We've got heavy resistance at the end of the last Santa Claus rally. And I am in the Garage, which virtually guarantees a run-up. I say we've got another 50 some-odd points and it goes to 922 before it turns around on May 7.
Lady
I'm going to make an irresponsible prediction that the top of this rally will be this week, if not today. 882 was today's high. 876 right now.
Have at it.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
We've got heavy resistance at the end of the last Santa Claus rally. And I am in the Garage, which virtually guarantees a run-up. I say we've got another 50 some-odd points and it goes to 922 before it turns around on May 7.
Lady
As of right now, my indicators are telling me to go short. That could change because I won't know for sure till about 12:30pm but you could be right Tom. If not today, I'd say tomorrow for sure.
Wow, May 7th. Lady, you been following the moonbeams?
We're heading higher. I say at least 1000 in the S&P 500. Pullbacks will be enough to keep people chasing.
If you're looking for something to sell short, take a look at the Kansas City Royals.
LOL! Not only no, but ... um-m-m no. (Yeah, I know that's not the way that phrase is supposed to end, but I'm trying to be good.)
I do WAY to much reading for my own good and it was a date that stuck in my mind from this article:
Key Reversal Day
by Jay DeVincentis
http://safehaven.com/article-13213.htm
Have a good one, my friend!
Lady
No top anytime soon. Perhaps an SPX of 1100 and a VIX of 30 sometime the end of July - then we get a mild correction to create a whipsaw. My silly SPX target is still 1700 by the end of the year.
Ok...sorry...Stupid question here....when your indicators are telling you to go short, what does that mean in terms of TSP funds...
Just trying to be a good steward of what God has blessed me with.
Short = TSP stock funds go down.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
cool...thanks
Just trying to be a good steward of what God has blessed me with.
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