Market is moved just by the Fed expectations....and all the times the "investors" expect more! An Infinite QE should be the best :) The Macro Economic is gong worse and worse but...at this time...it doesn't matter cause traders are hoping for more money printing. Market had to crash several months ago but...nothing...it resists. Actually the Interest rate is just...
Dow has 2 main gaps up open since last February...I have never seen something like that! Nasdaq usually opens some gaps but the Dow...almost NEVER...The first one at 15970 and the second one at 17400. I doubt that at least one of these gaps won't be closed....I see the target at 17400 after the elections...around January. I am neutral in the short...
It's risky cause Fed is trying to keep the stocks high till the elections but....on the other side...this very long uptrend doesn't make any sense considering the real Us Economy. The Bubble is huge and the 1929 Crash started on October... So...maybe it's too early for shorting now. Anyway....with a few money I should take the risk...First Target 5030. Stop loss...
It's risky cause Fed is trying to keep the stocks high till the elections but....on the other side...this very long uptrend doesn't make any sense considering the real Us Economy. The Bubble is huge and the 1929 Crash started on October... So...maybe it's too early for shorting now. Anyway....with a few money I should take the risk...First Target 4650. Stop loss above 4835
Break up coming. Going Long till around 2260....then...we'll see...
Nasdaq got 5199 so...we got the high target and now?...Nasdaq has 4...I repeat 4 gaps up opened...at 4940, 4890, 4690 and 4340..... So...this is a big trouble....Anyway....we cannot go against the market...You could open a SMALL short position at these levels....and eventually wait if Nasdaq goes below 5060...
Nasdaq Composite is going to test the all time highs....then...we'll see. So...Long till 5200.
Buy above 4940 . Target 5010....Then...Go short!
...Technically the S&P 500 should drop but as we have seen till today....it's hard to drop. I guess the S&P 500 is waiting for the Nasdaq Compq as well...The Nasdaq Compq should close the Gap at 5000 that means about 1.8% higher than now...So...I see the S&P 500 at 2085 before crashing....
Waiting that the Nasdaq Composite will close the Gap down. Target 5010/5030 and in that area Going SHORT. To the break up of 4940 going Long till 5000 ...then...sell anything and going Short...