Hello Readers
Its amazing how one stock can crank the market into gear.
Anyway my work shows APPL will surprise and so will GOOG.
The astrology on the day is just to strong not to surprise.
I havent done the horoscopes on the stocks, just the overall day.
The market is continuing to suck the bears into toppy theories while fund managers are accumulating stocks and positions.
As much as the bears want this market to go down with P/E at 14 they will struggle to see traction.
Note the average is usual 16.5 which price wise is around 1665 S&P.
Yes a good 200 point off.
Sure the market will have down days but you need to be humble and take your profits when your short.
I guess to be fair to the bears it depends how much you think the S&P will earn so, do your homework.
I met up with some fund managers friends last night.
Interesting conversations, but the bottom line was everyone was very bullish.
The professional money is happy to catch the dips, while the public money is either not participating in the market or selling thinking the market will go down.
Amature traders need to stop looking at the VIX as computer programs have floored this public indicator of fear.
Those who are true believe might want to start looking at volatility indicators of sectors to get a better gauge rather than the VIX as a whole as it is distorted.
I'm pleased and excited at the fact that the softs (cotton and coffee)and the grains are not looking back.
While I have been talking about these contracts now for over a week I can assure you all and MA's know that we don't have any positions in these contracts as yet.
The Mercury into Aquarius on Saturday is the sealer to the move and I'm excited as there is no test of the bottom.
Sure we didn't buy the lows but we are not playing for 10 or 15 handles, we are playing for much more.
I had a look at the options today on the NASDAQ and we cant play them as the volume is very thin for us.
So we might just play the futures and maybe some ES calls.
Please note options expire on Friday the January so I cant see the market running too far from the 1465-1470 level..
Nice move in the metals today able to hold on with some small negative astrology, I guess the Bundesbank calling up there gold might have something to do with it...LOL
So what happens now?????
Well if the gold is there no issue!
If its not then expect the fed will do what is required and attack the metal with its broking affiliates and comments.(talking up the dollar).
I so hope this isnt going to happen because if it does gold will have $150 down day or more but from what point not sure.
Market pulled back in the last hour and should do so a little more after the close.
Chance comes to the prepared mind
As always use this blog as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor more on the above .
Past performances are no guarantee for future performances.
Its amazing how one stock can crank the market into gear.
Anyway my work shows APPL will surprise and so will GOOG.
The astrology on the day is just to strong not to surprise.
I havent done the horoscopes on the stocks, just the overall day.
The market is continuing to suck the bears into toppy theories while fund managers are accumulating stocks and positions.
As much as the bears want this market to go down with P/E at 14 they will struggle to see traction.
Note the average is usual 16.5 which price wise is around 1665 S&P.
Yes a good 200 point off.
Sure the market will have down days but you need to be humble and take your profits when your short.
I guess to be fair to the bears it depends how much you think the S&P will earn so, do your homework.
I met up with some fund managers friends last night.
Interesting conversations, but the bottom line was everyone was very bullish.
The professional money is happy to catch the dips, while the public money is either not participating in the market or selling thinking the market will go down.
Amature traders need to stop looking at the VIX as computer programs have floored this public indicator of fear.
Those who are true believe might want to start looking at volatility indicators of sectors to get a better gauge rather than the VIX as a whole as it is distorted.
I'm pleased and excited at the fact that the softs (cotton and coffee)and the grains are not looking back.
While I have been talking about these contracts now for over a week I can assure you all and MA's know that we don't have any positions in these contracts as yet.
The Mercury into Aquarius on Saturday is the sealer to the move and I'm excited as there is no test of the bottom.
Sure we didn't buy the lows but we are not playing for 10 or 15 handles, we are playing for much more.
I had a look at the options today on the NASDAQ and we cant play them as the volume is very thin for us.
So we might just play the futures and maybe some ES calls.
Please note options expire on Friday the January so I cant see the market running too far from the 1465-1470 level..
Nice move in the metals today able to hold on with some small negative astrology, I guess the Bundesbank calling up there gold might have something to do with it...LOL
So what happens now?????
Well if the gold is there no issue!
If its not then expect the fed will do what is required and attack the metal with its broking affiliates and comments.(talking up the dollar).
I so hope this isnt going to happen because if it does gold will have $150 down day or more but from what point not sure.
Market pulled back in the last hour and should do so a little more after the close.
Chance comes to the prepared mind
As always use this blog as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor more on the above .
Past performances are no guarantee for future performances.
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