06/06/2012 Live Update

[jdow]

SPDR S&P 500 (SPY) After Hours: 132.17 + 0.20 (0.15%) 4:19PM EDT- Nasdaq Real Time Price, PowerShares QQQ After Hours: 62.67 + 0.15 (0.24%) 4:20PM EDT

[SWalsh]

Feds say strongest in steel mfg??? I get weekly reports that show the steel demand going down each week???

Funny!!!

A friend of mine works for an extremely large home builder who trades publicly. He is 3 years from retirement. He would love to sell all his stock now, but fears something could be done to effect his retirement. The cancellations on homes he sees when they go to build is too high for his liking.

[Petsamo]

1.65 million last sell on SPY
2 min before the close, there was a 1 million sell on IWM

if it did not move SPY/IWM much, then it means sellers were meek.

You're under the impression that buys & sells influence prices. I say the owners of SPY & IWM are doing some profit-taking.

[cguirguis]

Still think this rebound is weak Cobra?

Go take a look at how many up days like this are followed by down days of the same magnitude.

I totally agree with you SWalsh. I'm have a few short positions so I could use one of those

[SWalsh]

Still think this rebound is weak Cobra?

Go take a look at how many up days like this are followed by down days of the same magnitude.

I totally agree with you SWalsh. I'm have a few short positions so I could use one of those

I'm getting quite disgusted as I have seen mkts drive all speculators away such that regardless of price, they just open and close.

It is INSTITUTIONALIZED RAPE by the banks that are owned by the government.

The same government that endorses your crime can arrest you when they need to because you can rent politicians, but you can't own them.

[SWalsh]

So what are the odds of op twist 2.0 tomorrow?

I think the Japanese Ambassador is saying, "yes...yes....you give it a try", and laughing his ass off when he hangs up the phone.

ECO lesson....increased money causes slower velocity of money = nothing better for the economy. Now if you want to tell the banks to take it and buy stock, that can happen. But it does nothing for the economy. Drowning people do not need more water.

[HuyVanLang]

Thanks Cobra.

hmm, you get my answer? Usually I cannot answer directly the question similar to yours. Pay attention to my other hint.

Yes, I got your hint which is higher high is almost guaranteed

[SWalsh]

Where are all the BULLS ?

Something is about to happen....something wonderful:

http://www.youtube.com/watch?v=V5HA-umweZ0

[SWalsh]

1.65 million last sell on SPY
2 min before the close, there was a 1 million sell on IWM

if it did not move SPY/IWM much, then it means sellers were meek.

I recall speaking to someone who followed that for some time and concluded it had to be bids or offers based on an arbitrage. If they wanted in or out they would not quibble.