Markets bounced off from ST supports today with oversold intradays with positive divergences. Also, it is the End-of-month market manipulation to get market prices high as possible to show good portfolio level. However, we had extremely negative economic news today with multi-decaded low consumer sentiment and Shiller's home price index.Because markets are continuing to hype markets, we are facing multi-decades of bubbles and a mountain of US Debt. Through bubbles and crashes, only a privy, colluded financial group is getting super-rich.
Markets traded in very light volumes showing higher risk even though price actions are marked up with EOM manipulation with big cap stocks.
Markets bounced off from supports in light volumes today with hype:
Investors who spent the past nine months avoiding the skidding US stock market and economy by snapping up multinational companies are now coming back home. Hyping about oil pulling back 2.6% today.
Oil price was low in 2002 and with ARM housing manipulation, economy bounced up, i.e. US consumers emptied their wallets with home equity spending.
Now we have many US consumer skeleton spending power, but it is obvious that markets are hyping up for the election year with deceiving bull market.
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