Wall Street rose in the premarket on Tuesday after the Monday session represented the strongest performance for some United States stock markets in at least two months. Yesterday’s optimism was seemingly sparked by a notion that the Federal Reserve could slow down the pace of interest rate hikes in light of weaker economic data. Investors will assess jobs and factory data due to come out following the start of the trading session on Tuesday. The Dow Jones Industrial Average index climbed 1.59%, or 470 points, at 4:00 am ET. The Nasdaq 100 was up 1.82% and the S&P 500 grew 1.71% at the same time. The euro rose by 0.52% against the dollar, changing hands for 0.98765 at 3:59 am ET. NN: Remember me. I was very specifice in telling you that the bottom was in key markets and gave you trades. I could give a ratts ass how much i lose waiting for a move that i know fundamentially, technically and the little voice inside tells me is coming.
To be specific:
In oil: that latest swoon in Brent crude to $82.50 area in oil i told you i thought it was a significant bottom. In fact I had you lower your stops and urged you to not miss your average points. As i write this oil is close to $90 a barrel up almost 8 bucks. OPEC is going to cut production and it is going to be a long cold winter.
I told you when every swing dick and big nipples titties trading a trillion dollars of someone else’s retirement money was short i cannot help myself i have to go the other way. Those fucks are always wrong.
In the Dow: I was very specific that i expected the 27,800 low to hold. In the premarket the Dow is over 30,000
S&P 500: 3600 was the predictable low confirming the June 16 bottom……. And now trading over 3700
NASDAQ 100: I still have the red line on my chart predicint the bottom at 11,000. In fact we sent out a trade alert. The market is now trading over 11,400
Euro USD: The 95550 bottom is in is now trading over .9800.
Pound USD: has put in a bottom at 1.04.
Treasuries: a After having you not bother buying treasures at near ZERO rates for two year. I finally put you in near 4%. I pity the fools and their were a hole lot of swinging dicks and hard nipped big titties that locked in rates for years at near ZERO. Many pension funds have lost 30% in the stock market crash and 70% in bonds. How do you Spell Stupid….. wallStreet!!
Please Note: The wipe out in the British guild CDO’s because of a too rapid rise in rates has the FED shitting all over their pin stripped suits. They will relent….. For Now….. What is called the taper.