TIME TO PAY ATTENTION!
#1
Posted 18 June 2013 - 08:11 AM
Mark S Young
Wall Street Sentiment
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#2
Posted 18 June 2013 - 08:17 AM
And don't forget Bradley:
Edited by Rogerdodger, 18 June 2013 - 08:20 AM.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#3
Posted 18 June 2013 - 08:20 AM
My comments are for entertainment/educational purpose only. All posted trades are fake (aka. paper) trades.
#4
Posted 18 June 2013 - 08:27 AM
A word of caution...
OK so I do have some concerns. We have seen violent moves in global markets and not just in Japan. The Shanghai Index fell from a May 31 close of 2300 down to a low of 2126 on Thursday 6/13 and is close to 10% off it's highs. The KOSPI in Korea is just under 10% off it's high. The Hang Seng Index is nearly 3000 pts off it's high at Thursday's low. The Australian AORD is MORE THAN 10% off it's 5/15 high. Brazil's Bovespa BVSP Index is DOWN MORE THAN 10%. The FTSE Index is down almost 10% from it's 5/22 high. The German DAX about 8% DOWN from it's 5/22 high. I could go on here, but you get the picture.
I showed you charts like this one I will repost that shows the flow into the Swiss Franc (CHF). In the crude forecast, I pointed out that crude is trading like a currency here, and not a commodity, as the fundamentals are weak yet price and volume are rising.
This week is OPEX week, and multi-witching triple or quadruple, something like that. So we can still see some volatility especially on this light volume, but with this expiry coming up and some annual rebalancing due, we will see some volume with an expected very strong volume on Friday. It may still need to be proven it was "sell and go away" here in the US, but looking at the global picture there is absolutely no doubt about it, and the flight to safety seems to be in full gear.
Do not let down your guard
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#5
Posted 18 June 2013 - 08:28 AM
We now have the one type of thing that can kill it and that's uncertainty at the Fed.
This is nothing new. The market's been aware of something like this for a while now.
http://www.foxbusine...for-third-term/
#6
Posted 18 June 2013 - 08:33 AM
klh
#7
Posted 18 June 2013 - 08:35 AM
That is why the VIX has been climbing along with SPY the last few weeks.
However, retail and consumer discretionary sector investors are not the least bit worried, XRT and XLY still pinned at record highs.
Hands down, the most incredible runs ever recorded.
A lifetime worth of gains in just over 4 years.
XRT
XLY
Edited by PrintFaster, 18 June 2013 - 08:36 AM.
#8
Posted 18 June 2013 - 08:42 AM
#9
Posted 18 June 2013 - 09:17 AM
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#10
Posted 18 June 2013 - 09:27 AM
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.