Post Wonky S&P500 & Market Update (SPY)
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It has been a while since i have actually wrote a few paragraphs about the markets i apologize. The reason for this is blogging can become repetitive and monotone in a market which does the same crap every day. I need a time to recharge and regain my focus. The being said i hope you found value in the charts i have posted.
wonky nature of correlated assets. Best example would be in the last hour of trading we had
Crude oil on highs (100$ a bbl) Gold on highs, Dollar on highs and index’ on lows.
The market is looking for an excuse to sell or “correct” so why not let it correct? Or has it already begun….? The correction may turn into a buy the dip scenario if the rumors of QEII being cut short turn out to be false. If they are indeed true the Bernanke put will be sold and the market will loose its protection… then everyone runs for the double door exits.. Splash crash.