for one direction, I'll make money if it continues up, sideways or down lol!! 

[andr99]

 

I agree and I'm long in Europe despite all the dark predictions on the web of the last two months, but I'm not sure that this greatest bull market in history will be able to avoid a big correction in 2027

Agree...the chances of a big correction in 2027 will become exponentially higher than they are today. But that's still many, many weeks away. We should see the markets up another 20-25% before any meaningful correction. 

 

 

which thing means that we have the same market perspective in our mind

[slupert]

Expecting market to erode until 2nd 3rd week of June. Would be nice to see it test 6850, then we should get a Summer rally, but believe volatility will pick up immensely as all the first half joy will be sucked out of the market. Then drift lower in to the election. Anybody that goes 100% long in to that election is crazy. . Then no grind this year, they sell it. jmho0

[cycletimer]

There will be turbulence through the months of June/July. It’s all geo-political related noise. Oil has established an uptrend that won’t end until upside targets of $200-240/range. That spells $9/gallon fuel prices in places like Dallas, TX. Probably $14-15/gallon in California.

We’re in a bull market in equities, that is true. I believe we will get a panic-driven 20-25% plunge in 2027, even another -10% this year in November of this year. I no longer aggressively trade and With exception of covered call writing, I don’t play options. I never buy premium. When market feels tippy and I’m playing the cycles I follow, I buy $HDGE to hedge my equities. I’m 30% net long in energy names and consumer staples ( and I sell covered calls monthly), as I’m risk averse. I did something recently which is daring for me; I purchased $XOVR for a play on the Space-X IPO.

*What will be a surprise is a bottom in long term treasuries. I believe buying $TLT ($ZROZ for aggressive traders) in here will be a winner.