30 min Wall St rally

[Arraya]

This allowed them to have unlimited position sizes like commercials have and enabled them to push prices to a ridiculous level.

Of course a stagnant supply for four years and increasing demand helps too. Chin-India increased there usage by over 8-9 million bbl per day with no aggregate world increase in production. With an elasticity of 15%, prices could be justified by fundamentals as well. But who’s paying attention to that?

[scaredyclassic]

maybe, but the PPT is supposed to as the legend goes squash gold and gold mining shares, which are on a tear lately…so, i don’t know. the market goes up and down.

[scaredyclassic]

maybe, but the PPT is supposed to as the legend goes squash gold and gold mining shares, which are on a tear lately…so, i don’t know. the market goes up and down.

[scaredyclassic]

maybe, but the PPT is supposed to as the legend goes squash gold and gold mining shares, which are on a tear lately…so, i don’t know. the market goes up and down.

[scaredyclassic]

maybe, but the PPT is supposed to as the legend goes squash gold and gold mining shares, which are on a tear lately…so, i don’t know. the market goes up and down.

[scaredyclassic]

maybe, but the PPT is supposed to as the legend goes squash gold and gold mining shares, which are on a tear lately…so, i don’t know. the market goes up and down.

[paranoid]

All major index are near major resistance (200MA, 38.2% FIB etc). With the recent rout in Treasuries, if the market turns town from here, it will be the next big leg down. So it is extremely critic to break out above the resistance so that the market psychology is changed to a definitive Bull which will squeeze all the shorts and bring in huge amount of sideline money. Futures are now above 200MA. S&P500 is expected to break 200MA next monday. So if PPT indeed exists, this is the best time it can intervene with relatively small amount of money.

Another possibility is that a major play (like a hedge fund) was forced to close its significant shorts, for some reason. We will know more if this is the case in the coming days.

[paranoid]

All major index are near major resistance (200MA, 38.2% FIB etc). With the recent rout in Treasuries, if the market turns town from here, it will be the next big leg down. So it is extremely critic to break out above the resistance so that the market psychology is changed to a definitive Bull which will squeeze all the shorts and bring in huge amount of sideline money. Futures are now above 200MA. S&P500 is expected to break 200MA next monday. So if PPT indeed exists, this is the best time it can intervene with relatively small amount of money.

Another possibility is that a major play (like a hedge fund) was forced to close its significant shorts, for some reason. We will know more if this is the case in the coming days.

[paranoid]

All major index are near major resistance (200MA, 38.2% FIB etc). With the recent rout in Treasuries, if the market turns town from here, it will be the next big leg down. So it is extremely critic to break out above the resistance so that the market psychology is changed to a definitive Bull which will squeeze all the shorts and bring in huge amount of sideline money. Futures are now above 200MA. S&P500 is expected to break 200MA next monday. So if PPT indeed exists, this is the best time it can intervene with relatively small amount of money.

Another possibility is that a major play (like a hedge fund) was forced to close its significant shorts, for some reason. We will know more if this is the case in the coming days.

[paranoid]

All major index are near major resistance (200MA, 38.2% FIB etc). With the recent rout in Treasuries, if the market turns town from here, it will be the next big leg down. So it is extremely critic to break out above the resistance so that the market psychology is changed to a definitive Bull which will squeeze all the shorts and bring in huge amount of sideline money. Futures are now above 200MA. S&P500 is expected to break 200MA next monday. So if PPT indeed exists, this is the best time it can intervene with relatively small amount of money.

Another possibility is that a major play (like a hedge fund) was forced to close its significant shorts, for some reason. We will know more if this is the case in the coming days.

[paranoid]

All major index are near major resistance (200MA, 38.2% FIB etc). With the recent rout in Treasuries, if the market turns town from here, it will be the next big leg down. So it is extremely critic to break out above the resistance so that the market psychology is changed to a definitive Bull which will squeeze all the shorts and bring in huge amount of sideline money. Futures are now above 200MA. S&P500 is expected to break 200MA next monday. So if PPT indeed exists, this is the best time it can intervene with relatively small amount of money.

Another possibility is that a major play (like a hedge fund) was forced to close its significant shorts, for some reason. We will know more if this is the case in the coming days.

[ucodegen]

I suspect the ‘support’ we are seeing is the closing of short positions. The ‘Wall Streeters’ like their summer breaks (not all take them though) and most of them don’t like open positions when they are on a break (particularly margined and short positions). I suspect that after June, we may get volatile because many of the ‘players’ will have left for the summer, so overall volume will be weak and it will be easy for the remaining players to move the market.

That said, it may also depend upon how well the ‘Wall Street’ players did during the year.. on whether many do take the summer break…. in the Hamptons…

[ucodegen]

I suspect the ‘support’ we are seeing is the closing of short positions. The ‘Wall Streeters’ like their summer breaks (not all take them though) and most of them don’t like open positions when they are on a break (particularly margined and short positions). I suspect that after June, we may get volatile because many of the ‘players’ will have left for the summer, so overall volume will be weak and it will be easy for the remaining players to move the market.

That said, it may also depend upon how well the ‘Wall Street’ players did during the year.. on whether many do take the summer break…. in the Hamptons…

[ucodegen]

I suspect the ‘support’ we are seeing is the closing of short positions. The ‘Wall Streeters’ like their summer breaks (not all take them though) and most of them don’t like open positions when they are on a break (particularly margined and short positions). I suspect that after June, we may get volatile because many of the ‘players’ will have left for the summer, so overall volume will be weak and it will be easy for the remaining players to move the market.

That said, it may also depend upon how well the ‘Wall Street’ players did during the year.. on whether many do take the summer break…. in the Hamptons…

[ucodegen]

I suspect the ‘support’ we are seeing is the closing of short positions. The ‘Wall Streeters’ like their summer breaks (not all take them though) and most of them don’t like open positions when they are on a break (particularly margined and short positions). I suspect that after June, we may get volatile because many of the ‘players’ will have left for the summer, so overall volume will be weak and it will be easy for the remaining players to move the market.

That said, it may also depend upon how well the ‘Wall Street’ players did during the year.. on whether many do take the summer break…. in the Hamptons…

[Author]

Posts