Gotta love ZERO RISK in the SP500 = $$$

[Rickshaw Man]

Oh no a bearish daily candle, a DOJI.....Never fear it will be voided overnight or by days end tomorrow.....same thing over and over and over

LIKE I SAID HAHA SO EASY WHEN YOU KNOW HOW THE GAME IS PLAYED.

 

[noddyboy]

LIKE I SAID HAHA SO EASY WHEN YOU KNOW HOW THE GAME IS PLAYED.View attachment 164353

Bears are now counting the number of up days in a row, but will soon run out of fingers to count them.

 

[eurusdzn]

Posted a few months back...the OpEx melt-up didn't materialize last week so we got it this week...

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.

Great post.
This may be a good fundamental model for stock and other asset market analysis. A professional security/asset analyst may also believe this to be true and find this quite annoying.

 

[Rickshaw Man]

END OF MONTH RAMP JOB....NEXT MONTH IS END OF Q2...SO YOU KNOW WHAT TO DO.....BUY THE DIPS MAKE FREE MONEY$$$$$$...NO WAY IS GRANNY GRAY HEAD GOING TO RAISE....AIN'T GONNA HAPPEN...NOT AT THE END OF QUARTER....JULY MAYBE BUT I DOUBT IT.

 

[Rickshaw Man]

Watch the gap up on Sundays open always happens on holiday Sundays

 

[der_kommissar]

I'd love to see the stats on pre-holiday weeks in the indicies...Better yet, flip last week's ES chart upside down and tell me if you've ever seen anything remotely close to that on the downside (it never happens)...clean stair step patterns that don't retrace (compare that to the prior 3+ weeks of downside chop...

And it has nothing to do with bullish/bearish bias (as I've outlined in the "Rules for Engagement" above)...It's just the simple reality of how these markets operate..

 

[Rickshaw Man]

I expect a soft jobs report, this gives the fed cover and a hedge for the brexit crap.

 

[eurusdzn]

Nay

I expect a soft jobs report, this gives the fed cover and a hedge for the brexit crap.

Anyone looking at NUGT for a turn here? It might be supported by your expectations.

Somewhat unrelated but the move in small cap indices is impressive over last two weeks.

 

[der_kommissar]

Anyone looking at NUGT for a turn here? It might be supported by your expectations.

Somewhat unrelated but the move in small cap indices is impressive over last two weeks.

The "goon squad" trade of shorting gold and miners re-appeared post FOMC "hawkish" minutes...Of course, that put this robotic bid under smallcaps...they are up 8% in two weeks (now 25% since the Feb lows)...Rickshaw market continues.

 

[Rickshaw Man]

Have no fear non farms payroll to the rescue, soon as the number hits the news pundits will start the chatter about the fed holding off on a rate bump. They will help create the cover needed.