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Total scam.
Look at the TSLA daily chart.
No bearish engulfing daily candle this entire run.
Thank you for sharing this. I'm glad to see my suspicions of a central bank conspiracy validated. See everyone this rally is being driven by a central bank conspiracy (yes I used the word conspiracy) to devalue the Dollar which in effect, causes a rise in equity prices. If they don't do that SPY doesn't stop tanking at 181 on February 11th. It was government intervention which is exactly what I have been saying. It has nothing to do with the chart or any technicals.
“To any conspiracy theorists, it’s all become quite clear,” said Chris Weston, chief market strategist at IG, in a note Friday. “There is a global coordinated central bank effort to weaken the [dollar] in play, which in turn has led to a massive de-risking in equity and credit markets.”
Wasn't sure how they were doing it, but was sure the fed was behind this rally. Now we know how they achieved it. That said, all the rationale for a "top" here can be thrown out. This is a whole new ball game. The next few months for SPY are very uncertain and will be difficult to trade. The chart is meaningless in this situation. ATH and beyond could very well be in play. The fed is in control.
In response to:
http://www.marketwatch.com/story/did-central-bankers-make-a-secret-deal-to-drive-markets-this-rumor-says-yes-2016-03-18
That wouldn't mean that when we top out, we drop fast back to oversold. We could trade in a range for 1-2 months before the next leg down. Which would be bad because who would want to trade calls at this level, and for those long term put holders who are holding 170-180 strike puts, it would result in theta loss as spy goes sideways in the 200-206 range. When this move does top out, it doesn't necessitate an equally large drop. I'm starting to think we do not see the big drop many are expecting for another 4-6 months.
VXX dropping hard, SPY could rally monday. Top might not be in. We could be too early.
Went long 1,000 shares of UVXY at $24.00.
"No lanes" - Expiry**
Large sell blocks just now but they got easily absorbed. What in the #$@# is going on, I feel like the fed literally has a computer plugged into the stock market and unlimited virtual dollars it can use to prop up the market. Who's to say they couldn't buy SPY up past ATH, it feels like this isn't real money being traded. Virtual money. Like it's all a video game.
Yeah the shadow government conspired to make it really cheap as an experiment to see if that would stimulate the economy, after a year passed and they realized it wasn't doing anything plus it was hurting the big corporations, they decided they might as well bring the price back up.
unreal.
Based off what we've seen the last month, I see no logical reason to suggest algos can't take us to ATH.
Buy To Open April 1st $203.00P for $2.50. 10 contracts, swing trade.
Sold weekly $203C $0.75 to $1.02, 20 contracts.
Weekly calls lost so much premium after 2PM. At 2:01 EST my 203.00C was bidding $1.00 when spy touched $203.00, spy dips to $202.20 then rallies back to $203.30 and the bid was $0.98. Premium burn.
Tried to sell my calls at HOD but only had 10 seconds before it reversed, sigh.
Coin flip tomorrow, but I'm leaning towards calls going into 2PM. I feel confident there will be no rate hike, the question is how do the markets react to that, given everyone expects that outcome already. Do dark pools take profit and sell the news and tank SPY, or do we get a huge pop. It's unclear at this moment.
SPY is bulletproof right now, the fed is the vest.
What do you guys think will happen monday?
Brilliant post. I agree with all of that. risk on seems like he will always hold on to believing the market moves purely based on real "buyers and sellers" and that there is no "they" so we will just leave him be on that. I think he will have a hard time trading based on what real "buyers and sellers" would do. Not being self-aware that you are trading against computers is a disadvantage to ones trading.
As we're seeing they can move this at will irregardless of the chart. They can close it at $201.00 if they want.
I'm gonna assume you're joking.
Starting from pre-market until now, best pump and dump I've ever seen, and I traded penny stocks for 5 years.
A better question, how is it not?
Are you guys not bothered by this gaming of the market? they pumped the market to 200 on nothing then used the ECB news which is actually good news for the market to unload billions of dollars of shares on unwitting buyers. To them we're just pawns fighting each other to death for their leftovers. They banked billions on this dump which was clearly fully orchestrated.
This run has now ended, super high sell volume. Shares being unloaded.
10 minutes before market open they dump oil, lame.
Grabbed some $202C weeklies AH for $0.30. Only 10 contracts.
Bullish close, $199.00 successfully defended. Last minute buying. My interpretation of what happened today is that they want this higher short term.
yeah buy calls, I'm staying out though.
I'm guessing big buy algo about to turn on and 199.80 close.
SPY is out of strength here at $199.00, heavy sell blocks going off the last hour, a large EOD rally would be preposterous.
It wasn't a guess, like I said someone with access to that information posted that. I will give you an example of another website with good info besides here:
http://www.hotstockmarket.com/f/3010/stock-market-today
In that forum each week there is a thread for the week called "stock market today", some good info can be found in it.
I would tell you specifically where I got that dark pool information from but I think it's better If I keep it to myself.
This board isn't the only place to go to get info, there are many other message boards and chat rooms etc. You only come here?
Someone who's on the floor at wall street and has access to that information posted that.
Not necessarily, could rally back to 200.
Rug pull, dark pools unloaded some shares.
Bought March 11th $200C for $1.05
7th anniversary of the bull market today. They will rip this.