Originally Posted by AltonKelsey (Post 2432806)

SFOR to zero




Your best stock in the world nonsense just went to zero

Originally Posted by AltonKelsey (Post 2432806)

SFOR to zero

Your best stock in the world nonsense just went to zero

Originally Posted by sammy the sage (Post 2433341)

Well the well connected players who can trade before the average Joe....should get a real nice hit today on NIKE stock if they short it...predicting a a bit of dive...after that shoe blow-out last night....sell sell sell

Originally Posted by Saratoga_Mike (Post 2433387)

Your broker doesn't allow pre-market trading? If only well connected players can SELL (short) Nike before the open, then presumably only well connected players can BUY Nike before the open? So the well connected seller is trying to sell (short) to a well connected buyer. Edge - zero (and it isn't reality).

In reality, the well informed small investor has a big edge over the large investor b/c liquidity isn't an issue (i.e., it's easier to sell 200 shares of NKE pre-open than 200k shares).

Originally Posted by highnote (Post 2431410)

A month ago I posted that my average target for the S&P is 2811 by June 16, 2019 -- a 15% increase from the close of about 2468 on December 26, 2018. The maximum upside target is 2931.

S&P currently stands at about 2770. There is still some upside remaining, but the big run up might be over. However, if this bull market lasts longer than 6 months and runs through September then there is still another 150 points to the upside to be captured.

I don't have a good probability estimate to the downside, but the old 80/20 rule might apply. There is an 80% chance SP moves higher by June and only a 20% it is lower, black swans notwithstanding.

Originally Posted by highnote (Post 2435002)

S&P is at 2808. I had predicted 2811 by June 16. If it hits 2811 today or even this week, that is months ahead of my prediction. Usually, I get the number right, but get the timing wrong. My timing is still off, but at least it is closer to hitting the target sooner than later.

My upside target is 2931. It would be nice if it hits that target sooner than later!

Originally Posted by highnote (Post 2418919)

I have been maintaining a stock market timing model for the past 5 or 10 years that was devised by Martin Zweig. Last week I got the biggest buy signal that the model gives. It also gave a couple smaller buy signals a week or so earlier.

Check back here in 6 months. I estimate that the SP will rise by at least 15% by June 15, 2019.

...

So I'm looking at a target for the SP of at least 2811 -- up 15% from December 26's close, but more likely 2931 based on the close of January 7, 2019.

The following indicator is why I am so bullish:

On January 7, the NYSE Advancing Stocks to Declining Stocks ratio over a 10 day period was greater than 2-1. That is a huge buy signal based on momentum. It has only happened twice since 1993. It happened in March of 2009 at the bottom of the financial crisis when interest rates dropped and the Fed started QE. It happened in July 2016 when everyone thought Hillary was a lock to win the presidency -- investors saw stability in that not much would change from the Obama presidency.

There was also another strong indicator on December 26, 2018 when the NYSE Advancing volume to declining volume ratio was greater than 9-1 -- it hit 24-1. It takes a lot of buying to get to that ratio. Money is flooding into the market.

...the market should do well over the next 6 months.

Originally Posted by highnote (Post 2441227)

Have not gotten any sell signals from my model. Finally broke through the 2811 low-side target I set for the S&P. Hope to see the high-side target of 2900+ by June.

Originally Posted by reckless (Post 2441624)

It will get there and through 2,900 a lot sooner than June, highnote, I believe.

Powerful news on the business front today and the market reacted accordingly. I actually think today was a buy signal for a very strong near- and long-term up market.

I am not a charts guy but markets and the economy are cooking and with the rest of the world going nowhere, the USA will be the only place for money to go to.

Originally Posted by highnote (Post 2441679)

People have money and are spending it.

Originally Posted by wisconsin (Post 2441793)

This. Seen it myself. The malls are also crowded. Not just at Christmas either.