Energy and biotechs really feeling it today...with the market closed Friday tomorrow should be really interesting tomorrow.... Glad I sold my LABU yesterday at $7.33 Will gladly buy it again under $5.25
Fed wants market lower now...I believe they simply signal the market nowadays with their jawboning...Pick a big support area...1950?...If we get into that area, one of the round robin will say something uber-dovish to get the market to bark like a dog.
fed completely controls the market today....and yes they have been signaling more hawkish so yea I would would think while the markets closed friday (even thursday night) and through sunday night some price adjustment may be allowed....but by monday open any "bank holiday" short profits are treading on thin ice...very thin. seems spot on kommiss.... starting thursday night through sunday night es falls to 1950...then, just when we thought it was safe to short (around wed morning just before the open) the 1950 goes back to 2050 in a straight up fashion ah well, we can all dream can't we?
Now talk is for an April hike..... They are trying to prove themselves now if this rate hike were to occur...
Hard to say......IBB has had an incredible run the last 7 years...nothing but upward momentum but it looks like it's broken now...
Futures off triple digits....let's see the dip buyers come in....or maybe not....ugh sold my DXD a bit too early yesterday...
back to 2040 ES like nothing happened why bother shorting? no really...can this market make a lower low sometime this decade?
It is a "Rickshaw Market" after all...a flat market for 11 years during RTH..."Bid em ugly" at night. http://www.zerohedge.com/news/2016-...ama-traders-stocks-have-gone-nowhere-11-years
They have been very clear when rate hikes are likely coming for 15 months. In the meantime, you keep posting absolute bs that they won't raise rates, that markets will implode if they do ( 40-60% crash of indexes ), and that negative rates are just around the corner with a "guaranteed" US recession. At what point do you understand your beliefs are just horribly wrong all the time ?