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JI
jimkane
Rep: 3,058
Posts: 33,089
Starting it off. Due to the Monday holiday I believe bonds and FX open outcry are closed, but GLOBEX is open. Stocks and futures for them are open as usual.
JI
jimkane
Rep: 3,058
Posts: 33,089
We must be close:

"The Fed finally succeeded in inducing investors to move into stocks again. And they have done so in a big way. Thus far in 2013, investors have put $277 billion into stock mutual funds.

This is the single largest allocation of investor capital to stock based mutual funds since 2000, at the height of the Tech bubble. That year, investors put $324 billion into stocks. We might actually match that inflow this year as we still have two months left in 2013.

Indeed, investors are reaching a type of mania for stocks. They put $45.5 billion into stock based mutual funds in the first five weeks of October. If they maintain even half of that pace ($22.75 billion) for November and December, we’ll virtually tie the all-time record for stock fund inflows in a single year.

That record, again, occurred in 2000. At that time the NASDAQ had just staged a massive bubble rally."

Source: ZeroHedge via Slope of Hope comment post.
MA
MarcinO
Rep: 67
Posts: 5,506
Any reaction off these lines?

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MA
MarcinO
Rep: 67
Posts: 5,506
Double top into the open?

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RA
rat89
Rep: 0
Posts: 7,015
morning everyone....here what I see here:


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RA
rat89
Rep: 0
Posts: 7,015
there is another scenario, but this is quite the area for a potential turn of any size


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screen shot 2013 11 11 at 10 31 16 am png
JI
jimkane
Rep: 3,058
Posts: 33,089
Run into the close and new all-time highs?
JI
jimkane
Rep: 3,058
Posts: 33,089
PCLN explodes to new all-time highs over 1,100. AZO ready to take its highs. Speculation is still alive.
JI
jimkane
Rep: 3,058
Posts: 33,089
I know this is a 'holiday', but this might be the worst trading day I can recall, as far as being dead. Here's a curious factoid. No POMO from the Fed today. Must be a coincidence that the market is deader than dead. But, tomorrow there is a massive POMO. I wonder what that implies? Yeah...
JI
jimkane
Rep: 3,058
Posts: 33,089
I know it wants to break to the upside...
JI
jimkane
Rep: 3,058
Posts: 33,089
It really looks ready for the pop now.
JI
jimkane
Rep: 3,058
Posts: 33,089
Amazing how, after they popped it once more to new all-time highs into the cash close, they let it come back in a bit.