July 19 thru July 23 earnings, Dow 30 doesn't have too much upside. MRK for instance, I'd short that right now. JPM at 39, 41 is probably the short sell price. CAT,BA,DD, probably do great!
Most people I know that don't play the markets are now bearish, some of them even expecting a crash. That has got to be the ultimate contrarian indicator. The mistake a lot of people are making is seeing that the fundamentals are deteriorating, by know traders should know it means rally.
I see the first one. You now have 2 comments. But yeah, sometimes it throws them in the spam filter and I have to go and undo it.
Hi Red, one comment showed up here, and the other one dis-appeared.
I think Disqus might be on the fritz.
July 19 thru July 23 earnings, Dow 30 doesn't have too much upside. MRK for instance, I'd short that right now. JPM at 39, 41 is probably the short sell price.
CAT,BA,DD, probably do great!
new post http://hotoptionbabe.com/blog/36-july-opx-week….
My general anticipation on earnings this week, is neutral for the indexes.
Earnings 7-12 thru 7-16
Hi newbear,
It's summer rally time…YAY! Buy the dips.
Most people I know that don't play the markets are now bearish, some of them even expecting a crash. That has got to be the ultimate contrarian indicator. The mistake a lot of people are making is seeing that the fundamentals are deteriorating, by know traders should know it means rally.
Here's an interesting sentiment chart, I found at molecools…
I think it says, the market bottomed this week.
http://www.bloomberg.com/apps/quote?ticker=AAII…
Hi Walrus,
Can I call you Walrus, instead of the eggman? kidding…
I like Red's 11,800, and I like your OCT crash. Good stuff.
FDO, short at 36-37