Thursday, December 15, 2016

"'Tis The Season To Be Greedy"

While the infants were squabbling over who rigged the election and who provided the most fake news, they all agreed on one thing...

"Dow 20,000. Or bust"

Dow Relative Strength:

Hourly TRIN: selling intensity

Breadth momentum

On Balance Volume

Money flow aka. strong opens and weak closes...

NYSE new lows rate of change:

"The Fed is out of the way, go all in for the Santa rally"

No surprise, they adopted the most ludicrously pollyanna viewpoint stemming from yesterday's Fed meeting:

“The view seems to be that Trump will deliver on his fiscal stimulus promise, the economy will expand sharply, inflation will rise, and the Fed will need to hike rates more than currently forecast, but not by enough to lead to a serious stock market selloff,”

"The kids are totally fucked, but we have 'stocks'"

Dow 19,900 with Rydex cash balances:

The dollar is in extreme blow-off mode

Financial stocks peaked with the dollar last December. I'm sure it will be different this time...

The VIX noose is tight at all time record highs...

Buried in the casino:

Schwab with IPOs

Janet Yellen and Bernankenstein at Woodstock: