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SPDR S&P 500 Message Board

ibdman15 399 posts  |  Last Activity: 8 minutes ago Member since: Mar 10, 1999
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  • ibdman15 ibdman15 8 minutes ago Flag

    AXP that is

    Sentiment: Hold

  • Yesterday's low will be taken out tomorrow after google asp and IBM lower guidance after the close. The institutions know this and ain't buying this dead cat bounce. Keeping their powder dry. Market in correction raise cash.

    Sentiment: Strong Sell

  • It's a bubble folks. never before has the multiple been this high...... and no dividend on the R2K. so idiots are willing to pay $102 for every $1 of earnings. what a joke. hedge funds will go under that are in the IWM on Leverage. This pig will drop into the 30's again. Also Margin debt at all time record highs.

    Today we get the huge downside reversal and crash tomorrow for the Easter weekend. Then watch out next week, the sell in May begins.

    Sentiment: Strong Sell

  • IBD Big Pic says, focus on paragraph 4 and 5 - "Stocks jumped out of the gate during the first half hour of trading but turned lower after the NAHB Housing Market Index came in at 47, below the consensus estimate of 49, and the third straight reading below 50. A number above 50 means more builders view conditions as good rather than poor.

    Homebuilders, on the verge of upside breakouts not that long ago, continue to struggle. IBD's Building-Residential/Commercial industry group has lost 9% since its March high. March housing start and building permit data are due Wednesday at 8:30 a.m. ET.

    Meanwhile, the market was mostly unfazed by weak reading from the New York Fed's Empire State Manufacturing Survey. It came in at 1.29, well below the estimate of 7.5 and also below March's reading of 5.61.

    Tuesday's resilient showing by the stock indexes was encouraging, but it's only the first day of a rally attempt. That means the market needs to prove itself more.

    Leading growth stocks have been taken apart in recent weeks, and chart damage caused by institutional selling will take time to repair.

    Many high-quality names in the IBD 50 are building the left side of bases but it remains to be seen which ones will successfully build the right sides."

    Sentiment: Strong Sell

  • ibdman15 ibdman15 21 hours ago Flag

    Market is still in Correction. MSM headlines will claim biggest upside reversal in two years. But what about the downside reversal this morning? This market is acting like Sept 2008. Go back and look at the daily Intraday swings in Sept 2008. The Bulls did win today but April 15 th is over and the new money is done coming in. major downdraft could be on tap for Wednesday and Thursday. Market closed Friday for Good Friday....Praise the Lord! Stock market closed for an important Christian Holiday.

    Sentiment: Strong Sell

  • only up 0.90% and 6.0% now after up 3% and 10% earlier AH's. reality has set in. folks that bought in AH's sitting on huge losses.

    Sentiment: Strong Sell

  • Folks, today was simply "Day 1" of an attempted rally after the NDQ undercut its most recent low. It did bounce off the 200 dma. However, these wild swings are indicative of a less than healthy market. Rewind to Sept 2008 when Lehman failed. Recall the Russell 2000 actually hit a new all time high after Lehman failed only to drop 60% over the next 5 months with much of that drop occurring in October 2008. Therefore, it is prudent to wait for a strong FTD in 4-7 days. Remain in cash because the market could just as easily roll over and close firmly below a declining 200 dma for many weeks and months in a primary downtrend.

    Sentiment: Strong Sell

  • note Volume on both NYSE and NDQ is well above yesterday's volume. More Institutional selling turning to panic into the close the LLD day may occur tomorrow morning. SELL! Cramer is even getting out now.

    Sentiment: Strong Sell

  • ibdman15 ibdman15 Apr 15, 2014 10:55 AM Flag

    sell it all!!! get out now.

    Sentiment: Strong Sell

  • BEAR market has begun! SELL another downside reversal on Volume. Institutional selling. Don't buy this dip it's going to keep dipping!

    Sentiment: Strong Sell

  • ibdman15 ibdman15 Apr 15, 2014 10:52 AM Flag

    Interesting action as predicted. GET OUT! To Heck with Janet Yellen. she can't keep the market from correcting! 40% on SPX and 60% on small and mid caps SELL SELL SELL!!!!

  • NDQ 4000 closed there last very days
    IBD MF Index 980 closed at that laast couple of days
    S & P 600 620 closed at 646
    IWM R2K ETF 107.3 closed around $110
    S & P 500 1737 closed at 1830 so still some room

    However the Naddy, small caps and broad market as represented by the IBD MF index at very critical levels now and about to print lower lows for the first time in a year. be very cautious. big downside reversal likely today after a moderate open. Look for the infamous Lock limit Down Day Wednesday or Thursday. Big selloff before the long Easter Weekend. God Bless

    Sentiment: Strong Sell

  • from Priceline, Google, FB, Netflix, MSFT, Twitter, small and mid caps, etc....classic signs of flight to quality so a Bear market looming. 9-18 month downtrend has bugun. do not buy this dip! It's just beginning.

    Sentiment: Strong Sell

  • Reply to

    Market in Correction Raise Cash - Turn off CNBC

    by ibdman15 Apr 15, 2014 7:18 AM
    ibdman15 ibdman15 Apr 15, 2014 7:20 AM Flag

    "went up one day" that is... E E E and IBD MF index underperforming so unlike what they say, stock picking is out if the best MF's out there are underperforming the Dow and SPX.

    Sentiment: Strong Sell

  • Those pumpers like Paulson are talking like the correction is over because it went. The correction is just starting. big pop yesterday on greatly declining volume. Bears decline on high volume and advance on low volume. Remember Bearish newsletter writers still mired at 18.6% last week although probably increased a tad this week. Needs to be in mid 40's before a significant market bottom. ideally the bulls and bears cross before a bottom. that will be at SPX down 40% or so. It will take until next march for the current downtrend to end. Market in Correction raise cash. don't let those MSFM turkeys convince you to stay in the market after a five year near record advance. the average bull ends after five years. Could have a lock limit down day this week before the open. Something big is about to happen that is....... well "Unexpected."

    Sentiment: Strong Sell

  • ibdman15 ibdman15 Apr 13, 2014 9:21 PM Flag

    add at spx 1000. even if you add at 1500 that would be quite the loss when it hits 1000. the market may drop to 1,000 by end of 2014 Wonder what that would do the mid and high end consumer spending? the low end and poor will still spend the same since stock market means nothing to them.

    Sentiment: Strong Sell

  • and David Kostin is incorrect in his analysis. Who at GS called the 2000 tech wreck and 2007 top? Answer - no one at GS.
    mascot dressed as a character from the mobile game "Candy Crush Saga" walks the floor of the New York Stock Exchange during the IPO of Mobile game maker King Digital Entertainment Plc March 26, 2014.

    David Kostin, chief U.S. equity strategist at Goldman Sachs, says the comparison between the recent stock market sell-off and that in March 2000, when the tech bubble burst, "dominated client discussions" last week.

    " The current sell-off in high-growth and high-valuation stocks, with a concentration in technology subsectors, has some similarities to the popping of the tech bubble in 2000," he writes in a note.

    "Veteran investors will recall the S&P 500 and the tech-heavy Nasdaq peaked in March 2000. The indices eventually fell by 50% and 75%, respectively. It took the S&P 500 seven years to recover and establish a new high, but the Nasdaq still remains 25% below its all-time peak reached 14 years ago."

    However, according to Kostin, there are six ways in which the two episodes differ:

    Sentiment: Strong Sell

  • Reply to

    IBD says things are quite serious.

    by ibdman15 Apr 13, 2014 3:47 PM
    ibdman15 ibdman15 Apr 13, 2014 7:17 PM Flag

    remember don't be a hero and buy this dip cause it could keep dipping for 12-18 months if a new Bear Market and Recession.

    Sentiment: Strong Sell

  • Reply to

    5% DOWN AT THE OPEN.

    by s240zracer Apr 13, 2014 2:02 PM
    ibdman15 ibdman15 Apr 13, 2014 4:04 PM Flag

    you're probably correct.

    Sentiment: Strong Sell

  • Reply to

    IBD says things are quite serious.

    by ibdman15 Apr 13, 2014 3:47 PM
    ibdman15 ibdman15 Apr 13, 2014 4:03 PM Flag

    and the IBD MF index of the best fund managers that exist is down 4.92% YTD. and down 8.8% off it's March 1st High! NDQ down 4.2% YTD and 8.5% off its March high. SPX only off 4.2% from 52 week/all time high so rotation going into the safety of the SPX. Not good. 75% of stocks crash when the Market Crashes even the S & P 500 AND DOW STOCKS get slaughtered. get out now! Forward PE R2k is over 75 times. Right David Kostin? let the folks know that!

    Sentiment: Strong Sell

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