Tony, referring back to charts of BKX, where do you see the banking index going if SPX is down around 650 or 620?
Any idea how the BKX will respond or if it will lead/follow the S&P500 down?
Sidenote: wish you gave more follow through info on why holiday not so good. Not enough nutmeg? Relatives grumpy? Economy? Businesses starting to cut jobs effecting all industries; even financial.
Here, had car accident due 2 icy off ramp. No injury, thank goodness.
personally, i find it impossible to tell which way it should go. this market has been overvalued for so long im not suprised to be trading this range. best not to play the index as the money is cylcing around sectors keeping it propped up. best to find any equities trading in the $5 to $10 range that you think could get in real trouble and cant benefit from a bail out. that is my opinion.
I disagree, I don't see S&P going below 850 in January. in fact, a likely break out of its 850/950 range to the upside in the next 60 days or less, IMO.
Happy New Year Tony. It sounds like you had a bump in the road. I hope it was not too hard. Thanks for your post. I got short the last couple of days and will watch carefully how it goes. Enjoy your work. Thanks.
Tony, referring back to charts of BKX, where do you see the banking index going if SPX is down around 650 or 620?
Any idea how the BKX will respond or if it will lead/follow the S&P500 down?
Sidenote: wish you gave more follow through info on why holiday not so good. Not enough nutmeg? Relatives grumpy? Economy? Businesses starting to cut jobs effecting all industries; even financial.
Here, had car accident due 2 icy off ramp. No injury, thank goodness.
Appreciate your commentaries.
Tait
tt4ytt 3 years ago
December was (corp) bond rally time. Corp, junk, and emerging market sovereign debt rallied.
BUT there remain many bearish time bombs out there....like commercial real estate and California defaulting.
honeysugarbaby 3 years ago
personally, i find it impossible to tell which way it should go. this market has been overvalued for so long im not suprised to be trading this range. best not to play the index as the money is cylcing around sectors keeping it propped up. best to find any equities trading in the $5 to $10 range that you think could get in real trouble and cant benefit from a bail out. that is my opinion.
maximumvalues 3 years ago
one month of going nowhere. im simply trading SRS back and forth, back and forth... yawn
maximumvalues 3 years ago
I disagree, I don't see S&P going below 850 in January. in fact, a likely break out of its 850/950 range to the upside in the next 60 days or less, IMO.
mcmelon52 3 years ago 2
Boy I bet you feel Dumb, its February and we still aren't over 850
pimpingoo 3 years ago
Actually (Jerk), I saw the change in market sentiment and shorted the overall market nicely... but thanks for asking.
Since you're so Smart, why don't you list what the market will be at Feb 15, Mar 15, and April 15.
mcmelon52 3 years ago
I dont pretend to know where the market is going!
pimpingoo 3 years ago
Thanks, Tony. I really enjoy your annalysis
tonyfarese 3 years ago
I like very much your vids. Thank you and a happy new year
italianchappy 3 years ago
Happy New Year Tony. It sounds like you had a bump in the road. I hope it was not too hard. Thanks for your post. I got short the last couple of days and will watch carefully how it goes. Enjoy your work. Thanks.
w8edwards 3 years ago
First! And Happy New Year!
ThisIsMeHardAtWork 3 years ago