Kudos to MMs

To all the permabears, Doug Kass et al. I want you to have a genuinely enjoyable Memorial Day weekend as you sweat having watched the market close at the high of the day (and + on the day) in the futures. I sold all my longs 23 handles higher but I genuinely expect to see those levels exceeded smartly in the near future.

So celebrate what Memorial Day stands for and have a stress-free(me) or stressful(you) weekend!!! As jimbo-cramerski says "triple-fn-booya-tooya!"
 
Quote from arbs-r-us:

To all the permabears, Doug Kass et al. I want you to have a genuinely enjoyable Memorial Day weekend as you sweat having watched the market close at the high of the day (and + on the day) in the futures. I sold all my longs 23 handles higher but I genuinely expect to see those levels exceeded smartly in the near future.

So celebrate what Memorial Day stands for and have a stress-free(me) or stressful(you) weekend!!! As jimbo-cramerski says "triple-fn-booya-tooya!"
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Hoping everyone enjoyed their Memorial Day weekend. Paying respect to those that gave their courage and lives in honor of our country... Oh my... would you look at that. Another vault higher in the markets. Soon we will be paying our respect to the shorts as well....
 
Will SPX lose the ghost on Monday? Tune in.

Funny thing is, EURO has nowhere to go but down against the dollar, so this is going to be mayhem.
 
Quote from nitro:

Will SPX lose the ghost on Monday? Tune in.

Funny thing is, EURO has nowhere to go but down against the dollar, so this is going to be mayhem.
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Well, seems the "ghost" got lost. DJIA up 110, EUR$ up 80... Mayhem nowhere to be found, lol!
 
1620 initial target, then of course 1600 [minor]. Then 1572, then 1542, then 1520, then 1480. Then I back off.

Breakeven on the open trades [short 4 units] is 1605. [Before the +30 handle that I am plus on the last round but let's keep that separate].
 
Quote from Pipflow:

Not able to draw much conclusion from these price levels, so expect to test for some good levels to take up the trade.
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Those levels are pretty rock solid, although I have seen people use minor corrections around them, mostly a bit higher because of the asymmetrical risk of the market. They are as "ancient" as this thread.
 
http://www.cnbc.com/id/10000760

Signs of 2007 housing games are beginning to appear again. People are getting close to breakeven on their houses, and are looking to exit and run with their $. The supply of housing will be enourmous as the real estate prices rise. The FED hasn't just created an equity bubble [see below], but is in the throws of anihilating the RE market again.

In the meantime, corporations continue to borrow at nearly 0% IR from the government's QE^Infinity, not to hire or invest in new equipment or RD, but to buy back their shares.

Nice
 
Heck, the endless worries about jobs reports are a panacea for manipulation. Think about it, as a CEO, why would you ever hire? Instead, don't hire and "paint the tape" that is the unemployment report, force the FED to keep interests rates low [because if they we don't, oh my God the unemployment will rise! QE^Infinity!], buy back your shares by borrowing cheap from the FED, and point to the stock price as to what a good job you are doing.

Incredible that the government hasn't caught up with the scam yet.
 
Now minutely green on sequence of trades. Odds of 1600 holding are nearly zero. I have no idea when it breaks, but break it will. Then it will go to 1572 with a possible stop at 1592.

Longer term, what is stopping 1480?
 
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