s&p just made intermediate term top @ 1326.7

First time i've seen a Fed announcement on a thursday, and right before a patriotic long holiday weekend no less.

Hard to imagine the Fed wording not being conducive to lowering bond yields from the current 5.2% level on the 10 year.

 

another good call, thorn!

 

you are truly pathetic

 

Coming from you, I take that as a compliment.

 

thorn is never wrong.

 

By popular demand, thorn will enlighten as to his current market views. This is a great dead cat bounce as there were too many shorts before today. The s&p is at the upper end of its range, and thorn sees massive resistance around 1280-1290. But it may take a few more days to wash the wise guy shorts out.

July will be another great month for selling the market.

 

Is thorn ever wrong?

 

Lets hope not. I luv the volatility down here. Maybe we can skip the doldrums this year.

 

The s&p is at the upper end of its range, and thorn sees massive resistance around 1280-1290. But it may take a few more days to wash the wise guy shorts out.

July will be another great month for selling the market.