The Shark Tank: Closing Arguments

The comments section of James "Rev Shark" DePorre's column is an open and active forum where subscribers exchange investment ideas and tips. Here's a sample of what they shared today:

Revshark01:16 PM

feels like another high coming. We are holding up so well they are going to squeeze them again.

Revshark02:12 PM

I think this is my slowest day of trading this year.

Treejepin reply to Revshark

Yea ... especially coming off last week.

SpeedSkt102:40 PM

So ... do we get any last hour shakeup, or are we just going to go out with people falling asleep at their desks?

Stevein reply to SpeedSkt1

I would think the latter ...

The question is - if the S & P closes today above its all-time recent high of 1374.09 does it mean the end of this week was a great headfake up on very low volume and weakness will return next week or was this past Tuesday just a blip in a steady melt-up on the train to 1400 or higher

Guess we will know by the end of next week

SpeedSkt1in reply to Steve

seems to me that this market is all about QE ... and we should know what is going on with that by Tues or Weds ... Tues = FOMC and Weds = Bernanke speaks

SpeedSkt102:40 PM

at what point do we go from "squeeze, squeeze, squeeze" to "if you can't get 'em up, take 'em down?" ... i suppose the latter isn't really a possiblity in this market ... but just thought it would be fun to ask a foolish rhetorical question on Fri afternoon ... yawn

Steve03:14 PM

SpeedSkt1,

I would think if the S & P closes below 1370, from a psychological perspective it would open the door for a gap down Monday

SpeedSkt1in reply to Steve

 unless we close the futures under 1360, I don't see any downside confirmation potential