I thought this chart deserves explanation. My take is that this is the last nail in the coffin of this rally. Also this explains big swings and gaps we had lately...
Anything else someone might wish to add?
Agree with most opinions here BUT there is one thing missing for us to get an inflation (either now or later) - that is the willingness of people to borrow. And I don't see right now how this can be fixed.
In fact the only way of fighting deflation is to increase government spending since...
My take is that we fill it immediately.
The reason?
Consider this chart:
Also look at $TRIN 10&20 DMA as well as $CPCE 10&20 DMA
All this suggests the medium term top has been put in place. IMVHO
Guys, I have NO IDEA what the DOW will be in 2-3 years. What I do know is that 1 ounce of gold will be equal to DOW. It might be 50000=50000 or 1000=1000 it doesn't matter
NG is ready to explode. It's the MOST undervalued commodity. Period.
Look at $CRB:UNG - I missed buying it today (was busy with XLF and XLE) but I will do it tomorrow. Sure
I'm with you 100%
Not to mention that volume was next to ZERO today. The only thing which troubles me is that VIX closed below 200 DMA and below 40. (there is a good thread out there "all eyes on VIX" So monday is the moment of truth.
Sir, I do not consider it to be laughable. We are going down regardless of the report. The best case scenario we pop up at the open if report is better than expected and that's it.
811 is the support but I believe it would be penetrated easily. Look at $CPC PUT/CALL ratio - it's soooooo bullish...
Todays move up was not supported by bonds and EURO/YEN. I'm still thinking we are going down towards the end of this week.
I bought some ERY near the close since I believe shorting financials is more risky than energy.
Good luck to everyone!
If the language is the only thing to complain here - then it's a good call.
Once again - go long ERY or DUG - as I believe energy will fall harder
JMVHO
Dear Spanish!
I wish you all luck and if these managers will read your thread tonight they will rethink their math exam :)
Gosh! What a smart idea to post your thought on this here :)