As I mentioned this morning, the market will fluctuate a lot today to seek the next direction.
QID now stands above 35. If it can break out 36, then it may run for a while.
FAZ still below $5.
PPCO continues holding well with very small volume.
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QID may have a nice run up from here.
ReplyDeleteThe market has formed a /\ so far. It may bring back a little bit later today.
ReplyDeleteTiger
A choppy day today. All indexes are in red now.
ReplyDeleteTA
PPCO may follow the general market and has some corrections here.
ReplyDeleteEuro is pretty weak, dragging down the US stock market.
tiger
It may be time for Ben to earn some money on QID.
ReplyDeleteTiger
Look at the trend.. high volume brought market down.. it's been the same.. low volume pushing up.. high volume tanking it..
ReplyDeleteLast hour may be flat.. which is opposite of what its been..
Look at TBT .. ;) .. like I've been saying.. BILLS and BONDS are doing HORRIBLY .. bonds bubble is popping..
Ben,
ReplyDeleteTBT looks good. But, I really doubt the us government bond bubble can burst soon...
If the stock market become worse again, where will those money park ? may be only Bonds or money market. ...
Tiger
Bonds have no choice but to burst.. look at the yeilds they are giving out (look at the jump in yeild after the 4-week bills).. Short term bills / bonds are supposed to be best performing..
ReplyDeleteI think everything is going into Money Market, who wants bonds? People are losing out BIG TIME on them.
So much so China and other countries are refusing to buy them (again China is switching to short term bonds).
I'm going to sell a small block of QID I picked up this morning at 36 for a $1 PPS gain.
TBT has been doing great for me (bought yesterday at close near high for the day.. ).
Look at the trend of Gold.. looks like people are moving into that along with alot of other commodities and precious metals. I've been doing this, and they've been FLYING the last 3 months.
S&P broke 900.. did you see the stop that got hammered? What if / when NAZ hits under 1700.. I predict it will be under 1700 on or before June 11th.
Be careful in this market people.. it's being ran by day traders.. (GM for example.. is worth 0 .. and being day traded for pennies).
I went from hoping to close over 35 .. to now wishing for a close over 36.. these were just the 5-year bonds.. which were expected to be good.. Tomorrow is 7 year.. and the 10th and 11th bring us 10 and 30 years..
ReplyDeleteLike I said in my previous post.. NAZ under 1700 on or by June 11th..
great, ben, thanks
ReplyDelete