Stock Market Today : July 2nd - 6th - Page 12

if it can take out 1366, it would be bullish, otherwise im looking for 1350

Yea, we are holding above above 1365 well. if we break we should see 1360 today

Just wondering if there could be some kind of rise in UVXY with the jobs reports tomorrow?

China cut its benchmark rate for the second time this year.

The UK central bank extends its asset purchase program.

The Fed extends its liquidity program by about $300B.

The ECB cuts its benchmark rate to 0.75% and the deposit rate to zero.

The Australian central bank cuts rates earlier in the year to 3.5%. The central bank is now adopting a more growth driven monetary approach than the previous expansionary (inflation based) approach.

Brazil plans to cut rates further.

Japan doing what it can (verbally) to stifle the decline in the Yen

And so on and so forth……

So with just about all of the central banks cutting rates or/and devaluing their currency to help spur growth, why is it that central banks remain so inclined to cut rates down to zero if the economies have only got worst as the months and years pass? 

The answer is simple. The solution to the problem is not how cheap money is made, but how money is to be distributed in the economy. Until some of the money (assets) are circumvented from the very top and redistributed (not in the form of a government handout or program) to lower tranches of soceity, the problems will just keep reappearing time and time again. The only thing cheap money has done is encourage more speculation with larger pools of money which as shown, has paved the way for more price manipulation or bid-rigging. I mean how much worst can it get when you have the biggest banks distorting the LIBOR rate - the benchmark rate to price $300T+ worth of assets. The worst part is that the people committing these frauds are not held responsible at all for as long as they state their mea culpa.

I just cannot understand what it is going to take to wake people up; for people to say ‘enough is enough’.

The stock market continues to be a function of how much money these banks receive as a result of cheap money. The best way to trade this market continues to be to put on pair trades on. Single type trades can work as well but they carry to much risk. It depends who you are as an investor, what your goal is, what racing style you have, etc.

Quote:

Originally Posted by johndoejohndoes 

Just wondering if there could be some kind of rise in UVXY with the jobs reports tomorrow?

charts at least to me suggestion an upside surprise in the jobs number tomorrow..

So UVXY is still a bad buy at $8.40?

Quote:

Originally Posted by johndoejohndoes 

So UVXY is still a bad buy at $8.40?

If you don't understand it why trade it? Not having a go at you but just makes no sense to me.

I understand it...if the people think the market's going down it goes up. If people feel secure the price is going down.

Just wondering...

Quote:

Originally Posted by johndoejohndoes 

So UVXY is still a bad buy at $8.40?

Stop gambling.

Quote:

Originally Posted by bigbull 

The stock market continues to be a function of how much money these banks receive as a result of cheap money. The best way to trade this market continues to be to put on pair trades on. Single type trades can work as well but they carry to much risk. It depends who you are as an investor, what your goal is, what racing style you have, etc.

Very interesting you brought up the pair trades.

I mentioned this a couple weeks ago and didn't seem to get too much discussion outside of a few people.  

Quote:

Originally Posted by Rock Sexton 

 

Stop gambling.

I'm not...I've been reading in on it.

http://vixandmore.blogspot.com/2012/07/chart-of-week-vix-reversal-signal.html

Quote:

Originally Posted by johndoejohndoes 

I'm not...I've been reading in on it.

http://vixandmore.blogspot.com/2012/07/chart-of-week-vix-reversal-signal.html

Yet, you come here again asking people if it's good to trade it.  

Stay away from it.  You do not have the proper trading skills nor the comprehension of contango for something like UVXY.

Originally Posted by Davecash77 
charts at least to me suggestion an upside surprise in the jobs number tomorrow..

Right now I can see that...and I'm short from 55 

I feel like I need a miracle to make this one a winner right now.

Quote:

Originally Posted by Davecash77 

 

 

charts at least to me suggestion an upside surprise in the jobs number tomorrow..

So if Jobs goes up UVXY goes down...correct?

is unemployment numbers still the biggest direction changer for tomorrow? Today looks like some longs buying on dips. Tomorrow's number can be very bad and the market will like it because it means high chance of QE3. If the numbers are good, the longs will like it. If it is mediocre, what will the market think?

I think we sell off into the close as people take profits ahead of tomorrow's potential downside.

Quote:

Originally Posted by Rock Sexton 

 

Quote:

Originally Posted by johndoejohndoes 

So if Jobs goes up UVXY goes down...correct?

Don't do it....

Quote:

Originally Posted by hermanpu 

is unemployment numbers still the biggest direction changer for tomorrow? Today looks like some longs buying on dips. Tomorrow's number can be very bad and the market will like it because it means high chance of QE3. If the numbers are good, the longs will like it. If it is mediocre, what will the market think?

 

I think we sell off into the close as people take profits ahead of tomorrow's potential downside.

Do you think tomorrow will actually be that bad?

I've been reading that Jobs should be up...but how much does that affect the market in comparison with everything else?

market is back to extremely overbought. Going to hold a few shorts over night.