So sorry if you did not buy yesterday, or waited till the cash markets open. This will become more prevalent as we approach the summer doldrums.
anyone notice the difference between 100-200+ point up days versus 100-200 point down days???? on these 150 point up days the market just floats, stays plus 130-160 for hours....on down days where the market is down 150+ you can feel the volatility at every buy and sell you can feel the volatility that each passes each second, you can feel the pull and thrust of the markets, remember just a couple of days ago the dow was off 160 in the morning and managed to climb its way back erasing all of its losses. well here we are up 150 point since the opening almost 3 hours ago and the market has done absolutely nothing but stay put.... thats the difference between 100-200 point up days versus 100-200 point down days... zero volatility on up days and a whole lot of volatility on down days...
The only only only way to catch these rallies is to buy on the dips, you cannot buy the markets at the open on days like today, on days like today I sell any long positions I took on the dip...yesterday during the small rally I took 1/2 position off in XIV and today took a position off in ERX and added to DUST and DGAZ. With new historical highs ever so close though anyone long from earlier this week is better off holding since new highs should be here within days, Im thinking by Friday close or early next week the markets will be at new historical highs....
Key index levels Major Indexes Year High (Intraday) Date of Most Recent Intraday High Record Closing High YEAR highs on the left INTRADAY....on the right RECORD HIGH CLOSINGS DJ 15 Utility Average 657.17 1/28/2015 652.11 DJ 20 Transportation Average 9310.22 11/28/2014 9217.44 DJ Industrial Average 18288.63 3/2/2015 18288.63 NASDAQ Composite Index 5119.83 4/27/2015 5092.09 Russell 2000 1278.63 4/15/2015 1275.35 S&P 500 2125.92 4/27/2015 2117.69 Transports still haven't closed at a record high for 2015... last high was November 2014.... even today IYT is barely up....with a 150+ point rally IYT should be up at least 1-2%
Just like last week, we are right back where we started. I can guarantee you, yes im telling you right here right now this PENNANT FORMATION is going to breakout to the upside.
If the SP500 were down 0.85% the VIX would be up 10.00%. But it's only down 5.89%....amazing LIKE MAGIC!
of course it is....everyone has been talking about the PENNANT formation for about a month or 2 now.... new highs are coming today, I take back what I said earlier about new highs coming early next week, new highs either by the close today or the morning hours of tomorrow... ZERO RISK ALL REWARD ALL THE TIME!!! 18288 is the HIGH, 18300+ in the next 24 hours.... PROFIT FROM IT.. FREE MONEY TO BE MADE...
No one is falling for the fed to raise rates in 2015....0.30% is where most see the fed funds rate by end of 2015....in a month or 3 that will be 0%....this shows how the fed has lost every single fucking ounce of credibility .....this market is now running on borrowed time....the fed will not raise rates for next few years...and once the recession comes any rate hike will be taken back immediately that's why I predict no rate hikes for at least 5 more years ....they can't move rates up at all without interrupting this 6 year old tired bull market......there will be great lessons to be learned after the next crisis is here... The longer U.S. central bankers wait to initiate their tightening cycle, the more traders push back their expectations for when borrowing costs will start rising. On Thursday, futures contracts were implying that traders saw the fed funds rate at about 0.3 percent rate by December. That’s the lowest estimate of the year, and about half the forecast for the overnight lending benchmark that the Fed gave in March The market is essentially calling the Fed’s bluff. Traders are betting that policy makers won’t be able to raise rates this year without disrupting stocks and bonds, something that they’d really rather not do. So either U.S. policy makers will have to risk another market-wide tantrum, or they’ll give in to traders who embrace the idea of these historically low borrowing costs sticking around for longer.“In the end, the Fed is more likely to ‘cave’ to the market as opposed to ‘fight it’ by hiking when the market does not have it priced in,” Jim Bianco, president of Bianco Research LLC, said in an e-mail. The Fed still sees low rates “as beneficial and does not want to undermine all the work they have done over the past several years.” Hike Timing In the meantime, Fed members are amping up their rhetoric that yes, a rate hike is coming, yes, it’ll probably be this year, and no, it may not be an easy ride for markets.Liftoff “feels most probable somewhere in the late summer than the early summer, but early summer is not out of the question,” David Altig, research head at the Federal Reserve Bank of Atlanta, said in an interview in Madrid on Wednesday.A day earlier, Federal Reserve Bank of San Francisco President John Williamssaid the U.S. central bank could decide to begin raising interest rates at any policy meeting, and that he is in “wait and see mode” headed into the next gathering in June.The New York Fed’s William C. Dudley had some starker words for traders that same day: when central bankers make their move, they’ll usher in a “regime shift” that will stir markets. Dudley, who is vice chairman of the policy-setting Federal Open Market Committee, said the timing of a hike is uncertain. Data Disappointment While the U.S. economy is showing signs of recovery after more than six years of unprecedented Fed stimulus, some of the economic data keeps disappointing. One of the latest examples is retail sales that barely budged in April, confounding analyst projections for a small increase.As the unemployment rate has fallen to 5.4 percent from as high as 10 percent in 2009, workers still aren’t earning materially bigger paychecks or returning to their erstwhile spendthrift ways.While the global bond market has lost hundreds of billions of dollars in May, short-term debt yields haven’t changed much - - another sign investors don’t expect the Fed to end the stimulus party anytime soon. Yields on 2-year Treasuries have fallen to 0.55 percent from 0.57 percent on April 30.Fed members can keep warning traders of shocks that are soon to come, but a lot of folks just aren’t buying it.