The market has taken a turn for the better, over the past 30 mins or so. I will not pretend to know the ultimate outcome of today’s carnivale show. However, I’d like to point towards a few things.
Breadth is strong.
Most importantly, risk assets are climbing, appreciably.
How can I quantify this assertion? Two ways.
In Exodus, my bubble basket is higher by 2.54%. More specifically, my TWDFM (these will definetely fuck me) basket is vastly outperforming the old and the stodgy FANG plays. I will continue to stress this point, as long as the markets remain in peril.
Here, have a look at the extreme outperformance.
Without question, there is a bullish narrative being inserted into the newsflow. I’ve been curating it for readers of the site, without bias. This newsflow can and will increase as risk assets rise.
This is how sentiment shifts. Humans are very malleable creatures, savage and without decorum.
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here’s hoping shorts press lolz
Fly – The rally looks rather weak. All the technicals point to the probability of a retracement rally…. but if oil gaps back down & takes the Nikkei with it, or Greece has a bad headline, the game will be stopped b4 it even really started. Headline risk is 2 high for me to participate in the 50point upside.
I disagree. Just look above for evidence to the contrary.
CHK +12%
https://www.youtube.com/watch?v=IwwuZr6H1LQ
The contrary indicator of having an abundance of Devil Dogs like Faber on the TeeVee, predicted this well.
“Um. No”
Boj / Ecb
(just “Talk” at that)
CBs are keeping up your stock markets
(and nothing else. is)
Even junk like GPRO is working.
Fly,
Extreme thx for your posts. Finally able to nail a rally while margined to the max. And selling bit by bit on the way up.
Heading 4 a 3% day. ….hopefully. ; ^)
I love love love that CNBC has been at it all day asking if this rally can be trusted.
SPX is right at where I left the futures last night, SPX 1890. But look at USD/JPY it is fading to 113ish level and Euro is not acting like QE Money Drop is near. Yes this is a Stupid Central Bank Rally that us Bears have to sometimes have to deal with. But without action, the Jaw Boning seems to be having less and less effect.
I’m noticing the USD/JPY fade also.
That, and Crude balancing above $29.
The rally looks good but it’s based on expectations that can easily disappoint in the near term.
calling all bears help me squeeze my GLUU long – LOLZ
p.s. WTF are you people blabbing about?. opex fun. don’t overthink it.