Where do Markets go From Here?
- Global stocks are flying high to start the week, and are testing ATH's on Tuesday morning. The MSM are all singing the same song of sunshine and rainbows, with recent Chinese, and US data, showing signs of continued strength. We all know the data is completely bogus, and is possibly the reason why over 18 million Americans are still on some form of income benefits. If you don't have accurate data, for example: the BLS recently revealed that upwards of 50% of their data is based on estimates, then don't share it. It's not accurate, and not by a long shot. How could this data be used to formulate economic policy? What a complete joke.
- The few bears left standing have most likely been seeked out, and decimated by this recent surge in stocks. As a reminer, we rallied everyday heading into the end of Q3, after one of the best quarterly performances in history (zero visible month-end selling). This market just reeks of fraud and greed right now.
- The S&P is set to open down around 0.16% to 4,061.12, with the Dow down 0.20% to 33,346, the Nasdaq flat at 13,586, and the Russell down around 0.20% to 2,258.
- Vix is seeing a light bid after hitting a new low of 17.30, and is back at an 18 handle as of 9AM. The PA on Vix is not normal, nor is it accurate. It's completely manipulated by the Fed Put, and other MM's who are addicted to raking in premium while markets drift sideways/melt higher.
- The US10Y Treasury yield is sitting comfortably around a 1.68%, but is notably off the recent highs. Foreign institutions will be taking advantage of the US10Y yield as it's quite attractive compared to other G20 nations. The US30Y also retreated back to 2.34%, and continues to skip along key support levels, including the 21 day EMA at 2.33, which is acting as strong support.
- European markets traded are up across the board, with the CAC40 up by 0.42%, and the Dax up 0.54%, with the FTSE 100 up 0.48%, and the SMI up 0.15%. I swear the worse the economic landscape in the Euro-zone, the better stock markets do. It's all central banks. Asian markets were mixed, with the Hang Seng up 2.2%, the CSI 300 down 0.44%, and the Nikkei 225 down 1.34%.
- Gold is up around 0.50% to 1,737, with Silver up by as much as 1%. We're now trading around 25. Platinum is a rocket today, and is up 1.6%, and is sitting at 1,229, while Copper traded lower by 1.2% to 4.08, and Palladium rose by 1.5% to 2,696.
- Crude is up notably, with WTI up around 1.4%, and trading at 59.43, and Brent up 1.2%, and trading around 62.88.
- The US Dollar (DXY) is levitating around 92.54 after seeing some weakness to strat the week. We'll have to see if we get another leg higher on some potential profit taking this week.
- Our live analysis begins at 9:30AM!
*I am/ we are currently holding positions in UVXY, HQD, QID
- The few bears left standing have most likely been seeked out, and decimated by this recent surge in stocks. As a reminer, we rallied everyday heading into the end of Q3, after one of the best quarterly performances in history (zero visible month-end selling). This market just reeks of fraud and greed right now.
- The S&P is set to open down around 0.16% to 4,061.12, with the Dow down 0.20% to 33,346, the Nasdaq flat at 13,586, and the Russell down around 0.20% to 2,258.
- Vix is seeing a light bid after hitting a new low of 17.30, and is back at an 18 handle as of 9AM. The PA on Vix is not normal, nor is it accurate. It's completely manipulated by the Fed Put, and other MM's who are addicted to raking in premium while markets drift sideways/melt higher.
- The US10Y Treasury yield is sitting comfortably around a 1.68%, but is notably off the recent highs. Foreign institutions will be taking advantage of the US10Y yield as it's quite attractive compared to other G20 nations. The US30Y also retreated back to 2.34%, and continues to skip along key support levels, including the 21 day EMA at 2.33, which is acting as strong support.
- European markets traded are up across the board, with the CAC40 up by 0.42%, and the Dax up 0.54%, with the FTSE 100 up 0.48%, and the SMI up 0.15%. I swear the worse the economic landscape in the Euro-zone, the better stock markets do. It's all central banks. Asian markets were mixed, with the Hang Seng up 2.2%, the CSI 300 down 0.44%, and the Nikkei 225 down 1.34%.
- Gold is up around 0.50% to 1,737, with Silver up by as much as 1%. We're now trading around 25. Platinum is a rocket today, and is up 1.6%, and is sitting at 1,229, while Copper traded lower by 1.2% to 4.08, and Palladium rose by 1.5% to 2,696.
- Crude is up notably, with WTI up around 1.4%, and trading at 59.43, and Brent up 1.2%, and trading around 62.88.
- The US Dollar (DXY) is levitating around 92.54 after seeing some weakness to strat the week. We'll have to see if we get another leg higher on some potential profit taking this week.
- Our live analysis begins at 9:30AM!
*I am/ we are currently holding positions in UVXY, HQD, QID
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