Pretty nasty sell off going on, must be down 10% since Monday
I certainly didn't get the setup for a short covering rally and don't think i will this week...
More than 100 years of data show that the worst month for stocks is September
yeah, spx cash futes just broke retested yesterdays cash pivot....a shift....
...isnt September worst month of all months for longs?
lol, can never tell if US always manages to hold up for highs and hold down to lows into ops expiration thurs/fridays
edit
ha! ...and guess who put out these numbers
http://www.elliottwave.com/freeupda...Months-October-Think-Again.aspx#axzz3jLirGDA1
German bonds were starting to look bearish, until the equities hit that sweet spot and then rallied quick smart...
I reckon early August is just about gonna be it (time to put dem hedges on), short of another Central Bank front lawn dump.
View attachment 63611
Oh yes and to all those pundits who chant like a frickin mantra that the Fed is desperate to "normalize" rates. Ummm, no it isn't. 'Oh they need room to move in case there is a crisis!?' Ummm no. They could do more QE even though it doesn't work, people love it, or they could cut interest rates down to -1,-2,-3,-4,-5,-6%>>>>>>
No one has to do anything and there is as much flex as you want!
09:45*(CN) CHINA AUG CAIXIN/MARKIT FLASH MANUFACTURING PMI: 47.1 V 48.2E (lowest since Mar 2009)- Output 46.6 (lowest since Nov 2011) - Source TradeTheNews.com
I see the PMI figure went over well....
Jason Goepfert said:This is the highest the CBOE total put/call ratio has been this far into the day since at least 2004.
Good Morning Europe...have fun!
Don't tell me! Let me guess! Funerals r us!One stock in the Euro 600 in positive. ONE!!!
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