We'll see if it holds, but stocks throw a mini-tantrum at the open - the S&P 500 -0.6%...


We'll see if it holds, but stocks throw a mini-tantrum at the open - the S&P 500 -0.6% (compared to recent action 0.6% feels like 6%) - seemingly demanding a good word from Bernanke tomorrow at Jackson Hole.
Comments (11)
  • bbro
    , contributor
    Comments (11219) | Send Message
     
    We need a good 3% selloff...1375???
    30 Aug 2012, 09:39 AM Reply Like
  • Tom Armistead
    , contributor
    Comments (6205) | Send Message
     
    More like a tractor trailer making a right hand turn, the driver goes left first.

     

    The idea is, to make room for a rally when Ben says something that can be interpretted to favor QE3.
    30 Aug 2012, 09:39 AM Reply Like
  • Stoploss
    , contributor
    Comments (1713) | Send Message
     
    No worries, Potter will not let anything happen today.

     

    Right back to VWAP at the close.

     

    I see nobody knows anything about the new fed trader, or you would know he is in total control. And he likes it sideways, so, it shall be.
    30 Aug 2012, 09:44 AM Reply Like
  • Storm Warning
    , contributor
    Comments (173) | Send Message
     
    Buy the rumor, sell the news?
    30 Aug 2012, 10:02 AM Reply Like
  • Spin
    , contributor
    Comments (244) | Send Message
     
    Here we sit all breathless while the finance industry waits for more hopium. Makes you wonder if the markets could do anything but dive without Fed Juice.

     

    Next, we'll be asked that tired question about where the individual investor has gone.
    30 Aug 2012, 11:28 AM Reply Like
  • Bret Kenwell
    , contributor
    Comments (953) | Send Message
     
    And what are we going to do when we finally STOP receiving QE..

     

    The problem with always supplying the user (The Market), is that as they gain more and more dependency from the giver (the Fed) and can't function without it.

     

    Seriously, I get that Ben saved us from a total wipe out in the market, and I agree that was the right thing to do. But Jesus, we're at 4-year highs. Growth is there, albeit slow, but c'mon man how much smack are you gonna let the market inject before you take it away.

     

    The markets gonna have a tantrum if we don't get more QE every August from the 'Hole.
    30 Aug 2012, 02:17 PM Reply Like
  • jammerculture
    , contributor
    Comments (402) | Send Message
     
    smartest thing I have read on the subject
    30 Aug 2012, 10:03 PM Reply Like
  • Joe Razorback
    , contributor
    Comments (280) | Send Message
     
    Hoping we get back close to even for the day, so we have somewhere to short from AGAIN tomorrow. Nice cash today, just need to reboot and replay.
    30 Aug 2012, 02:53 PM Reply Like
  • Bill L.
    , contributor
    Comments (691) | Send Message
     
    Today's Short Term Technicals Update: http://seekingalpha.co...

     

    Good luck trading,
    Bill L.
    30 Aug 2012, 04:47 PM Reply Like
  • Wallacew23
    , contributor
    Comments (2) | Send Message
     
    This market wants to go higher and will jump on any thing including the Fed meeting that could be interpreted as "good" news.
    31 Aug 2012, 03:41 AM Reply Like
  • kingdomtrader
    , contributor
    Comments (2) | Send Message
     
    My money is on the puts S&P 1350 here we come if only for a moment
    31 Aug 2012, 03:42 AM Reply Like
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