Search results

Bulls wrecked.

http://www.afr.com/markets/equity-markets/sp-500-weakness-hidden-by-megacaps-20151001-gjzil6 This is why the SPX has been so resilient, its not even representative of the market anymore...

Its not selling off either... What an insanely frustrating market.

Sharp moves but the market isn't going anywhere. Very strange considering how bad the ISM numbers were and European stocks are tanking.

NFPR is always on a Friday, unless its a holiday of course. In other news SPX rallied nearly 50 pts off 1872 yesterday, which is just 5 points shy of the crash lows, looks like those lows held but technically it wasn't a retest, I think traders might be jumping on the bandwagon prematurely...

SPX is certain to bust thru 1867 tomorrow, if it doesn't happen by the end of the today's session.

Yeah its similar to yesterday's chart actually, slow grind downwards after peaking early in the day.

Down again after a brief respite, bears are in full control now.

Maybe, but I'm not interested in trading reactions, the primary trend is where the money is made. “Nobody can catch all the fluctuations.” - Jesse Livermore

Weekly charts on most major indices look the same, DAX, Nikkei, HSI all have the same weekly bear flag structure.

That would only force the fed to hike faster, which would accelerate the EM collapse and commodities slump. I don't think that would help at all.

Or it might get there today, we are at 1880 now so only 13 points to go.

This is out of their hands now. The fed has tried to sound both dovish and hawkish but the market is not buying any of that, this thing just wants to go down now, nothing can stop it from doing that.

SPX trying to get to 1867 in a hurry, might tag it by the end of the day.

All that backfilling is mostly short covering, the market is shaking out the weak hands before it drops hard.

Straight down followed by straight up reversal. What brutal volatility!

Maybe its because SPX is still "too high", its only down 9% from the peak, thats hardly a correction. The S&P's decline is relatively shallow given the fact that most other markets are down at least 20% from their peaks, its not a particularly cheap market either so I don't think buyers are...

Another day, another gap down on the SPX.

Not that I am bullish on stocks but the guy who wrote this article is a permabear, so I'd take his opinion with a pinch of salt.

Yea the bear market would be over real quick if we dropped 20% in a day, these 1-2% selloffs followed by frequent backfills induce complacency and lead many traders to trade counter trend without realising that it can sometimes be deadly.