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10.22.2014 No European Bond Buying?? Bookmark

Danger Will Robinson!  Or something like that....This entire snapback rally has been manufactured by a couple Fed heads suggesting that maybe QE can stay in place for longer, and some bogus headlines out of Europe suggesting that the ECB was about to go on its own bond buying spree.  Well guess what? Two European ECB officials have now denied that they're doing anything of the sort.  Isn't that interesting?

10.21.2014 More Free Money Hope! Bookmark

Notice the trend here?  IBM missed earnings. Coca-Cola missed. McDonalds missed, NCR missed, EBAY missed, and on and on. Yet the futures were soaring this morning. What's up with that?  Well, just like last week when the Fed heads spun on a dime and went from saying rate hikes are coming sooner rather than later and then reversed and mentioned that maybe QE could remain in place...over in Europe the ECB has been putting out "hope" headlines too.  This time suggesting the ECB will buy Corporate bonds on the secondary market.

10.20.2014 IBM - Fail Bookmark

This morning the futures were bright green and then plunged blood red. Why? IBM blew it big time. They missed the earnings by a mile on both EPS and revenues.

10.17.2014 ECB to the Rescue? Bookmark

Last night the futures were flat for hours. Then about a half hour after Europe opened, our futures started soaring higher. Why? One of the European Central bank heads said that a QE style asset purchase plan was going to start in just days. That's all it took for the Algo-robots to pick up on it and send European stocks higher. That instantly spread to the US futures and we come into the open with the DOW futures up about 170 points.

10.16.2014 More Selling?? Bookmark

Last night in the Newsletter we suggested that the selling wasn't over. We felt that we'd be going down again. BUT we felt that would happen AFTER a bounce off yesterday's lows. In other words, we figured we'd go green for a couple days and then see the energy fade out again and we'd go down and test the lows. But this morning at 7 am the futures are down 150 points on the DOW and the S&P is off about 20.

10.15.2014 MORE Ebola! Bookmark

At 9 am Wednesday, the DOW futures are indicated down by 160 points. The S&P is down about 25. What's that all about? Well the reason that's making the rounds is that there's been another case of Ebola discovered in Texas.  But is that really the reason? My guess is no, that's not the whole reason, but it is a great excuse. Let me explain...

10.14.2014 Bounce Day? Bookmark

On Monday the market was trying to hold up all day, but then in the last hour an enormous futures dump hit, as somebody liquidated over  4400 E-mini futures in one sell. That sent the algo-bots into hyper drive and it fed on itself. But today is a new day, and 3 of the major banking institutions have released earnings.

10.13.2014 Magic Levitation Bookmark

Last night when the futures market opened, ( Futures open at 6 pm Sunday evening) the DOW quickly plunged red. Even an hour later the DOW futures were down 70 and the S&P down 15.  But with Japan closed for Holiday, and our own Bond market closed today for Columbus day, they knew there wouldn't be any volume in the futures pits and they could work their "magic".

10.10.2014 Friday At Last! Bookmark

If you trace enough Friday's you see that the market often "magically levitates" into the weekend. that's by design folks, as the powers that be like to send Joey Sixpack into the weekend remembering "green" so he feels good and spends money he doesn't have on things he doesn't need

10.9.2014 Market Madness! Bookmark

We have mid term elections coming up in less than a month. Over the past couple weeks the market has been acting poorly, and it was starting to look bad for Obama and his incumbents. So they needed to fix things, and do it quickly. After a big 260 point drop on Tuesday, they manufactured a perfect 260 point bounce on Wednesday. But not only that, they lined up some other ducks in a row. 

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