5 April Fishy

If it smells like a Fish, probably it is a FISH.

that is what is happening to this rally, last few minutes on Friday closing, Dow dashes for the 8000 mark, closing at 8017, the low on Friday was 7900. A concerted effort to gain 117 points from 11 am to 4 pm close.

SPX also made last minute dash towards 842.

The Funds are driving up the market to attract retail funds from 401K, etc. Nothing surprising that Templeton, Fidelity has called bottom few weeks ago. While Bernanke call of green shoots.

The NFP number probably is jigged to fall in line with expectation, and to be revised upwards 2 months down the road, when everybody forgets.

All these are necessary since the President is now overseas. Things have to look good back home.

Most trades looking for higher high, SPX to 850, 857 before another a short dip ahead. Bullish sentiments are expected to remain for coming 2 weeks, before everybody rush for exit.

On Friday, USDJPY held 100, Gold dipped, EURUSD also squeezing higher. However UKX have dipped already on daily basis. USDJPY looks like a dagger move.

Or is the market telling something ? most instruments are now aligned on the same starting line, for a parabolic rally, or a plunge ?

IF there is a FISH out there, you can steam it, roast it.

If most traders are looking for another leg of the rally next week, should we be expecting the unexpected ?