SPY Is Above Its Weekly Bollinger Band. Watch Out For Next Week"Today’s move higher is another sign of market strength. We have seen this lead to further strength longer term. But there is, at least historically, a good chance that some of these gains will be retraced in the next week, or that consolidation will follow."The latest
technical insight from Yahoo!, complete with lots and lots of charts, graphs and magical hooga-booga!
Translation: The market may either go up or down.
Comments
The central banks.....still !
So, China is apparently worried about continued growth, so the People's Bank drops some rates; BOJ is buying a bunch of equity for their own portfolio, ECB is attempting to write new rules so that it may purchase various types of bonds.......what, is it that no one else will buy them ??? The dollar remains strong and the U.S. appears to be the best turd pile in town.
And Putin stated that he is going to clean up corruption in his part of town........."Well, good luck with that project"; said the Devil to the disciple.
Lots of electronic cash flying around, here and there. Plus, everyone and his brother company(s) who think that they spy a bargain are borrowing piles of money (that would be bonds, junkie) to purchase another company.
Hell, what could go wrong ???
Lastly, how about the global governments proposing and electing the International Monetary Fund to set all global monetary policy. Oh, wait; don't they already attempt this??? Wish I could be so "all seeing" in what is right or wrong with things monetary.
And @Old_Joe , it appears that you are able to move along for 4 or 5 days with behaving yourself. I suspect that is the national average..........so, you're good as gold.
Back to moving snow here.....and waiting for freezing rain in the next day. What fun living in the wonderful north of this country.
Happy Investing,
Catch
Take care- OJ