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Re: Uh oh

jkenjohnson said:
I think his point was - the market is overextended based on QE and people will soon realize that, and subsequently we will get the highly anticipated correction.
Click to expand...

Correction
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Your killing me Ken...
 
Re: Uh oh

Good Morning Bulls. I can only assume the Bears are hibernating...

Futures up, VIX down (slightly... for now), earnings beats (albeit on lowered expectations), low market volume, and plenty of bull giddiness...

So, 1700 today, who knows what happens after that... heck, I know I don't...

 
Re: Uh oh

RealMoneyIssues said:
Good Morning Bulls. I can only assume the Bears are hibernating...

Futures up, VIX down (slightly... for now), earnings beats (albeit on lowered expectations), low market volume, and plenty of bull giddiness...

So, 1700 today, who knows what happens after that... heck, I know I don't...

Click to expand...

It's nice to finally be making some money.
 
I went cash in the last of my equities yesterday. I was 50/50 until last night (100% G in TSP as of July 5th). Wish I could say I had a crystal ball, only used the market Euphoria/Magazine Cover charts to pick the date to go cash to start fresh with rollovers from scattered mutual funds whenever I can get my act together.

I have one IFT left in TSP.
 
StockTiming.com Today's Stock Market Charts and Graphs. Get your free...

How a Reduction of Institutional Selling impacts the stock market:
Last week we posted an update showing how Institutional Investors where in a definite down trend of selling activity. The problem with this nice looking scenario, was that Institutional Investors were "NOT doing any new Buying".
That said two things:
1. That they were NOT adding to their previous basket of holdings, and therefore their "real Accumulation" levels had stopped expanding.

2. That by continuing to decrease their daily amount of selling, they were "allowing" the market to rise on the Inflowing Liquidity injected by others.
This lack of buying participation suggests that, when they do finally decide to sell or go into a profit taking modality, that they will have to do it quickly. If that is the scenario that unfolds in the coming days, then the market will have a sharp and/or quick retreat.
FYI ... the chart below show's the down trend in Institutional Selling that has been going on since June 27th. This relief of Selling pressure has allowed the market to rise without the interference of Institutional Investor selling.

algo.png



That would have been a heck of a reason to NOT short the market on the 28th of June... just saying...
 
Markets are mixed this morning, but the enthusiasm over the FB earning beat is probably going to cause a lot of dip buyers (aka retail investors) to jump in this morning. Most likely the gap down will be filled quickly and then who knows.

Emotionally I want the market to start a corrections (one is WAY over due), but technically there isn't a lot of evidence (and any evidence that is out there is not confirmed or corroborated) that a correction is eminent...

Small caps are getting a big boost off of their larger/mid cap technology brothers, so unless something

The bears are still hibernating, as any selling in this market has been from institutions selling for some profit. Volume was a little better yesterday, but with the low volume market we are in, POMO in full force (and no end date in sight), then we can only expect higher prices for equities.

Good luck everyone!! (especially bears, you are still getting skinned alive)

P.S. Gap was filled on SPX as I was typing this post... now we need to see where it goes...
 
Get back from lunch (and an oil change) and voila', the markets did an about face and are now at the day's highs.

I guess all the banks got their free money from Big Ben (POMO is 4.25-5.25 billion), and really didn't want to have a 3rd down day... end result, more buying... Volume is still low, so it is probably the institutions just trying to pump the markets so the retail investor doesn't get cold feet and stop buying (albeit at all-time market highs - isn't that what we are supposed to do - buy high, sell low)...

Another frustrating day for bears as they came out of their caves this morning hoping for a ray of sunshine, only to see their day pissed on from the bulls...

Well, for those of you still in short ETFs or in volatility ETFs, it is almost looking like all hope is gone... maybe it is time for you too to give up and keep from more losses... right?

Good luck to all the bulls in the bear rug factory, and all the very cold bears trying to regrow their fur.
 
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