and oh the market won't take that well. Sure Yellen will try to spin things but it won't work. Not when half the Fed board is telling her to raise rates end of the year or early 2015. Yellen can't play down the improvement of U.S. economy and she certainly can't say things are worse today then they were a year ago. Oh, just the whiff of a rumored rate hike in Yellen's speech and the market goes South big time. And should Yellen chicken out and say nothing about future interest rate hike, the market will still know it coming. And coming on the back of September and October - two months usually not good for stock market longs.
Can't wait for Yellen speech tomorrow and for this to hit the $21 mark tomorrow, making it a new all time low.... guppies keep powder dry to start long positions tomorrow....
Funny, I see a large gap from the Spot-F1 that needs filling, I see a big market rally in the cards will another squeeze around 2000
And this could be your time to buy Uvxy and go long since the market is ignoring higher interest rate and not seeing the forest for the trees. Uvxy though know the Fed is going to have to raise rates earlier they they thought. End of year or early 2015. When reality hits and the market wakes up to the smell of higher rates, Uvxy will double in 24 hours.
Expecting Dovish stance by Yellen tomorrow but UE claims point to slightly hawkish, lack of movement in barometers thus far after the numbers release including US dollar index, UST 10y yield & Vix with 2+billion of POMO on deck to support will give Bulls a sense of relief for now while they await the Friday rally from Yellen. Nice little Gold and Silver smackdown which is nice to see if you are a buyer accumulating. No trades today, take a day off. GL all
western europe is still dependent on russia when it comes to LNG and besides that russia is making good for the piigs countries atm i.e. germany has to keep the russian and chinese front open for trading or it will choke itself to death and if germany dies most of the eu nations die with it.As always money dictate the foreign policies.
Ukraine is not going to start WWIII no matter what happens. No one is going to stop Russia if Russia wants to. They rolled into Crimea without so much as a whimper from the West.
2+ Billion is loose POMO cash hitting the market tomorrow after UE data. I am thinking that market treads water into late afternoon and ends roughly even but Friday is likely to be bullish.
I would wait a little more.Wait for 2090 minimum.The top is near.The stock market which is built on the foundation of cheap money, is going to topple when the rug is pulled from under it.DJIA target is between 17400-17800.
Are you thinking this will bump up more tomorrow or stay flat?
as more hedging being put on at these nosebleed levels. The wide gap in the Spot VIX versus the front month is a problem if you get a one day sell off in the market as UVXY will barely rise as Spot fills the gap and the the Dip buyers rush in and UVXY ends with a loss after a down day, opposite of today. THE SPX is too close to the 2000 hurdle at this point to not make a serious run at it so keep your powder dry and wait until at least middle of next week to initiate any short position.
Fed will warn of high interest rates in future and will tell everyone they plan to lay out there rate increase strategy in September. Now there not raising rates in September, but the Fed will start the process of walking the dog in thirty days. Best to be prepared for a market sell off at 2 pm, or you might be left holding the bag.