Wednesday, December 22, 2010

Morning Post, SPX, S&P 500, e-mini

IF you believe this country is actually growing I have some ocean front property in AZ for ya at a bargain price.  To witness what it must be like to live under a socialist government that controls everything is quite fascinating if not frustrating. Knowing the reflation experiments will ultimately fail and cost us more than reserve currency status is quite horrifying.

Economic Calendar -  GDP tomorrow. Please ALWAYS check the calendar. 

POMO Schedule - Largest on record $17b today followed up by $11b tomorrow) We'll most likely have POMO from now to infinity or till the systemic failure that is destined to come. 

Shanky's Dark Side - Where I call all the intraday action and throw out tons of charts.

Pivot Points -  For what they are worth in this busted market

As I have been saying, after Xmas all bets are off.

SPX daily - divergences are strong and being set off previously overbought conditions make a nasty brew.We're about to enter blow off top scenario.

I hope all of you are enjoying the season. We're busy, and I'm winding down as are the markets as vol should go away. Can still get some movement. POMO still very much alive and well.

GL and happy holidays!