Tag Archive for Frontrunning POMO

Pomo Rally Rampjobs the Market up .8% on QQQ

CVX, COP, RIMM, FCX, NEM, outperfomed so we are happy today… Yesterday I took profits on short positions and sold off the longer dated puts on my calendar put spreads on the IWM… Today, I have closed out a good deal of my incremental long exposure as the 1.5BN days are usually red ones… With that said the market will likely stay pinned for options expiration, using CRM’s “beat” to pump the stock market a little higher on Friday… I think we are going to test the old highs possibly, but we will again fail at them and will selloff again…

All we need to know is to buy PM’s and Stocks before the 6-7BN days and short index funds on the day before the 1.5BN days… it’s not purely that simple, but pretty darn close… I will keep readers posted, but light POMO for the next few days will likely be a bigger factor in markets than an oversold stochastic on the daily charts…

RSI is not too low, and the market is overvalued… In essence, the government has to print money to keep stocks up, but pretty soon that trick will not work any longer… It’s a tough environment just remember not to be short on the 6-7BN days!!!!!!!!!!! (like today)