Stock Market Today: April 3rd - 7th

That was some kind of an intraday reversal for the market today indeed

 

Jesus Christ!! Thank God I bought vxx calls to hedge last week or I would have had a heart attack today. It has pretty much stabilized now, are we thinking more losses tomorrow or maybe some stability?

 

Very interesting day.

The question is, is the Fed purposefully trying to sink this market, or is their rhetoric oblivious to the action it can cause?

My guess is, now that we have a Republican administration, we will see this market tank and tank hard. And forces are at work to make that happen. Including the fed.

It's not just the deep state this administration has to worry about.

 

IMO this is more of the FED selling high by reducing its holdings. With the market at all time highs and Trump not able to pass bills (with an all GOP gvt) that have been promised for 6 years the FED may just be ignoring hype and taking into account what has or hasn't happened so far.

 

Lets not forget today wasn't all Yellens fault. Paul Ryan just had to dump this hunk of joy on us.
http://www.cnbc.com/2017/04/05/ryan-says-tax-reform-could-take-longer-than-healthcare-overhaul.html

 

I expect a pretty good number, something like over 200K Will vote later on Wage growth could be something to watch, the FED probably can hike in June if we have solid wage growth

 

Nice bounce back for the market today, I was expecting more downside after yesterday

 

I really feel we roll over again today. Either way I think we are headed lower ... say a retest of 2284 SPX, fwiw

 

Bye- Bye

 

Your call looking good so far, would be fun to see a big intraday reversal for 2 days in a row

 

wow

 

I need to go to bed cuz i work tonight. If you see those ma's catch up to the 2356.20 level and fail... short the crap out of it imo. It's just consolidating for the big EOD move down I think. either way it is low risk.