America is becoming a 3 world country… Incredible. I think is on purpose they are doing this. They are Robbing america, wash the money on the markets and then when america colapse that will cover their trails… Incredible. Good luck americans, you will need it.
Red,
I am bullish! Bullish I say! bullish for the Quant Spider Bots at least.
we could still do another 6% or 8% up from here, or a frog boil with occasional ramp until elections, which could be even more, and then a push to year end so the poor little banksters and HBB pimps can get their needful deserts.
Or we could tank like a sun-a-gun on the new moon….hmmmm when is that.
I’d like to think “No POMO” means the market is free to fall, however, I’ve followed market actions of the Fed before, and just because they take a break doesn’t mean anything (sadly). The same POMOs happened last year and once they stopped the market didn’t lose much ground at all for some time.
As long as people EXPECT the fed to keep pumping money in, then the market will continue to melt higher. I tend to believe POMO days are as much about people’s expectations about the Fed printing money as actual money being pumped in by the Fed. In other words, they don’t have to commit any money to the markets to get a pop, as long as everyone believes they are pumping money in, which I think is a lot of the market behavior you see today.
I am bearish and still holding bearish positions. I can easily make a bearish case but price action continues to defy all calls for a PULLBACK let alone a new downtrend.
The biggest fear is getting into short positions too soon, and getting shaken out at the top. For a couple reasons, I’m still hanging on, but I might have to hedge a little here soon if this thing keeps popping. If it hits 1200 I can’t really make the bear case anymore.
CRM (Salesforce.com) looks like its following the Cramer Codes. It had a little Black Wednesday today. Just looking at some of these tech stocks, it’s apparent that the rest of the market should follow anytime.
Nasdaq big dogs breaking down. Open down to a new multi-day low and Citrix Systems took out about 2 weeks of bars today. Apple with a doji close masking the internal weekness. Today was also that key 67day cycle from the July 1st lows.
Dow Jones resistance levels broken
S&P 500 Futures before opening bell: CLICK HERE
America is becoming a 3 world country… Incredible. I think is on purpose they are doing this. They are Robbing america, wash the money on the markets and then when america colapse that will cover their trails… Incredible. Good luck americans, you will need it.
Red,
I am bullish! Bullish I say! bullish for the Quant Spider Bots at least.
we could still do another 6% or 8% up from here, or a frog boil with occasional ramp until elections, which could be even more, and then a push to year end so the poor little banksters and HBB pimps can get their needful deserts.
Or we could tank like a sun-a-gun on the new moon….hmmmm when is that.
The currency games are getting large.
New post
I’d like to think “No POMO” means the market is free to fall, however, I’ve followed market actions of the Fed before, and just because they take a break doesn’t mean anything (sadly). The same POMOs happened last year and once they stopped the market didn’t lose much ground at all for some time.
As long as people EXPECT the fed to keep pumping money in, then the market will continue to melt higher. I tend to believe POMO days are as much about people’s expectations about the Fed printing money as actual money being pumped in by the Fed. In other words, they don’t have to commit any money to the markets to get a pop, as long as everyone believes they are pumping money in, which I think is a lot of the market behavior you see today.
I am bearish and still holding bearish positions. I can easily make a bearish case but price action continues to defy all calls for a PULLBACK let alone a new downtrend.
The biggest fear is getting into short positions too soon, and getting shaken out at the top. For a couple reasons, I’m still hanging on, but I might have to hedge a little here soon if this thing keeps popping. If it hits 1200 I can’t really make the bear case anymore.
here is an interesting take if you have not seen it:
http://www.youtube.com/watch?v=mjdCqKbZeh4&feature=player_embedded#at=126
S&P 500 Analysis after closing bell
CRM (Salesforce.com) looks like its following the Cramer Codes. It had a little Black Wednesday today. Just looking at some of these tech stocks, it’s apparent that the rest of the market should follow anytime.
Nasdaq big dogs breaking down. Open down to a new multi-day low and Citrix Systems took out about 2 weeks of bars today. Apple with a doji close masking the internal weekness. Today was also that key 67day cycle from the July 1st lows.