Gotta love ZERO RISK in the SP500 = $$$

Typical summer pattern, ramp up or down, sideways for the entire US session.....same thing over and over and over.....i believe the federal reserve will keep the equity markes propped up until obama exits.

Valeria Jarred mentioned Obama's legacy Sunday on 60 minutes, and yes the stock market was there first success store, and unemployment. May we have a sell off anything possible, but know the fed head will jump right in and juice it right back up.
 
Did a little shopping.....

Bought a small amount of JNUG around $124-125
And back in with SDOW at $15.60....already own SDOW before that trade...usually hold on to 1/2 position just in case we get another August 24th
 
Rickshaw Man said:
Typical summer pattern, ramp up or down, sideways for the entire US session.....same thing over and over and over.....i believe the federal reserve will keep the equity markes propped up until obama exits.

Valeria Jarred mentioned Obama's legacy Sunday on 60 minutes, and yes the stock market was there first success store, and unemployment. May we have a sell off anything possible, but know the fed head will jump right in and juice it right back up.
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Agree...we have been stuck in 300-500 point trading pattern. The central banks control the markets.. It's sad how the markets trade in these new times. I wish we could go back 30-40-50+ years ago when the market was an actual market. Today it's controlled by the Central banks....just gets more pathetic each and every day....next big move is coming at the June meeting.....they set it up as if there is a rate move coming....I'm thinking between now and then data will show weaker numbers ..maybe the job numbers miss completely and that talk about a June interest rate hike doesn't materialize at the June meeting...markets will ramp up huge...dollar will continue its fall while commodities rally....its all a game...
 
Someome should start a thread where contributors can post significant central bank messages and actions. There is a lot of activity in this area that seems to move markets.
 
Rickshaw Man said:
WOW how about that action today.....what a sleeper. Same old stuff over and over again.
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Markets were interesting today...ramp up at the open and not a single dip...Nasdaq was just incredible... A jump above 5000 and then some and I'm going in with SQQQ. Even if markets break to new highs whats going to sustain the momentum? Ohhhh yea that's right not corporate earnings or a skyrocketing GDP because those don't exist....its the central banks once again, hahaha
 
i960 said:
Still gonna be watching around 2080. This move isn't entirely out of the norm.
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Even a move to 2100 would still place the SPX within its range, this is a very tough spot to short because it looks like the SPX is breaking out to all time highs and beyond again, but fundamentally there is just no good reason for stocks to move higher from here. Fed raising rates is a pretty silly reason to dump treasuries for stocks (which is what I suspect is happening right now).
 
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