Weekly Poll: Pullback This Week?

Discussion in 'Trading' started by shortie, Sep 11, 2010.

SPY Next Week?

Poll closed Sep 17, 2010.
  1. Bullish

    21 vote(s)
  2. Flat

    7 vote(s)
  3. Bearish

    19 vote(s)
  4. I prefer to keep my opinion to myself

    1 vote(s)
  1. 10 days of September and the market is up ~6%. We had similar run-ups in June and July. Both followed by sharp pull-backs. No reason to think that this time is different. Also, last but not least: Nitro's NFV ~40 pts below the current level. This is one of the highest (the highest?) divergences (to the downside) that I recall.
  2. 256 stocks hit new highs, 8 new lows on the NYSE on Friday.
    That's very strong. It was this way all week long.
    It's a breakout. Within the short time frame of a week, it's possible we could have a pullback, but not likely. Far more likely is a strong up week to squeeze the remaining bears.
  3. LEAPup


  4. it is the expr week so historically we have ~0.5% bullish upside. but given the giant run-up, who knows...
  5. Bullish unless rather pesimistic economic data is released. Trends rarely reverse without new opposing fundamental data.

  6. [​IMG]

    SPY is touching upper BB but SEMIs look like crap. Should not Semis participate in the a serous rally?
  7. what would you prefer:

    short SMH
    long SPY


    short SPY
    long SMH

    assume equal sizing

  8. LEAPup


  9. S2007S


    Semis should always be participating in the rally.
  10. [​IMG]

    momentum player may want to:
    short SMH
    long SPY

    RTM player may want to:
    short SPY
    long SMH

    based on the ratio chart
    #10     Sep 11, 2010