Non-Farm Friday – Is America Working?

April 04, 2014 at 08:26 AM EDT

Sorry, but this "rally" is just too much BS for me. As you can see from Dave Fry's SPY chart , we're running up on ZERO volume in the Futures and then we sell off all day on very low volume (because there are no buyers and the Funds are exiting slowly) and then we have dip at the finish as the ETFs that HAVE to buy at MOC (Market on Close) pricing get shares jammed down their throats by the pumpers. It's a complete and utter farce and completely ignored by the MSM, especially the Financial Media, who just play along as if none of this matters. While you may consider the manipulation of currency and metals markets to be news (both are under international investigation at the moment) – it doesn't rate a mention in the Financial Media, who's advertising revenue comes mainly from the companies that are being investigated for fraud and manipulation. April Fools! The above is what I wrote along with the chart on March 7th in " Non-Farm Friday – America Still Not Working ." That was 3 days ago, we've come a long way since then because, THIS TIME, we have SPY at 188.63 coming into Non-Farm Payrolls, so take THAT 188.10 – IN YOUR FACE! Despite the month-long flatline, the bullish trade idea we had back on 3/7 was a big winner. Our trade idea in that mornings post ( which you can get delivered to your mailbox, pre-market by subscribing here ) was: …

SPY 5 MINUTE Sorry, but this "rally" is just too much BS for me.

As you can see from Dave Fry's SPY chart, we're running up on ZERO volume in the Futures and then we sell off all day on very low volume (because there are no buyers and the Funds are exiting slowly) and then we have dip at the finish as the ETFs that HAVE to buy at MOC (Market on Close)pricing get shares jammed down their throats by the pumpers.

It's a complete and utter farce and completely ignored by the MSM, especially the Financial Media, who just play along as if none of this matters. While you may consider the manipulation of currency and metals markets to be news (both are under international investigation at the moment) – it doesn't rate a mention in the Financial Media, who's advertising revenue comes mainly from the companies that are being investigated for fraud and manipulation.

SPY 5 MINUTE April Fools! The above is what I wrote along with the chart on March 7th in "Non-Farm Friday – America Still Not Working." That was 3 days ago, we've come a long way since then because, THIS TIME, we have SPY at 188.63 coming into Non-Farm Payrolls, so take THAT 188.10 – IN YOUR FACE!

Despite the month-long flatline, the bullish trade idea we had back on 3/7 was a big winner. Our trade idea in that mornings post (which you can get delivered to your mailbox, pre-market by subscribing here) was:

…