How high goes the rally on Obama infrastructure spending?

[Chris Scoreboard Johnston]

When you see large funds category of COT report heavily long during a decline you know it is the PPT that is a very abnormal pattern, they are normally the drivers of the trends, not opposite. You basically have to have bottomless pockets to do that, and only one group of people have that, the good ole US Government. They hide in accounts at the big houses like Goldman for example. Any other funds would have capitulated out like we are seeing in commodities right now, when faced with losses that big.

[stockstradr]

Market now showing some difficulty going above 900.

Markets looking to close DOWN at least 2.5% for the day. My 2:1 short bets on the S&P500 are looking good – very much in the money, at least for the moment. Not sure what the rest of the week will hold; we have not yet seen that BIG DOWN day (over 5% down) that this year has been the strong signal that we’ve fallen over the top of each these fool rallies.

Maybe I should have stopped hesistating and simply doubled-down my short bets when the S&P500 touched 918 yesterday.

It seems this year it is the bets that are pessimistic and short the market that seem to usually pay off.

[stockstradr]

Market now showing some difficulty going above 900.

Markets looking to close DOWN at least 2.5% for the day. My 2:1 short bets on the S&P500 are looking good – very much in the money, at least for the moment. Not sure what the rest of the week will hold; we have not yet seen that BIG DOWN day (over 5% down) that this year has been the strong signal that we’ve fallen over the top of each these fool rallies.

Maybe I should have stopped hesistating and simply doubled-down my short bets when the S&P500 touched 918 yesterday.

It seems this year it is the bets that are pessimistic and short the market that seem to usually pay off.

[stockstradr]

Market now showing some difficulty going above 900.

Markets looking to close DOWN at least 2.5% for the day. My 2:1 short bets on the S&P500 are looking good – very much in the money, at least for the moment. Not sure what the rest of the week will hold; we have not yet seen that BIG DOWN day (over 5% down) that this year has been the strong signal that we’ve fallen over the top of each these fool rallies.

Maybe I should have stopped hesistating and simply doubled-down my short bets when the S&P500 touched 918 yesterday.

It seems this year it is the bets that are pessimistic and short the market that seem to usually pay off.

[stockstradr]

Market now showing some difficulty going above 900.

Markets looking to close DOWN at least 2.5% for the day. My 2:1 short bets on the S&P500 are looking good – very much in the money, at least for the moment. Not sure what the rest of the week will hold; we have not yet seen that BIG DOWN day (over 5% down) that this year has been the strong signal that we’ve fallen over the top of each these fool rallies.

Maybe I should have stopped hesistating and simply doubled-down my short bets when the S&P500 touched 918 yesterday.

It seems this year it is the bets that are pessimistic and short the market that seem to usually pay off.

[stockstradr]

Market now showing some difficulty going above 900.

Markets looking to close DOWN at least 2.5% for the day. My 2:1 short bets on the S&P500 are looking good – very much in the money, at least for the moment. Not sure what the rest of the week will hold; we have not yet seen that BIG DOWN day (over 5% down) that this year has been the strong signal that we’ve fallen over the top of each these fool rallies.

Maybe I should have stopped hesistating and simply doubled-down my short bets when the S&P500 touched 918 yesterday.

It seems this year it is the bets that are pessimistic and short the market that seem to usually pay off.

[mercedes7]

Congrats stocktradr…probably a very good bet! I don’t think it is going to be quite so easy on the short side as it has been. However, I have not gone long on anything yet. I prefer to wait till the market is bid up to a ridiculous point, then go short. Has worked out well so far. Plus, all the news (especially surprise news) that has come out, has been negative. I cannot think of one positive surprise news piece in the last several months except for Obama’s news conferences lately. Everything keeps pointing to things getting a lot worse. On another note, how do you think the market reacts to the auto bailout if/when it passes? gl

[mercedes7]

Congrats stocktradr…probably a very good bet! I don’t think it is going to be quite so easy on the short side as it has been. However, I have not gone long on anything yet. I prefer to wait till the market is bid up to a ridiculous point, then go short. Has worked out well so far. Plus, all the news (especially surprise news) that has come out, has been negative. I cannot think of one positive surprise news piece in the last several months except for Obama’s news conferences lately. Everything keeps pointing to things getting a lot worse. On another note, how do you think the market reacts to the auto bailout if/when it passes? gl

[mercedes7]

Congrats stocktradr…probably a very good bet! I don’t think it is going to be quite so easy on the short side as it has been. However, I have not gone long on anything yet. I prefer to wait till the market is bid up to a ridiculous point, then go short. Has worked out well so far. Plus, all the news (especially surprise news) that has come out, has been negative. I cannot think of one positive surprise news piece in the last several months except for Obama’s news conferences lately. Everything keeps pointing to things getting a lot worse. On another note, how do you think the market reacts to the auto bailout if/when it passes? gl

[mercedes7]

Congrats stocktradr…probably a very good bet! I don’t think it is going to be quite so easy on the short side as it has been. However, I have not gone long on anything yet. I prefer to wait till the market is bid up to a ridiculous point, then go short. Has worked out well so far. Plus, all the news (especially surprise news) that has come out, has been negative. I cannot think of one positive surprise news piece in the last several months except for Obama’s news conferences lately. Everything keeps pointing to things getting a lot worse. On another note, how do you think the market reacts to the auto bailout if/when it passes? gl

[mercedes7]

Congrats stocktradr…probably a very good bet! I don’t think it is going to be quite so easy on the short side as it has been. However, I have not gone long on anything yet. I prefer to wait till the market is bid up to a ridiculous point, then go short. Has worked out well so far. Plus, all the news (especially surprise news) that has come out, has been negative. I cannot think of one positive surprise news piece in the last several months except for Obama’s news conferences lately. Everything keeps pointing to things getting a lot worse. On another note, how do you think the market reacts to the auto bailout if/when it passes? gl

[stockstradr]

My instinct ALL DAY long today is I need to get out of my short index positions, with just a few percent net profit. I think this fool’s rally has more upside. We got anticipated approved of the automakers, plus we got anticipation of Obama’s big infrastructure spending plan.

[stockstradr]

My instinct ALL DAY long today is I need to get out of my short index positions, with just a few percent net profit. I think this fool’s rally has more upside. We got anticipated approved of the automakers, plus we got anticipation of Obama’s big infrastructure spending plan.

[stockstradr]

My instinct ALL DAY long today is I need to get out of my short index positions, with just a few percent net profit. I think this fool’s rally has more upside. We got anticipated approved of the automakers, plus we got anticipation of Obama’s big infrastructure spending plan.

[stockstradr]

My instinct ALL DAY long today is I need to get out of my short index positions, with just a few percent net profit. I think this fool’s rally has more upside. We got anticipated approved of the automakers, plus we got anticipation of Obama’s big infrastructure spending plan.

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