A stock market top right here?

Today's action makes me pretty sure that s&p 1260 is going to come to fruition in the next few days.

 

i need more convincing -

i took today as a hangover from last week. sans Iran escalating nuke issues, earnings season will give the market direction.

 

5 handle on the 10 yr, ripping commodites, trade inbalance, $, these aren't issues? Answer = they aren't until they are and the mkt will tell us

 

Why so confident....? What would change your mind?

 

I am confident. And there was no mind change. Been consistent throughout.

 

I didn't say you changed your mind...I just asked what would make you change your mind. Aren't great traders meant to be FLEXIBLE?

I'm just trying to understand your thought process - source of conviction and what would eliminate the conviction?

 

lower prices maybe?

 

Yes. Well said Mr. Grimes.

 

bottom!!

 

I don't believe it is well founded to try and interpret daily news. Market technicals will generally tell you what the market is feeling. Stay clear of news items, or lack thereof, on a daily basis.