The broad averages were in good position to turn ugly on Wednesday; instead, they turned sharply higher, probably to steal a march on shell-shocked bears ahead of a five-day holiday blowout. Because Independence Day falls on a Tuesday, trading volume is likely to start ratcheting lower around mid-day Thursday. Expect it to continue falling until Monday’s closing bell. Prices are apt to waft higher over the entire period, given the ebullience of today’s short squeeze reversal. Will sobriety return after the Fourth? We’ll have to wait and see.
Pre-Holiday Hijinx
- June 29, 2017, 9:09 am
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June 29, 2017, 5:45 am
Traders and Investors are ‘asleep at the switch’, as that switch is now off and lights are completely out!
The Trend is your best friend, till its not.
Have a great July 4th Holiday Rick and great job as always.
It is interesting to watch the consolidation of wealth intensify!
Dow-DuPont merger gets a Fed rubber stamp!
Amazon buys Whole foods!
Time Warner-ATT merger apparently requires a larger bribe to go through!
Walmart and Amazon square off!
LOL!
On our side of the ledger, Uber-Lyft type operations highlight the race to the bottom for serf wages.
Vagas bar boasts all robot bartenders!
Strange Rubiks Cube based Crypto Currencies are in high demand as everyone everywhere searches for something to believe in!
LOL!
As the MENA spirals down the drain, prepare for another tidal wave of foreign mega criminals to show up here with dump trucks full of FRNs to drive RE prices into the Kuiper Belt!
Sorry serfs, best if you just move to the Louisiana bayou and sleep in your pirouge!
There’s a good lad!
LOL!