In my view today was orchestrated by NVDA and their press conference. I do not think we are done with the sell off. Watch Yen strength. There is something brewing not quite the carry trade but I feel some bad bank mojo-- some trades are going to blow up quite possibly on SEPT 20. Although the Japan situation has nothing to to do with SEPT 20. That is different but I think if you are looking to go long again in tech after the 20Th would be the time to start looking. I think we should probably sell ARM tomorrow.
GBA Trade: ARM $117-----------> $140 Holding Time- 1 Week. I got that chip in the Apple News just a little before everyone else didn't I.
Van has been nailing the Market calls, you best get his autograph before he starts charging! Your WOOF trade was perfect!
Ted lets be honest with folks. Van doubted my call down and said fade my trade and said we would be hugely up and we dived. Then I called the bottom in a counter trend rally nailed 18 winners in short time and got you out before another leg down. Then Van had a line in the sand and we went 200 below that... now he is " nailing " market calls- ?? don't mislead people.
5,406 was S&P low today. In free fall on Sept 4--> I don't flip flop. I gave you 5,342 pretty darn close! Here are your levels: Ok that 5,170 number really is 5,200 but I wanted wiggle room. If we get as far down as 5,200 we are in deep trouble anyway.. Sometimes a market will undercut a low and then reverse so I gave myself 30 points leeway. Ok my best guess is: I'm doing this Sept 4- we stop at 5,342./ ALWAYS ON ALWAYS RIGHT GBA #2720 Friday at 6:09 PM Report Reply Share Most likely we go back down to this 5,342 level and as long as we can hold that 5,170 on SEPT 20 we're going to be alright as I have been saying constantly. Soon. Not now.
No 1 Market Timing. No 1 stock selection. No 1 market analysis. No 1 technical analysis. The Option King. The Lizard King. Yours Truly.