Will the S&P go to 1000 or 1200 ?

Buy this morning dip, this is an unusual mid day buying opportunity.

 

yes, but 3 major indexes are not in sync so it is probably weighted less. ndx blew right through the double top.

 

The nasdaq composite the most widely recognized closed at 2507.4. Index made a high of 2530-2535 in April so getting close.

 

Good point, I was looking at the ndx.

 

Thank you!

As ivanowich will tell you, I sometimes do make good points.

 

nasdaq up 8 days in a row!!!!!!!!

 

Do you think the markets will go up between now and the end of the year?
Yes, the markets will keep rising
59%

No, recent highs will fade
41%

Total Votes: 636
Not a Scientific Survey
Results may not total 100% due to rounding

 

Why Markets Will Continue Rallying: Strategists
Published: Thursday, 28 Oct 2010 | 12:00 PM ET
Text Size
By: JeeYeon Park
CNBC News Associate


Next week's mid-term elections, coupled with the Federal Reserve’s expected announcement on quantitative easing (QE)—buying bonds to increase the money supply—are likely to have a major impact on your investment strategy.

How should you be prepared? Gordon Charlop, managing director at Rosenblatt Securities and CNBC markets analyst and Terence Dolan, CEO of Benjamin & Jerold Brokerage discussed their insights.

“The point of QE is more psychological,” Dolan told CNBC. “[The Fed is] talking about a stronger dollar, but we really need a weaker dollar to make our goods more comparable overseas so it’s a mixed bag on how effective the Fed is going to be.”

However, Dolan said the markets are coming out from a transition phase and are formulating a basis to move upward.

“Right now, I’d be looking at some of the technology firms, biotechs and some stocks that are decent on the dividend side as well, just for defensive purposes,” he suggested.

In the meantime, Charlop told investors to watch out for major economic news coming up including Friday’s GDP report, next week’s ISM data, elections, Fed’s announcement, and government payroll numbers.

“To me, all these things will be a springboard to a market that will continue to rise to the end of the year,” he said.

 

All markets in the green and ready to rally into the close, no risk at all, go long and hold into the elections and fed meeting and make free money all the way through the end of 2010, spx to 1275-1300 by then. Do not sell.

 

Why is 1200 taking so long, its guaranteed to happen, don't know why they cant just push it 1200+ and be done, this waiting around gets boring you know.