Weekly Poll: Even After The Ugly Red Candle, SPY +1.5% YTD. Where To Now?

Also RDT...his AAPL call was good for several dollars buying at 09.31 on 1/18.

A very useful thing to have is a consistent loser to fade. I've read on the blog of another ET member who is a very proficient operator that this was an old floor trick on the CBOT.

I don't usually trade stocks, however the APPL was too good to miss, and I'd never have spotted it without RDT!

 

We may get a gap down tomorrow. Expected January unemployment is 9.5%, but Gallup believes unemployment is 9.8%.

 

why would that gap us down. high unemployment is good for the market. it ensures more qe.

 

Market gaps down many days, about 8 times out of 10 in the last 6 months its a dip to buy.

 

The market doesn't see it that way. Bad jobs numbers would cause a gap down because masses of unemployed people are bad for consumer spending.... at least that's the narrative CNBC would go with.

 

i dont think so. we will see tomorrow. i actually wish it would happen.

 

17-8 in favor of bearish. Quite pathetic. Need to see 30-1 bullish before I get bearish. ET is my favorite indicator!

 

Genius call buddy. You must be a salesman for permabears.