Exceptional clear view of the market, great job by Andy Dufresne
It looks like 1080 on the S&P is an intermediate-term high, with the potential to become a major multi-month—dare I say year—high. Sell the pigs that flew the highest in this rally now.
To sell the rally you must have tried to buy it first—the other [...]
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Bloomberg:
The VIX rose with the Standard & Poor’s 500 Index, a sign from the options market that the steepest three-day rally for stocks since June is poised to end.
The Chicago Board Options Exchange Volatility Index, as the VIX is known, added 1.7 percent to 25.44 at 2 p.m. in New York. The S&P 500 gained [...]
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Ai note: prepare for break. Keep in mind that Plunge P Team is not in the market, you could not see their business at the stock market close….next target for gold $1200-$1250.
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When was the last time a central bank set out to shrink the money supply? A similar question: when was the last time a gang of thieves put property into people’s houses rather than took it out? Or: when was the last time a fox protected hens from harm?
“senior officials of the Chinese government grill[ed] [...]