Oil falling again and IYT doing the same thing. This is not good. ..energy stocks just continue to fall as commodities get crushed....Dow negative again for the year ...if we break those lows from 2 weeks ago on those Greece fears the Dow is going to drop straight through 17,000 ....looking for a 16 handle on the Dow in August once that takes place....
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
A break through the Greece lows without a global catalyst could lead to a real correction. I worry the dip buyers/IC sellers may come in early. The skew has gotten juicier and Greece is not hot.
As for Transports, AAL gave me a nice kick in the groin this morning. Interestingly enough, it is reversing back down the 200MA. Voted most likely to disappoint among the Airlines.
As for Transports, AAL gave me a nice kick in the groin this morning. Interestingly enough, it is reversing back down the 200MA. Voted most likely to disappoint among the Airlines.
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Don't worry, Goldman has sent a trader over to show Yellen how to use the DOM.
the market acts like it is "correcting the correction"...i.e. a pullback of the OpEx squeeze from last week and then the rug is pulled out beneath it...faders in both directions seem to get taken out by the erratic action.
long china A shares, wouldn't be surprised to see shanghai do a mid 80's nikkei style move
Now that's something interesting and original. Care to tell us more about your idea? Historical analogies?
AMZN pulling a GOOG during its earnings..
China will keep cutting rates and easing for a few years to come. Japan did the same thing in the mid 80's and that led to wild asset speculation. And with China's government supporting stocks, there's a so called artificial floor seemingly at the 200 dma ~$3400 Shanghai.
Looking back at what ended the China bubble in '08, it was both rate hikes by the PBOC and the financial crisis in the US. These factors aren't in play so I like my odds of being long for as long as China keeps on easing. Ultimately, of course they will hike rates and assets will normalize. But this may not be for a long time.
Not in play, *yet*. C'mon, live up to that username, buddy!