I’m new there too but he is a person who is a supplier of content on another person I subscibed to – so that guy feels good abt him – I think we need to take the total message from folks like R and others and combine that into what we want to do.

https://en.wikipedia.org/wiki/Lost_Decade_(Japan)

Unfortunately, I don’t think it’s as easy as saying that if any one index, such as SPY, crosses above a particular level, that automatically eliminates the case for a trend reversal/correction & then opens the door to more upside.
I do think that the market is starting to push the upper-limits of what would fit the bill for a typical counter-trend (bear market) rally with another leg down soon to come although every wave in every market cycle is different. Plus, this time around, we have what is likely to go down in history as the largest distortion/interference with the mechanism known as price discovery due to the unprecedented direct intervention into nearly all aspects of the financial markets by the Federal Reserve. https://en.wikipedia.org/wiki/Price_discovery
As such, the Fed intervention has & may continue to distort stock & bond prices (i.e.- the charts) in the near-term, carrying the rally higher that it might have normally went without the price distortions although I am a firm believer that all the intervention in the world can only temporarily delay asset prices from heading to where they want/need to be based on fundamentals as well as supply/demand forces. By the latter, I mean that the Fed, ECB, and other central banks can only buy “so much” of bad paper & inject liquidity into the system to temporarily delay stock prices reflecting the current & future earnings & growth rate of those companies with fundamentals eventually dictating where the stock market goes.
Essentially, the higher they artificially inflate asset prices, the harder the fall once that gig is up & market forces overwhelm any & all efforts by the central banks. I will say that the possibility certainly exists that the economy can get back on track with corporate earnings picking up where they left off before COVID hit but I just don’t see the likelihood of the economy returning back to anywhere near 100% of where it was earlier this year anytime soon.

SPY is an official (active) short trade. The suggested stop is based on a daily close vs. any intraday move above it. As this is peak earnings week coupled with the heaviest week on the economic calendar in a while, volatility & whipsaws (false buy & sell signals, breakouts, rips & dips, etc..) are likely. As such, I prefer to give most swing trades a little room on the stops during periods like this in order to avoid being stopped out on what could prove to be a whipsaw move.
With two of only 3 $1T companies in the US stock market reporting earnings after the close today (AAPL & AMZN), depending on where the market is trading in the final hour today, I may suspend the stop on SPY one last time.

Manipulation tactics. Cramer spoke about different ways how to pump & dump long ago. Not sure how legit it is, but it feels pretty probable.
https://www.youtube.com/watch?v=gMShFx5rThI

Here’s the Russell 2000 courtesy of @sentimentrader incredible.
Our IWM Optimism Index (for small cap stocks) has reached 99, the highest level *EVER*

The 2nd highest reading was in Oct 2011, when stocks fell -12.8% over the next month. Less extreme readings also led to pullbacks

It seems like zero Gravity – we will see how this plays out. Still short and cash only.

Should say just pumping for reelection. I am short and in cash.

170 is support (if I can say that for TVIX as it’s a decaying asset), but PPO is bearish on daily, RSI does have a small divergence though. Then you want declining volume on falling wedge, but it’s somewhat flat or slightly elevated.

To entertain you.
https://mobile.twitter.com/stoolpresidente/status/1254770599647301632?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1254770599647301632&ref_url=https%3A%2F%2Fwww.barstoolbets.com%2Fblogs%2F2358768%2Fstocks-101-it-only-goes-up-it-never-goes-down-and-if-it-does-go-down-theyll-print-more-schrute-bucks

Disclaimer – I know nothing and am usually wrong

You forgot to note : SGG , NVDA , SSG……

And….futures rip higher again. I fear every market bear is ready to short at 298-302 level. Which will likely impart the energy for potent short squeeze back to highs. Explaining mkt moves based on fundamentals or economy seems to be lunacy as the have been dissociated for some time now. I plan to sell SPY pits tomorrow given no signs of slowing down the Fed and legions of loyal retail bulls.

https://www.businessinsider.com/us-weekly-jobless-claims-preview-economists-see-4th-week-decline-2020-4

Just came across his analysis a couple of weeks ago. Is he that accurate to rely trading strategies on? Thanks in advance…

Thank you! UDOW is good idea, I will definitely include it into my bull rotation. especially with oil catching a bit (even if the bounce is short lived)

Agreed is tough to fight the uptrend. My thought is same as others on the board if this is beginning bull market financials and small caps will need to catch up.

Just saw a tweet that equity put/call ratio are lowest since February 20-21. So maybe they’ve cleared out most of the other shorts. I left the bulls team today and currently in cash but looking to go short soon.

I’m not sure you understand what a pump & dump is.

I think in less than 10 days…

and if the market had dropped we would be brilliant and tip out hat to R – I just dislike seeing some of these posts assigning blame – thats BS. Plus in abt 10 days we will be brilliant – look at slims cycles – we are just early.

Doing the same here. Buying tqqq and soxl intraday. Feels unnecessary to hold the shorts but let’s wait and see.