I have owned this in the past. It's time again. In interest of full disclosure I have been very negative but something changed this week. i started to buy with a very small position. I will be adding next week. When this thing moves it is one of the best trading vehicles you will find. IT'S TIME.
They turned on the heat can you imagine her announcement next week. Well ah we see nothing short of something not to worry about if something becomes nothing we can raise rates then but as for now nothing seems fine so we are OK anything until we are not
Market getting crushed now she has the excuse she wanted not to raise rates. Wish I could have been in in on the calls to the traders to crush this thing now. With Janet having your back they can knock the socks off this thing. Phone tree-White House to Janet janet to the trading desks. TANK IT NOW...
Credit card transactions are down form last year. We know price promotions are big--which makes the number of transactions even more important. Translation= dump the thing now
Janet wants it down and the market knows they can tank the thing with a wink from the Fed..
No blow back just push it down for the next week. Janet wants cover not to raise.
SPX 1 trillion worth of options to pin the tail on the longs. Trading desks are in panic over the size.
will drop like a stone over the next few weeks. 1 trillion worth of SPX puts will expire and you can bet they will peg the expiration to the biggest strikes . what has this to do with AMZN. the beast has been trading right along with the general market for weeks. Best place to go to sell in a panic-- big cap hot tech stocks. Guess who that is. Tech rally is over for now so all those high flyers will be sold off. No Santa Rally just a year end plunge catching most flat footed. Except of course the trading desks who are looking in horror at the trillion dollar expiration. Fed to get bailed out by wall street. No rate hike. Janet's prayers will be answered. She is begging for an excuse to free her from a rate hike.
Maybe less then 2 weeks---Have they already started-- Goldman gets the green light to start the plunge-- not yet! If they already feel confident then you best get your selves out now. The markets will bail out the fed without any fear of government reprisals. They are helping the fed bail themselves out of a bad move. It's not only Goldman in fact most of the trading houses will help the fed. It's all part of the partnership between wall street and the fed.. In fact Goldman may only be a bit player in this one. Can you imagine the money they are going to make at your expense. Government will be laughing while trying to keep a straight face. Might even have Bernie and Hillary make a few announcements about how wall street did in the small investor. Anything to give the appearance of legitimacy.
the collapse in the SPX. 1 trillion dollar peg to low SPX in the week of the Fed announcement. the expiration may be front runner as soon as this week. Fake out fed you might have to reverse your rate hike 3 days after thou announce it. Most likely they know this and will not announce a rate hike. If the market dumps before the rate hike the fed will be saved. Fed is praying the dump takes place now and not after the hike. Total disaster if the have to reverse 3 days after a hike.