Just now meeting with the DVWAP 2nd Dev Band resistance. Price will likely consolidate over lunch then push through to yesterday's high or all time high. I have targets at the 1595.50 and 1599.75 areas.
Well, well, well, we?re here again with another day that brings
more bearish global economic data?and higher equity prices.
The whole idea is surely absurd but it continues. And why
not; we got?s-the hopium baby!
The poor economic data that flows day-after-day-after-day and
begets higher share prices, but is nothing less than a scam, is
brought to you by the central banksters of the world. Chairman
MaoNanke?s scams have grown like a cancer across the globe;
however, the scam seems to be growing into a deadly cancer.
Central banksters are now buying their favorite stocks?YES,
EQUITIES?with taxpayer funds. Holy-Hell, what a fund that must
From Bloomberg we read the specifics?
In a survey of 60 central bankers this month by Central Banking
Publications and Royal Bank of Scotland Group Plc, 23 percent
said they own shares or plan to buy them. The Bank of Japan,
holder of the second-biggest reserves, said April 4 it will
more than double investments in equity exchange-traded funds to
3.5 trillion yen ($35.2 billion) by 2014. The Bank of Israel
bought stocks for the first time last year while the Swiss
National Bank and the Czech National Bank have boosted their
holdings to at least 10 percent of reserves.
?In the last year or so, I have spoken with 103 central banks
on diversification,? Gary Smith, London-based global head of
official institutions at BNP Paribas Investment Partners, which
oversees about $649 billion, said in a phone interview. ?If
reserves are growing, so are diversification pressures.
Equities are not for every bank tomorrow, but more are
continuing down this path.?
If reserves are growing? pressure to diversifybuying
equities? etc by CENTRAL BANKS?and you all wonder why I call
the market a scam?
It is NOT a free market.
Those closest to the government get to run it: The
It is a Centrally Planned market.
Oh, and if you need more evidence (although it is all around
you every day) the Kleptocracy beyond the central bank
continues to grow WITHOUT SHAME. Those in power want cheap
healthcare but they don?t want to pay for it even though they
voted for it!
Oh sure, they love the ?law;? that is to say: they love the
idea. But they HATE the very reality that they not only voted
for, but will demand until their last breath. It?s a scam, and
it is truly sickening. Seriously, you?re just a voter ? a
jester ? a fool ? in their game of manipulation.
Well done and good call!
I had my nap (second half of my nighttime sleep) after posting this.
I slept 12:30 to 3:30 and then 9:30 to 14:30 my time (PT).
If I have no trade in place by 10am CT my rules say don't trade.
If I don't expect a range of more than 12pts then no trading for that day.
Today was a "checkmark" shaped day so a reversal of intraday direction at 9:04 (CT) low.
I'm working on... time permitting .... identifying the days shape in advance.
after the close and after I wake up I collect end of day data and update my spreadsheets -- two more hours work and then go for a coffee and review theday and look for ideas. That make it 8pm PT and then supper, chores and bedtime wrap -up ... and its mignight!!
07:28 am : [BRIEFING.COM] U.S. equity futures have slipped in reaction to a disappointing ADP Employment Change report. According to today's ADP National Employment Report, employment in the nonfarm private business sector rose by 119K in April. This was below the increase of 155K expected by the Briefing.com consensus.
Cobra » Wed May 01, 2013 7:47 am Flat open, so any gap will be filled.
Could be a rising wedge on Global ES. Wedge is difficult to trade (like divergence) because it's very hard to timing when it's going to fall.
9:00 AM 5/1/2013
looks of unclarity today
timings are not good with move in preopen on ADP
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