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 ... |
SPX 50 DMA just captured. Held? Come on, bulls, get 'er done.
ReplyDeleteHuge props to my friend Matt_bear for major spec profits long NFLX this week. Cheers!
Gracias, sir.
ReplyDeleteCongrats CG.... going long a momo stock pre-earnings!
ReplyDelete--
As for sp'2100s.... sure... maybe a pull back from there.. but it'll likely be very minor.
Not me, Doomie. My friend Matt_bear.
ReplyDeleteI 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.
2052 SPX was the .618 retrace of the drop from 2093 to 1988.
ReplyDeleteKeep counting it a "2", dumb bears.
Gotta tag the upper Bollinger. It's waiting up there for us.
Nice CG. Kinda hard to believe we could see 2070 + this week but da bulls be perturbed.
ReplyDeleteExited 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.
ReplyDeleteThey promptly bled a nickel after the close. That always feels good.