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SPDR S&P 500 ETF Message Board

  • jlcconsult1 jlcconsult1 May 1, 2013 12:00 PM Flag

    TODAY IS PROBABLY THE MOST IMPORTANT,

     

    day of the year. for 6 months now this thing( they call a market) has gone straight up. with fed. meeting and nervous big boys looking to dump at the highs, it could get ugly really FAST.

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    • There's one stat that speaks overwhelmingly to go against that though. It's FED day.

      Canada Globe and Mail:

      "But the trend over the past four-plus years is far more impressive. Bespoke Investment Group looked at the reaction from the S&P 500 on Fed days, going back to December 2008, when the Fed cut its key rate to rock-bottom during the financial crisis. Including that day, they discovered that Fed days alone (34 of them) have accounted for more than 30 per cent of the market’s gains.

      According to Bespoke, the index has risen 65 per cent of the time on Fed days, for an average gain of 0.63 per cent – well above the average gain of 0.38 per cent on Fed days going back to 1994."

      1 in 3 chance of downward action at the close today. I'm not saying it can't happen but the playbook appears to "ensure enough smoke is blown up the FED's #$%$" to support their positions as positive. Now who would be able to do that consistently in an obviously free, non-manipulated market.........????

      Sentiment: Strong Sell

    • I agree, and if anyone has there doubts. All they have to do is look at what happened in last weeks flash crash. Where were those big bids then. Huh?

      Sentiment: Sell

 
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