I am long S & P this week, anyone else?
I'd say its about to roll over here. I'm expecting nothing but sideways volitility all year long probably ending with a net negative in the end. Unless we get QE3, of which there are rumors going around about it happening. I don't really see any reason for the market to be going upwards other than just speculative volatility which will bring an equal amount of downside or by QE3.
There is supposed to be some eu meeting with merkel and sarkozy this week which may spark some movement, but even towards the end of last year those little pow wows they were having weren't really having the effect on the market that they once did. It turns into a bad thing when they keep having to have meetings to "save europe", lol. They pretend like if the euro dies, every european dies with it, thats the globalists for ya. If their plans are so effective, why do they have to have so many of them?
Last week and this week have been great trading weeks for me, the price action hasn't been too schizo. That or maybe I've just gotten used to it. It does seam like a healthier action though.