SMC Update 9-11-25
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Comments (4)
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From the most recent short sale recommendation, and subsequent 160-190 point SPX rally, I was monitoring SPY puts; they are down a minimum of 65%.And that was 8 days ago. I would imagine most people are NOT shorting futures to "only" lose 2.7%(6587-6415 is not "1-2%"') So, to your point, the losses are staggering from the daily negative view. Only, "buy idea" i can recall is the Vix over the past couple of years. negative on gold , bitcoin, nvda , djia, now MSFT
From the April lows 12 trillion dollars flowed into the spx. Not once did Peter call a bottom or got bullish at any point. Actually since the October 22 lows not once was he was bullish. And did call a bottom since then not even a single time, however there was around 500 calls for tops.
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No respect for the money flows, price action, new highs, the innovation, the growth of technology in the US. And , for factual reference to the 2000 bubble: CSCO traded at about 175 p/e. and SPX was 28 p/e Twitter people keep saying we are more expensive than 2000, its simply NOT true.... we are expensive right now, but that is what a bull market is about: higher and higher prices. Its a condition NOT a short signal for the last 20-50-90%
here is my .02 cents: they will force shorts to cover/market climbs thru FOMC decision on Wednesday then you can get some pullback. maybe all the way to SPY 642-644( which is last Fri low!). Until we break 50dma in SPX or NDX the uptrend is still intact. We crossed UP thru it April 30th.
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