Thursday, January 22, 2015

Geeze you guys

Getting tired of all the short-term bear counts, the 1-2, 1-2 nonsense, the shoddy "head and shoulders" patterns proposed by people who should know better.

I'll stick with an ending-diagonal into FOMC next week.  This makes the most sense to me.

SPX one ... last ... high ...

9 comments:

Christian Gustafson said...

SPX 50 DMA just captured. Held? Come on, bulls, get 'er done.

Huge props to my friend Matt_bear for major spec profits long NFLX this week. Cheers!

matt_bear said...

Gracias, sir.

Permabear Doomster said...

Congrats CG.... going long a momo stock pre-earnings!
--

As for sp'2100s.... sure... maybe a pull back from there.. but it'll likely be very minor.

Christian Gustafson said...

Not me, Doomie. My friend Matt_bear.

I stared at the NFLX 400 calls the other day and thought the play was NUTS.

I have no interest in particular companies. I care about vol ETFs and index options.

Christian Gustafson said...

2052 SPX was the .618 retrace of the drop from 2093 to 1988.

Keep counting it a "2", dumb bears.

Gotta tag the upper Bollinger. It's waiting up there for us.

Phat Repat said...

Nice CG. Kinda hard to believe we could see 2070 + this week but da bulls be perturbed.

Bicycle said...

I still think this is 4 on a pennant. If we crest 18k then I'll give up and agree it's 4 on the wedge.

Christian Gustafson said...

Exited my weekly SPY 207 calls -- flat. We reached the far side of the channel on this chart, so I don't expect much tomorrow. Sideways.

They promptly bled a nickel after the close. That always feels good.

Bicycle said...

Blue 4 is done, guys. We're headed down for a bit to put in 4 on the wedge.

Now, come tomorrow morning and watch me have a seat on the Chrysler Building as we gap up to new highs!