3/1/11 is going to be a positive day for equities!!!!

Discussion in 'Trading' started by S2007S, Feb 28, 2011.

  1. S2007S


    These statistics show that tomorrow is almost given to be an up day, so if you have any money play SPY, DIA, QQQQ, SMH, IWM you name it just buy it, tomorrow is an up day!!!!! Besides that the markets have closed up 3 months in a row now, the streak has been unstoppable!!!!

    Will First Day of Trading Again Be Lucky for Markets?
    Published: Monday, 28 Feb 2011 | 3:11 PM ET
    Text Size
    By: Jeff Cox
    CNBC.com Staff Writer

    Turning the page on the calendar has become a favorite exercise for the stock market over the past year or so.

    So with February fading into March, traders likely should brace themselves for a happy Tuesday, delivered straight from the accommodating folks on Wall Street.

    The first day of the month has been by far the market's best since the recovery off the March 2009 lows. In 2010, the first trading sessions brought 123 of the 134 points the Standard & Poor's 500.

    In 2011, the first trading days of January and February put up 32 of the S&P 500’s 65-point gain thus far. (Interestingly, the more tradable SPDR S&P 500 ETF did little in either session, though the broad index rallied).

    Whether the trend holds up Tuesday is dependent on a number of factors, but market behavior would indicate that it should be a good day.

    The market, after all, rallies on good news and bad news alike these days. Traders likely will be in a better mood as the Federal Reserve buys up to $19 billion in Treasurys this week and provides still more artificial goosing for the equity markets.

    Also, March is usually a pretty good month overall for the markets, ranking fourth best since 1945. The average gain for the S&P 500 is 1.2 percent, and the month has been positive 65 percent of the time, according to Sam Stovall, chief equity strategist at S&P.

    Though Stovall believes the market could be in for a pullback of 7 percent to 11 percent or more off its seemingly unstoppable rally, he thinks the general direction is higher.

    “There is a good possibility that the digestion of the market’s more than 30% advance since the July 2010 correction low is now upon us,” he said in a research note.Monday. “However, even though the factors triggering this decline (higher oil prices resulting from the uncertain outcome of tensions in the Middle East) could indeed derail the still-fragile economic recovery, S&P believes it will likely result in a pullback or mild correction. What’s more, history says (but does not guarantee) that it could run its course toward the end of the month. Only time will tell if history is once again a valuable guide.”
  2. lol. why would anybody take trading advice from you. you have been bearish and wrong for 2 years straight now. if anything when you say go long its time to short.
    besides. did you see the end of day ramp. someone else may have already anticipated that.
  3. S2007S


    *S&P FUT
    __1334.20__ +8.10 __+0.61%
    *DOW FUT
    __12280.00__ +66.00 __+0.54%
    *NAS FUT
    __2367.25__ +16.50 __+0.70%

  4. Oops!
  5. spd


  6. Over a 3rd deviation down move in ES..........GREAT CALL!!!!!! :eek:

    BTW, the INVASION hits on 3-11-11!!! :eek:

    FOR REAL!!!!!!!!!!!!!! :eek:
  7. S2007S


    The futures at 4am this morning were showing a really nice bullish day!!!

    What happened?

    :p :p :p :p :p
  8. schizo


  9. Nonsense! Invasion on 11-11-11!!! Ha ha ha! And on 12-12-12, poles flip, and yellowstone goes BA-BOOM, and the world generally comes to an end. BUUUUUT ..... not before Jesus walks on lava!
    #10     Mar 1, 2011