all is quiet…

Alcoa was “better than expected” and Spanish bond yields are retreating.  Stock futures timidly higher.  Has anything changed?

A few things changed in the last week, especially yesterday:

1.  The reintroduction of fear means market participants will likely carry a few less positions this month and position sizes will probably chastened as well.

2.  Every chart is broken.  The bulls will go back to their weekly charts for reassurance about the trend now that the daily charts are too grotesque to behold without the aid of a mirror.  Someone somewhere will start muttering about some level being the next support but we all know how easily these so-called “key levels” are violated when the selling picks up, they are totally irrelevant.

3.  You’re going to hear from the gold bugs.  The precious metals trades all caught bids in the maelstrom yesterday.  The gold guys have not retired nor did they disappear, they just spent most of the first quarter in hibernation.

 

 

 

What's been said:

Discussions found on the web
  1. PI News Wire commented on Sep 22

    … [Trackback]

    […] Here you can find 65293 additional Information on that Topic: thereformedbroker.com/2012/04/11/all-is-quiet/ […]

  2. Bitcoin Era Review 2020 commented on Oct 01

    … [Trackback]

    […] Here you can find 41589 additional Information on that Topic: thereformedbroker.com/2012/04/11/all-is-quiet/ […]

  3. devops consulting commented on Nov 27

    … [Trackback]

    […] Read More here on that Topic: thereformedbroker.com/2012/04/11/all-is-quiet/ […]

  4. cibc online business banking commented on Dec 04

    … [Trackback]

    […] Here you can find 59366 more Info on that Topic: thereformedbroker.com/2012/04/11/all-is-quiet/ […]

  5. replica watches commented on Dec 17

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2012/04/11/all-is-quiet/ […]

  6. human hair wigs commented on Jan 16

    … [Trackback]

    […] There you can find 92651 more Information to that Topic: thereformedbroker.com/2012/04/11/all-is-quiet/ […]