In hindsight the market showed it's hand after the last FED meeting, though the game is so rigged you possibly can not trade on something like that.
I know, aside from that Im telling you in the next few days if this keeps up the fed is going to come out with another magic trick, however the magic tricks wont work this time, this time you will be able to see the sleight of hand and anything they push through will only cause more fear and lead to even a more massive collapse.
Apple broke 100, ouch, where are all those $140 price targets now? Trillion dollar market cap? Added to the dow 30, yep, just signs that apple was headed down.... anyway I think iphone sales are going to fall extremely hard, $13 Billion in revenue came from china last quarter, its best on record, so with the china markets collapsing where there are nearly 300,000,000 people invested, just as many as the entire US population, I really don't think apple is going to continue and sell shiny new phones for really high high prices as the shanghai is falling falling falling...apple numbers are going to come down just as quick as they went up, that could easily put another 20% price drop on that stock moving forward.
As bearish as I am, which is very bearish even I sense a massive bounce in the next days ahead, I wouldn't be adding shorts after a nearly 200 point drop in the s$p.... I took off short positions Thursday and Friday and will let go a couple of more today, yes I did leave a ton of money $$$$$$$$ on the table by selling SPXS on Thursday missing over 150 point drop on the s$p in just 2 days and sold my DUG on Friday right before oil broke 40, and sold my TZA last week at $12 right before todays nasdaq plunge todays open looks like $13+ on TZA, so yes I was prepared but even my timing was off a bit thinking a bounce would happen as early as Friday afternoon, so even this drop has caught me off guard where I would have had massive gains in all the short 3x etfs I was holding....Im getting ready to add longs, yes Im going long but it will only be for 1-3 days as I will wait patiently for the massive rise, after that Im selling and will wait for any future rallies to add short positions because I know in the long term this market is headed a lot lower.... Amid carnage, strategists predict bounce; 'go all in’ After an earthshaking selloff Thursday and Friday, and despite early indications of another brutal day Monday, several market strategists are already calling for a bounce—and looking out for potential opportunities amid the wreckage. Read MoreDow futures skid over 450 points as Wall Street preps for steep selloff "Key indicators reach required levels to go 'all in,'" Canaccord Genuity's chief U.S. strategist, Tony Dwyer, wrote in a Monday morning note. "With such pronounced weakness underneath the widely followed indices, we believe much of the global economic and Fed-related uncertainty is largely priced into the average stock, and now even the closely watched indices." Dwyer had been waiting for four indicators to signal that it was time to take an aggressively bullish position on stocks: A jump in the CBOE Volatility Index to 20 or higher; a falling percentage of S&P 500 stocks above their short-term moving averages; weakening market momentum according to a separate technical indicator; and a declining number of bulls according to the Investor Intelligence newsletter writer survey. "All four of our intermediate-term buy signals have hit required levels that surround a significant and sustainable low," Dwyer wrote. Read MoreFive charts that prove this selloff is serious For RBC's chief U.S. market strategist, Jonathan Golub, the lack of a clear catalyst for a swift selloff is a bullish tell. "What has been most interesting about last week's 6 percent market decline is the absence of a visible catalyst. 2Q corporate results have broadly surprised to the upside and signs of global financial distress remain well-contained," Golub wrote in an early Monday note. "History shows that buying stocks following a spike in volatility in the absence of a well-defined catalyst is a winning strategy." Meanwhile, Oppenheimer's chief market strategist, John Stoltzfus, attempts to situate the sudden selling into a broader context. "Ironically but not atypically, it is little or no surprise that for all the marketplace chatter a little while ago about the need to see a pullback to get valuations in line, stocks more attractively priced and an entry point more clearly defined, now that stocks may well be 'on sale,' concerns about just how much more stocks could fall from here appear to be gripping more than a handful of investors and keeping not just a few from searching for babies that got thrown out with the bathwater," Stoltzfus wrote Monday. Running a screener based on dividend yield, analyst price target versus current share price and the percentage drop since the end of April, Stolzfus recommends investors look to names including Coach, Best Buy and Microsoft.
WOW, hahahah a prediction from 2350 to 2135 on the s$P, only means one thing, s$p is going to collapse now..... One of Wall St's biggest bulls throws in the towel Jeff Cox | @JeffCoxCNBCcom 11 Mins AgoCNBC.com For years, Piper Jaffray has been one of the biggest bulls on Wall Street, and with good reason. This week, though, amid market carnage not seen since the financial crisis, the firm has decided it's seen enough. Piper finally slashed its uber-optimistic market call for 2015, cutting its S&P 500 price target from what now seems an unreachable 2,350 all the way down to 2,135. "We no longer believe the odds are in our favor for the S&P 500 to reach our prior target of 2,350 by year-end, since history shows that recoveries from pullbacks/corrections have generally taken about two to four months to materialize," the firm said in a note.