Reading what you stated I almost thought the numbers were important, as you did a nice explanation of it… but then I took another Red Pill and realized that the numbers are all made up and don’t mean anything, as they simple spin it to move the market in whatever direction they want it to go.
It’s sad really, as us sheep could actually make some money in the market with technical analysis and news data reports… if they were accurate. All the studying of both TA and how certain news effects the market seems pointless when it all just a staged game of cards, and they are the house!
When even
Goldman is downplaying the end all report which is certainly not all it
is being touted to be, there is little that can be added:
BOTTOM LINE:
The ISM beats expectations and rises in June. The details of the
report, however, were weaker than the headline as more than half of the
headline increase was due to an increase in inventoriesThe
Institute for Supply Management (ISM) rises unexpectedly in June, up 1.8
points to 55.3. As the median forecast and ourselves had looked for a
decline, this is clearly an encouraging upside surprise. The composition of the report, however, was on the weaker side.
Specifically, a sharp increase in the inventories index (from 48.7 to
54.1) explained 1.1 points of the 1.8 increase in the headline index. If anything, an increase in inventories is a negative for future activity. The
remaining 0.7 point of the headline increase was due to small increases
in new orders (by 0.6 point to 51.6), production (by 0.5 point to
54.5), supplier deliveries (0.6 point to 56.3) as well as a more sizable
increase in employment (1.7 points to 59.9).
Isn’t it just amazing how obviously manipulated this is? WTF? No real market would have blasted through that resistance zone yesterday without any pullback at all! I’m just glad I didn’t go short, as it just looked too strong to risk it.
Now we know that the Fed is continuing to funnel money to the criminals unofficially. I was wondering what that “Other Assets” category was…it started to increase dramatically the last couple months.
See how good these criminals are at psychological warfare? Just last week who thought we would be right back up at 1320? Who wasn’t expecting a small rally and another big leg down? Now, we’re waiting for a small pullback before another huge rally! WOW!
POMO is done (except for dividend reinvestment of MBS garbage) and for the first time in 6 months, there will actually be a net outflow from the market.
I don’t know exactly when this market will be taken down, but it will need to be taken down farther for the criminal scum to get QE3, whatever form it takes.
Reading what you stated I almost thought the numbers were important, as you did a nice explanation of it… but then I took another Red Pill and realized that the numbers are all made up and don’t mean anything, as they simple spin it to move the market in whatever direction they want it to go.
It’s sad really, as us sheep could actually make some money in the market with technical analysis and news data reports… if they were accurate. All the studying of both TA and how certain news effects the market seems pointless when it all just a staged game of cards, and they are the house!
But, nice post anyway… thanks
When even
Goldman is downplaying the end all report which is certainly not all it
is being touted to be, there is little that can be added:
BOTTOM LINE:
The ISM beats expectations and rises in June. The details of the
report, however, were weaker than the headline as more than half of the
headline increase was due to an increase in inventoriesThe
Institute for Supply Management (ISM) rises unexpectedly in June, up 1.8
points to 55.3. As the median forecast and ourselves had looked for a
decline, this is clearly an encouraging upside surprise. The composition of the report, however, was on the weaker side.
Specifically, a sharp increase in the inventories index (from 48.7 to
54.1) explained 1.1 points of the 1.8 increase in the headline index. If anything, an increase in inventories is a negative for future activity. The
remaining 0.7 point of the headline increase was due to small increases
in new orders (by 0.6 point to 51.6), production (by 0.5 point to
54.5), supplier deliveries (0.6 point to 56.3) as well as a more sizable
increase in employment (1.7 points to 59.9).
Isn’t it just amazing how obviously manipulated this is? WTF? No real market would have blasted through that resistance zone yesterday without any pullback at all! I’m just glad I didn’t go short, as it just looked too strong to risk it.
Now we know that the Fed is continuing to funnel money to the criminals unofficially. I was wondering what that “Other Assets” category was…it started to increase dramatically the last couple months.
ES Chart: http://stk.ly/ihHSUr
This market is too resilient. It continues to advance higher and the bears continue to run with their money.
http://stockoneradar.blogspot.com
New false print on DIA indicates that they are going to either sell it off or pull it back, but we are going lower here soon.
http://marketmanipulationfun.blogspot.com/
See how good these criminals are at psychological warfare? Just last week who thought we would be right back up at 1320? Who wasn’t expecting a small rally and another big leg down? Now, we’re waiting for a small pullback before another huge rally! WOW!
POMO is done (except for dividend reinvestment of MBS garbage) and for the first time in 6 months, there will actually be a net outflow from the market.
I don’t know exactly when this market will be taken down, but it will need to be taken down farther for the criminal scum to get QE3, whatever form it takes.
Yeah, it’s still on thinkorswim, if you still use that platform. 134.46@8:44 am EST.
LOL… I was just asking you if you seen this print I posted while you were typing this response.