The FEDS calmly released data in advance yesterday on what the results of the stress test on the banks were, all to help the market on the upswing, and hitting new highs. So the Treasury and the Feds appear to not want to have jolted the market, but at 2.30 p.m. yesterday the street gossip showed that Wells Fargo needed 15 billion, Citi 10 billion, and Bank of America 35 billion. It will be interesting to see how this "changes" as the results are announced, but the market took this news as more proof of a rebounding economy.
Yesterday, before 3 p.m., we had a double top being broken, and top resistance lines. The market hit 8558 by 3.15 p.m., right near our projected tops. By 3.30 p.m. the market had moved back to 8450, the former top resistance line, and the end game was on.
Traders that took inventory to the May425 Call had to buy only 10% above prior day close, at 6.30, and could have sold again to highs of 8.80
We'll hold our hedge May410P through stop loss, on a likely turndown, but may take our first licking on this signal. Somehow, we feel this whole bank game is being "played," however, and more subtle truths may surprise the market still to the downside we see. We see overbought, nothing more.
Gold has been rising to new highs on the strength of the economy and signs of improvement, we suggest, and as nations are hoarding more Gold, watching to see if another foot will soon drop.
http://www.bloomberg.com/apps/news?pid=20602013&sid=aaf5J_tLFFtI&refer=commodity_futures
All of this bodes for more upside, and a recovering economy. It's good news, if fully accurate, that the banks are progressing. A healthy consolidation and more upside would further define that the bias is becoming established.
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Floydian Therapy:
The entire article The Circle of Chaos is available on our website:
There is only so much input any mind or body can take. We each have our overload points. There is the theory of entropy that simply states “the more we handle the more we can handle”, and it drives scientifically into the entire theory of chaos.
Floydian Therapy simplifies this.
Learn where your threshold is. Know when you hit overload. Learn how to stop yourself.
Sorry, it’s that simple. And it is easier to do than you think.
1. Figure out how much you do that you really don’t want to do to, and honestly don’t have to . This is the hard one. We spend much of our lives, I teach, doing what we do not want to do. Some of this we must do. (Clean the toilet, buy food). Some of it we do not have to do (Jerry did this, and Connie did that, and now Mary is mad at Jerry, and they want you to have dinner with Linda with them, and they are all tired of how this keeps happening)
2. Tell everyone you are not going to be in this circle of chaos, and say no. Recognize there are consequences to this decision, as there are to each decision we make, and know in advance how you will ACT, not react.
3. Find what chaos you simply do not handle well. To do this, go outside yourself (the silent witness) and watch YOU, and amuse yourself with what situations cause you chaos, which creates stress. And then, change or do not allow that chaos.
Much of our lives we build endurances. Some of these can be good, as in athletics and building strengths, or being “able to handle more,” but there is a point you must step back from yourself to watch the “input” that you are processing.
The human mind can only successfully process 5 to 6 things at one time.
As we “blackberryize” and “iPod” our lives with new input, with cell phones, and internet, note that this is more input, and that it can add to the circles of chaos that you are part of and create.
The solutions are in identification, and being able to “see yourself” out of yourself.
This method of silent witness is a way to detach yourself from your thoughts and actions to be able to see how you are really acting. It is much like making a list of every single thing you do for a day, something I recommend everyone do. Write down a single day, or better yet, a week, from the morning crap to the phone calls, meals, fights, and what drama took over your day, and how you acted to it.
This is the circle of chaos, of which you control the outset, and must be aware of foremost as a person.
Define your threshold and know your endurance. Work and live to what you WANT.
For more information about Floydian Therapy, contact us at floydiantherapy@gmail.com
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