I’m selling my longs into this today. The market will have to breakout to new highs for me to go long again. Prove it, market! Long weekend and that Greece stuff isn’t over yet. This could be a huge headfake to suck us all in and it looks like it’s working, OR,…I am dead wrong. I have been before. LOL!
If XLF breaks $15.80,..essentially busting through the 200 DSMA abd the upper downtrendline, you better strap yourselves in. The markets have been led down by the financials and Nasdaq and the Nas has already reaquired the 200 DSMA.
Yelp… you are absolutely correct, the internet evened the playing field as the retail trader got the same data as the big institutions… and they couldn’t make money that way. So, they have to lie about the data, and have fore knowledge of it, so they front run it. Gangsters! Hang’em All…
Red, in the 90’s the retail investor (with the use of the internet) changed the game. The institutions had retail in the dark with no way of making money in the market on a short term basis. They were caught off guard and now the big banks have changed the game by working with the government and media to use diversional tactics which includes outright lies to make the market a casino for the retail traders. These reports that are sooo important are fibbed when they want them to be. A nice tactic I like is how they “revise” the numbers of the previous report that was already traded on. A nice way of softening a poor report. It’s a joke and eventually this house of cards will collapse, probably when enough retail 401k mutual fund money is back into stocks. One thing is for sure, when D-day comes, this market will fall violently before the sheep can get on the phone. Until then,…either go long or wait.
The
Institute for Supply Management’s factory index unexpectedly rose to
55.3 in June from 53.5 the prior month, the Tempe, Arizona-based group
said today. Economists projected the gauge would drop to 52,
according to the median forecast in a Bloomberg News survey. Estimates
of the 77 economists ranged from 49 to 55.Other figures today
showed manufacturing growth is slowing from China to Europe. China’s
factory index fell in June to the weakest level since February 2009,
while in the 17-nation euro area, a gauge slipped to an 18-month low.
German manufacturing expanded at the slowest pace in 17 months, while
Italy, Ireland, Spain and Greece contracted.
This is nuts! Almost to the 134.46 spy FP!
I’m selling my longs into this today. The market will have to breakout to new highs for me to go long again. Prove it, market! Long weekend and that Greece stuff isn’t over yet. This could be a huge headfake to suck us all in and it looks like it’s working, OR,…I am dead wrong. I have been before. LOL!
What about the 134.46 spy print? It hasn’t been hit yet…
Woo, I bet they’re scared on Wall St. now…
Print Watch is issuing a print hit signal which means a trend change of some scale is imminent.
An IYR print hit that was posted a month ago.
Just went short. Going to slap this market silly as of tuesday morning!
If XLF breaks $15.80,..essentially busting through the 200 DSMA abd the upper downtrendline, you better strap yourselves in. The markets have been led down by the financials and Nasdaq and the Nas has already reaquired the 200 DSMA.
Yelp… you are absolutely correct, the internet evened the playing field as the retail trader got the same data as the big institutions… and they couldn’t make money that way. So, they have to lie about the data, and have fore knowledge of it, so they front run it. Gangsters! Hang’em All…
Red, in the 90’s the retail investor (with the use of the internet) changed the game. The institutions had retail in the dark with no way of making money in the market on a short term basis. They were caught off guard and now the big banks have changed the game by working with the government and media to use diversional tactics which includes outright lies to make the market a casino for the retail traders. These reports that are sooo important are fibbed when they want them to be. A nice tactic I like is how they “revise” the numbers of the previous report that was already traded on. A nice way of softening a poor report. It’s a joke and eventually this house of cards will collapse, probably when enough retail 401k mutual fund money is back into stocks. One thing is for sure, when D-day comes, this market will fall violently before the sheep can get on the phone. Until then,…either go long or wait.
The
Institute for Supply Management’s factory index unexpectedly rose to
55.3 in June from 53.5 the prior month, the Tempe, Arizona-based group
said today. Economists projected the gauge would drop to 52,
according to the median forecast in a Bloomberg News survey. Estimates
of the 77 economists ranged from 49 to 55.Other figures today
showed manufacturing growth is slowing from China to Europe. China’s
factory index fell in June to the weakest level since February 2009,
while in the 17-nation euro area, a gauge slipped to an 18-month low.
German manufacturing expanded at the slowest pace in 17 months, while
Italy, Ireland, Spain and Greece contracted.