Drop Below @ 24,200 and look out below ! You can manipulate the markets for as long as you like at everyone's expense, damn the consequences ! It works awesome, till it doesn't . Kinda like string theory in physics . You can make it so complex that no one can figure it out but in the end the math doesn't add up .
Great example of a crowded trade. and of course the QQQ is also up 1% that's great until there is a pullback cause their wont be any buyers for the sellers of the QQQ, small exit door !
Any one see a problem here ? Global debt bomb is not going to like this one bit ! Consumers, Corporates and .gov's can barely service their debt at zero % . How in the world do they service it now ?
And I hate it for all the "em" economy's . So sorry but we gotta do what we gotta do. If ya don't like it , go pound sand !
Why Is the crypto market crashing recently ? Regulation of crypto markets. Never ending reports of scams. Is private equity shorting ? Will crypto become a “flight to safety trade “ What is the fed’s end game ? Is a “Fed Coin” coming ? I am still Bullish !
BTC Dump ! Roughly 17% of the dump came from China, Hong Kong, Asain based exchanges and happened in @90 minutes with a second dump @ 7 hours later within 30 minutes. The lions share of the dump was paired BTC/USDT . The futures markets support @ 7650 as fair value so what exactly is going on ? A whale dump as speculated or something different ?
Dow Jones Industrial Average Short Term Support & Resistance Global Imbalances becoming more obvious, trade issues, Deutsche Bank, Interest Rate Swaps and more ! What will the cb's do today to prop up these markets at anyone's and everyone's expense ?
DJI up 145 points .... why ? Far more likely to retrace than make new highs ? Then again the engineers are hard at work creating new distortions so who knows !
Great Idea ? Lets issue bonds on BTC @ 1.0% Yield Buy back BTC and hold thus driving the price up @10% and make the spread No different than what corp. merica does....right ?
Russell 2000 / Small caps / Melt Up. I see let's feed the small caps and the nasdaq and hope it pumps up the dow. We better do something cause bond buying is obviously not working and interest rates are rising which is going to cause a melt down ! Thanks alot for continuing the market distortions !
Nasdaq To Grind Higher, Fresh All Time Highs ? Bond Market selling off, US 10 year @2.91 Dollar Index @94.14 and yet someone keeps buying up these tech stocks, hmmm ? Let's not forget G7 trade issues, Debt Bombs globally and all manner of global uncertainty. This trade will work till it doesn't. when it doesn't look out below. How long can CB's keep the ponzi...
As you can see The DJIA is barely hanging on to support with respect to the trend channel that goes back to the beginning of 2016. The blue arrow to the right indicates what I believe is a trend reversal if breached. The next support level would be the 50 day moving average @23,600 and below that a major support level @19,500 !
Stellar Lumens : XLM So what has XLM been up to lately ? Apparently not much, Micro pay via SatoshiPay, a digital “pocket change” wallet which allows you to conduct internet payments of as low as 1 cent . Yay.... XLM has been hammered down lately and I'm not sure I see alot of impressive news or development but I remain optimistic.
I'm looking for a retest of support @ 24,000 on the DJIA. Looks like it's going to go there .
Either the plunge protection or a perceived flight to safety by other .gov's whose economies are more fracked up than ours, someone is buying us bonds like crazy and driving down the yields. Short term this is great depending who you are but imagine 10 bathtubs all connected so water can flow freely back and forth and all tubs are perfectly level. Now imagine...
Food For Thought : 05-29-2018 Total Crypto Market Cap $324 Billion Top 10 Crypto Market Cap $259 Billion 1624 remaining Crypto's market cap $65 Billion How many of the 1624 are SH*T coins, scams etc ? What if that $65 Billion was reallocated to the top 10 ? I'm all for further development of the ecosystem but I also wonder how the ico's unregulated are...
BitCoin price manipulation By Scumbag traders ! * And this is why regulation is needed. * And this is why mass adoption is lacking. * And this is why retailers won't accept. * And your personal greed is a mirror of "A Typical " bankster. * And I really hope the .FED climbs up your butt 1 foot. * And in the mean time I will buy more during the sale. * And I will...
Dow Jones Industrial Average Retest of $24,000 coming ? With all the debt, geo political drama, euro currency issues and more. I believe it's just a matter of time !