QQQQ ~ -0.5% for the week, SPY +0.1% could this be the sign that the bull is finally out of steam? is it just some weird end-of-year effect? QQQQ +35% since Aug SPY +22%
Bullish. Dollar's been on a consistent downtrend, gold's been marching higher, but stocks have been stuck in a range. I'll be very surprised if we don't explode higher the first two trading days, and that should be enough to make the entire week a plus one. The downer I've been anticipating will have to wait another week, at least.
I have no clue. I guess I'll just have to stick to my "I have not clue about market direction" trading strategy.
street.com poll is bullish. it has been bullish for several weeks now, even extremely bullish i would say. but this market does not pay out to contrarians. if we do jump up in the first few days that could be the last shorts finally capitulating marking an important top. in Jan 2010 the market was rallying right until the beginning of the earning season before taking a dive. Bullish 64.28% 153 votes Bearish 24.36% 58 votes Neutral 11.34% 27 votes
I'll tell you about Monday. There's over a 90% chance that we will rally. Over the last 20 years, every monday that is also the first trading day of a month has rallied, over 90% of the time.
yep, its an automatic given that tomorrow is rally day!!!! The markets are still hours away from opening and the futures are surging!!!! S&P FUT 1257.0 4.0 +0.32% DOW FUT 11553.0 40.0 +0.35% NAS FUT 2222.0 6.0 +0.27%
S&P FUT 1259.8 6.8 +0.54% DOW FUT 11579.0 66.0 +0.57% .20% move higher in the last couple of hours. By the opening the futures could be a huge 1% Risk free markets!!!