|DATE||CLOSE||SIGNAL||MAX HIGH (%)||MIN LOW (%)||MAX HIGH ($)||MIN LOW($)|
|2015-03-18 09:45:00||207.14||BUY||1.241%||-0.251%||$ 2.57||-$ 0.52|
Sunday, March 22, 2015
Weekend Update Week 12
With the market up 2.56 % (52.75 pts) on the week we only got one tradable buy signal which occurred the morning of the Fed announcement. It was a decent buy signal as it happening right at support of 207.09. However, the market did move lower to test minor support at 206.64 before blasting higher after the Fed announcement. I wholeheartedly believe that the big market operators positions themselves well in advance of news that will significantly move the markets one way or the other. I also believe that these large market operators know exactly the contents of the news to be announced and position themselves accordingly. Its not manipulation more so than it is insider trading but unfair all the same. If you look at the daily chart for the week or two leading up to the Fed announcement you will see that the down days had significantly higher volume (more than 50% to 100% more than the 10 day average). The big operators always look to reload their inventory of stock on the way down not on the way up. The opposite holds true when they want to sell their inventory, that is they do it on the way up not on the way down.