Did anyone predict an all-time high in the S&P500 in August?

Discussion in 'Stock Market' started by MarathonMike, Aug 21, 2018.

  1. MarathonMike
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    MarathonMike Platinum Member

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    I sure didn't, as late summer is notoriously slow for the stock market. We just touched the ALL-TIME HIGH on the S&P 500.
     
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  2. william the wie
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    william the wie Gold Member

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    the Dow too I think. I have moved out of most of my puts on the high holy days strategy. I don't know when the crash will happen but it is sell on the highs time for me.
     
  3. MarathonMike
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    MarathonMike Platinum Member

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    I'm curious William are you trimming long positions or selling the winners outright? Personally I'm holding long positions and trading still. It will be interesting to see if we have a small retreat now that we've touched a high point.
     
  4. Muhammed
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    Muhammed Gold Member

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    I did. But then I changed my mind.

    Fuck that!
     
  5. william the wie
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    william the wie Gold Member

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    Sept. 9-19 are the high holy days for this year. Traditionally that creates a 15% probability of a downturn as observant Jews get out of the market. Worse yet evangelicals also know these numbers and increasingly get out of the market also at this time. Also most people who have been around the market a while also batten down the hatches at this time. Then there is disagreement over whether this is a jubilee year which is even worse than a normal high holy days period. so I have bought 3 spx puts.
     
  6. BlackFlag
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    BlackFlag Gold Member

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    It's been reaching all time high's for over 5 years. So yes, probably lots of people predicted it.
     
  7. Paul Motter
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    Paul Motter Active Member

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    If you charted out the technicals you could see a trajectory that indicated August would be the month - but it was only obvious in the last couple of months - not the whole time. It took a lot longer than I expected.
     

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