As much as I relished the short lived rally of 25 minutes ago, it’s over now. The path of reversion has commenced, yet again, stymying all remnants of momentum.
Once again, each time the market looks like it’s about to bust loose, sellers meet them with vigor.
The NASDAQ is still up; but the reversal of 40 points from the highs is indicative of a market without purpose. Stock prices are fluctuating back and forth, resulting in a great nothing. If you sell short or get long into the teeth of any movement, you will end up on the receiving end of a ‘fag box.’
I am out of the office today; but able to monitor things closely. I added to SHAK today and retained the bulk of my cash, which is significant. My largest holdings are AMCX, BIDU, AAPL and PANW. I’m somewhat bullish on gold too, via GG.
As I write this, the market has fully reversed, setting the stage for late day trickery. Often times, on Fed day, the first move is wrong. On occasion, the secondary move is a head fake too, paving the way for the true move the next day.
Who knows? It’s all noise anyway.
The market will likely do a lot of nothing, at the end of the day. Sharp rallies will be sold and fades will be bought–a giant circle jerk of epic proportions– pounding impetuous traders into clown dust.
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I feel like putting VXX on.
Middle Finger
.
Fed
.
Game is ending
http://ei.marketwatch.com//Multimedia/2015/09/17/Photos/ZH/MW-DU437_yellen_20150917074826_ZH.jpg?uuid=024ea458-5d32-11e5-8a5e-0015c588e0f6
Is that a picture of John Corzine? Let’s hope he fully escapes justice and can get back to circle jerking again…..not
That is a cartoon picture of Bluestar
This is classic market moves after a major selloff/crash/correction.
You will be tricked over the next 1-2 week (maybe more) into thinking the bull is dead.
Market is still set up to reward the Sept/Oct investor with a Happy Thanksgiving and Merry Christmas.
55 months at 0 is classic?
Classic moves in the averages after major corrections.
Sell it short, I dare ya.
55 meetings
It’s like Joe Dimaggios hitting streak
VXX up – everyone else into the fag box. Good to be all cash.
$TLT how can this not be good now? Even if Mandarin Granny thinks the economy is dead and the emerging markets are fucked. How do Treasuries lose here?
Senor Fly not so sure there really are 15 candidates. 10 muppets 4 second place wannabes and Trump. Seems a thing happening but obviously these hallowed halls are yours. Taking some time may make some sense before giving an opinion and all that.
We are going down do yourself a favor and watch. its no fun being caught circling the drain
volatility is transitory
Gold at 2 week high,
Hey guy who said xxx ,here yesterday, good call
Ment xxx
Hey guy who said vxx,here yesterday, good call