So all the s $ p has to do is close above 2093 for a few consecutive days and just like magic the markets will continue there run to new highs on a daily basis, katie stockton is predicting 2250, that's a little over a 7% RISK FREE return....RISK FREEEEEEE RETURN, where else are you going to make 7% in less than a month or two, this is like 1999 all over again, and it's like 2008....keep those risk free gains coming..... next week s $ p will close above 2150 with no questions asked.... futures will be juiced higher come monday, Monday markets are closed so they will juice them up even more. ...easy gains on Tuesday morning. THE TELL Why chart watchers are worried about U.S. stocks By Victor Reklaitis Published: Feb 13, 2015 12:03 p.m. ET SHARES 212 31 Some aren’t 100% ready to celebrate quite yet Bloomberg NEW YORK (MarketWatch) — The S&P 500 jumped to an all-time intraday high on Friday, and the U.S. stock benchmark might manage a record close. While some chart watchers are celebrating, others are skeptical. The S&P SPX, +0.41% SPY, +0.09% needs to score “consecutive daily closes above 2093.55 (the December high)” in order to “confirm a breakout,” writes Katie Stockton, BTIG’s chief technical strategist, in a note Friday. In other words, the index must finish more than once above its previous intraday record, which was achieved on Dec. 29, before Stockton will become more bullish. “We are not ones to fight breakouts, and will defer to the positive short-term momentum behind the market if they are confirmed in the days ahead,” she adds. If the S&P 500 keeps climbing, she is projecting a measured move up to 2,250. Technician Tom McClellan is also sounding cautious, saying he turned neutral for the short term at Thursday’s close. He said in a note that he thinks U.S. stocks are putting in “a minor top,” and they’re now due for two weeks of choppiness, followed by an upturn starting at the end of February, as MarketWatch’s Tomi Kilgore notes. McClellan, who called the January bottom for stocks, said he doesn’t see the classic signs of a “major top,” citing factors like sentiment readings. Sounding more upbeat, S&P Capital IQ’s Sam Stovall opines that a climb beyond 2,093 would be a “strong bullish signal.” That would be “a major positive for stocks, suggesting a significant leg higher [is] underway,” the equity strategist wrote in a note earlier this week. As of Thursday’s close, the new year hasn’t delivered any record closes by the S&P 500. The index had set at least one closing high each month for 18 months in a row, from July 2013 through December 2014, but January 2015 “dropped the ball,” said Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, in emailed comments Friday. The S&P 500’s last record close happened Dec. 29, when it finished at 2,090.57.
I love 100% up room to go with ZERO RISK for years and years and years $$$$ sorry permabears... you lose yet AGAIN KaChingo $$$
Any Perma-bulls deserve to lose, lol! As has been stated a number of times, in the long run we HAVE to go up. It's what the markets are designed to do. I was saying this to people when the ES was at 1000 who laughed at me, i'm saying it now at 2080 (whilst those previously laughing bears have all blown up), and i'll be saying it when the Dow Jones is at 30,000 (which is will be at some point with 100% certainty!)
The Nikkei is still looking for 30,000 20+ YEARS later... Saw almost 40,000 in 1989 and has never gotten back to those levels....sure Dow 30,000 will come but so can 14,896 after that as well. When markets are in this state of euphoria everyone believes stocks have zero downside that stocks only go up. I remember this back in 2006,2007 leading into the top. I remember every analyst on cnbc saying buy, everyone had these large price targets, nobody predicted the collapse. Same thing now, every central bank.around the world is juicing up the markets with QE and I have no clue why no one understands this. How long this goes on for is anyone's guess but its not going to end well because it never does. This time is not different and you will only notice that well after the fact the market falls to multi year lows. Im sure Dow 20,000 will be here by summer of 2015 but just as quick as Dow 20,000 can come 14896 can get here just as quick....without the fed holding things up and zero interest rates this market would still be 50%+ lower. Thank the fed for these massive gains and almost 6 year old bull market...
Thread eerily silent with regard to eqtfaker when the market does correct periodically. Wonder why this is? Thank you for your time.
Check out these cool charts.... Wonder why none of these charts are shown on cnbc or bloomberg http://www.zerohedge.com/news/2015-02-14/its-mad-mad-mad-investing-world