Honest Question for the Bulls....

If this is truly a game changer and the beginning of an enormous move up, why is the S&P up about 20 points and not 40-50? Now that might change by the end up the day, but for now this is not very impressive. Commodities I admit are ripping higher but they are so much lower than their peak compared with equities that today's move doesn't really do anything. I mean oil is at $82 AFTER its huge move higher. The 10 year bond is at 1.67%. Read this last sentence over and over again and ask yourself what major pools of money are positioning themselves for next.

If this is truly a game changer and the beginning of an enormous move up, why is the S&P up about 20 points
and not 40-50? Now that might change by the end up the day, but for now this is not very impressive.


Commodities I admit are ripping higher but they are so much lower than their peak compared with equities that today's move doesn't
really do anything. I mean oil is at $82 AFTER its huge move higher.



The 10 year bond is at 1.67%. Read this last sentence over and over again and ask yourself what major pools of money are positioning themselves
for next.

hahaha

If this is truly a game changer and the beginning of an enormous move up, why is the S&P up about 20 points
and not 40-50? Now that might change by the end up the day, but for now this is not very impressive.


Commodities I admit are ripping higher but they are so much lower than their peak compared with equities that today's move doesn't
really do anything. I mean oil is at $82 AFTER its huge move higher.



The 10 year bond is at 1.67%. Read this last sentence over and over again and ask yourself what major pools of money are positioning themselves
for next.

bool trap ?

If this is truly a game changer and the beginning of an enormous move up, why is the S&P up about 20 points
and not 40-50? Now that might change by the end up the day, but for now this is not very impressive.


Commodities I admit are ripping higher but they are so much lower than their peak compared with equities that today's move doesn't
really do anything. I mean oil is at $82 AFTER its huge move higher.



The 10 year bond is at 1.67%. Read this last sentence over and over again and ask yourself what major pools of money are positioning themselves
for next.

I see all this as potential. If somebody would have told you that $SPX was at 666 in 2009, would you have thought that it was a great buying or selling opportunity because the market had fallen so much. Oil can go back above 90 before this is over.

If this is truly a game changer and the beginning of an enormous move up, why is the S&P up about 20 points
and not 40-50? Now that might change by the end up the day, but for now this is not very impressive.


Commodities I admit are ripping higher but they are so much lower than their peak compared with equities that today's move doesn't
really do anything. I mean oil is at $82 AFTER its huge move higher.



The 10 year bond is at 1.67%. Read this last sentence over and over again and ask yourself what major pools of money are positioning themselves
for next.

I posted my forecasts http://www.traders-t...mp;#entry625224

So, if you ask me is this the beginning? No, this is not the beginning. For me, the beginning was at 1270 as the bottom. But, since we cannot time the bottoms perfectly, we do it after the fact and that is what my system did. I got ST buy 30 points lower than here, VST buy 35 points lower from here. I would take partial profits but still be long. Or even full profits VST. But, no shorting, not yet.

Yes, commodities are lower for a reason. In the last 6 months, I reiterated (most of it on your threads!!) my stance for this whole year for the commodities many times before.

Edited by DrSP, 29 June 2012 - 09:33 AM.

If this is truly a game changer....?

Serious Answer: "No" The short term swings have been massively violent due to a news cycle on steroids, but the "game" or as we like to say "context" has not changed. It has been and remains a Primary Bull Market:

http://stockcharts.com/c-sc/sc?s=$SPX&p=M&yr=12&mn=6&dy=0&i=p75423767004&a=181755078&r=533.png

DUPE POST

Edited by IYB, 29 June 2012 - 11:36 AM.

IYB says a primary bull. But one without volume (summer?), and very little leadership (in fact, they shot a few today), then there is the Cliff ahead.

Will the Road runners pushing the window dressing today, notice the bridge is out?? Or is it a run away train?

Pareto noted that 20% of the market
accounted for 80% of the movement (no he said something else, but this is a good application). The 20% that matters in the market are NOT on this board.

Admiringly, Islander. http://stockcharts.c...id=p13987731002

If this is truly a game changer and the beginning of an enormous move up, why is the S&P up about 20 points
and not 40-50? Now that might change by the end up the day, but for now this is not very impressive.


Commodities I admit are ripping higher but they are so much lower than their peak compared with equities that today's move doesn't
really do anything. I mean oil is at $82 AFTER its huge move higher.



The 10 year bond is at 1.67%. Read this last sentence over and over again and ask yourself what major pools of money are positioning themselves
for next.

Might be better to ask yourself how long you think the ten year remains at 1.67% I LOVE TBT here, twt.