Wednesday Outlook: Commodities, Emerging Markets

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A day traders market? Yes, that’s the strategy that’s been most effective unless you’re a short seller with a willingness to accept large moves against you without getting stopped-out.

The end-of-day ramp was built from trading desks testing and pushing indexes higher. Also, perhaps our activist and manipulative government knew a serious break of the indexes at today’s lows could have meant another large waterfall leg lower and stepped-in directly. I can’t prove it and wish that during this congressional testimony someone would ask that question directly.

We’ll have more on inflation from a low CPI number coming up and did you know this is options expiration week? I’d say the market was in perfect condition for some shenanigans from the floor traders at the options exchange.

Have a pleasant evening.

Disclaimer: The ETF Digest has no positions in any of the highlighted securities.

Comments

[SA Guest:]

I posted this yesterday but if you missed it here is a clip from Tuesday AM featuring a CNBC guest crossing the line by mentioning the PPT. They freaked out.

www.cnbc.com/id/158402...

2008 Nov 19 07:47 AM