Curious to see where you guys are at here. Looking out until the end of the month, are you bullish or bearish on the market here?
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Joined Jan 27, 2008
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i voted bear but i am treading very lightly…dicey spot in the market right now
Seller on a continued rip. Buyer on a continued dump. Find a moving average. It is so simple a monkey could do it.
SPY being the instrument.
Neither, no conviction on my part.
I want to buy as my powder is dry!
Technicals make new highs unlikely, with the most common set up being a bear flag. Only a handful of the best stocks show bullish set ups and mostly are only OK. I don’t see a crash yet, but we need to base. So maybe we rally in a couple of months assuming the outlook doesn’t get a lot worse. It appears to be weakening and the repricing is just getting started. Be careful out there this AM, don’t trust the first move.
First and second moves in next one is usually money.