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Saturday, April 20, 2024

Comment by phil

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  1. phil

    Good morning!

    Certainly can't sleep on Fed Day – this is going to be so exciting! 

    We topped out at 15,278 on the Dow (/YM) at the Europe open (now) and the Nas (/NQ) is 2,998 and certainly a good short below 3,000 and the RUT (/TF) is 998,20 – also a good short.  

    Why? Because oil is $99.21 and the Dollar is 80.75 and the Dollar should go higher and oil should go lower but it's easier to bet on the indices with such good backstops. 

    The Nikkie stopped at 13,400 after falling to 13,200 again but, this time, they did it IN session so the Nikkei proper index finished at 13,245 (up 1.8%) BUT – can't you see what manipulated BS this is?  It goes up and down 200-300 points a day and they spin the markets by simply timing the move to either register in the headline number or not.  It's like a magic trick and you're looking backstage!  

    The Hang Seng fell 0.34% AFTER bumping up 250 points (1.25%) in the last hour, The Shanghai added 75 points (3%) to finish "only" down 0.75% in its last hour.  India climbed 100 points to end up down just 26 so possibly one of the largest window-painting jobs of all time and no one will mention it in the MSM – they'll just say the Nikkei was up almost 2% and how great the World is.

    More on this next but I need to put this out as an Alert. 



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