Looks like there’s still a buyer’s strike and the indices are following the dollar like lemmings. If I were Trichet, I would lock the EUR/USD at $1.30 for just one day to show all naysayers what a BS rally this has been.
Oh and i forgot to mention that there will be POMO on 25th 26th 27th AND 28th which basically means that they are doing everything to float the market all the way till the eleactions
Well things started to move upwards during the Bernanke speech at 9.30 following that existing home sales turned in a way better number.
Previous 4.12 M
Forecast 4.25 M
Actual 4.53 M
Overall since the closing bell on friday which had the DJ30 at 11090 till just now there was a strong run coming in from asia and london side which topped out at about 11180.Not surprising that they tested that level again.
Did buy me puts at spx 1195, looks like i was off 1.14
Looks like there’s still a buyer’s strike and the indices are following the dollar like lemmings. If I were Trichet, I would lock the EUR/USD at $1.30 for just one day to show all naysayers what a BS rally this has been.
Nice.
Oh and i forgot to mention that there will be POMO on 25th 26th 27th AND 28th which basically means that they are doing everything to float the market all the way till the eleactions
Well things started to move upwards during the Bernanke speech at 9.30 following that existing home sales turned in a way better number.
Previous 4.12 M
Forecast 4.25 M
Actual 4.53 M
Overall since the closing bell on friday which had the DJ30 at 11090 till just now there was a strong run coming in from asia and london side which topped out at about 11180.Not surprising that they tested that level again.
Apple hits the resistance line: CLICK HERE
Was there any news out to cause this rally? Did Obama, Geithner, and Bernanke all turn themselves in for the criminals they are?
LOL… yes, even a stopped clock is right twice a day.
I’d say they are just late fills as they match up with the closing price.
Red, you seeing those SPY “spikes” down to the 118.35 level? Got 3 so far….