Stock Market Prediction

[highernote]

Originally Posted by highernote

Based on the momentum buy trigger that was tripped in my model on April 17 I am predicting S&P500 of 3,305 by October 17.

Typically when this particular buy signal is triggered the market rises an average of 15% over the next 6 months.

The sp500 closed at 2874 on Apr 17 and I predicted 3305 by Oct 17. I am sticking with that, but making a new prediction.

Based on my momentum model a double-buy trigger was tripped on June 6 when the sp500 closed at 3193. I predict sp500 of 3673 by December 6.

The ratio of Advancing Stocks to Declining Stocks over the past 10 trading days is greater than 2 to 1. That is huge buying momentum.

The ratio of Buy Volume to Sell Volume on June 6 was 9 to 1. That is also huge buying volume. 9 times as many stocks were bought as were sold.

Time to go all in.

Happy days are here again -- at least for people who are long stocks. The rest will probably have to wait until fall or later to get back to normal. But who knows if the new normal will be the same as the old normal.

[Big Russ]

Originally Posted by highernote

The sp500 closed at 2874 on Apr 17 and I predicted 3305 by Oct 17. I am sticking with that, but making a new prediction.

Based on my momentum model a double-buy trigger was tripped on June 6 when the sp500 closed at 3193. I predict sp500 of 3673 by December 6.

The ratio of Advancing Stocks to Declining Stocks over the past 10 trading days is greater than 2 to 1. That is huge buying momentum.

The ratio of Buy Volume to Sell Volume on June 6 was 9 to 1. That is also huge buying volume. 9 times as many stocks were bought as were sold.

Time to go all in.

Happy days are here again -- at least for people who are long stocks. The rest will probably have to wait until fall or later to get back to normal. But who knows if the new normal will be the same as the old normal.

It's been quite a ride. I got totally out of equities at about 3300 in Feb, and went back all in at about 2600 in March. I did not want repeat of 2008 to my 401(k) accounts, and figured this could be my last chance at making some better moves prior to retirement.

My gut keeps telling me that between the upcoming election and how sharp this move has been, I'm skating on thin ice. I will not hesitate to bail out and protect the stash when things turn.

Thanks for these updates!

[Big Russ]

Originally Posted by Tape Reader

Start selling. Sharp reversal ahead.

The question is when?

[Secondbest]

Watch the rotation. Since about May 20th technology has lagged the S&P. Financials since that time have outperformed.

[Tape Reader]

Originally Posted by Big Russ

The question is when?

I apologize. I was all wrong.

[Big Russ]

Originally Posted by Tape Reader

I apologize. I was all wrong.

No apologies needed. I'm very happy that others are willing to share opinions about the market. Thanks.

[lamboguy]

they are outlawing red paint for these markets.

Hertz went bankrupt when they were under $1.00 per share, now $5.00

nobody wants to get on an airplane, those stocks are way up along with cruise lines and hotels. everything is up. what a beautiful world this is.

[lamboguy]

https://robintrack.net/


they love buying bankrupt company's.

todays play looks like PLM

[lamboguy]

NKLA another hot stock for the day, they got on the exchange with a reverse stock merger.

everything sounds great about this company with electric trucks that can go 500 miles.

i don't trust it though. but the stock sure as f--- is moving

[Suff]

Originally Posted by lamboguy

they are outlawing red paint for these markets.

Hertz went bankrupt when they were under $1.00 per share, now $5.00

.

Also inexplicably, used car prices have risen, and Hertz's fleet is the asset that backs the debt, and its appearing that Hertz can absorb the bankruptcy due to this.

Creditors can be paid back by refinancing the fleet value. Supposedly.

[lamboguy]

these guys pushed up F, GE, and a bunch of other dogs that i would love to short..

[Suff]

Originally Posted by lamboguy

these guys pushed up F, GE, and a bunch of other dogs that i would love to short..

I might short hertz. but like playing Craps, I'm always on the pass line. Short positions feel like the do not pass line.

[lamboguy]

Originally Posted by Suff

I might short hertz. but like playing Craps, I'm always on the pass line. Short positions feel like the do not pass line.

i am not a don't player on the craps table either, but going long or short is like betting the favorite or the underdog in a game to me. its all reletive because you have to play with stops in these markets today otherwise you can get wiped out. -

[FakeNameChanged]

Originally Posted by lamboguy

https://theeconomicstandard.com/now-...tart-it-again/

Lamboguy, I just wanted to thank you for pointing me towards considering companies that use or mine manganese. The steel company X, is up 20% since getting in. And Vale is up about 4% in less than a week. The other miner, I haven't been able to get, lightly traded and OTC is up about 5%. I considered NUE for my other steel company, but Pricing was more attractive to me with US Steel. Manganese is also used in copper and aluminum, but I haven't looked at them yet.

[lamboguy]

Originally Posted by lamboguy

https://robintrack.net/


they love buying bankrupt company's.

todays play looks like PLM

PLM going back to its place in hell today even though precious metals are rocking and rolling today.

i would have shorted that one, but i don't like f==== little ants.