%% Exactly so far,B1S2 so good. Short term market is bearish; S&P 500/SPY down about 0.33 +/% [10:21 CST] .And 1st day of MAY is usually up, so that's another small bear move. Medium Term+ long term,still nicely up/above 50 200 day moving averages. Took some profits on UP trend mid cap ETF; i wasnt real sure it would keep on Up trend- friend.
soon The S&P 500 will top soon at 3000 then The S&P 500 will top soon at 3500 then The S&P 500 will top soon at 4000
%% LOL @ least you estimated a range.Looks like some short term traders maybe taking profits on SPY, up >>17.777% YTD.
Wow, read that headline, really trying hard to keep this historical rally going and going and going and going!! Stock market at ‘risk of a melt-up, not a meltdown’, warns BlackRock’s Larry Fink By William Watts Published: Apr 19, 2019 11:58 am ET https://www.marketwatch.com/story/b...t-risk-of-a-melt-up-not-a-meltdown-2019-04-16
As if 17% weren't good enough, talk about greed...a few months ago I knew a few people who had lost $20k-$50k+ when the markets sank 20%. They were really upset, but yes they did hold on, I asked them if and when the market comes back and you get back all your losses would you sell, they said yes they would sell and get out of the markets. Fast forward to today with the markets up skyhigh, I asked did you sell and they said nope, hanging on for the ride. Will be interesting to see if the markets head for another huge drop, 98% of people will say it won't just like it wasn't supposed to fall back in November and December and close the year at 3000+, never happened. Now the mentality is straight up and that might cost investors again thinking the same situation that markets can only go one way. Good luck. If you aren't happy with a15%+++ gain 5 months into the year you are a complete fool.
Funny how everyone is bullish now including you. I am the only one actually short. Not just saying bearish headlines.
I'm not bullish.... I'm holding many shorts with only a handful of longs... My XOP puts are doing well today!!