Here We Are…
Here We Are…
UPdATE 2:03pm EDT: The separation point is near and I thought now may be a good time to post the updated wave count:
I think Soylent Green is a reality past 907 (not precisely marked on the chart) – until then I’m loading up on more puts on every push higher.
UPDATE 2:09pm EDT: I’m looking at my short term stochastic/MACD and it’s becoming clear that they are going to push this thing past most people’s pain threshold. I’m probably going to hold a bit beyond what I’m recommending for the rest of you rats but be sure to know your exits.
UPDATE 3:11pm EDT: NDX breadth right now 11:1 advancing – 8:1 on the SPX – ouch!! I’m holding this a bit further but it’s getting a bit expensive…
Yields on the 10-year are going apeshit today – what worries me is that this looks like a clean motive to the upside. I usually don’t count this one but just FYI. I think Uncle Ben is not going to like this – we’re back at 3.2% – wow.
UPDATE 3:30pm EDT: Now this should be interesting – 30 minute mark is always good for laughs. Here’s a perfectly good excuse to look at some strippers:
