Ok, I have to ask. How was this an excellent call ? I looked more carefully at the SPY, and when he posted his call it was around 113, and it closed around 113. The return on this trade was miniscule, not even close to the 1% I thought. And during the hold, it was a losing trade until very late in the day.
Equity sell pressure and USD buying returns. Though oversold, S&P500 daily and weekly charts remain bearish.
Weekly jobless numbers in 10 minutes, if back above 400,000 futures are going to slip even further! Last night futures soaring this morning completely down once again, talk about volatility, damn this a dangerous market, retail investors are going to get as far as they can from this market.
Smart retail investors have been buying. The advice you have for them is terrible. Many great valuation plays right now. If you can hold, there is very limited risk right now on many of these stocks.
Keep hearing about 1050 being the magnet on the SPX, this market better hold this rally today because if it doesnt things will not be looking pretty into the weekend. Get ready for even more volatility this afternoon, anyone buying this rally of 300+ points should think twice, I sold my ERX today and went long DXD, I refuse to buy the upside of 300+ points on the dow, do NOT buy the huge rallies, you should only buy the huge sell offs!
*******WARNING************** IF YOU WERE LONG FROM YESTERDAY OR EARLY THIS MORNING YOU BETTER BE OUT BY THE CLOSE. IF NOT YOU WILL MOST LIKELY LOSE YOUR ENTIRE ACCOUNT! TODAY IS THE LAST DAY TO GET OUT OF LONG EQUITY POSITIONS. INVESTORS SHOULD BE OUT OF THE MARKET ALL TOGETHER. THIS IS NOW OFFICIALLY A TRADERS MARKET AND BUY AND HOLD INVESTORS NEED TO GET OUT NOW! TODAY IS YOUR LAST CHANCE! UNLESS YOU ARE SHORTING THIS MARKET YOU ARE DOOMED TO BANKRUPTCY!!!!!!! :eek: