What the heck is the market waiting for?

[Spectre2007]

Interesting. Barely an upturn in the money supply during the bull market. Is this a first time anomally?

Even though growth has occurred in M2, the velocity of it keeps fallling meaning after repeated traumas PTSD of the public has occurred and they are hoarding. It's almost as if the public has tightened already, and the FED is tightening? As velocity plummets..

Why is the public hoarding?.. looking at real unemployment.

 

[java]

We have been chopping in a range for about 2 months now...... Europe has hit a key resistance level and also has joined us in the range bound trading activity....

What news/catalyst is the market waiting for to take us out of this range?

Good question. It has looked obvious to me all through 2016, 20,000 dow, and then something needed, like a new catalyst. The one you have to watch out for is when the catalyst is just a general acceptance of higher p/e ratios.

 

[heavenskrow]

Quite funny how the day after I make this thread, we get the move out of the range.....Haha Clinton Dix

 

[SoesWasBetter]

its waiting to make a lot of money selling options around the pivot.

 

[big mac]

the market is at all time high, we are looking for justification