End of quarter rally, same shit over and over. The fed meeting contract experiation end of Q1 all happen togather. It's all planned row the markets up and down keep the exchanges in business, keep Wall Street happy.....wash rinse repeat over and over. Mom and pop open the quartly statements everything looks ok, it's not going down so all is well or so it seems.
It's a long list of "precursor's" to higher prices.
1. OpEx week. Last count, probably 9 out of 12 of them were major squeezes higher into the third Friday of the month.
2. EOM (End of Month) into BOM (Beginning of Month) ramp jobs. Many swing turns occurred right around the first few days of the month...which leads to...
3. First Friday of Month Employment Reports. Even if the action leading up to it is bearish, who is going to risk being short with the overnight goon squad on the scene...which leads to...
4. "Rickshaw Market" (i.e.) our resident advisor on the perpetual overnight bid to "make things pretty" for the breakfast crowd...In "bullish phases" the drift higher is ever present. In "bearish phases" it sets the table for the slamdown selling around the NY open...which leads us to...
5. The Pre-Fed (FOMC) / the Pre-ECB / the Pre-BOJ "squeeze" which land throughout the month outside of the above squeeze catalysts...These are staged over a few weeks to make certain that if one of the consortium of "price setters" doesn't get the job done, the next in line can "make things right". In fact, sometimes the "get things right" will occur the following day when the market " gets it wrong" (See Mario Draghi, 12/4/2015).
So if you can find a window in between all of the above "catalyst's" to major market squeeze's in bearish phases and the status quo in the low volatility bullish phases, please advise.
