this may well be the major decline bears have been eagerly anticipating. which is fine with me since i'm short
The markets are down this morning on that Bank of Japan decision...as you can see since they didn't act on anything and kept everything as is its being taken as a NEGATIVE because the markets wanted more stimulus and another rate cut....that's how desperate the markets have become for these free handouts ...just goes to show you just how worthless and pathetic these markets have become.
On just a BoJ let down? Unlikely... Theres still the Brexit vote in June. Depending on the outcome, they will want to recoup their losses and pump it up just a little higher before they cash out just before the period leading upto the vote and then place their straddles...
Looks like the algo's just did an encore performance of yesterday... If you didn't look at the overnight data, you'd never know anything happened with the BOJ botching their announcement again...It simply traded a tick below Monday's low in ES and then the ramp-a-thon resumed.
Amazon earnings tonight +50 or -50 after the close... Would like to short it but I know Amazon usually comes in with a miss but shows huge cloud numbers that takes the street by surprise and the stock jumps...
I bet this drop is taking a good amount off guard What is Carl ichans comments? Everything was looking like rainbows and blue skies than wham the markets started selling off. Just when you think the markets are headed for historical highs everything reverses