Stocks turning higher (ahem) as traders digest the horrors in Brussels.
The POTUS’ extended observations on the US’ relationship with the tin-pot dictatorship off the coast of Florida have given me an opportunity to do some sophisticated technical analysis (with a hat tip to Josh Brown and MKM’s Jon Krinsky).
Stocks could be in for some grief over the next few weeks.
Yellen really surprised the heck out of us Bears. All such a silly rally. FOMC is sending out their Boys to try and talk it back. High risk Currency Pairs have to retest their Yellen Highs, then I can get back to my sell off…all the bazookas have been shot and nothing much until July…Global Fundies Suck and Yuan is going to be allowed to drop again.
Nymph,
you wouldn’t get short the S&P here?
non solo…You are asking a major bear, lol. We have an ugly ugly ugly bubble that will pop. The Central Bankers have done everything possible. The 2015 high was the 261% retrace off the 2000 and 2007 highs..there is nothing left in this market. I am just amazed how it is holding on to dear life.
Short April