where are we going

where is the s&p heading this week?

 

Form your own opinion and act on it.

 

to the moon

 

We are going where the market wants to go.

 

Nobody knows for sure. However, as the S&P, Dow and Nasdaq100 have been in modest uptrends, my bias is to the long side. So, if all these indices go up I would like to be long, and if they don't all go up or if some or all go down, I will remain in cash.

A better chart to the down-side, inversely correlated to the stock markets, would be Gold: I would be happy to be short Gold instead of long the indices.

 

expect 30 points weekly range

 

• GOOGL, AMZN, FB earnings this week. I expect the markets to head higher.
• Buy weekly 1-strike OTM calls - QQQ or SPY.

 

*Flips coin*
Up!

 

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LOL agree =with the direction anyway, SPY/QQQ/uptrending bull market. But GE is still in bear market; getting kicked out of the DOW seemed to make the GE bear trend worse .[Pretty strong SPY QQQ for a summer UP trend ; NOT a prediction...............................................]

 

We are not going anywhere, but the market is going.