ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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sorry vertigo was away from screen with limits in place.
the market is facing:
1) oil approaching 80 dollars
2) subprime fiasco
3) housing slump
4) lackluster retail sales
5) political debate
when the market failed to break above highs, and yet is resilient and hangs around highs before GOOG numbers, it shows where they wanted to close it this week.
I'm pretty surprised that GOOG numbers didn't manifest pre release in the market itself.
The market will test 40-45 again. I'm becoming a intermediate term bear. The situation in terms of a macro perspective, is that we are seeing lagging positive effects from the liquidity expansion. There are hints that world macro situation is turning down. The world macro environment is akin to a super oil tanker making a turn, it turns very slowly but it does turn.
I see a bad time for this market, the fact it fails to respond to warning signs in a appropriate manner means its disjointed from the real world. I will play it as it goes up but also I will be getting short at every new high, and rolling the short position over. And mainting a short at the highs.
edit: aftermarket stop clearing underway.
edit: I'm generally very bullish on the market, but it doesn't feel right to me. This could be a contrary indicator, and prices could just fade my worries.
the market is facing:
1) oil approaching 80 dollars
2) subprime fiasco
3) housing slump
4) lackluster retail sales
5) political debate
when the market failed to break above highs, and yet is resilient and hangs around highs before GOOG numbers, it shows where they wanted to close it this week.
I'm pretty surprised that GOOG numbers didn't manifest pre release in the market itself.
The market will test 40-45 again. I'm becoming a intermediate term bear. The situation in terms of a macro perspective, is that we are seeing lagging positive effects from the liquidity expansion. There are hints that world macro situation is turning down. The world macro environment is akin to a super oil tanker making a turn, it turns very slowly but it does turn.
I see a bad time for this market, the fact it fails to respond to warning signs in a appropriate manner means its disjointed from the real world. I will play it as it goes up but also I will be getting short at every new high, and rolling the short position over. And mainting a short at the highs.
edit: aftermarket stop clearing underway.
edit: I'm generally very bullish on the market, but it doesn't feel right to me. This could be a contrary indicator, and prices could just fade my worries.
Seems like a discount in afterhours.
Tomorrow we see 1550 cash or breakout and touch 1560.
http://quotes.ino.com/chart/?s=CME_ES.U07.E&v=i
There are a lot of people claiming some epic reversion to the mean like dow 10,000 etc. especially the gold bugs. I think the problem is that inflation has gone up so much since the introduction of fiat currency in the early 70's, that everything is inflated. Lots of cash out there chasing alpha.
bulletproof market, =)
the breakout held, and new highs considering the markets resiliency.
1600 on cash spx.
the breakout held, and new highs considering the markets resiliency.
1600 on cash spx.
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