Gotta love ZERO RISK in the SP500 = $$$

Seeing signs, things change. One must remain flexible. These turning points happen slowly. The investment banks have enormous positions to unwind. Then position for the fall. The news cycles will turn, elections will play a key role as how to explain the fall.

 

If you truly get this right, hats off to you. You were bullish and correct all the way!

 

everyone is hoping for a close above 2093 which would break the head and shoulders pattern, then again its off to the races, where it stops no body knows. Every time there is a little bit of a push down they grab it and push it right back up. No intraday lows yet even though SPY is 34 cents away from $208.98

 

no worries that was just a brief down turn, now its back up and on to fresh highs, no way does the market sell off in front of a holiday weekend nearing historical highs......

 

My goodness, it takes 3 hours to move 30 points. Volume has dried up. this will no doubt be the lightest volume YTD.

 

Did you exit the day trade?

 

Told you they wouldn't sink the markets going into the end of the day, everything once again ended on an up note. Perfect as usual. Now the the s$p will break 2100 on Monday while the nasdaq breaks 5000 by next Friday, this is almost a given with straight gains day in and day out, when I saw the market down around mid day for a whole 8 minutes I was actually really surprised, I knew it wasn't going to last, even on Wednesday when the markets took a little dip mid day I was surprised once again but I knew it was just another 12 minute buying opportunity at hand, now up and away, however Im watching the VIX, anytime the VIX starts to trade this low it starts to get questionable about how much upside is left since we all know overtime the VIX jumps past 20 its time to buy and anytime it drops below 15???? Is it a time to sell, or does the VIX have to drop to new lows before everyone starts to put on protection against any downside in the market?

 

Now since the S$P broke out, everyone is calling for 2125-2150, so its literally straight up from here, its funny a few weeks ago they had some chart technicians on cnbc, they showed that the S$P was trying to break out and every time it tried it failed so they said that the s$p was headed to 200 day moving average and even lower of course if that broke, well fast forward about a 3 weeks later and they got that call completely wrong which tells me how right can the charts being suggesting 2125-2150?

 

Nope still holding it, off 50 cents from where I bought it around $19.50, all it takes is a 1% sell off from todays close to grab some profit, so figure s$p around 1975 and I would sell it. Today I sold JNUG and UWTI, of course I only took small positions in those and those are the ones rocketing higher since I bought them.

 

Here is what happened after the S$P made highs just last month on December 29th

December 29th high of 2093
Jan 6th drop over 100 s$p points 5 TRADING days later to a low of 1992
Jan 9th 3 days later back to 2064 and 3 days after that another drop below 2000.
What Im showing is how quick markets move, just like when markets are selling off everyone thinks the sell off is going to continue, and just as the market is rallying day after day you think well this rally can go to infinity, well it doesn't take much to get fear back into this market and see the VIX spike to get a huge sell off.


Jan 14, 20152,018.402,018.401,988.442,011.274,378,680,0002,011.27
Jan 13, 20152,031.582,056.932,008.252,023.034,107,300,0002,023.03
Jan 12, 20152,046.132,049.302,022.582,028.263,456,460,0002,028.26
Jan 9, 20152,063.452,064.432,038.332,044.813,364,140,0002,044.81
Jan 8, 20152,030.612,064.082,030.612,062.143,934,010,0002,062.14
Jan 7, 20152,005.552,029.612,005.552,025.903,805,480,0002,025.90
Jan 6, 20152,022.152,030.251,992.442,002.614,460,110,0002,002.61
Jan 5, 20152,054.442,054.442,017.342,020.583,799,120,0002,020.58
Jan 2, 20152,058.902,072.362,046.042,058.202,708,700,0002,058.20
Dec 31, 20142,082.112,085.582,057.942,058.902,606,070,0002,058.90
Dec 30, 20142,088.492,088.492,079.532,080.352,440,280,0002,080.35
Dec 29, 20142,087.632,093.552,085.752,090.572,452,360,0002,090.57
Dec 26, 20142,084.302,092.702,084.302,088.771,735,230,0002,088.77
Dec 24, 20142,083.252,087.562,081.862,081.881,416,980,0002,081.88