SMC Update 7-25-24

Peter S&P 500 after rallying sold off at close below it’50 day MA That two days in roll closing below 50 Day ma That’s bearish is it not ?

Fight on, Peter! No giving up.

Very sorry to hear, Peter. You are stoic in the face of news that would devastate most people.

sorry to hear that. :(

Good evening Peter. Thank you for sharing this difficult news. Our thoughts and prayers are with you. Hoping for and confident in a speedy recovery.

It is always difficult to hear from someone we like and respect very much that he is stricken by cancer. I wish you all the best as for the prognosis and that you will receive the best treatment available and suited for this prognosis. Normally at your age , prostatic cancer evolves slowly and the prognosis is very good. So I will pray for you that you have still a long and fulfilling life. .

Dear Peter, That is devastating news for you, but it seems that you take it well. My thoughts are with you and your loved ones. I wish you all the best I can wish for you.

Guido van Schagen said:

Dear Peter, That is devastating news for you, but it seems that you take it well. My thoughts are with you and your loved ones. I wish you all the best I can wish for you.

Thank you so much, Guido, for your special and thoughtful message...

jeanrobert15225 said:

It is always difficult to hear from someone we like and respect very much that he is stricken by cancer. I wish you all the best as for the prognosis and that you will receive the best treatment available and suited for this prognosis. Normally at your age , prostatic cancer evolves slowly and the prognosis is very good. So I will pray for you that you have still a long and fulfilling life. .

Thank you so much!

glennopps200 said:

Good evening Peter. Thank you for sharing this difficult news. Our thoughts and prayers are with you. Hoping for and confident in a speedy recovery.

Thank you, Glen. I appreciate your thoughtfulness!

arcon00224 said:

Very sorry to hear, Peter. You are stoic in the face of news that would devastate most people.

Thank you, arcon...

jeanrobert15225 said:

It is always difficult to hear from someone we like and respect very much that he is stricken by cancer. I wish you all the best as for the prognosis and that you will receive the best treatment available and suited for this prognosis. Normally at your age , prostatic cancer evolves slowly and the prognosis is very good. So I will pray for you that you have still a long and fulfilling life. .

Thank you for your thoughtfulness!

josephk4072 said:

Fight on, Peter! No giving up.

Absolutely!

adwhartonmd232 said:

Peter S&P 500 after rallying sold off at close below it’50 day MA That two days in roll closing below 50 Day ma That’s bearish is it not ?

Peter Eliades said:

adwhartonmd232 said:

Peter S&P 500 after rallying sold off at close below it’50 day MA That two days in roll closing below 50 Day ma That’s bearish is it not ?

It's back above it as I write this, doc, but yes if it can close decisively below and also turn down the 50 day, meaning that prices are lower than they were 50 days ago. Over the next few days, that would take an SPX close below the 5300 level and we just got a closing projection below that level. We'll be watching!!