The market is at a tipping point and year 2014 will go down in history as a turning point for US equities
"Buy & Hold" worked cuz of the real EPIC bull run from the 60's to 2000 (With minor setup backs in between) but you can't say the same since 2000. Of course! some stocks have performed better, but a lot of investors got wiped out in the 2 bears since. The third one will wipe out the rest if they don't protect or hedge themselves.
$37 is a critical level... (5 EMA and the bottom of channel since the earnings gap up) If it breaks then the downside move should be fast. If I were s long I would set my stop around that area...
Didn't you know? The phones have BIGGER screens!!! AAPL phones are now the size that SAMSUNG had for the last 2-3 years...LOL
Welcome to WS BS cycle... Luv it, H@te it, Luv it again, H@te it again...
We're in the 3rd phase (Luv it again)
Closed at the LOD... Running out of steam? Tomorrow should be interesting tell... A close below 5 EMA would make way to testing 20 DMA
Well... It has been a painful trade. I added more this morning to my put position. I think the market is at a tipping point and I'm still in the below 1900 first camp.
The question of X selling off is NOT IF, but WHEN... It is extremely over-bought on the Daily/Weekly. It needs to either price correct or time correct and I'm betting on the former.
If it goes to $40 then it would be a breakout... My bet is $31-$33 before a significant move higher. it is over-bought, but will it price correct or time correct? Looking at the broader market weakness, my $$$$ is on price correction.
The puts are lower today as volatility in X has subsided... A close below 35.44 would confirm the sell signal or a close above 35.89 would kick in the stop loss.
I really feel bad for all the longs that were hoping for a recovery in PPS. I've posted several time that NIHD was like a binary option and never an investment. It was a great trading vehicle, but nothing more. Once, the dust settles there might be a technical bounce. You can double you $$$, but not for the faint of heart... Just like an option, you can lose it all.
I'm not betting on X cratering, but stocks don't up in a straight-line either. It is due for a 5-10% pull back after a monstrous run. Technically, it is at the slightly above the channel and bumping up against multi-year downtrend. Also, volume has been going down with PPS increase in the last few trading days.
This is way overdone on the upside... Bumping up against the 5 year downtrend and will fail on the first try esp. after a 40% run already and way over- bought.
I'm long Oct-32 puts in a big way and targeting at least 50%-100% gains on them.
"they suck the last dollar from the 99% to redistribute to the 1%."
That pretty much summarizes the goal behind all the money printing. Every system, law, policy and action is carefully drafted and executed to achieve the above. They might win the battle, but ultimately lose the war. This country is still driven by middle-class spending and once that plummets (Already underway after 2 market crashes) then this once great nation will go under depression for years to come...
Gee... How bad could the winter be in Q1 that the GDP went from 2%+ estimates to -3%?? Go and check the impact of all natural disasters on GDP in non-recession periods. You'll not a find a single -ve reading.
Nice summary of the ponzi scheme that has been in the works for years to move whatever is left with the 99% to the 1%. 70% of the GDP is consumer spending and they are scratching their head why it ain't working?
Market is def. pricing in a 3.0 print at the minimum. I think it will be mid to higher 1's (1.5-1.8)
It might be revised lower in future updates. We have just remember the so called economists did not see a -2.9% print even after the initial 0.1% number for Q1.
I was off on the month (I was considering the general weakness in June, but obviously the euphoria lasted more than normal)... but July is setting up very nicely for that to happen..
Tomorrow's GDP (A really bad one) might actually shock the BULLS and bring back the BEAR from extinction. If the 50 DMA is broken tomorrow then free fall to the 200 DMA will happen very rapidly. Micro cap, Small cap and several other indicators have been screaming SELL for a while now.
A close below 1925 on July-31st would complete the downside reversal month.