Today, a few people that I know were telling me of the horrors that is the stock market, declaring “several key stocks broke their 50 day moving averages today”. Being that I digitized your fucking charts inside of The PPT, I decided to mine the data. It appears there are several names “vacillating” the 50, most of which are far, far away from their 200 day averages.
Having said all of that, does any of this HORSESHIT mean anything, when the market is phantasm and reality is nothing more than a blink of an eye in between long lines of cocaine?
I think not.
Going into a long weekend, the market should trade down tomorrow. Let’s face it, we’re overdue a sell off of serious magnitude. I’ve alluded to this point numerous times over the past two months. But my prognostications were ignored, even by me. The long and the short of it is: I am no more scared of a sell off than a thermal nuclear weapon detonating in my garage.
Here is the list.
Nope. Means we’re pulling back. I guess folks have forgot what that looks like.
Highly unlikely, on the cusp of this here earnings season…we should have 2 – 3 weeks before shit gets real.
No Mr. Fly, the market will rally on Thursday because (a) we are now nicely oversold with relatively high volume selling, and (b)markets gravitate higher the day before the Easter holiday weekend. This week is statistically one of the better weeks of the year, so much to make up for tomorrow. We’ll rally into mid week next week.
Market can’t go up in a straight line forever. This is a minor sawtooth down before we resume the melt up that will take us to somewhere around April 20.
Fuzzy math……..Predictions are impossible, especially about the future. The majority will decide where the market goes tomorrow. And, let’s face it, the majority is just a string of monkeys following the ass in front of it’s nose.
Carry on,
Mult
Traders are not giving this market selloff the respect that it deserves. Hence, the action is labeled as the Rodney Dangerfield Selloff.
in only four days, shows that four market sectors have failed; CRB 312, UTIL 463, JJC 48.87 and SOX 423.50. But, no respect. Four negative sectors deserves a far greater sell off than fifteen S&P handles. As long as all four of these compadres remain under the levels shown, the broad market selling will continue. The bulls need to move at least one above the levels shown to slow or stop the downside.
you might want to rethink this whole thing, with all due respect
Due to holiday, tomorrow is final day to decide March Madness winner.
http://trade.cc/avik
Who will take home $1k?
Sell off or pull back , I like the fact that
there is little interest in TZA and therefore I am very interested .
i am a little afraid of a thermal nuclear weapon detonating in your garage. the market seems fine though