claydoctor

SPY corrects

Short
FX:SPX500   S&P 500 Index
6
100 MA & Fib, 200 MA & Fib, 600 MA and Fib and October lows, all line up perfectly. Looks a lot like 2011 summer. RSI lower highs, loosing Momentum, etc, etc. FED can't raise, forget all the talk, their "talk" just became cheap. BOJ loosing its grip on the Yen. Signs of FED induced, world bank induced joy ride, over. Remove Oil, and inflation is at 2%, I say again 2%. Eur is going lower, Oil heads back down after the Yemen news subsides (maybe renewing the small cap bankruptcy cycle - oil pop won't save them) , and dollar keeps going up or down? Yen also in transition. Markets do NOT like uncertainty,and we are in uncertain times, disappointing earnings season starts with Alcoa 4-8-15. Money flows to T Bills, but at WHAT rates, if Yellen can't raise. Causes more uncertainty, which markets do NOT like. Big meetings, lunches, right now, government and wall street big shots, discussions on how to NOT create a Bond market fiasco, and bottom line, there are no guarantees, creating even more uncertainty on how to really exit QE and the FED addition (at the same time we have a poor earnings season about to hit, and nothing can stop it unless you figure out how to stop time). Where do we go for yield if market swoons? Junk Bonds, nope, not reliable now even for the couragous. Gold, nope. Cash? If yes, you will hear a great sucking sounds from stocks. Oh my Gosh, there is no where to get yield? What will money brokers do? Well, we've never been here before, and THEY DO NOT KNOW FOR SURE HOW TO DO THIS. Uncertainty, and soon the street will hear it, know it, react to it. Add a few sprinkles of world unrest, yikes! Yes I am short stocks, period, until further notice or 600 day moving average. And it will come quickly IMO. Do your own homework, and prove me wrong. I welcome discussions on all this.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.