Markets Hit All Time High As Massive Spoofing Is Unleashed After FOMC Minutes
Update- the illegal spoofing of stocks has now run over into bonds and the dollar… Stocks taking off to record highs… (except Trannies) * * * Surprise: stocks are up and everything else is flat thanks to the illegal miracle of spoofing by the same HFTs that moments ago the very Fed was blaming for […]
Something Special In The Air
I do my Tastytrade show every trading day, but today I was particularly on fire. I thought you’d get a kick out of watching my 15 minute segment – click here to do so. It’s basically the same video I’d do if I had the energy to do a market wrap-up for you right now! […]
Waters Corp – All Time High
The Chart of the Day belongs to Waters Corp (NYSE:WAT). I found the stock by sorting today’s All Time High list for the stocks with the highest technical buy signals then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 4/28 the stock gained 7.30%. Waters Corporation is […]
U.S. Raw Steel Output Rakes In Weekly Gain, Capacity Up
Raw steel production in the U.S. for the week ending May 16 nudged up 2.4% over the previous week, according to the American Iron and Steel Institute (“AISI”) – an association of North American steel makers. Capacity utilization also improved on a weekly basis. As per the data released by AISI, domestic raw steel output […]
E Shares Of Prima Biomed Surge 266% After Reported Positive Phase 2 Results In Ovarian Cancer
TM Editors’ Note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Shares of Prima Biomed (PBMD) were up 266% today after the company reported positive phase 2 results in second remission Ovarian Cancer patients. These trial results stem from a phase 2 trial known […]
Gold Daily And Silver Weekly Charts – The Improbable In Service To The Insatiable
“With only twenty millions of coin, and three or four hundred millions of circulating paper, public and private, nothing is necessary but a general panic, produced either by failures, invasions, or any other cause, and the whole visionary fabric vanishes into air, and shows that paper is poverty, that it is only the ghost of […]
Greece Says That It Will Default On June 5th, And Moody’s Warns Of A ‘Deposit Freeze’
The Greek government says that a “moment of truth” is coming on June 5th. Either their lenders agree to give them more money by that date, or Greece will default on a 300 million euro loan payment to the IMF. Of course it won’t technically be a “default” according to IMF rules for another 30 […]
Stocks Pump-And-Dump After Ministry Of Truth ‘Manipulation’ Trumps Spoofing Algos
There is nothing else for it… Thanks to the spoofing, stocks soared to record highs after the FOMC Minutes to prove that everything is awesome but then CNBC broke the news that BEA will double-seasonally-adjust GDP data – implicitly enabling Q1 to look better and thus giving Janet more room to hike in June – and stocks sunk… […]
Market Indecision
A day of whipsaw for the markets with the FOMC Minutes not pushing the market in a decisive move one way or the other. The S&P is holding its breakout, and sticking above 2115 support, although it lost further ground against the Russell 2000. The Nasdaq finished with an indecisive spinning top just above support. […]
S&P 500 Snapshot: The FOMC Mini-Drama Ends With Another Fractional Loss
The S&P 500 sank to its modest -0.25% intraday low shortly after the opening bell. With no economic news on tap, the focus of the day would be the afternoon release of the FOMC minutes. Sure enough we got a typical 2 PM fast-money trade, with the index rising to its 0.32% intraday high (a […]
