S&P 500 LEVEL is about to go thru some movement, but the larger moves will be after the Month-Start-Buying period burns itself out and we will go back to the 956-923 area -- due to Month-End-Buying process, seeing the market hold up or recover off of sell-offs will be completely expected, unless there is significant news that changes that thinking
but after it reclaims the 956-923 area, look for a new high on the market, and this one is going come from the ones that missed that last move up over 973, so they won't want to be left out, so they will buy it, thinking they got a second chance to get in from where they thought was a sell-point-possible-top-out-area, and even i said it was suppose to turn there, but i am smart enough to read the tape and see that is not happening and so jumping back onto the long was the right play and closing out the short for break-even or small profit was of no damage -- i clearly stated so before the moves, so if you followed my short suggestion, and then made the chance based on my adjustment S&P 500 postings, you are sitting real pretty making tons of dough once again
i think they might even bump my salary a nickel above minimum wage this year after working here for over 25 years -- i wonder if they think i am worth it -- one can only hope so
and so the money making funniebucket machine rolls on without any interruptions of printing dough off the press and right into the bank -- this has got to be pissing off all the people just dying on their last gasp breath to see me make just one mini-minor-infantile mistake -- they must be so depressed that they can't catch me in a single wrong yet -- i can hear they thinking it now, how come this guy funniebucket doesn't screw up just one time
but folks, if you are not guarding your longs before a massive crash this entire way up, then you are going to waste your entire work of trading year for nothing -- i don't know exactly when the crash will happen, i have an idea on the level, but i need to see it approach and unfold so i can try to post it when it happens -- cuz you know i don't want to be wrong, but i will post it before it actually takes place -- then the non-believers will then say this guy funniebucket is the king of trading
i wonder if BBT is above 22 yet
what a fantastic call funniebucket, you called it beautifully, i bought the falling stock market that morning after your post cuz you said it wouldn't fall until after the month-end and month-start buying process was finished and that you also said that the recovery off of any sell-offs would be expected, and it did and i made a fortune -- thanks funniebucket, you are our hero -- and that big move up was a bonus for me cuz i listened to you -- all because you said that it couldn't fall just yet, so i stayed long and made some really good extra cash -- and today, again, all i did was buy any weakness after that large day yesterday, so today's move wasn't expected to be large, so i made it a day trader's day, and it worked out great for me -- i don't know how you did it funniebucket, but you are really something
funniebucket, you said that we would top-out from the move into the month-end and month-start buying and to get short for a pullback toward the 956-923 area, so do you think it will still happen and do you have any S&P 500 LEVEL Top-Out #s to expect a turn-point? -- i would really appreciate it, cuz your insight is the best i have ever seen in decades, you are making me so much money -- i had to ask you cuz not only do i want to make more money, but i haven't seen you in the past couple days -- thanks in advance and you are the super coolest
yes, i am glad you are making tons, and i bet your getting laid too
i bet everyone is on pins and needles wondering what i am going to do with the S&P 500 here and what i expect it to do -- well, since everyone knows me so well here, and most of the longs think i am a farce like BBT, maybe they can guess what i am going to do next -- after all, i have only hinted so many times on this message thread what to expect, do i need to say it again?
everyone is holding their breath waiting for my next S&P 500 turn point # -- and believe me, so am i, and i am going to use it -- but this time i will not disclose it, cuz every long on this board says i am clueless, cuz they are pissed off, and yet they know i have been repeatedly saying don't touch BBT and stay long the market and play S&P 500 turn points -- and i have been right, and they have a hard time admitting it -- sometimes it hurts the ego to admit when someone else is right -- but i learned that years ago, and that has made me brilliant
can anyone guess the next S&P 500 turn point #? -- let's see if any of you have learned anything
You're paid barely above minimum wage? At BB&T? What's the problem? Are those crazy Ayn Randians at the top also that cheap and inconsiderate and so lacking any empathy? That's what happens when you believe you're a "Superman" above the rest: you become capable of doing disgusting, inhuman deeds and massively deceiving yourself about it.
am i really that bad? -- i don't even make minimum wage, i must be getting ripped off, but thanks for your reply, now i feel so much better
and now for a couple of words of the wise, don't depend upon anyone other than yourself, you'll be better off that way
Many if not most of our corporate and political leaders consider compassion to be a weakness, poverty to be a disease and the use of sound monetary policies as unnecessary.
We have become self centered and stupid, and we're going to get exactly what we deserve.
never doubt me, cuz it's going to happen -- but what if we don't get the one-leg down as big as anticipated -- well, that answer to that is... it won't make a difference, cuz the market is setting up the huge rally one-leg up move -- could take us up 100 S&P 500 POINTS in AUGUST -- yup, as far as we have come in such short amount of time, but we still can make that big of move -- and if you get caught short, you better hedge by going long calls on the S&P 500
if the "enjoyment report" comes out good, be ready to get long call options -- if the enjoyment report is negative news, then we are going toward 956-923 -- so trade the reaction of the news, not the news itself
today was another glorious day if you followed my S&P 500 prediction -- i wonder if the funniebuckets haters have given up
S&P 500 near highs and BBT at 24 1/2 -- what a pathetic mess of a stock that when you see the financials index rally a huge amount while the market is down and this stock can't even make it over 25 -- wall street never gets it wrong
From Seeking Alpha:
The latest sentiment readings are disturbingly bullish. The market has not been at such psychological extremes since major market tops were last put in place. The latest reading from trade-futures Daily Sentiment Index reported 88% bulls among S&P 500 traders. The last time a reading this high was reported was on October 9, 2007 - a top in the Dow.
Meanwhile, the AAII weekly reading ticked up 2 notches to 50. We haven’t seen a reading of 50 since the market peaked back in May of 2008 just after the Bear Stearns and Fed intervention rally.
Adding insult to injury is data from Bloomberg reporting that just 3% of investors are bullish on the dollar. If you’re looking for the contrarian of all contrarian bets the dollar might just be your bet. A rising dollar in this environment would surely be a brick wall in front of equity markets. Remember, investors can remain irrational longer than you can stay solvent, but the warning flags are waving. This is a game of risk management and the risk/reward of this market is currently unfavorable. I would liken the current environment to a card counter who has just been on a tear playing blackjack, but finds that the deck is currently running low on face cards. The odds now favor the house. You can stay and press your luck, but the smart move is to simply walk away from the table.
if you didn't buy a leverage set of calls on the REITs or the S&P 500 for the upside move that was clearly about to take place when the S&P 500 was around 1002 in the first hour of trading, then you should not be trading the markets, cuz that was a pure gift -- i made a fortune, as usual
now, if you were paying attention, and you saw the inverse relationships still working like OIL GOLD USDollar, then you knew to get short for a day trade or swing trade pullback that is most likely going to happen -- i specifically said to watch out for the S&P 500 LEVEL 1010-1015 Area as a turn point to reverse and go down, and it did, so we banked more money on that move -- now, the trick is, do you hold the short for the pullback back below 1,000 heading back to a maximum bottom of 923-956 area, cuz we know if it does go that low, we are a buyer of the market because the market is going up another 10-12% from the highs we just achieved recently -- so even if you are not short for the possible pullback, you know if we get that low that your next move is to buy it and hold onto it without letting it go until we have this next huge move run up that will face very little chance of a pullback once that move to the upside already starts -- this is going to be another gift trade, so get ready and don't wimp out
watch the USDollar GOLD and OIL, it's going to be your indicator check to see which decision you should make, or to help you adjust your trade accordingly
I'm not funnie, but... I don't think we've seen market lows and I don't think we will make new highs for maybe another decade. Everyone is trying to make things look good to keep people spending, but it's not good at all. Our real economy is being covered over with unprecedented government spending and money making. Income statements and balance sheets of our financial institutions are being manipulated by new rules allowing them to look much better than they are. And the haves continue to maintain fighting between the have nots so they can continue gut the country and move assets offshore.