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Notice anything? Despite every reason on earth to sell this market
all it does is back up a few points and hover. Then it starts
This pattern has held for quite a while now, and frankly being the
last day of the
The Fed statement is out, and it didn't say anything they haven't
said before. In fact it was sort of funny that they mentioned a
slowdown of the economy in January because of weather... although
it was nice. Yet they didn't mention Sandy, which created
Wow. The sector rotation is fierce. Look at tech today, it's
getting trashed. I thought LLTC was safe and it seems I was stopped
out flat not 40 seconds into the day. I was stopped out of ORCL in
the first minutes.
When a market has run this far, and all it does to catch it's
breath and tread water, it leads you to think there' s more up to
come. We had every chance to fade off here, but they've kept the
S&P down 1, and
Somehow I just got elected to run some errands that I really
didn't want to have to do.... but to keep the peace I shall do the
job. So, I figured I'd shoot a quick update out.
They've done exactly what I thought they'd do..
After being up 100, they decided to do a "stop hunt" and dipped
the DOW all the way down to where it was up just 19. Then once
everyone was panicked out, they stepped back in and up we went. As
I type this ,we're up 57.
They haven't been shy about it... they've just poured it on. Part
of it is because of this...
BREAKING: House votes to avert debt crisis, allow government
borrowing through May 18; Senate to approve too.
So they've kicked a "worry can"
Well well. It seems that they are just going to rig the entire
mess to make sure stocks just go up no matter what. Consider this
for a minute...
I sold out of my positions this am, simply because we were at
If the day ended right now, I'd say that my prediction for the day
was perfect and we could focus on tomorrow. But alas, it's only an
hour into the session. Yes we did get it right.... suggesting that
because today is Friday
The question is..will it last?This is text book break out
stuff.The S&p the transports....the Russel
are all out...all it has to do is hold the day.
As good as this looks...it has to confirm the move. If
it is real...we have