Tuesday 6 May 2014

10am update - morning weakness

US equities see a little weakness to start the day, but then...isn't this how 'turnaround Tuesday' usually starts? The bears are just being teased, and market looks set to melt higher as the day proceeds. Notable weakness in Twitter (TWTR), lower by -9%, as the rats are allowed to cash out.


sp'60min


TWTR, daily


Summary

*I wonder how those who were chasing the momo stock that is Twitter are feeling lately? No doubt, many who bought in the 50s, 60s..even 70s.. are still holding out for a 'recovery rally'. The fact it never makes any money, never did concern those same buyers though.
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So..we're a little lower, but really, I can NOT take any of these opening declines seriously.

Just how can any of the doomer bears fall for this..day after day...after gods damn day?
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I remain long, and merely awaiting earnings from a few of my stocks....

stay tuned.

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*ohh, and anyone else notice..opening black-fail candle on the VIX. That is probably all anyone needs to know right now.