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Tom DeMark Calling Market Top Again
2013 Oct 16 Wed 10:20:50 | by
I posted in my real-time chat room several times that a crash pattern is in the making. I did not expect Mr. DeMark coming out with a market top call. From Bloomberg BusinessWeek,
One thing that stands out is that Mr. DeMark is in fact bullish on the market for one final push higher. This move is obviously an analog to 1929 style blowoff top as shown in the article.
My view is that there may not be such a rally coming because it has already happened in Nasdaq 100 and Russell 2000. In another words, the market has run out of time already. All it takes is an excuse now, like a natural disaster or mini crisis, to break the camel's back.
I posted earlier this month on the subtle threat posted by US Treasury to the hedge fund community. It tells us that it is not a time to get too excited on the long side of the equity market beyond the next hour.
How Fragile The US Financial Markets Are?
2013 Oct 3 Thu 10:06:24 | by
Straight from the horse's mouth,
Obviously, the US Treasury is sending a message here - hedge funds can buy equities but not allowed to unload all together at the same time.
What are they afraid of?
As a start, what happened to Japan's Nikkei earlier this year is something they want to avoid.
From 16000 Nikkei plunged down to below 12500 within a 3 weeks period.
The same fate is waiting for the US stock market should major hedge funds choose to exit the stock market and put their funds to work on something else with more money making potential.
No NFP Report This Friday Oct 4, 2013
2013 Oct 2 Wed 12:08:25 | by
Just a reminder that due to the US government shutdown there will be no NFP report by this Friday.
It is an event shock thus NFP bias will be affected.
Monthly update on market internals. The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 September 22 close. Reading 1. Long Term Tick16 (yellow line) tagging neutral zone from below 2. Short Term T ...
Every 3 months we have some newcomers wondering why the market they trade somehow: 1. having such a big jump in price right after the market close 2. having a price on the chart not matching the one they have on the order screen No need to panic. ...
Very interesting night with Nikkei gapped up and zoomed higher to +120 points. Due to the fact that it is still an ongoing crisis with Syria I suspect such wild swings will continue for some time. ...
Well, while Paulson was forced to sell 1/2 of his gold position, someone took the other side. http://www.zerohedge.com/news/2013-08-30/guess-which-bearish-bank-bought-record-amount-gld-q2 My previous piece on gold is correct that the last down leg ...
An article offers a good glimpse into the way how Wall Street really works in the 1990s, Insight: Trades from 1990s come back to haunt Wall Steet http://ca.reuters.com/article/businessNews/idCABRE97P0BO20130826 All these OTC long term derivatives ...
Zerohedge reported how an absolutely orderly market being manipulated at the highest level in favour of some participants. This Selling Will Not Stand, Man: NYSE To Bust 17 Minutes Of Option Trades (When Market Dropped) Now I understand why all 3 i ...
Monthly update on market internals. The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 August 16 close. Reading 1. Long Term Tick16 (yellow line) below neutral zone going sideway 2. Short ...
