 | Since day one of Ben Bernanke’s testimony did not provide any clear signs of when we could see another round of quantitative easing, Big Ben has gone into obfuscation mode and he’s playing it close to the vest.
Perhaps, we might need to look at the moon for a market tip.
On Tuesday Mr. Bernanke will have the second day of his testimony and the moon, yes the moon, will have a new phase. Since Ben will remain tight lipped, we might need to review previous studies on how the major indexes have performed during the changing of the moon’s phases. The market psychics aren't answering their phone
Actually, the Buy the new moon and Sell the full moon strategy in past years has had some success, but so far this year the S&P futures contract is not highly correlated. Surprisingly, the inverse of this strategy has worked - buy the full moon sell the new moon has been profitable four months out of seven this year.
Maybe Ben will take some cues from his lunar guides and invert his monetary strategy. Since QE’s past haven’t worked and QE’s future have already been priced into the market, maybe he should tell Congress that he is turning off the printing presses and that his policy of forced liquidity has failed miserably
But expecting that type of prudent talk from "Helicopter-Ben" is as likely as a square moon.
Trade well and follow the trend, not the so-called “experts.” Behold the age of infinite moral hazard! On April 2nd, 2009 CONgress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banking mafia.
larrylevin@tradingadvantage.com
Trading Advantage
(888) 755-3846  |  Larry Levin's Trading Advantage is a leading investment education firm that empowers traders to achieve and surpass their financial goals. More than 50,000 students have used Larry Levin's proven techniques for powerful results. |
Trading Signals from the Electronic (ES) mini-SP 500 - VA buy @ 9:10am at 1345.75 = +1.50 (1)
- Algorithm positions (6)
- “Reading the Tape” positions (0)…combined Secret’s, Algo, & “Reading the Tape” total… +1.50
Click Here to See Yesterday's Detailed Results
ES 1358.00 / 1343.50
POC... 1358.00
YM 12743 / 12621
NQ 2588.50 / 2562.50
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Keep a civil tongue.