2,750 already? It was only September when we got over 2,500 so another 10% in 4 months is a 30% annualized pace for the senior index. Back on 9/26, I asked " Is S&P 2,500 the Market’s Waterloo? " and clearly it has not been, with barely a down day since, punctuated by this year's crazy kick-off that's taking us 75 points higher (3%) for the year, so far. Of course that's nothing compared to what's going on with our GreenCoins (GRE), which blasted up another 100% this morning on heavy volume , despite the sell-off in some of the more popular crypto-currencies. That's up 1,000% from our Dec 3rd call to buy the currency , where we guaranteed we'd accept them at 0.00044 as payment for 2018 Annual Memberships. We even tweeted that one out the same day – so there was ample chance to get in on the fun. And why shouldn't we be able to make 1,000% in a month? That's the new market paradigm these days when, as I predicted on November 29th, at this pace " We Will All Be Billionaires ." The next day (11/30) we analyzed the Dow in " 24,000 Thursday – Dow Continues Its Insane March Higher " and now the Dow is at 25,300, up 5.4% in 6 weeks. Of course, we didn't think it was sustainable and we cashed out our protfolio positions into the holiday and, since last Monday, we've been slowly building them back up – since this rally seems to be showing no signs of slowing down. While I'd much rather see a good correction before we jump in and start buying again, we also don't want to get left behind in a good rally so we're picking up values where we can – though there aren't many value stocks left these days! Not only is the S&P testing the 2,750 line but the Nasdaq 100 ( /NQ ) Futures are just under 6,700 – and that's up 10% since October! We're using the Nasdaq's ultra-short ETF (SQQQ) as our primary hedge at the moment as we really can't believe earnings are going to live up to the hype but it's not really about earnings – it's about the new tax law and what it can drop to the bottom line . IN PROGRESS
2,750 already?
It was only September when we got over 2,500 so another 10% in 4 months is a 30% annualized pace for the senior index. Back on 9/26, I asked "Is S&P 2,500 the Market’s Waterloo?" and clearly it has not been, with barely a down day since, punctuated by this year's crazy kick-off that's taking us 75 points higher (3%) for the year, so far.
Of course that's nothing compared to what's going on with our GreenCoins (GRE), which blasted up another 100% this morning on heavy volume, despite the sell-off in some of the more popular crypto-currencies. That's up 1,000% from our Dec 3rd call to buy the currency, where we guaranteed we'd accept them at 0.00044 as payment for 2018 Annual Memberships. We even tweeted that one out the same day – so there was ample chance to get in on the fun.
And why shouldn't we be able to make 1,000% in a month? That's the new market paradigm these days when, as I predicted on November 29th, at this pace "We Will All Be Billionaires." The next day (11/30) we analyzed the Dow in "24,000 Thursday – Dow Continues Its Insane March Higher" and now the Dow is at 25,300, up 5.4% in 6 weeks. Of course, we didn't think it was sustainable and we cashed out our protfolio positions into the holiday and, since last Monday, we've been slowly building them back up – since this rally seems to be showing no signs of slowing down.
While I'd much rather see a good correction before we jump in and start buying again, we also don't want to get left behind in a good rally so we're picking up values where we can – though there aren't many value stocks left these days!
Not only is the S&P testing the 2,750 line but the Nasdaq 100 (/NQ) Futures are just under 6,700 – and that's up 10% since October! We're using the Nasdaq's ultra-short ETF (SQQQ) as our primary hedge at the moment as we really can't believe earnings are going to live up to the hype but it's not really about earnings – it's about the new tax law and what it can drop to the bottom line.
IN PROGRESS
