The Market Makers Finally Rigged The Market In My Favour!!

Yes they did!

I took a page from the greedy bull book and decided to ride it out some more as most of the losses from my SPY 154s and 155s have still not been fully repatriated back into my wallet.  If we start seeing a downwards trend formation, these could be one of my most profitable positions ever!  

Though Bernanke already started hinting he's got more ammunition in the closet and that asset purchases could increase or decrease accordingly, the market seems to think seeing is believing and sold off beautifully with the SPY closing very near the day's lows.  DJT mirrored the sudden change in sentiment with some very steep knifing action downwards, closing well below the previously applauded 6100 level.  The VIX confirmed that the puts are staying put by closing quite near its daily high whilst commodity traders continued putting up red flags.

Will we see VIX 17.56 once again soon - or will I look back on this moment and regret that I should have taken my own advice to take profit?  

It seems the bulls have more to lose and that they will be fighting an uphill battle from hereon in.  The next FOMC Statement is 19 June 2013 and now that expectations of more asset purchases has been upped, remaining at $85 billion could become a disappointment to the Market Makers.  Only inducing a short term market pullback will sway the Fed to do more and that's just what the Market Makers might plot next.

Moreover, earnings announcement season is almost over and it's been sorely disappointing in terms of the topline.  Cost-cutting has been the main driver of earnings growth and this isn't sustainable.  Companies need organic growth in order to win this battle.  Investors who bid P/E levels up risk getting hit with automatically inflating P/E levels resulting from earnings deflation.

So far, the double-edged sword is cutting in my favour - at least today...

US Trade Balance & US Unemployment Claims tomorrow...


+6.63% SBA
-0.97% Roth IRA

-0.94% DJIA
-0.89% Nasdaq
-0.93% S&P 

+0.33% FTSE
+0.07% Eurofirst
-0.44% Nikkei
Shanghai Closed
What happened to the Maharajas?  No data today...

-2.72% WTI
-2.49% Brent
-1.39% Gold
-4.00% Copper
-0.15% Corn

-2.32% DJT
+6.80% VIX