MORE FREE MONEY!!! Mario ;Draghi (a Goldman employee) ;will discuss his $75Bn/month QE program for the ECB ;this morning and the BOE (another Goldman employee) has already announced they will continue their $35Bn/month QE program while Japan continues their $80Bn/month QE program and our…
Author: phil
Testy Tuesday – Nasdaq 5,000 and Bust!
Boy is this getting silly. ; Apparently, we never learn. ;Well, we at PSW learn. ;We've been hedging the crap out of this rally for reasons that should be entirely evident on this chart – earnings are NOT GOOD! ; If earnings aren't good, then why are companies racing up…
February’s Fantastic Finish – Everything is Awesome!
Everything is AWESOME! ; The Nasdaq is about to hit 5,000 and AMZN costs over 200 times what it makes in a year and NFLX costs 100 times what it makes and people think that's AWESOME! ;After all, Americans love overpaying for things – it makes us feel rich and, if you are…
Tempting Tuesday – Will Yellen Push Us Past 2,200?
Look at those makets go! ; Nasdaq 4,960 – just 40 points to 5,000 after popping up from 4,600 at the beginning of the month. ;That will be almost 10{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} in a month if we pop 5,000 – no wonder no one wants to buy a home or put money in the bank when the stock…
Fixin’ It Friday – Greece Talks Yet Again
Wheeeee, what a ride! ; As you can see from the chart, Greece has been up and down 10{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} 4 times in 5 days and last week we gave you a Trade Idea for trading Greece long using the GREK Feb (expires today) $11/12 bull call spread at 0.50 to make 100{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} in 5 days…
2,100 Tuesday – S&P Tests Along with Nasdaq 5,000
Holy cow, look at those indexes go! ; With the NYSE finally above our Must Hold line at 11,000 – it may be time to give up on our bearish positions and just "go with the flow" BUT we still have S&P 1,100 and Nasdaq 5,000 to punch through and THEN we…
Thursday Fixes: Greece and Ukraine Looking Good!
Want to make 100{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} in 5 days? ; The GREK Feb $11/12 bull call spread is 0.50 and, if GREK finishes over $12 next Friday, you get $1 back. ;Each 100 option contract is $50 so, if you need to make $500, you buy 10 of them and come back next Friday for your $…
Stimulating Tuesday – China’s at it Again
Thank you China, ;may I have another? Another $7.2Bn that is as those Godless Communists inject another round of stimulus into their Financial System to boost the markets and stave off deflation. ;That's right, as you can see from the prices in this Lianyungang supermarket, everything is on…
Non-Farm Friday – Is America Working?
What a recovery! ; It's even better than the last two recoveries last month but not quite as good as the recovery we had in December. ;From a Big Chart perspective, using our 5{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} Rule™, we're still waiting for the NYSE to finally confirm a real rally by going…
Testy Tuesday – Back to our Strong Bounce Lines Again
Boy this is fun! ; It sure is fun for those of us getting in and out of our Futures trades as the lines have been fairly reliable in the channels as we make lower lows and lower highs on the way down, with plenty of up and down action in…
Boxing Day Boost – Everything is Awesome!
Everything is awesome! ; Yes, I've been watching the Lego Movie with my kids but it does sum up the mood in the markets as we finish up the week with MORE FREE MONEY from our Chinese masters. ;That's right, In order to keep the party going, the PBOC…