I'll be doing a weekend update that is posted by late Sunday night. I'll have more information then and give you my best guess as to the likely target.
For now though, I think this is wave one down, that should last most of next week, and then a wave 2 up into the end of January would be expected. Wave 3 down should start in the first week of February. I'm expecting about a 100 points down on the S&P500.
I don't know? It's up to JPM's earnings, which is released at 7am EST. Intel beat estimates with 40 cents earning, but that was what the “whisper number” was, not the 30 cent that was reported as the market estimate.
So, it didn't move the market. JPM will also have to beat the whisper number, not what the street posts. That's the key to moving the market. Will it? I don't know?
I'll be doing a weekend update that is posted by late Sunday night. I'll have more information then and give you my best guess as to the likely target.
For now though, I think this is wave one down, that should last most of next week, and then a wave 2 up into the end of January would be expected. Wave 3 down should start in the first week of February. I'm expecting about a 100 points down on the S&P500.
Check back Sunday night. Thanks for stopping by…
Red
How far down do you think it will go? before early Feb?
I agree Kmoney. Down a little next week and rally into the end of the month, and first week of February. But coming early February… watch out!
Thanks Pramod… that's what everyone is waiting on it seems…
JPM whisper number is 0.70
I don't know? It's up to JPM's earnings, which is released at 7am EST. Intel beat estimates with 40 cents earning, but that was what the “whisper number” was, not the 30 cent that was reported as the market estimate.
So, it didn't move the market. JPM will also have to beat the whisper number, not what the street posts. That's the key to moving the market. Will it? I don't know?
I think you will get your correction soon (day or two)
But then we head to 1222 SPX.
gap up tomorrow
Thanks Pramod… that's what everyone is waiting on it seems…
JPM whisper number is 0.70