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Market Wrap – October 19

12 Responses to “Market Wrap – October 19”

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  1. Dave says:

    Chuck – You are considering shorting AAPL yet again? Please….say it ain’t so.

    Thanks for the video. It does make us feel better to know that all of those people that have been buying at 700, 800, 900, etc., are the dumb money (tops down), while those that have been short and neutral during the whole run are really the smart, bottoms up, savvy investors. Thank goodness….

  2. George says:

    Chuck, have you considered the chance that you are wrong ? Being bearish now has nothing do to with being a rebel. In my view, way too many investors share your bearish view for this market to stop moving upwards.

    Besides this, you are letting your fundamental bearish view interfere with how you interpret the charts. Classic error….

  3. andy says:

    Only emotional traders short the market leaders. We’re going into the seasonal strongest period for stocks. At the very least, if you are going go short, follow the tried and true rule of NEVER shorting a stock, that is above its 50 day simple moving average.

  4. Ryhan says:

    Chuck people are clearly losing respect for you. Is this a classic case of letting ignorance and stubborness get in the way of your trading?

  5. hdeen says:

    chuck

    watch the role out on ung

    this thing is geting killed on cantango

    if natural gas stays flat for a while yet

    ung will go down 50 %

    best

  6. Jason says:

    Ryhan speak for your self

  7. Quin says:

    I second that Jason and something tells me the first 3 posts are done by the same person.

  8. George says:

    Starting to get a little paranoid here maybe ? When you practically haven’t seen one single positive observation in the charts since S&P500 @700, something has interfered with how the charts are read.

  9. Caldera says:

    Chuck,

    Thanks for all the time and effort you put into this site and your charts.

    I believe that you are only showing us what the charts are forecasting. The first three commentators seem to be slightly bullish and clearly haven’t been around for long.

    Take care,

  10. Ryhan says:

    Speak for yourself Caldera. The only thing i have been using are the charts. And I have been profitable. I dont constantly tell myself every day that the market is going to fall. This is just plain daft!! I am a day trader. I don’t let the fundamentals get in the way of my trading or the news. Classic error.

  11. CKR says:

    If you don’t care for Chuck’s opinions Ryhan why are you here?

  12. Ryhan says:

    To give my opinion

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