View Poll Results: I trade the S&P m

Voters
22. This poll is closed
  • Yes

    18 81.82%
  • No

    4 18.18%
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  1. #21
    Veteran Member uj.forex's Avatar
    All time High


    ‘All time high’ is the word that we are hearing frequently for the past couple of months and there always a new all time high, right after another. Yes, the U.S stock market is currently testing another record high level of 1790 where its next target might be 1800 provided it manages to move above 1795. It is all because of the continuous flow of monetary easing in the U.S economy by the Federal Reserve, which they are not backing out at least for now.

    The to-be-appointed chairman of Federal Reserve, Janet Yellen, reiterated her remarks on the economy yesterday as well where she sees a greater room for improvement and that could come by continuing the $85 billion bond buying plan at least until March 2014.

  2. #22
    Legendry Member Michael Hodges's Avatar

    spx bullish !!!

    bullish on the SPX, 
    spx bullish
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  3. #23
    Veteran Member uj.forex's Avatar
    Welcome Bears !

    The wall street plunged sharply yesterday where SP500 tested 1773 within the US session after trading at 1792 at the start of the US sesssion.... all this happened as the FED statement about the tapering came out.... plus, Carl Icahn also pointed out 2 days back that marrkets seem to be falling.... all about sentiments... all about market sentiments... still sellers can enter the market and earn big time...

  4. #24
    Legendry Member Michael Hodges's Avatar
    Obviously i was wrong this week about the near term direction. Taper fear is back on the table but it looks weak, taper means strong economy and today Kuroda gave the global economy a thumbs. The S&P is still trading near all time highs, I expect to see at least one more before it's all said and done.

  5. #25
    Veteran Member Ammeo's Avatar
    Dont do much S&P ...but always have close eye on it to get the overall look of the market.....

  6. #26
    Veteran Member uj.forex's Avatar
    The Wall Street witnessed sharp decline all of a sudden where the S&P 500 index fell instantly from 1792 to 1781, where this support level was further broken and the market managed to test 1773 before the closing of the trading session on Wednesday. Call it rumors, call it manipulation, or call it intuition. The market works on sentiments and the fundamentals automatically follow such sentiments, leading the forecasts to be true.

  7. #27
    Legendry Member Michael Hodges's Avatar

    SPX And The Santa Rally !!!

    HO HO HO, its still a little early but the Santa Rally is looking highly likely. Still bullish. 
    SPX And The Santa Rally
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  8. #28
    Veteran Member uj.forex's Avatar
    the stock indices of top economies are totally in control of Bulls where SP500 index is moving at 1807 level and Nikkei has been rising since past week. Analysts are expecting the wall street to gain further this week where it can move above 1814 to test 1819 and 1827 level....

  9. #29
    Veteran Member uj.forex's Avatar
    The U.S stock market stays firm on Wednesday where the S&P 500 index manages to sustain itself above the psychological support level of 1800, even after the release of economic indicators including Chicago PMI, unemployment claims, and consumer sentiment that showed the outcome to be much better than expected. The point here to note is that the better the economic indicators come now, the higher the chances would be that the tapering of stimulus plan is done as soon as possible.

    And if this happens, then the stock market would start falling because money supply would be curbed and this boom in the market or should we say the artificial optimism would not be there. Yet again, the role of overall market sentiment is coming into play where the overall market outlook is still bullish where the signs from different major economies show that the world economy is getting better.

  10. #30
    Legendry Member Michael Hodges's Avatar
    Thanksgiving week was a bit more indecisive than I though at first. Let's see how Monday action is....

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