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SPDR S&P 500 ETF Message Board

ibdman15 75 posts  |  Last Activity: Sep 3, 2015 11:23 PM Member since: Mar 10, 1999
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  • raise cash sell all stocks, etf's and mutual funds. do not listen to folks on CNBC with 2,200 SPX Targets. we will be lucky to close 2015 above 1,700 perhaps even 1,500

    "Stock indexes popped higher in the first 90 minutes of trade Thursday and then stepped down steadily to a weak finish. The Nasdaq lost 0.3% after being up 1.1%, while the S&P 500 pegged a 0.1% gain. The IBD 50 fell 0.7%. Volume fell across the board.

    The day's negative reversal was a reminder that this market is in correction. It's acting like it, too: up moves in weaker volume, down moves in stronger volume.

    With the market in correction, individual investors should stay on the sidelines and wait for a confirmation of a new uptrend."

    Sentiment: Strong Sell

  • ibdman15 by ibdman15 Sep 2, 2015 11:09 PM Flag

    NYSE and Dow occurred a month ago ish. DEATH CROSSES on Mid caps, small caps and SPX last couple of days. More carnage ahead. IBD MF index hasn't had its DC yet.

  • Bullish newsletter writers in two weeks have declined to levels not seen since March 2009. Just a secondary indicator. The volume decreased 15% on NYSE and 18% on Naddy today versus yesterday's carnage. Perhaps a dead cat bounce once again? IBD 50, IBD 85/85 and New America Indexes are getting totally crushed. Watch the leaders and I don't mean the FANG stocks!!!! AMZN is a friggin Joke.

    Sentiment: Strong Sell

  • This week's slide in the major indexes has diminished hopes that the Aug. 20-25 sell-off would be short lived and nothing more than the machinations of program trading.

    Leading stocks paint a market in need of catharsis.

    The average IBD 50 stock is more than 12% below its prior high, and many of those charts look like they haven't yet formed the lows of their patterns.

    To be sure, the rout and quick rebound on Aug. 24 skewed many charts. Thus, the lows generated that frightful day are not as significant as the day's closing prices, something that needs to be factored into the chart analysis.

    Still, no breakouts seem imminent among the leaders. The IBD 50 fell 2.5% Tuesday, the second-straight drop of 2% or more.

    Some institutional favorites faltered. Netflix (NASDAQ:NFLX) gapped below its 50-day moving average in active trading on news of potential competition from Apple (NASDAQ:AAPL).

    Dollar Tree (NASDAQ:DLTR) gapped down to the lowest level since January after the discount chain missed sales expectations for the July-ended quarter.

    By now, growth investors should have little or no exposure to stocks.

    Regardless of how far indexes will sink, there's no other prudent course than to seek shelter in cash.

    Brokers' yields on cash investments may not be enticing, but they're better than losing 5%, 10% or more on futile stock purchases.

    Sentiment: Strong Sell

  • Reply to

    Observations of NYSE Comp

    by ibdman15 Sep 1, 2015 4:21 PM
    ibdman15 ibdman15 Sep 1, 2015 4:36 PM Flag

    Cramer has no idea how bad it is, no idea....people are losing their jobs and hours being cut due to the Liberal Policies and minimum wage hikes. It's killing business at a very critical time in the "normal business cycle" of expansions and contractions. Remember the stock market leads the economy and MSM news articles. Volume accelerated today from Friday and Monday. stocks will be down 50% well before any officially says we are in a Recession....like Canada is.

    Stocks sold off into the close, falling for the eighth time in the last 11 sessions Tuesday. According to preliminary numbers volume was sharply higher across the board. The Nasdaq closed down 2.9% and the S&P 500 fell 3%, while the Dow Jones industrial average sank 2.8%.

    Nearly every industry group fell in the stock market today. Losers topped winners by better than 5 to 1 on the NYSE and about 4 to 1 on the Nasdaq.

    Oil fell sharply, ending a three-day win streak of big gains.

    Forty nine of the IBD 50 stocks fell with Smith & Wesson (NASDAQ:SWHC) the only exception. Shares of the gun maker hit a new high and are slightly extended past a 17.14 flat base buy point.

    Dollar Tree (NASDAQ:DLTR) plunged 9% to a seven-month low in huge volume. Early Tuesday, the discount retailer reported Q2 sales of $3.01 billion, up 48% from a year ago, thanks to contributions from its Family Dollar buyout. But analysts expected $3.04 billion. Dollar Tree also gave lackluster revenue guidance for the year.

    Sentiment: Strong Sell

  • close today was below any of the closing lows in October 2014

    On MDY (Mid Cap 400 tracking ETF) the bottoming tail last Monday was down to Sept 2013 levels of $221/share.

    Get ready, 50% or more here we come! Sell everything.

    accelerating volume on today's measured carnage, no panic based upon VIX, P/C, etc Market has much further to fall!

    Sentiment: Strong Sell

  • Reply to

    The FED Must Release A Statement

    by rexstetsen Sep 1, 2015 2:45 AM
    ibdman15 ibdman15 Sep 1, 2015 7:28 AM Flag

    a statement that Janet Yellen is having a psychological episode and therefore was not at Jackson Hole? The FED will be blamed for the impending 50% stock market downdraft because they kept rates at zero for too long to help the liberal dems.agendas.

    when apple drops 60%-70%, the market will have no where to go but down into the abyss.

    Sentiment: Strong Sell

  • ibdman15 ibdman15 Sep 1, 2015 7:24 AM Flag

    It's true. Lower highs and lower lows is definition of a down trend. the Secular Bull is over. it's .unreal how CNBC keeps parading these perma bull experts on to speak with the folks. Market is damaged and guilty til proven innocent. get out. don't let 6.5 years of Bull gains evaporate before your eyes. and if you just got in during the past 12-18 months as the distribution was occurring, simply cut your losses because the world stock markets including the USA are in a stage 4 decline.

    Sentiment: Strong Sell

  • Reply to

    More Death Crosses on Major Indexes

    by ibdman15 Aug 31, 2015 5:30 PM
    ibdman15 ibdman15 Sep 1, 2015 7:12 AM Flag

    and Piper Jaffery dude is going to have egg on his face with his 2135 SPX year end target. what an idiot!

    Sentiment: Strong Sell

  • on average since WW2 down 0.6%. Is that all you can share with the world?

    show us the top 20 down Septembers and Octobers pump crew.

    what if the SPX multiple contracts from 20 to 10? as the sales and earnings continue a massive deceleration. isn't it likely that the S & P 500 would drop to 900-1000 range?

    Sentiment: Strong Sell

  • Mid Cap 400 today
    Small Caps R2K and SPX 600 tomorrow
    NDQ 100/Q's Next Monday
    NYSE was back early August
    It ain't over, Bear Markets are lower highs and lower lows and last 9-12 months on average.

    97.2% of the time per Bespoke, if the Mid and small cap death cross occur after the NYSE Comp and Dow Death cross, the market declines on average 35% from the small and mid cap death cross. overall mkt will be down 50%!.

    etc.......

    Sentiment: Strong Sell

  • R2K is broken..... SPY and XLF broken too. Note the huge volume on the declining days and the deceleration in volume on the up days on the IWM. dead cat bounce, market in correction raise cash.

    Sentiment: Strong Sell

  • Remember, the Bear will last 9 months to a year at least and US stock market indexes will decline 40-60%. don't be complacent. Deflation and zero rates are an interesting combo. Note the greatly decelerating volume on today's up day.

    Sentiment: Strong Sell

  • Reply to

    NYSE Comp imminent DEATH Cross

    by ibdman15 Jul 28, 2015 10:35 PM
    ibdman15 ibdman15 Aug 27, 2015 12:08 AM Flag

    Yes I called the Death Cross on the NYSE Comp on 7-28-15 well before it occurred.

    Sentiment: Strong Sell

  • Reply to

    spy 250 within 6 months

    by caseus_865656 Aug 26, 2015 11:04 PM
    ibdman15 ibdman15 Aug 27, 2015 12:03 AM Flag

    100 before 250 numb-nut! Stage 4 Decline and primary downtrend, guilty until proven innocent. Lower highs and lower lows below declining 5, 10, 20, 50, 150 and 200 DMA's.

    Sentiment: Strong Sell

  • Blankfein and Diamon are dumping on the rips. They are both net short in a big way
    Watch that NYSE COMP below death cross, 50 and 200 dma's. next support 8 k. currently 10 k.
    today was simply a dead cat bounce in a primary downtrend or stage 4 DECLINE that just began last week. Stage 3 Distribution was taking place for a year or so. the decline of lower highs andlower lows will last 6-9 months.

    It's over. a new BEAR had begun. Not good having a +3% day because Thursday and Friday could be minus 7%! or even down 10% with more crash on Monday 8-31. and so it goes......

    Sentiment: Strong Sell

  • to match Fall 2011 Lows, these indexes must drop from today's close to these levels:

    NYSE 30%
    IBD Mutual Fund Index 40%
    Russell 2 k small caps 45%

    once again worth repeating, the NYSE Composite Index is far more important than the S &P 500 or Dow points and I still can't fathom why CNBC talking in points rather than percentages - total Buffoons! The Comp had it's Death cross in early August, Russell's cross will be soon and MF index thereafter.

    This market is severely damaged and in a significant correction/downtrend. all rallies should be sold if you are not 100% in cash or short. Guilty til proven innocent! we are in a Stage 4 decline. Bottom could be May 2016 if we are lucky

    Sentiment: Strong Sell

  • ibdman15 by ibdman15 Aug 24, 2015 3:47 PM Flag

    Is it going to be today's ceiling? Volume way up from Op X of Friday.

    Sentiment: Strong Sell

  • Reply to

    The Dow's Death Cross

    by bluehorseshoe_luvs_u Aug 12, 2015 4:47 AM
    ibdman15 ibdman15 Aug 24, 2015 3:43 PM Flag

    actually I called the NYSE Comp death cross long before it even happened.

    Sentiment: Strong Sell

  • and CNBC didn't tell us yet.

    Sentiment: Strong Sell

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