LOL. Romney has been pretty vocal about ditching the
Bernanke if he is elected. Out of self preservation, wonder
if the Bernanke will be burning the midnight oil at the printing
presses to keep his job?
Technically speaking, we are at a pretty key moment here.
If we go over this downtrend line -- we will likely gap it
hard and run. Also, those inflation assets (gold, silver,
copper etc.) will likely have to take up some slack and run
hard.
The flip side of that, if we sell-off, I would argue that we
would likely breach the 13 ema (yet again), and the impulsive
nature of this 11 week long uptrend will be in jeopardy (too many
zig-zags). If that is the case, I believe the warning signs
that are calling the end of this bull market may indeed prove
correct. So, melt up, or die.
and see that the market could conclude that after the Election
of Scott Walker , the market is predicting a clean sweep of the
house, senate and White House. The Chart looks like a
market bottom to me... but I can be wrong.
they say never short a dull market and this has been
the definition of a dull market the last 7 days.
Again we have OPEX on Friday and Moon cycle, maybe it wants
to hold up into there. If it does, I'll probably sell some
SPY calls for next Friday, we'll see.
Politics
Melt up to election?
Posted by billnew52 on 15th of Aug 2012 at 01:14 pm
Ouch!!! Biting my tongue really hurts!!!
Melt up to election?
Posted by kalinm on 15th of Aug 2012 at 01:21 pm
LOL. Romney has been pretty vocal about ditching the Bernanke if he is elected. Out of self preservation, wonder if the Bernanke will be burning the midnight oil at the printing presses to keep his job?
Technically speaking, we are at a pretty key moment here. If we go over this downtrend line -- we will likely gap it hard and run. Also, those inflation assets (gold, silver, copper etc.) will likely have to take up some slack and run hard.
The flip side of that, if we sell-off, I would argue that we would likely breach the 13 ema (yet again), and the impulsive nature of this 11 week long uptrend will be in jeopardy (too many zig-zags). If that is the case, I believe the warning signs that are calling the end of this bull market may indeed prove correct. So, melt up, or die.
Of course.... one can only look at a Chart from JUne 5th on
Posted by zach06 on 15th of Aug 2012 at 02:52 pm
and see that the market could conclude that after the Election of Scott Walker , the market is predicting a clean sweep of the house, senate and White House. The Chart looks like a market bottom to me... but I can be wrong.
they say never short a
Posted by matt on 15th of Aug 2012 at 02:56 pm
they say never short a dull market and this has been the definition of a dull market the last 7 days. Again we have OPEX on Friday and Moon cycle, maybe it wants to hold up into there. If it does, I'll probably sell some SPY calls for next Friday, we'll see.
GDX getting a bounce off the day lows
Gasoline
Posted by ginger k on 15th of Aug 2012 at 01:30 pm
Up +2.2% today :o Great for the consumer.