This gravity defying rally (even with the weak technicals) looks impressive. But another big gap up on the Nasdaq and S&P, as well as a small one on the DOW, adds to the fragility of the rally (add in continued weak volume). Nasd slow stochastics also went briefly below support. When it does come down, look out below. Still cautiously bearish here.
@rfdoomz I don't. It's coming. It's the only trick the gangsters have left, and they want to avoid deflation at all costs. Whether it will be announced as QE round two or, much more likely, disguised as something else, the result will be the same - soaring stock, commodity and gold prices. And butt loads more money being printed.
@richgac21 I apologize to you: I partly misread your initial post. I did not mean to sound sarcastic. I am just surprised that you "know nothing about investing" yet you have chosen a highly leveraged fund that is capable of going against you by 300%. If you have found a pattern in the price and you can catch it on its way up and sell as it tops out then you are a smarter trader than I am. Your timing does have to be very accurate, especially with the volatility we have seen recently.
@rfdoomz I'm thinking that they may want to run things down to make it easier to implement QE but they may also just want to keep things looking like what they've done so far is working and keep things moving along.
The fundamentals are ugly but I don't like betting against the guys with the printing press. Even if the market only goes up in nominal terms, it affects our accounts.
The current, short term trend is now up so I will cautiously play the up side.
Great tech analysis of the major stock indexes, but the Dow has been strong since the 30th.
forexyard 1 year ago
This gravity defying rally (even with the weak technicals) looks impressive. But another big gap up on the Nasdaq and S&P, as well as a small one on the DOW, adds to the fragility of the rally (add in continued weak volume). Nasd slow stochastics also went briefly below support. When it does come down, look out below. Still cautiously bearish here.
colty77 1 year ago
@rfdoomz Not only that, but Bernanke himself in his talk last week warned about the dangers of deficit spending.
cunnidvd 1 year ago
@rfdoomz It is ultrashort the FTSE as well...Go to yahoo finance and type in FXP and then click on profile.
Bmx33606 1 year ago
@richgac21 I have made money on TZA it swings fast up and down, on a good down day you can make alot of money!
bohemianh 1 year ago
@Bmx33606 Thank you for your reply !!! Will do on Monday.
TheChaco2009 1 year ago
@rfdoomz I don't. It's coming. It's the only trick the gangsters have left, and they want to avoid deflation at all costs. Whether it will be announced as QE round two or, much more likely, disguised as something else, the result will be the same - soaring stock, commodity and gold prices. And butt loads more money being printed.
OldMrGrace 1 year ago
@richgac21 I apologize to you: I partly misread your initial post. I did not mean to sound sarcastic. I am just surprised that you "know nothing about investing" yet you have chosen a highly leveraged fund that is capable of going against you by 300%. If you have found a pattern in the price and you can catch it on its way up and sell as it tops out then you are a smarter trader than I am. Your timing does have to be very accurate, especially with the volatility we have seen recently.
OldMrGrace 1 year ago
@richgac21
Play TZA and TNA back and forth. Make money in both dip and pullback! FAS/FAZ and DRN/DRV also good.
astoria3011 1 year ago
@rfdoomz I'm thinking that they may want to run things down to make it easier to implement QE but they may also just want to keep things looking like what they've done so far is working and keep things moving along.
The fundamentals are ugly but I don't like betting against the guys with the printing press. Even if the market only goes up in nominal terms, it affects our accounts.
The current, short term trend is now up so I will cautiously play the up side.
LeedansParis 1 year ago