Just as market was was showing follow-through to the downside yesterday...this whole mess with the Naz halt has changed the dynamic and the market acted like the cure for cancer was found. Effing crooks.
That is actually similar to a trading halt for 3+ hours ! A new strategy to stop the slide !
You know I have a bearish outlook.
But like I said yesterday, looks like rally mode for a while. I suspect the next sell off will either come from debt ceiling debates, and probably just if/when it looks like a shut down is possible.
There are wild cards, sudden spike in rates, geopolitical event, etc.
Added SRS calls (Jan OTM) today. Next week I'll look at IYR puts.
Meanwhile the short term trades are probably going to be looking for upside.
Notice today after the housing numbers, the market started to sell off hard, but then the treasuries got some buying, the rate dropped, and the market went into rally mode.
Nah. It was a strong day. Clearly aapl selling caused a seizure but if its all conspiracy to deter selling, why keep it closed for 3 hours? And why didn't selling resume after the halt?
Duh #$%$ do think the exchange was doing for 3 hours?! They were taking that seller 'off book' For Pete's sake wake up man.
Sentiment: Strong Sell
the bots figured markets consolidated at the halt level and buy programs got easily kicked in
moral: be the #$%$
scared all humans away,just what fed-cartel wanted
Looks like a conditioning effort-one big seller came in yesterday and they just closed the exchange. That'll keep them from thinking about dumping shares-right? GFL.
Yep...if we don't like your trades...we'll CLOSE. So there - take THAT!