What a Ride Wednesday Wrap Up!!

Anna here this time….wow what a ride today was! Started with a somewhat neutral CPI and futures that were sort of bland, then pow here comes the buyers in low volume, but drove up the tape to new highs. Housing data came in as expected, but then aruond 1pm new buyers emerged.

I was long going in so was thrilled, but as you can see on the Zero Lite the divergence came in around 2:50 or so and we came off highs.

Zero Lite Divergence

The $DXY was the story of the day as well, hitting new year lows, (maybe it will be worth .25 by the time Ben is all done) The correlation between the Dollar and equities especially commodities still going stong.  Gold htting new highs Silver new highs, how long can this story continue before the market says NO MORE!! it is not healthy to have such weak dollar, the inflations hawks are circling and this is going to be trouble in the long run.

Well to me this looks like a blow off top temporarily and we should see some retracement tomorrow, before going higher..Be kind to me, or I will cry like a baby! LOL 😉 off to the gym to work off some baby phat..

Keirsten will do evening post and I will be back early in A.M.

5:00pm EDT: Mole here: Please shoot me a message to admin at evilspeculator dot com if you happen to have a list of CTAs and hedge fund mangers (and are willing to share it).

Program Trading Update:

geronimo/ES: +4 (two good trades)