Up into mid-april. Support 1162, 1152, 1092, 1060 FED said the best way to make jobs is to push the broad equities market higher!!!
RES *S&P FUT 1167.30 +3.80 +0.33% *DOW FUT 10825.00 +27.00 +0.25% *NAS FUT 1954.25 +2.50 +0.13% Futures still up around a 1/3 of a percent, by 7am should be up about .40%-.50% and by morning the rally begins again. Keep those rally caps on, DOW 11k is coming shortly.
*S&P FUT __1169.20__ +5.70 __+0.49% *DOW FUT __10839.00__ +41.00 __+0.38% Little pushes higher throughout the night lead to big gap ups by the opening bell.
*S&P FUT __1170.00__ +6.50 __+0.56% *DOW FUT __10845.00__ +47.00 __+0.44% *NAS FUT __1961.75__ +10.00 __+0.51% And the rally continued.
Here we go. Another day of up up up moves, and the shorters who get their butts handed to them day in and out because they refuse to accept that the market is rigged. Buy everything that looks like a dip. Keep positions smaller than usual and stops tight. As always.
Based on bond action last week, it won't be long until there is an "engineered" flight out of risky assets and into safe haven. Otherwise rates will be too high for Timmah's comfort.
I like ECRI's boom bust cycle analysis today. The turd can't fall if FED buys 19 billion Big SPUS. But when it does bingo. I'm liking the increased volatility forecast for YEARS TO COME. Come to PAPA!!!
Jam the market higher and keep it afloat the rest of the day, never seems to amaze me. Same thing over and over again.