Red

User banner image
User avatar
  • Red

User Comments

... Red Dragon Leo

New penny stock pick alert went out tonight… check your email in the morning.

... Red Dragon Leo

Apple and Facebook report after the close and we have a bear flag on the market now. Will it play out? I don’t know but the odds favor the bears in my opinion

... Red Dragon Leo

No Permabear, I’m neutral just like you. But tomorrow may be a different story? If no higher high is made (then today’s high) I will be looking to short it. It could go up a little more but I don’t see a new all time high as I think 1897 will stand for now.

... Permabear Doomster

No, I AM expecting new highs.

The transports is AT new highs..and the other indexes will largely follow.

Are you shorting this market right now? Just curious.

For the record, I’m content to just sit it out, probably for some weeks, maybe even mid June.

... Red Dragon Leo

Ok… I thought you were expecting new all time highs? But you’re
not… so we agree. I seen the transports too and it’s clearly hit
resistance on the same rising trendline, so I don’t think it’s going
higher. The SPX should pullback too and not make a new high. But I’m
not looking for some crash move down… more like a steady trend change
that just keeps both sides guessing the direction.