Ring the register or gamble!
Does the mkt remember Bernanke said same thing about the Housing leverage in 2008
same bad breadth divergence in play today. 24Hi's 105Lows - not good - this may resolve itself but then again... it may not
I just did the update to 16
I don't recall saying those words to you - I recall saying something to the effect of "live and learn" in response to myself not seeing the exogenous event right in front of my eyes which was oil price impacting general mkt due to leverage in the system - It didn't really matter because the Hindenburg Omen got it right - but If I could have Id'd the exogenous event it might have made me more likely to hedge using the VXX which at the time I said I was not going to use the VXX when it was in the 25 range so that would have been a nice 10 point banger.
way too many words to say - no I did not say that to you - LOL
big oil jumping causing swing in Dow - due to perception oil may have bottomed - Kerry also had some positive words about Putin compliance - lots of noise.
just the facts m'am - ah sir - ok so market is up but just checked the NYSE 52 week hi lo and it shows a divergence: showing 13, 52wk hi's vs 404, 52wklo's - now this may correct itself through the day but - then again who knows - be careful if you are chasing.
Art Cashin said the seasonal is on our side - day before a fed meeting and also the holiday & fall seasonal which may explain the turn from negative and pop. Fed is likely to stay dovish and not take out language which would royal the mkts. Could be oil stabilization playing through too.
200 DMA marker should be tested this would be the step to the 5% correction on the market the Hindenburg Omen warned of. 200 DMA now at 1946.95 based on calculations as of the close yesterday.
The Exogenous event catalyst is the oil margin call which is spreading contagion concerns. Stay strong. It is not this: "Man looks in the abyss, there's nothing staring back at him. At that moment, man finds his character. And that is what keeps him out of the abyss."
Yup I had a feeling by the way she was talking that she was starting to get sucked in by the hype. Odds makers even got sucked in. Makes one complacent. Strut you stumble. She was really hyped for the fight - big adrenalin dump. Looked a little gassed out by the 3rd round. Defending the take downs looked a little weak after the initial. Very exciting fighter. Give her some more seasoning and she will be on top. Joanna Jedrzejczyk looked like a coming contender tonight with her win against Claudia Gadelha.
Still sad my Rose did not win.
My girl Rose "Thug" Namajunas is fighting for the 115 Straw Weight Title against Carla Esparza. Good Luck to both but hope Thug takes the Title.
Ay, ay, ay, ay, ay, ay, ay
Crazy, but that's how it goes
Millions of people living as foes
Maybe it's not too late
To learn how to love
And forget how to hate
Mental wounds not healing
Life's a bitter shame
I'm going off the rails on a crazy train
1st breach target is SPX 50 DMA at 1999.625 if that goes then take a look at the 100 DMA at 1987.80 ultimately we are looking for the 200 DMA test at 1945.51 but depends on how the market deals with the current exogenous event.