just another head fake down, we have seen this a thousand times, every single time the s$p looks like its going to break support it jumps right back up, 2063 is support next 2040, if it breaks below that next support is below 2000 at 1970, I have said many times OCTOBER 2014 lows are coming, it seems its taking forever though because every time their is this little dip that you think is going to be major correction they prop it right back up, it has happened so many times I have lost count, so keep in mind this is just another little dip, the s$p should be sitting very pretty above 2100 in the next few days...
dow off 200+, wonder if this is catching anyone buy surprise.....Im sure the fed is changing their minutes as this market falls to no rate hikes until 2016, trust me the fed will bow to wall street, they will not let wall street sink, if it does then QE4 is on the WAYYYYYYYYYYYYYYY
haha, Im telling you, thats what is happening right this second, minutes are being changed ahead of the release, thats what the fed does.....by this afternoon you will see how dovish and beautiful the fed minutes are, a september rate hike hahahahah, yea okay, wall street is crying like a little bitch today knowing the possibility of a september rate hike is only days away, well its only been 10 years since they raised rates, I mean how long are they going to keep the bubble going, time to raise them, don't fucking being stingy either, lets get a .25% increase in september and another .25% in December, but knowing the fed they will keep rates unchanged in september and offer for the first time ever in history a .10% move yes .10% not a 1/4% move but a .10% move. Thats even if they move at all, with China falling apart and world economies slowing the fed will back off in raising rates and I will continue to repeat myself like a broken record.
I tried a long on some calls with a relatively tight stop and got stopped out. Might just leave it alone for today, I am bearish overall
Oil is going down today, dropping near $40, if it drops below $40 a barrel wall street is going to sell off even more. Wonder if gas near me is going to fall 3% today after oil is touching new 6.5 year lows??? nahhhh, its probably the same $3 I paid last week and have been paying for since the price of oil has fallen over $10 a barrel, guess will have to wait until $10 oil to pay $2.00 at the pump....