Right Now Despite Efforts To Prop Up Bonds, Stocks Struggle. By Gregory Mannarino
Today stock futures jumped higher on a lower than expected GDP number, yes the market is upside down and this makes no sense. Moreover, earlier in the day the DJIA was up 150 points however at the time I am writing this the DJIA is negative over 50 points.
Going on right now, there is a serious effort to prop up bonds. Click here to see a LIVE chart: https://www.traderschoice.net/
It seems that market rigging has hit a fever pitch, so what's your take on what's next?
***Well it looks like this newest round of bad economic data, home sales forecast lower than expected, is pushing stocks off their lows. Wow... Total Twilight Zone market.
You said it Twilight Zone markets
Thank You, Gregory, Upvoted
I strongly agree with you.
Hey mate, i do expect too a huge red soon, just wondering when is the right time to short. Will they blow up the balloon further before the burst or is it full alr? Do you currently have any open positions
You really do have to wonder. My guess is the market will go to new highs in nominal terms, with inflation being a strong driver. For what that guess is worth. It's a strategy that has worked, until it no longer works.
No open positions atm except for nzd/usd sell, been going good. But yea nothing else and im so tempted to short on stocks too but just dont know when to pull the triggers coz as you said they can bring the markets to new highs. I guess ..just wait and see probably
all about the timing...
watch the sentiment indicators..as greg shows, that fear and greed index is a good source..you need to understand put/call rations well, to understand the right time to short...and it is not yet...early Jan. they were very very negative..you'll get another shot..but you need to know the best indicator I just mentioned.
Resteemed & upvoted
well done @robinhood your rocking on steemit @marketreport!
Perfect post sir, thank you..
Resteemed and upvoted!!!
Thats nice Robin Hood
Great comment, love it. Thanks For Sharing!
Resteemed & upvoted
Resteemed and upvoted!!!!
Thank you robin hood
very informative post.......
..................keep it up.................
upvote and re streem done @marketreport. i have to admit you are a wise man
hahha lol. beauty with a lill bit pump ....
Upvote and resteemed sır
upvote and resteem too
resteem done.
Resteemed and Upvote !!
Res teemed
well nice to see you always give updates on bongs and stock greg
upvote and resteem marketreport
Upvote and resteemed sır