OH God, now I get it... haha,,, at least we can have some fun while the markets go NOWHERE! all this chop! but of course the headlines "market hits new all time high" PLEASEEE !!!
Anyone know why volume on the e-mini has been lower than the 1.5 million contracts per day that you usually see? Summertime? Thx.
Yaaaa know.... (I can see the eyes rolling now lol) ("here we go") The conspiracy lover in me says that on 7/15 Trumpy was bold enough to Tweet a picture of the markets' close. I'm sure they were all time highs that day; I mean which day haven't they been right? And several times he has bragged about this. Now we all know how Trumpy hates to lose... or get egg in his face. Imagine if there was a 5% correction. Like 1000 Dow points. Do you know how stupid he'd look? Its not gonna happen. His little cadre of bankers and GS players, and Wiiilbuuuuur (you Mr Ed fans get that one ) and everybody else... are so connected to the real players. Its all controlled short term. It really is. I bet money they know exactly where the Dow will close at the end of each month going forward for at least the next 6 months. The DJIA is comical. It really is the leader of the band; .... and its the most easy to manipulate. You have 30 stocks that they can control with algy's that know when, and how much to buy of any given component(s) at any given instant to move that f'r any direction by any number of points. Pretty easy when you manage billions and billions of dollars and the trading house down the street that also manages billions and billions of dollars is run by those in your elite circles. Sure there's divergence between the averages sometimes, yesterday was a good example, but if the Dow jumps 300 points, somehow or the other the Naz and S&P will find a way to follow. They always have. Same goes for sell-offs. If an unexpected black swan hits... well hey, you can't blame Trump for that. No egg in the face there. Soooo.... bottom line... they know. And they share. Just like any of you would whisper to your best friends. These folks are connected at the highest levels. And I mean THE highest levels. I called a top last week at 2460. I never would have posted that had I kept up with Trumpy's Tweets and saw that one on 7/15. (still there btw... from Fox News) That tells me all I need to know. We will continue upward. With chop. But upward we shall go.
So all that being said... tomorrow one of my favorite stocks reports. I've never owned/traded it once in all these years .... but its the crystal ball into everything macro. CSI this one and you'll know whats up. Cars, grains, lumber, chemicals, aggregates.... etc etc. Union Pacific. (UNP) One of the best barometers there is. My guess.... Watch em come in strong and gap up. The markets will follow. Trumpy needs em.