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Direxion Daily Financial Bear 3X ETF Message Board

  • jimguthery jimguthery Apr 9, 2011 10:44 AM Flag

    I think the storm is about to hit.

    Most Perfect storm brewing... all technicals at massively overbought conditions as we head in to earnings week.

    Put buying on SPY squashes call buying.

    Gap up, up, up, distribute (all gaps up on no volume)

    Every polyana under the sun literally screaming at you to buy stock. Even telling you to buy the banks.

    Housing in double dip, Fed going to pull the punch bowl, the treasury yields are at levels they were before QE after the fed buys 850B in toilet paper bonds. Interest rates rise as the bond market knows the inflation that awaits

    Weekly bear report shows the biggest drop in 7 years down to 15%; contrasted with last year's 24% of bulls in August lows

    Gas already at $4 a gallon, AND WILL GO HIGHER as the prices today hit the gas pumps tomorrow---yet retail stocks shoot to the moon.

    Government shut down as spending is being cut...government jobs being sliced in local and state entities.

    VIX at 52 week low this entire week (shot up today).

    And yet things just couldn't be better.

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35.60+0.14(+0.39%)11:44 AMEDT