digitzzzz on the paste
US Market Report-TROLOLOLOLO can't beat POTUS
written by pepe with very little input from outside sources
DOW
Volume 273,140,295
Avg. Volume 294,380,491
NAS
Volume 1,926,438,976
Avg. Volume 2,199,952,295
SP500
Volume 1,906,076,164
Avg. Volume 3,571,218,196
as mentiioned for how many month's?-IT'S JUST NOT THERE
The roller coaster continued today as the NAS was nothing but paper and burning short's on the up's and down's called an equity market.
The system cannot handle "down". The futures were down about 100point s on the DOW this morning and they were quickly erased upon the cash open. Oil told the tale of today as it was quickly juiced upwards prior to the cash open. Futures already indicated this a few hour's earlier.
Pepe was up early like most anons this morning
The selloff was accelerated because INTEL had poor guidance in it's just released report
see here:
Intel : shares sink as executives give three-year outlook
SAN FRANCISCO (Reuters) - Intel Corp shares declined 2.5 percent after executives gave their three-year outlook at an investor day on the company's Santa Clara, California campus.
Chief Executive Bob Swan said on Wednesday the company sees both revenue and earnings per share growing in the "single digit" percentage range over the next three years, with flat PC chip sales offset by "double digit" percentage revenue growth in data center chips.
https://www.marketscreener.com/INTEL-CORPORATION-4829/news/Intel-shares-sink-as-executives-give-three-year-outlook-28562432/
They knew this was coming and have since the quarter ended. No surprise here.
See cap #2 for the clsoing slide, also see the circled NAS volume bars. Total prop job.
The put/call ratio is fairly skewed on the retail ETF side. But on the 'tute side it resembles the situation that developed just prior to 2008. The system made it appear "all was well" and we now know it was not.
See cap #3
here is some input from ZH
Ugly Close Erases Early Stock Gains As Algos Chase Trade Headlines All Day
Chinese markets started off weak but that drop was met with a wall of National Team buying, only to see more selling pressure stocks lower into the afternoon session close..
European markets were mixed with DAX leading and Spain and Italy flat, though well of the intraday lows.
US Futures show the roller-coaster ride today with overnight headlines of China's reneging starting the decline, Trump tweets and Sanders reiteration prompted hope-filled gains, and then China's retaliation headlines sparked selling..
Stocks were holding hopeful gains until the last 15 minutes which - as opposed to yesterday's panic-bid - dumped.
(INTEL report was coming-see above)
With a major sell program hitting.
We also note a large $20bn IBM bond sale likely put upward (rate-lock) pressure on yields all day.
10Y Yields spiked after the ugly auction, reaching up to its Monday opening levels.
Brent Crude futures just achieved a 'bullish' golden cross.
https://www.zerohedge.com/news/2019-05-08/stocks-gain-amid-bond-pain-trade-headlines-dominated
See Cap#4 for Goldman Sak's chart showing the shitshow of China will do this and China will do that as track it against the movement's of the market's.
can't say for sure anon however the just released intel report probably has something to do with it. Plus the NAS , where Intel is traded was pretty ugly all day-see that black circle and volume spike's, combination of short covering and paper imo. It's hard to tell-from a retail( regular pepe's like you and me) perspective-just exactly what it is. But if it was truly people going long organically it would not have had the poor performance it did.
Remember this is just an opinion so don't go making any hard decisions on anything said here.
heyyy you are early! What give's faggot?
> With all of today's Habbenings, Rally will be loaded!!
Ya think?
3>