%% All that + 200+ year$ of upTrends. And trash like GE downtrended from $60 area to $6.66; + now its up ticking a little bit.Good thing for the bulls ;most any co is run better than GE. LOL [IBD founder, many years ago, didnt like GE long/or as an uptrend buy. Why?? To slow a grow, + he made a fortune on data, stock picking/funds and better newspaper than WSJ,+ NYSE seat..........................................................................................................I would not care if a daytrader made money on GE longs i think one did LOL-LOL
Technically, I don't think it was a bad call price action wise. A lot of confluence where that bounced off. Statistically speaking, we had 9 weeks straight up. Not sure if it will be another up bar on the weeklies. Not that it's a good idea to stack up on those shorts or puts but just visually it seemed okay. I just think it will be more choppy than mind blowing trend down.
%% Partly true;not todays close ,or not near that a from weekly close to weekly close, SPY. I record open price, but just because WSJ calls a gap down LOL + close up week-no way does one monday open price make the whole weeks data UP .[Yes i know WSJ colored that down SPY week close to close week, green LOL] Mine is red/down Week of SPY closed down ;weekly close to close last week Jan, 2019; but it makes for fun drama on the news/newspaper., saying SPY up 9 strait weeks up.LOL Need to Learn;did you hear the CBS national TV news say DOW had worst month by points since was it 1929 0r 1933, DEC 2018?? Grain of truth in that, but by % plenty of weeks/month more monthly bear ish trends than DOW, DEC 2018. But good way to get in more longs or panic sell/scare them LOL on DOW sell off.
LOL no wonder I don't watch TV. It's like their job requirement to make everything sound like a "drama"
%% One Morgan Stanley man had a more cynical take on it = ''designed to scare you'' [Commissions churner/ helper LOL]
I think we are going to bounce back from this 2786 SPX level and make a second top before further down... Of course 4 events are going on today, one of them could swing the market either way.