Comments on: SPY, QQQ, & T-Bond Updates 1-7-21

By: Imadaytr8r

Imadaytr8r — Thu, 07 Jan 2021 18:44:07 +0000

With money flooding from safety into Bitcoin and equities what would cause it to abruptly not just stop but reverse on a dime! SPY as of this writing (10:40 PST) is at 378 and it needs to close below 364 to keep “short” fantasies alive!!!!!!!!!! Anything short of Nuclear bomb landing in Time Square or a Biden heart attack!

By: nitins1921

nitins1921 — Thu, 07 Jan 2021 18:41:18 +0000

In reply to Swingisking. For how many weeks have you been saying or hoping next week now?

By: Ari512

Ari512 — Thu, 07 Jan 2021 17:47:37 +0000

How often does SPX make a high that is not divergent? It seems to me that most highs are made with divergence…

By: Swingisking

Swingisking — Thu, 07 Jan 2021 17:39:56 +0000

In reply to nitins1921. Or maybe next week. Just stay nimble with stop losses intact :)

By: nitins1921

nitins1921 — Thu, 07 Jan 2021 17:22:28 +0000

In reply to hotrodricky. Yeah, in a natural environment. But this is not and Fed will keep it an unnatural environment until the next two years? From what I have seen, valuations matter in the long term and liquidity matters in the short term. Bubble will burst but the question is when? May not be in the next 6 months or much longer.

By: Pbathula

Pbathula — Thu, 07 Jan 2021 17:18:06 +0000

@rsotc, thank you very much for the update!

By: Foreverlearning

Foreverlearning — Thu, 07 Jan 2021 16:59:15 +0000

Just as a heads up 3810 was a wave 5 target and fib extension, so it may hold as a top. but as always that is to be seen.

By: stevekille@netzero.net

stevekille@netzero.net — Thu, 07 Jan 2021 16:55:47 +0000

Thank you, Randy, for the concise update. I’m in a hurry this morning, and it only took a couple minutes to read your important points. Much appreciated!

By: hotrodricky

hotrodricky — Thu, 07 Jan 2021 16:54:12 +0000

Paying 28 times earnings for the S&P seems silly.

By: Scott

Scott — Thu, 07 Jan 2021 16:51:28 +0000

In reply to crlists13. In my opinion no one can say for sure. But remember, smart money buys low and sells high. With that logic, you have to keep an open mind to the possibility that institutions are selling equities (at all time highs) and buying bonds. The smart money always does the opposite of the little guy.