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The Longest Streak In Stock Market History... Is Over

Discussion in 'General Discussion' started by tom, Dec 2, 2014.

?

In the next 5-10 trading days, I think the SPX will...

Poll closed Dec 16, 2014.
  1. Be above 2080

    1 vote(s)
    16.7%
  2. Be between 2025 and 2080

    5 vote(s)
    83.3%
  3. Be below 2025

    0 vote(s)
    0.0%
  1. tom

    tom Administrator Staff Member

    Did you see this post at zero hedge?

    http://www.zerohedge.com/news/2014-12-01/longest-streak-stock-market-history-over

    "...this is the longest streak of sustained equity momentum higher in the history of US markets (surpassing the previous record 27 days from 1928)"

    We had some selling pressure today but the volatility products did not confirm it. There is also a lack of significant U.S. economic events on the horizon for the next few days. Personally I wouldn't mind SPX dropping between 2000 and 2030 in the next two weeks, but I'm not convinced yet that it will.

    I posted the Market Analysis Jim and I did in the Members Library talking more about it at

    http://members.capitaldiscussions.com/go/u.library

    What's your short term outlook for the market?
     

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