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aussiebear

World Stock Markets Trading Discussion - Feathery farce

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big.chart?nosettings=1&symb=AU%3AXAO&uf=

http://bigcharts.mar...com/default.asp

 

All Ords made what looks like a rounding top intraday, closing -0.1%.  Sectors ranged from Gold +3.5% down to IT -0.6%.

Generally down in Asia: China -0.7%, Hong Kong -0.5%, Japan -0.1%, India currently +0.2%.


Mixed in UK/Europe: FTSE -0.1%, DAX +1.5%, CAC +0.8%.

 

 

big.chart?nosettings=1&symb=UK%3AUKX&uf=

 

 

 

big.chart?nosettings=1&symb=DX%3ADAX&uf=

 

 

big.chart?nosettings=1&symb=FR%3APX1&uf=

 

http://bigcharts.mar...com/default.asp

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the bottom line is this:  the charts are bullish and so is liquidity

 

short at your own will

 

bearish sentiment is everywhere, you don't have this at tops

 

the spx and dow will hit ath's and then blow it out and run

 

only market to be short are bonds, they will get crushed

 

equities are going vertical, only "guru" to get this right is armstrong

 

but, i trade charts, not guru's

 

at this stage of the market, all indicators, cycles, etc will be useless

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Farcebook

 I was just going to mention that every strip mall broker has their people in FB. It has been stuck in my mind ever since an acquaintance mentioned it to me a couple of months ago. Every last person there can be is in the market now I would think. Well a breakout to new highs in the DOW, and S&P to a lesser extent..............

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I have 2 kids.

None of them use facebook but they are on Instagram. 

All my friends and coworkers also no longer use facebook.  

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the bottom line is this:  the charts are bullish and so is liquidity

 

short at your own will

 

bearish sentiment is everywhere, you don't have this at tops

 

the spx and dow will hit ath's and then blow it out and run

 

only market to be short are bonds, they will get crushed

 

equities are going vertical, only "guru" to get this right is armstrong

 

but, i trade charts, not guru's

 

at this stage of the market, all indicators, cycles, etc will be useless

I respect Armstrong, However, there is an important distinction between a market going up on liquidity versus a mania or leverage. The rotation into US stocks may simply be a rotation out of bonds or money managers chasing performance. There is nothing new here. Lee's liquidity analysis is outstanding and shows the game for what it is. I think the market will crack hard as draining liquidity hits its pressure point. Ignore this at your own peril. The market could go higher as shorts get squeezed. Very similar to all other tops. However, commodities, emerging markets, and foreign currencies have been telling us that a deleveraging event is unfolding under the surface. Any real pressure on US asset values will ultimately lead to the dollar being sacrificed, This is precisely the assets which are being shaken now.  This has been the playbook for the last 30 years. I agree interest rates are going higher and the liquidation from bonds will probably drive inflation higher. This may lead to higher stock markets down the road, but I think the central banks are trying to slow down this melt up.

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