If we have lots of good news and then a bad news cause the market to go up because it delays the rate hike. But if we have consecutive bad news , market should go down. So far we had mixed news.
My TNA is finally up huge...up 4% on it...looking to sell into the close...but knowing my luck I sell and it rallies another 3-5% by Friday on Greek news and jobs report...who knows...
Bonds are falling yield is going up (Bond bubble). Gold is down because dollar is weakening so Gold is almost flat in Euro . Oil is down because oil exporting countries are increasing their outputs specially recent plan by Iran. Stocks are up because of stupid buyers
Never a down day in the land of perfect, where everyday is an up day. So easy making free money in this zero downside risk market.
Im going for the easy money trade tonight, its so easy making free money when you know it's going to rally overnight.
market has tried to set new highs for 10 days now and failed alot more risk being long here than short worst case being short you can stop out harmlessly for a small loss, if your long and wrong your about to take a bath, basically your selling volatility with the vix at all time lows. The longer the market stays in a 25 point range the worse its going to be if it does eventually go down, there will be no surprises if it hits new highs, it will just be a slow smooth ride up.