the S$P has gone straight up since the opening without any pullback, sitting at intraday highs.....Has not pulled back once since the opening.....intraday highs every 3-5 mins.
Now why is the market up...simple, the federal reserve runs the market...plain and simple. Economic data, earnings, nothing matters. The federal reserves biggest nightmare is Rand Paul. If he even looks like he going to win, the federal reserve will crash the markets. Why do you think they have taken full control of the markets. That's there leverage, there big stick.
Bought SOXL today at 130 just sold it at 132.75... Will buy it back under $130 again today or sometime this week Bought back into SPXS at $19.15 1/3 position also bought more JDST around $9.20 this morning, average cost now $9.62!
The worse the news the higher the markets go, plain and simple, its all because the fed controls the markets, missed job numbers, lower ISM, earnings growth falling and the markets cheer because that means many more years of Zero interest rates and zero interest rates means the bubble can keep growing and growing, a slow down and more QE4 for the elite.....how do you think these last 2-3 decades of gains have occurred, all through asset bubbles, no such thing as true organic economic growth any more its all fed induced and I hope one day people wake up to the reality of this, by that time though it will be too late, global markets will have already fallen over 50% by that point and the next crisis will be 100X larger...bigger than any other crisis we have ever seen before....
Buy anywhere it matters not, it will go higher. They just will not let the market correct. There is ZERO risk.....NO STOP LOSS NECESSARY....just buy more, and hold on because some fed mouthpiece will soon be out to jaw bone the market right back up. BUY BUY BUY MAKE FREE MONEY $$$$$$$$$
When the markets show any sign of weakness, we get a rate cut somewhere in the world, or some central bank official makes some mention of more QE. ANYONE WHO IS SHORTING IS FIGHTING A LOOSING BATTLE FOR NOW.
not one pull back, since the open its been straight up, unless the last hour we get some kind of pullback I see the markets closing at intraday highs, now tomorrow who knows, a dow above 18,000???? Seems like that...