I haven’t done a 5 day free trial, for The PPT, in years. We’ll figure this market out, one way or another, so come into the hallowed halls of gentlemen and enjoy the comforts of unparalleled harmonious winship.
Let me clarify my position, speaking to you plainly in peasant tongue.
The market isn’t going to collapse.
I was bearish yesterday, very much so. But you know what happened today? The market fell almost 300 points. I am less bearish today.
On Friday, inside of The PPT, I acknowledged that The PPT was wrong on its OVERSOLD signal. I went back in time to give another instance of it being wrong, amidst numerous OS signals. The result was a 14 day malaise, before a sharp rally. If we copied that trading action, the market will begin to rally on Friday.
Even if you’re the biggest blood sucking vampire in the world, you should acknowledge that life has a certain vainglorious ebb and flow to it and that nothing is absolute. We will bounce and then we will go lower and then we will bounce again, in perpetuity, for the remainder of time.
The key to this market is oil.
Get your watch lists ready and be prepared to buy.
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Buy Gold (extra physical)
Well, I closed the majority of my stupid positions on the close….i’d say i’m 70% cash 5% short 25% long at this time. I’d close the 25% too , but its not so fungible.
Anyway, this means we bounce tomorrow, at the open……and the reverse and head lower. I figure we test the 200 day at this point.
I’m in disbelief. Markets don’t just monotonically go down…… they monotonically go up. What’s the crisis that is going to drive us into the depths? End of QE? Higher rates? Rates are back to June lows again — seems like Europe is doing our jobs for us.
I maintain my bullish thesis from yesterday… though with quick fingers if things manage to get really hairy.
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“I was bearish yesterday, very much so … I am less bearish today.”
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Well, today … Kudlow said BUY BUY BUY !!!
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Shocking !!!
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‘Twas the cocaine talking.
That stuff never shuts up.
I called for a collapse on Monday. It didn’t collapse, however, my puts are way in the money and getting more expensive by the day. Lookout for the collapse soon. There is a HUGE volume pocket in the IWM. We are about to fall through the mine shaft.
that is what I have confirmed in my mind, tomorrow we are cooked, taking $NOW yolo to the woodshed in the back $40s and will fellatio the next president if we green s&p @4pm wed Oct.8 (i know, it could be Rodham Clinton) -one can’t be more sure than that.
This starts tomorrow. If you are short read this and let it resonate. It.is.SHOWTIME.
http://ca.spindices.com/documents/commentary/201401003-lookout-report.PDF?force_download=true
This is quite the gift. Make use of this. When you give it a go, make sure to check out the intro video. https://vimeo.com/16045663 There’s so much going on with the screener, but you have to invest some time in learning all there is to it… It is vast, and amazing. And if you’re looking for seasonality, it’s at the bottom of the individual stock’s page.
Now I get it,video help me greatly
I was a little intimidated when I tried it last year,but must have missed instructions …thanx
Time to buy
LOL. keep saying that, just don’t do it. Otherwise expect to lose 20% in a week.
If you think the SPX loses 20% in a week, you’re a bigger moron than you sound.
Improssible. Unless ISIS bombs and destroys freedom towers, not going to happen.
Earnings are good, multiples aren’t extremely stretched. Geopol risk is there, but largely in places where the GDP is insignificant.
Free money and champaign is rolling out in Europe — and as the area slows down more, there will be more political will to take action.
Oil down? Bad for oil producers, good for long-rates, bad for banks, good for tech. All in all, a wash — unless it’s signaling a demand drop. Doesn’t seem the case… since it’s largely a supply issue.
Strong dollar? Bad for global companies, but good for parts importers. Again somewhat of a wash. No sir, I think we rally. Perhaps we have a day or so more of correction, but we’re nearing the end. -20% = no way.
1 another quarter of double digit earnings growth and watch a year end rally in the face of Ebola, the fed and everything else that doesn’t matter.
Blood moon is over, earnings are out. I believe.
but QE is ending so the market has to automatically test the 200MA, so I’m hearing.
A round of applause is needed for Mr. Cain Thaler.
Windfall profits from all his energy and fracking plays. With a sinister laugh he sold them all to us. Now he’s out rebuying them at lows and raking in fatter dividend yields.
Do you smell that? It’s the exquisite smell of the Napa leather chairs and custom woodwork office furniture from the 9th floor.
again? and then again?
If oil keeps going TSLA will be the best short of all time.
That is a VERY interesting idea.
Like.
I would higher recommend he product.
Redo: I would highly recommend the PPT.
I hope some of you are enjoying the lunar eclipse now.
Right about now is when it gets scary, and the rational, scientifically minded, intelligent people of yesteryear would be cashing in on the fears of others.
My timing has been off.
I figured the market would resist the lower trend band and try to break out on the upside rather than the downside. I still believe that will happen.
My one true belief about this market is that it cannot collapse, or even seriously correct, without a blow off top that breaks through the upper band and hovers for at least a comfortable period of time. This bull market is dependent on being a bull market, nothing else. It was blown by the Fed, of course, but the removal of QE, or even a rate hike, does not and will not mean the market trades down immediately as a result. It’s not that predictable and the path of least resistance is still up.
Yes, I am reassuring myself here.
S&P 500 averages 3 pullbacks a year, at -5% (+/-1.5%)…S&P off -3.8%…
When is PPT 2.0 coming out?