Fundamentals are always rosy at the top. Don't forget that the market is a leading indicator of the economy. This will never change.
This doesnt make sense, if you are a GOOD trader with a track record, put up money where you can get leverage and trade your own account. You dont need to look for "trade jobs", you dont need a boss, you dont need to wear a suit and tie. You are your own boss and you make a living on your own. You are assuming that the only way to trade is for a hedge or mutal fund.
I remember during the bear market 2001-2003, she kept her 1600 SP forecast duriing this period. Then she just stopped appearing on air.
He is just speaking in technical terms " technical analisys" personally, I just use moving averages. All that gann,fibonacci,pivot, blah blah.
Bottom line is the trend is still up, the dow is not even close to its 10 day MA, SP NAZ are sitting on their 20 day MA after todays fall. So lets see what tomorrow brings, I hope we correct down to the 50 day moving average, that would be a good entry point, maybe.
How nice today was for traders. How nice it is to be a trader! To be flat at the end of the day and sleep well.
Sounds like a fairly pedestrian analysis. If it really is this simple, the next leg will be where Jonny Mainstreet becomes an analyst.