3309 Drysdale Ct
Edwardsville, IL 62025
Question to the group. I am little puzzled in the fact
that etf "TLT" was up 0.71% today with the markets up 1.42%
Bonds have been strong. They don,t always track
Fed said to extend their 75 billion/day repurchase program till
Nov 01 and probably beyond. QE forever.....
This link is the source of the announcement:
$75 billion/day for a month would be over $2 Trillion dollars.
I believe the notice says an *aggregate* amount of at
least $75 billion over the month
That makes sense. scary- that that much money has to be
injected each day to have enough liquidity for the
You are correct. There was huge disconnect in the market and my
guess is todays move was just a dead cat bounce. Bonds rallied,
yieds dropped, yet xlf and kbe traded up. Oil went down after
initial pop, yet XOM closed up. Summation index was -1311
compared to yesterdays -1265. With the move today, I would
have expected Summation Index to have turned more positive. I
would expect us to probably retest the lows we made last week and
probably test SPX 200DMA.
Also notice Transports to Dow jones All indicies are just 2 or
3% from all time highs but ITR trading close to Aug lows. Markets
are very good at sucking people into it at the extremes. Make
people buy at the top and short in the hole.
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!