No they don't control the market but they know who does.....
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Short avg 2693.5
Will add to 2704
Stop 2711
Will add to 2704
Stop 2711
More likely (in my opinion) that there were institutions that wanted to BTFD, but were nervous considering how stocks reacted to that recent unemployment report. They knew that all eyes would be on today's CPI number so they sat in cash waiting for today - once they saw the futures break -1% on the report premarket, they considered stocks to be a low-risk buy from a technical perspective and got long.
Just to keep everyone in the know...the Dow is up 1500 points from intraday lows set on Friday February 9th when the Dow touched 23360!!!!!
That's a wicked rally in just 3 days!
Of course market psychology is set up now that the market will keep on rallying from this point on...that the 6 day correction is done and that the market will resume another 3893 days of a bull market....don't be foolish....ifffff you caught that short term bottom selling now isn't such a bad idea.... taking profits is the best thing...why watch it collapse back below 23500 and watch all your gains go bye bye....always need some extra bucks to catch those collapses and to trade that volatility......
That's a wicked rally in just 3 days!
Of course market psychology is set up now that the market will keep on rallying from this point on...that the 6 day correction is done and that the market will resume another 3893 days of a bull market....don't be foolish....ifffff you caught that short term bottom selling now isn't such a bad idea.... taking profits is the best thing...why watch it collapse back below 23500 and watch all your gains go bye bye....always need some extra bucks to catch those collapses and to trade that volatility......
Anyone who shorted on that morning 1% dip...... not the first time CPI numbers cause index moves that were head fakes. This happens very often when you go back in history. Always resolves in the other direction. They were just running stops for the next leg higher.
Same with gold/silver. I feel sorry for the guys piling on shorting gold on that algo driven dip, which was momentarily down. Inflation up and gold down? Just because USD index went up a bit? Yeah right. Now rips higher. Those moves were just algos running stops. This tells me it will go higher as an extended move after they ran all the stops on the news.
Does seem like that's what they're doing.... possible for 2700 close even by today? Almost foregone conclusion at this point @ 2699.25.
They're working overtime to fix the chart here. They gotta ping that 50 day this week. But there is big opex this friday too, so a lot of fireworks coming up for sure.
EDIT: Oh just like that they're over 2700.
Added 2699.75
Back to the overnight magic show. Buy the close for an easy profit. Same thing over and over.