Across the last 25 months, the sp'500 has rallied 68%. It is probably safe to argue that 90% of those 730pts are due to the Fed. Unquestionably..the bull maniacs should be giving all their thanks to the Bernanke..and soon...the Yellen monster.
sp'60min (with metals)
New QE-pomo schedule for December (released @ 3pm)
*AAPL looking strong, and set for further gains in the remainder of the year, 580/600 looks a relatively easy target zone to hit.
Unlike yesterday..I don't think there is much chance of any sig' closing hour rollover. More likely..we'll even see a touch of algo-bot melt into the close.
Weekly charts are offering sp'1815/25 into next week.
*I will hold short-SLV, across the Thursday break....seeking an exit in the 18.60/50s
3.05pm.. Jeez, look at the QE schedule for next week.
HEAVY QE.. Tue, Wed, and Friday. Bears haven't a hope.
3.15pm.. Bitcoin breaks $1000. That is bullish for the broader market...yes?
I will note Santelli on clown finance TV, I do understand the irony in that BTC might soon be priced higher than a real oz' of Gold.
3.41pm... just look at this nonsense...
The 400s soon..and probably 500s by end spring 2014. Utter...madness!