Market view

Nothing new really - markets really choppy up and down, POMO in play and HFT machines in play with markets having a very low volume. We saw AAPL and other stocks with flash crashes intraday.......well if AAPL got a flash crash dont you think MANIPULATION ?? AAPL is one of the most liquid stocks in US and if that can have a flash crash the whole markets can EASY have one too...... Remember I went bullish markets since the break at 1065 and rode markets up to 1120-1130, then I took profits and began to short... markets have really just been CHOPPY and SLOWLY creeping up since there. We are 20-30 points higher now in SP500 over like 2-3 weeks nearly and that is nothing. THESE 20-30 points in SP500 can be taken out in 1 single day and thats why I stay BEARISH cause NOTHING is getting bullish here other than POMO buying, and everyone now think its a win win situation, cause when FED pumping up markets, well whats the downside ? There is no one ? Recession is over, hallelujah ! .... No we are about to get the most violent crash and I dont know what the trigger will be, maybe they are juicing markets up cause window dressing and then start October will be a completley disaster, but I will be on the good site and STAY short, I am a bit underwater now, but been adding on the way up. Remember not to go ALL IN shorts, but always have some cash.

Conclusion:

Markets can roll over ANYTIME and it could be in a big flash crash, October will most likely be a disaster.

SPX target 942 in 1 month or 2-3 weeks from here....DISASTER.

From Smart Money.

"Smart Money Buying Huge Put Options for Another “Stock Market Crash 2010″? Charts Options Trading SPX Strategies Live 1100 Oct Put Option Huge Trade ETFs SSO, SDS, SPXU & SPY 63k traded. September because of the amount of short interest was at least 2 to 3 times above its normal amount. The back door shows 63k contracts purchased on the 1100 Oct Put. Large institutional traders are making bearish bets. They’re looking for a “Red October” and a “1987 Stock Market Crash” type move based on the money currently traded at the 1100 & 1120 Strike Price. You don’t see this kind of volume traded unless there is a huge move around the corner. Once the shorts are squeezed out of these markets there is one big drop coming on the S&P 500 and that markets are going down. We know exactly that these contracts were at and we bought them at on light volume. You don’t see this type of volume traded unless there is something coming. We’ll be looking at the earnings cycle which is over on the top end. This post election rally that everyone is looking for is already priced in. Know when to buy the rumor but more importantly know when to sell the news.

The trigger ? Well there is so much we dont know which is really bad and they are trying to cover it up so we wont panic, but things will come out slowly , maybe a war ? Currency war, world war ? Terrorism ? I dont know.. but BAD things is about to come.

Markets going to new highs ? NO way I will bet my whole portfolio that we dont see new highs on this rally, we are just on the edge before falling down from a cliff. Look at financials yourself.. they arent rallying and if the FINANCIALS wont follow, we wont rally. This is all a suckers rally!

Have a nice day