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US Equity Markets Give Up China Rate Cut Gains
Stocks remain green but the pre-open surge on the back of a China rate cut has been erased as USDJPY rolls over...
..And it's gone...
But remains green from the cash close...
Charts: Bloomberg
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https://www.youtube.com/watch?v=zuL687HGfjI
I took a picture of the Dow and S and P heat map on CNBC at the open. All green. If today goes pear shape, I might sign up for Twitter just to mock them.
If the rally holds, it will be a reminder to stay humble and off of social media.
There is a good probability that today's rally will stick, it may even last a couple days, but the trajectory is clear right now. At the very least the "market" has to test the lows. Me, I'm layering on a small short position today and then I'll take a wait and see.
Sucker's rally. Stay away.
Did you even read my post?
I don't disagree. Sometimes I just want these manic (End of the World --> All is fixed hallelujah) fools to eat crow. I just sit back and relax with my rolling SPY puts that for the first time in 2 years have been profitable. If it takes another leg down I might just be able to tell my wife about them.
This market is gonna crush the BTFDippers and hard, we are going down in a big way.
https://www.tradingview.com/x/I6SJ7TQn/
Adding to my short.
certainly not the face melter out of the box, I was expecting. Not saying we wont get there but I thought this was a gap and go day.... Looks like its trying to fade. The only thing giving me doubts is europe is holding strong.
When Europe closes we drop...wait for it.
They are working hard trying to get this to pop but it looks like no one is having any of it. DOW is just hovering at around 300 up from yesterday.
If it won't go up they might have to call in the Yellen.
In a war, you defend your position.
Rationally or irrationally, you defend.
Is that not what's been going on since 2008?
The false civility of this war is disgusting to watch.
Right on, Custer!
Smells like Fed spirit! This baby is rolling over hard...not easy trying to prop up the setting sun.
Best I can tell the real fraud is in the Gold and Silver prices of the last 2 days.
Gonna be lots of rips so Da Boyz help each other out of positions. That 2-3 month rally in crude earlier was such an instance. Key is the process and time to absorb the Fed's castration if indeed that is the case.
Good, send this bitch down to zero where it belongs.
What kind of fail market is this when they cannot even take out the first resistance level at 1940. I was really looking forward to adding some shorts at 1975 this week for some free money.
I'm just glancing at the DOW every few minutes. Looks like they've chosen +2% as a line in the sand to stay above. For now. Jack Yellen will have to stay quick and nimble all day.
PPT better be on their toes today.
When the checkbook runs out Yellen will have to bring her shoe shine box.
There is no dishonor in stoop labor...
All the market charts and all the individual stock charts act the same. Coincidence? OMG. "One Fed to rule them all and in the darkness bind them", yes my precious.
Yellen; This is the gameplan; first we're gonna boost the market with QE1....then Q2 & Q3...and then, we are gonna boost it till the markets pass the fuck out!
WS: Excellent strategy!
The war with East Asia is going well today. I know you thought we were at war with Eurasia last week, but you are wrong. We've always been at war with East Asia.
I'm just happy it's blips on a screen and charts doing the battling for these greedy bastard bankers at the moment. When they want to start the real war they can do it with their own damned kids and themselves. I and mine will not participate.
This is only the start of Wave 4 UP and then we should see Wave 5 down by the end of the week or into next week. Be carefull out there.