Will the S&P hit 1300 in February?

excellent and astute observation jackbyrd! Does he remind you of someone?

 

I voted in the poll that the S&P would go higher than 1300 but my real answer is 'damned if I know.' If the selloff continues tomorrow and we close on a low of 1260 or 1255 then this could get ugly.

rubberbird, you are truly da man, though. You make clear calls and, from what I've seen, you're usually right.

 

Ditto. That said, the chart looks a bit ovextended, and ready to pull back into the 1220-1240 area.

 

yes, well put.

 

Pikers!!!

 

Covered @ 1274.25. Still have a short position that was initiated @ 1288.75. Tomorrow we might trade in a range before the employment numbers come out. Will short any break-out or break-down after the report but if we see some weakness in the morning, I wouldn't hesitate to go short again.

1250 seems like a resonable support because it's a nice number and. I do not think that will hold for long though. 1200 is my target for Feb.

 

Actually, I could use a good ole 8% dip off the highs last month.

'cuz it looks like we are right in the middle of that #$^%& December trading range again.

Mr. Bird, please take us back to the low 1200's for some volatility. If you could just get the S&P to punch through the 1260's, it will probably coast the rest of the way.

Today was nice. Lets have a few more of those.

 

We're range bound and consolidating for now.

 

I believe there is more to the downside and not rangebound trade

 

You could be right, until we break the 12/30 low or the 1/11 high, we're range bound.