Well, looks like tomorrow is the big day. There should be some wild moves after the 2pm minutes… especially if they don’t raise rates. Whatever happens I’ll be looking to short it into next week.
Who’ really knows which way they will take this thing from manipulation short term. We all know it is going down due to loss of control with economies deteriorating throughout the world on a daily basis. The time has come to pay the piper. As stated here a couple weeks ago the miners (NUGT,GDX) are the safe haven and are on target for your next explosive move. Still like oil and fear index too.
Equity markets were deeply oversold, near the lower (-2sigma) Bollinger Band.
Yesterday, we got a bullish (contrary) signal from the options markets.
And this morning we got the follow-through, at least in terms of price.
The internals still do not look so solid.
New lows outnumber new highs almost 3 to 1.
Only 25% of stocks are above their 50dMA.
Only 27% of stocks are above their 200dMA. http://finviz.com/
Funny we hit 2008.33 then backed down………..2008 crash 33 free mason number…………Are we headed down??
Well, looks like tomorrow is the big day. There should be some wild moves after the 2pm minutes… especially if they don’t raise rates. Whatever happens I’ll be looking to short it into next week.
I think next Feb/March we’ll see the crap really hit the fan in the market.
Who’ really knows which way they will take this thing from manipulation short term. We all know it is going down due to loss of control with economies deteriorating throughout the world on a daily basis. The time has come to pay the piper. As stated here a couple weeks ago the miners (NUGT,GDX) are the safe haven and are on target for your next explosive move. Still like oil and fear index too.
Wednesday, September 16th 2015 ES Futures Morning Update: http://screencast.com/t/4CnnAact
Midday ES Futures Update: http://screencast.com/t/iwwbCwqBM
Yep… all the more reason to rally I think.
Equity markets were deeply oversold, near the lower (-2sigma) Bollinger Band.
Yesterday, we got a bullish (contrary) signal from the options markets.
And this morning we got the follow-through, at least in terms of price.
The internals still do not look so solid.
New lows outnumber new highs almost 3 to 1.
Only 25% of stocks are above their 50dMA.
Only 27% of stocks are above their 200dMA.
http://finviz.com/
https://twitter.com/tradethecycles/status/643540337445613568
Weekly Returns for SPX Past 10 Years: https://pbs.twimg.com/media/CO3viRHVEAA3OlM.png:large
Hey Zstocks… how you been old buddy?