Here it comes.. It may be short, it will be sweet (if you're short)... but it's coming here, now, today, tommorrow, maybe the day after... Don't know how long it'll last, where it's gonna go (target 1464.75 ES)... Why? Combination of my technicals and the screaming bond yields...
there has been little correlation between the 10 year shit and stocks UNTIL last week for some reason.
I'm not happy until I see CURBS IN one of these freegin days so I can bail on my DXD. F'n bulls will recover all 100 points+ tomorrow probably....
This price action doesnt concern you? Large mkt orders wiping out levels in the ES, not a sign of good things I would think. And these arent small retail orders, these are 2000 lots
Can't wait to hear some BS about 13,300 support or something. We need to go to lows of session into close and follow through tomorrow for the bears
With all due respect...the normal stock/bond correlation has been absent over the last 5 years... it started to come back a bit a few weeks ago (stocks up, bonds down, and vice versa)..but has since faded into a bonds down, stocks down situation... This is the prelude to something very very very very big...but then again, I'm usually wrong.. 1506, 1490, 1480 then 1464... But that's not a big move...I would like it..
Housing and discretionary spending is toast in the US. TOAST. Mark my words you will see the worst retail sales numbers ever over the next few months.
I think the flash NZ hike, Japan likely to hike, etc. is causing a bit of uneasiness even if it's not causing a mad unwinding of the carry trade. Raise looking more likely here too. Bernanke should have no unease about raising rates. One thing is certain, his wording at the next meeting will certainly be more bearish for markets than it's been.