Markets up over 150% and still looking for further gains. This is the longest bull market in history where it stops nobody knows.... There has been no correction in years and a 20% correction hasn't existed in over 5 years.... There seems to be no such thing as an overbought market... Should be 18000 by December 1st 19000 by January 1st and over 20000 by March. Dow could easily do 1000 point monthly gains once it gets over 20000...could be looking at 25000-30000 by end of 2015.... Free money has no limits.
Ok, Dow futures closed the cash session at 17,420, closed at the highs, I figure the usual 50 point rally overnight. Im sitting on 100 Dec YM contracts, average price 17,387. Sell order at 17,450. Yes I know, im the best trader on ET. The overnight rally will guarantee me a fill. I have nothing to worry about, why because this is a risk free market, watch and learn.
Found this on marketwatch http://www.marketwatch.com/story/this-stock-market-rally-is-for-suckers-2014-11-05?siteid=yhoof2 Opinion: This stock market rally is for suckers By Michael SincerePublished: Nov 5, 2014 8:05 a.m. ETSHARES 82 94 Mr. Market fools most of the people most of the time ShutterstockAfter last week’s remarkable U.S. stock market rally, a lot of investors are cheering. After all, the Dow made an all-time high, won back the lost 1,000 points, and ignored the 8% pullback.I hate to be a party-pooper, but this is not a time to celebrate, but rather to be cautious. margin-top: 0px; ma 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: inborderWhat could go wrong? Let’s begin by analyzing last week’s hollow Halloween rally: 1. On Friday, Oct. 31, five stocks were primarily responsible for Dow’s advance. The previous day, Visa V, +2.70% had accounted for around 123 points of the 221-point rally. Take away Visa and the rally was a lot less impressive. .2. Friday’s surge was prompted by the Bank of Japan, which promised more stimuli (I’m guessing they are on QE 35, but who’s counting?) Since March 2000, the Nikkei 225 has tumbled from 20,000 to 16,000, so maybe more stimuli from the BOJ is needed (just kidding). 3. On Friday, there were no plus-1000 ticks on the NYSE Tick, which tells you that the rally was another head-fake without institutional involvement. Typically, you will see at least four or five plus-1000 ticks on bullish days. 4. In addition, volume was low, especially for the last day of the month. 5. Moreover, the S&P 500 SPX, +0.57% that day did not rise above its overnight high, which is generally a sign of domestic weakness. During the day, it did not take out the previous all-time high. If this were a true bull market, breadth, volume, and institutional presence would have been a lot stronger. 6. Only five out of 20 stocks led the transports. If this were a broad-based rally, more of the transports would have participated.
Not likely, but that's a really dumb question. A better question is why are your posts this year almost identical to the ones you posted in 2009-2011 ? Why was your judgement so bad those years and why on earth would anyone care what you say given that track record of failure ?
That's a serious question ...I mean with the fed backing up the market and trillions being pumped into the economy on any threat of a slowdown why can't it jump another 100-200% in the next 5 years... My judgment is great...you know that if they weren't backing up the market it would be 50%+ lower....one day you will see the crisis unfold, but right now with the prop job going on everything is rainbows and sunny blue skies.....
No money printing from ECB.... Yet... If they announced that this morning the Dow would be above 18,000 by Friday ... More money printing the higher we go...