Well, it’s pretty obvious where the markets are right now. I guess it’s just time to sit and relax and wait for denouement. World Cup starts tomorrow in Brasilia so I guess kick back and enjoy.
Today was 12years 9 months from you know when……guess how many weeks we are coming up on?
well i think a select group of very wealthy well connected insider funds own the lions share of all the good stuff that they were able to get in on at bargain 2009 and 2010 prices…and sitting on huge gains.- not many middle class folks can buy anything here now..as not much is what you’d call cheap here. if i were an investment adviser for lower level millionaires just getting started..i’m not sure what i would recommend for a starting portfolio and feel real good about it.-so based on that theory..i could see the volume stay real low here..either way.- not a lot of buyers..but also very few sellers as i think the funds feel confident about holding here still with the fed policies staying in place for now.- frustrating for those of us that want some real volatility in a wide trading range.
maybe i’m wrong and we’ll be down 300 dow pts tomorrow..and then 500 pts more on thurs.- the very low vix says otherwise but ya never know. 🙂
Yeah, but on the other hand this EXTREMELY low volume means there aren’t anymore buyers up at this level and no one has hit the sell button yet. All that is needed for a nice move down is some panic from some news related item and then you’d see a nice drop happen.
Tough call here on the market gang. The volume is so light that they could easily rip this higher tomorrow even though the charts are just now rolling over and becoming bearish. So while we have a bear flag on the charts it could easily be manipulated with the light volume we are currently having.
On the bullish side the market is riding the 10, 20, 50 EMA with no signs of breaking them. So until it does we can expect the bulls to remain in control. Today’s bear flag could play out or be negated and the rally continues. I just don’t know either way.
GOLD Resistance levels: http://niftychartsandpatterns.blogspot.in/2014/06/gold-resistance-levels.html
SPX Update: http://screencast.com/t/w324hgl0g
Well, it’s pretty obvious where the markets are right now. I guess it’s just time to sit and relax and wait for denouement. World Cup starts tomorrow in Brasilia so I guess kick back and enjoy.
Today was 12years 9 months from you know when……guess how many weeks we are coming up on?
EURUSD Weekly support levels: http://niftychartsandpatterns.blogspot.in/2014/06/eurusd-weekly-support-levels.html
sounds good.- thanks.
Yep… I agree with you. We’ll know tomorrow and Thursday. Whatever low they give us I still see it happening on Thursday or Friday morning.
well i think a select group of very wealthy well connected insider funds own the lions share of all the good stuff that they were able to get in on at bargain 2009 and 2010 prices…and sitting on huge gains.- not many middle class folks can buy anything here now..as not much is what you’d call cheap here. if i were an investment adviser for lower level millionaires just getting started..i’m not sure what i would recommend for a starting portfolio and feel real good about it.-so based on that theory..i could see the volume stay real low here..either way.- not a lot of buyers..but also very few sellers as i think the funds feel confident about holding here still with the fed policies staying in place for now.- frustrating for those of us that want some real volatility in a wide trading range.
maybe i’m wrong and we’ll be down 300 dow pts tomorrow..and then 500 pts more on thurs.- the very low vix says otherwise but ya never know. 🙂
Yeah, but on the other hand this EXTREMELY low volume means there aren’t anymore buyers up at this level and no one has hit the sell button yet. All that is needed for a nice move down is some panic from some news related item and then you’d see a nice drop happen.
i agree RDL.-feels like we are not going very far either direction at the moment. no engine,no sail and no wind.- hopefully that will change soon.
Tough call here on the market gang. The volume is so light that they could easily rip this higher tomorrow even though the charts are just now rolling over and becoming bearish. So while we have a bear flag on the charts it could easily be manipulated with the light volume we are currently having.
On the bullish side the market is riding the 10, 20, 50 EMA with no signs of breaking them. So until it does we can expect the bulls to remain in control. Today’s bear flag could play out or be negated and the rally continues. I just don’t know either way.