Mark this post. Time to short!
Big blue chip and pharma stocks are doing the best.
Look at the past 3 days of 3 huge gap downs...LOL...this is how hyped stocks play out. Watch and learn. I profited in both directions. LOL
What a volatility...
totally well manipulated...we just gotta play along their game...
Strange divergence...in fact, the entire market is erratic these days. LOL
Such a divergence is rarely seen. So money is coming out of the small caps and moving large caps today.
Though I think it will be short lived as global macro economy is slowing and there is easy stoppage to that in coming months. Let's the market soar today for the greater fall next week.
Russell fell harder so bargain hunters picked it up the last 2 days, and now with Fed's (BS) comment, traders are moving back to the big stocks starting mid-day yesterday. I think this bounce will be short-lived.
Today is monthly option expiration, so it's being manipulated to squash the volatility and heavily loaded put option holders. And then come Monday, the market will resume the fall.
Today is monthly options expiration day so there is a lot of option bets are at stake, so I think the market is bit manipulated starting from towards closing yesterday and through today. So come on Monday, I think the market will face selling pressure again. One way to gauge this is AH activity, just after the close.
I'm not sure that there is much substance to actual QE4, but it sure did quiet the market.
So while it hurt my option position yesterday, but for the benefit of overall market and US economy, I guess it was good.
Man...this EBOLA threat is just not stopping any time soon.
In Round 1: EBOLA trumphed FED.
It's amazing how just a small short remark from only one of the Fed can reverse market this much.
I don't believe QE4 is likely but Fed sure knows how to play the game.
I think it's manipulation. Slowing economy was already pulling down the oil, and with outbreak of Ebola threat, airline are tanking, hence oil should be falling as well. But oil and gold are two of the most manipulated commodities so look for a reversal down in coming days. Slowing economy won't hold up the oil for many months to come.
Fed's comment saved today, but tomorrow is another day of scare in the market.l