How high goes the rally on Obama infrastructure spending?

[Chris Scoreboard Johnston]

Based on my review of the COT report as well as someone else’s who is more of an expert with it than I am, it has become clear that the PPT is behind this rally. Nobobdy else could carry the kind of losses that the large speculators seem to have by buying this whole downmove except the PPT. As a result it is possible it could be a very sharp rally. Guessing price levels is going to be tough, Fib analysis I think is very erratic in general, but it calls for 1025 which is .50 to the Aug High or 1093 which is .618 to that same high. This is SP 500 futes. I won’t make a trade based on those but will watch price action if we reach there to see if a reversal is setting up. You might also want to watch the 200 day MA which I think is worthless but alot of institutions makes plays at it.

[stockstradr]

Somehow, someway, I also have the instinct that this rally has *something* behind it that could push it above the 1,000 mark.

Thanks for educating me on the PPT! I had to go read up on what the hell that is, and feeling a bit foolish for not having known of its existence.

[stockstradr]

Somehow, someway, I also have the instinct that this rally has *something* behind it that could push it above the 1,000 mark.

Thanks for educating me on the PPT! I had to go read up on what the hell that is, and feeling a bit foolish for not having known of its existence.

[stockstradr]

Somehow, someway, I also have the instinct that this rally has *something* behind it that could push it above the 1,000 mark.

Thanks for educating me on the PPT! I had to go read up on what the hell that is, and feeling a bit foolish for not having known of its existence.

[stockstradr]

Somehow, someway, I also have the instinct that this rally has *something* behind it that could push it above the 1,000 mark.

Thanks for educating me on the PPT! I had to go read up on what the hell that is, and feeling a bit foolish for not having known of its existence.

[stockstradr]

Somehow, someway, I also have the instinct that this rally has *something* behind it that could push it above the 1,000 mark.

Thanks for educating me on the PPT! I had to go read up on what the hell that is, and feeling a bit foolish for not having known of its existence.

[mercedes7]

Not so sure it can make it to 1000, but if it does, I’m shorting the hell out of it. This is all hype and emotion. Big Obama is not going to save the economy although I do believe that he will do whatever he can to slow the bleeding. It will plug holes, but we are in big trouble. Something tells me this rally is going to stall out soon – somewhere between where we are now and 950 on the S&P. Watch the bond market for clues. Thought yields would rise a lot more (as bond traders participate in the rally) – they didn’t.
If anyone takes a few minutes to think about Obamas proposals, they will realize it is going to take a lot of time to implement and a hell of a lot of money. We are in crisis mode right now and not thinking at all about the ramifications of the actions we are taking. Wait till all those bills start to come due…then what…how the hell are going to pay for all this? Keep the printing presses going.

[mercedes7]

Not so sure it can make it to 1000, but if it does, I’m shorting the hell out of it. This is all hype and emotion. Big Obama is not going to save the economy although I do believe that he will do whatever he can to slow the bleeding. It will plug holes, but we are in big trouble. Something tells me this rally is going to stall out soon – somewhere between where we are now and 950 on the S&P. Watch the bond market for clues. Thought yields would rise a lot more (as bond traders participate in the rally) – they didn’t.
If anyone takes a few minutes to think about Obamas proposals, they will realize it is going to take a lot of time to implement and a hell of a lot of money. We are in crisis mode right now and not thinking at all about the ramifications of the actions we are taking. Wait till all those bills start to come due…then what…how the hell are going to pay for all this? Keep the printing presses going.

[mercedes7]

Not so sure it can make it to 1000, but if it does, I’m shorting the hell out of it. This is all hype and emotion. Big Obama is not going to save the economy although I do believe that he will do whatever he can to slow the bleeding. It will plug holes, but we are in big trouble. Something tells me this rally is going to stall out soon – somewhere between where we are now and 950 on the S&P. Watch the bond market for clues. Thought yields would rise a lot more (as bond traders participate in the rally) – they didn’t.
If anyone takes a few minutes to think about Obamas proposals, they will realize it is going to take a lot of time to implement and a hell of a lot of money. We are in crisis mode right now and not thinking at all about the ramifications of the actions we are taking. Wait till all those bills start to come due…then what…how the hell are going to pay for all this? Keep the printing presses going.

[mercedes7]

Not so sure it can make it to 1000, but if it does, I’m shorting the hell out of it. This is all hype and emotion. Big Obama is not going to save the economy although I do believe that he will do whatever he can to slow the bleeding. It will plug holes, but we are in big trouble. Something tells me this rally is going to stall out soon – somewhere between where we are now and 950 on the S&P. Watch the bond market for clues. Thought yields would rise a lot more (as bond traders participate in the rally) – they didn’t.
If anyone takes a few minutes to think about Obamas proposals, they will realize it is going to take a lot of time to implement and a hell of a lot of money. We are in crisis mode right now and not thinking at all about the ramifications of the actions we are taking. Wait till all those bills start to come due…then what…how the hell are going to pay for all this? Keep the printing presses going.

[mercedes7]

Not so sure it can make it to 1000, but if it does, I’m shorting the hell out of it. This is all hype and emotion. Big Obama is not going to save the economy although I do believe that he will do whatever he can to slow the bleeding. It will plug holes, but we are in big trouble. Something tells me this rally is going to stall out soon – somewhere between where we are now and 950 on the S&P. Watch the bond market for clues. Thought yields would rise a lot more (as bond traders participate in the rally) – they didn’t.
If anyone takes a few minutes to think about Obamas proposals, they will realize it is going to take a lot of time to implement and a hell of a lot of money. We are in crisis mode right now and not thinking at all about the ramifications of the actions we are taking. Wait till all those bills start to come due…then what…how the hell are going to pay for all this? Keep the printing presses going.

[Chris Scoreboard Johnston]

When you see large funds category of COT report heavily long during a decline you know it is the PPT that is a very abnormal pattern, they are normally the drivers of the trends, not opposite. You basically have to have bottomless pockets to do that, and only one group of people have that, the good ole US Government. They hide in accounts at the big houses like Goldman for example. Any other funds would have capitulated out like we are seeing in commodities right now, when faced with losses that big.

[Chris Scoreboard Johnston]

When you see large funds category of COT report heavily long during a decline you know it is the PPT that is a very abnormal pattern, they are normally the drivers of the trends, not opposite. You basically have to have bottomless pockets to do that, and only one group of people have that, the good ole US Government. They hide in accounts at the big houses like Goldman for example. Any other funds would have capitulated out like we are seeing in commodities right now, when faced with losses that big.

[Chris Scoreboard Johnston]

When you see large funds category of COT report heavily long during a decline you know it is the PPT that is a very abnormal pattern, they are normally the drivers of the trends, not opposite. You basically have to have bottomless pockets to do that, and only one group of people have that, the good ole US Government. They hide in accounts at the big houses like Goldman for example. Any other funds would have capitulated out like we are seeing in commodities right now, when faced with losses that big.

[Chris Scoreboard Johnston]

When you see large funds category of COT report heavily long during a decline you know it is the PPT that is a very abnormal pattern, they are normally the drivers of the trends, not opposite. You basically have to have bottomless pockets to do that, and only one group of people have that, the good ole US Government. They hide in accounts at the big houses like Goldman for example. Any other funds would have capitulated out like we are seeing in commodities right now, when faced with losses that big.

[Author]

Posts