It’s looking more and more likely that this week will be the “chop” fest, designed to get the bulls onboard, and the bears off. So yes, I could see it holding up and rising a little more with the gangsters preaching at the state of the union meeting.
red,
they could be melting us up till tuesday to that intraday FP of the spy…. the diverging indexes (dow vs all others) is a classic major top behaviour
Its sad that the FREE markets have not been in operation for quite some time. Here is a good read….one of my favorite bloggers and he is trader….not some biased one way (bull or bear) guy.
http://www.safehaven.com/article/19670/gold-and-spx-both-faked-it
DOW +120
those big POMO’s really work!
I like to think the scared money is running to the blue chips haven.
yeah.
well the DOW is up 1%
and the SnP is up 0.3%
it’s a bit harder to push up broader indexes, si?
Well, we should have expected them to go tag the 12,000 mark again… especially since they won’t be seeing it again for many more years.
It’s looking more and more likely that this week will be the “chop” fest, designed to get the bulls onboard, and the bears off. So yes, I could see it holding up and rising a little more with the gangsters preaching at the state of the union meeting.
We are up 111 point now! LOL! This is crazy!
agreed.
and once the last bear gives up, and the last bull jumps on…
ya know the story.
fluffy unicorns & rainbows.
no economic news releases today.