Friday, February 15, 2013

Open Weekend Post 02/16-17-13 SPX /ES

You know the drill, share the love and the knowledge.

Well we got hit by a meteorite, but he big sucker thankfully missed us. Phew! We lost a Pope and now have the papal prophecy upon us. Then lightning strikes the Vatican. Two signs from above in one week was enough for me, thank you very much. I would not be surprised to see a massive UFO sooner than later the way things are going.

Markets remain what they are, a manipulated POS that will do only what the Fed wants. The WMT news late Friday generated a small blip to the downside, but that was rather quickly recaptured. Who cares if the worlds largest retailer is sucking, all is well. Believe the mantra or be declared a terrorist. Noting can be bad and if it is the government will make it all better.

Minis 30m - range bound all week. 22 to 10 - nice 12 point ping pong match that lulled most to sleep I guess. I sit and wait for a catalyst, that is all you can do.

Enjoy the long weekend.

GL and GB!

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