Why is the market rallying?

[makloda]

Quote from ssbc19:
And I'm watching the 10-year and the yen, because neither are following this move higher.

10y is down big, JPY down big. Exactly like you'd expect.

 

[ssbc19]

Quote from makloda:

10y is down big, JPY down big. Exactly like you'd expect.

JPY was weak this morning, but seems to made a bottom around 9:45 while the market keeps rallying

 

[makloda]

Not sure what you're looking at, Globex JPY futures are down 2.2% on my screen. A pretty decent move for a currency. CHF down 1.9%.

 

[ssbc19]

Quote from makloda:

Not sure what you're looking at, Globex JPY futures are down 2.2% on my screen. A pretty decent move for a currency. CHF down 1.9%.

Ok, I'm just watching spot prices, which are going lower now

 

[dajuicer]

Quote from PaulRon:

??

They are all outside your office waiting for you to take a position. Just as you do that, "they" take the opposite position, and because "they" have millions of dollars to just piss away, they quickly screw you.

Man, every seasoned trader knows that.

Sheesh.

 

[paysense]

Quote from ssbc19:
The volume is pretty light as well.

We saw some professional selling last Thursday. Today the volume has spiked notably.

p$


ROTFLMAO: Stock_Trd3r has taken a break - just when the Dow jumps 375 points:eek: !

 

[xflat2186]

Quote from ssbc19:

I'm short this move.

It's definitely an interesting day. We've formed a couple of descending triangles in the spy, and when it looks like we're going lower, we just scream higher.

The volume is pretty light as well.

And I'm watching the 10-year and the yen, because neither are following this move higher.

TRIN seems really low. Just a quick check of the past 20 days, when TRIN gets this low there is usually a sell-off shortly after.

Nice post... lets see what the rest of the week brings

 

[wjk]

Quote from xflat2186:

New Quarter New Money

My thoughts, also. Add to that the perception we are at a bottom, even though we may not yet be, can't think the money managers want to explain why they were late to the party if we have indeed bottomed.

I almost never enter the market biased, but I actually held a large long overnight last night and got long out of the gate this morning. Haven't played long in awhile. Felt strange.

 

[Landis82]

Quote from Brandonf:

People get all confused and they think that stocks are an actual representation of the underlying company, when in fact thats only a small part of it. A good analogy is that a stock is a commodity that has some relationship to the underlying equity as well as the market in generall and any number of other things.

Very true.
And often times people get the two confused.

 

[Landis82]

Quote from PaulRon:

i appreciate the responses but i thought i might have missed a report or a rate cut or something 300 points off the bat is not very usual

Too many "Gloom & Doomer" ET posters.