By Sell Puts
I tweeted Tuesday afternoon the SPY had become hard to borrow intra day, very odd considering the absolutely ridiculous amount of shares available. Very much collusion must be going on for the shares to become all locked up. What makes this post worth even reading is the price action we saw the following day, where the market fell off very hard following disappointing economic numbers. Shenanigans like this is what makes everyone believe this market is a total crock of shit.
If there are no shares to short and no one wants to sell, the only direction the market can go is up. The heavy selling we saw early in Wednesdays session was clearly real selling though it was not perpetuated by fresh shorts coming in. This is all by design, whomever knew what the economic number was took the liberty to "fix" the market so as the funds sold after the number bottom buyers came and took the market all the way to even before retreating again. This was premeditated market operation, yes market operation is a real phenomenon though this should make it clear to you their are forces outside our control "operating" our markets.
There would have be no way for the SPY to recover today and yesterday if it were not hard to borrow. The buying today seemed to be unrelenting, i have no idea where it was coming from. What i do know is the volume was light and clearly VIX at support is still messing with our markets ability to start the day off green. I still feel April will be a grind up, unless we have a day which we trade down all day and CLOSE on lows, no intra day bottom buying BS. Until i see this, the trend is still up but i do feel like the market is becoming heavy.
