Trade Call:Long SKF

Yes! Playing this one again. Never been a loser and I must say I was one of the first to start using this before everyone and their mother started to play it. It is in my magical zone again of $95-105 and I think this area is a gift as usual.
Playing it here for a swing maybe longer than usual and as such I wont play the options.

If you want to play the options try some was out of the money ones like the $150 and see how that goes but the call is to buy anywhere $95-105 level.


MARKETJEDI

800- Kiss of Death!!!

Well seem like 666 (665.75 to be exact) was the bottom of this market for the bulls while the bears say we have rallied over 20% and that's not surprising in a bear market rally, so what do we do now.
To me nothing has fundamentally changed in the market just the FED and government printing more money and essentially setting the debt up for our children to pay. The banks are now seen as bargains even though the best analyst on the street Whitney says they will see a worse year this year and believe me I am on her side but we must remember just like how we remained oversold for a long time we can get overbought too.
The negative here is the time we have shot up so fast, if you aren't a trader and didn't have the stomach to be long last week you made zero from this rally. I bet you no one did!!! Hard to say what we do here but more than likely they try and hold a positive stand till this friday's options expiration and then next week the true story will be written.
If I was a gambling made I would be shorting here with two fist but since I am not I will wait for confirmation and a break of the last swing high on the downside. Bonds look sweet for a short but I am not touching it till the dust has settled. The metals should be in a zone as the dollar get whack because of this FED move. We will soon be carrying $100 bills like how we carry $20s just watch and see, might be a few years from now but it will happen.

The next bubble is just about to start here folks, I spoke about it last month, happening plain as day.

MARKETJEDI

FED Action

I know most don't understand what the FED did today but today the FED essentially printed 1.15 TRILLION. The announcement of the FED buying almost everything out there include car notes is one more sign how deep of a hole we are in. Now think about it if the banks were lending out money and the system was freeing up liquidity their would have been no need for such actions. Scary will be when the FED have to mop up all this money we will be looking at drastically higher interest rate, maybe as high as double digits. Remember all they have is .25% so they can't drop any further so they are printing money at the fastest rate ever seen.

Now folks I am telling you this HERE and NOW- We are almost at the top of this rally PERIOD. This is a PUMP and DUMP scenario and I will stick by it.

I also have my CRAMER signal saying the top is in. Cramer said this is the new bull market!!!! That means SELL. He is always wrong.


MARKETJEDI

WOW

Never seen such a move before FED is going to buy up huge about mortgages etc. Bonds are up $5 never see that before, NEVER. Don't play here folks just have your stops in and see what happens. I got stopped out on my futures on that spike.

This all will be massive inflation in the future

FED Announcement today

FED announcement today- Usually today is a very light volume day till the numbers come out and we get a direction. Most traders usually take today off.

MARKETJEDI