Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Apr 13, 2010 9:45:19 GMT -5
Short SPG $85.97
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lookingherethere
Broker/Dealer
"I am in me.." <In response to the possessed rumors>
Posts: 533
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Post by lookingherethere on Apr 13, 2010 9:46:29 GMT -5
VIX up with Faz momo... time to catch some waves!!!
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Post by brosin on Apr 13, 2010 9:50:09 GMT -5
Morning all - just got caught up here. Good work this morning and I am watching for further weakness, especially in IYR.
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Post by abdogman on Apr 13, 2010 9:55:07 GMT -5
xlf at 16.54 macd for fas/faz switching back and forth over 0/0 line
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Post by cosmic on Apr 13, 2010 9:56:18 GMT -5
Looking at the various sectors, appears to be Opex Confusion as positions start to get unwound, both long and short. The bear case is there are no shorts left, so the market is bottomless now. The bull case is it's been buy the dip for over a year.
I hate 3X etf's during Opex week. But selective shorting or longing can still be lucrative on specific stocks... just watch out for the decay monster both ways.
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Post by abdogman on Apr 13, 2010 9:56:55 GMT -5
10:51 Dollar gains on talk of US think tank report saying Fed may change policy language, according to traders - Reuters
Note that Ben Bernanke testifies to Joint Economic Committee tomorrow.
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Post by abdogman on Apr 13, 2010 9:59:02 GMT -5
BB's on fas/faz tightening vol slacking
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Post by ukarlewitz on Apr 13, 2010 9:59:27 GMT -5
JPMorgan Chase (JPM) may show a decline in net income when it reports Q1 earnings tomorrow. Mortgage writedowns may be as high as $2.5B per quarter during 2010, compared with $8.3B in all of 2009.
Oh dear. 85% of the improvement in profits is from banks.
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Post by cosmic on Apr 13, 2010 10:01:34 GMT -5
Is it true the banksters from WAMU are testifying today in DC? That could bring some market slack.
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Post by cosmic on Apr 13, 2010 10:06:15 GMT -5
Trin at .7, computers overheating to try and keep things up? Is 49 a good deal for the Q's? Not sure. How many more wireless access points are necessary?
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Post by abdogman on Apr 13, 2010 10:12:15 GMT -5
xlf at LOD of 16.53 //macd now neg Fas
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lookingherethere
Broker/Dealer
"I am in me.." <In response to the possessed rumors>
Posts: 533
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Post by lookingherethere on Apr 13, 2010 10:12:36 GMT -5
FAS at LOD...hmmmm
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Post by abdogman on Apr 13, 2010 10:12:56 GMT -5
heads up in xlf
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Post by ukarlewitz on Apr 13, 2010 10:13:08 GMT -5
nice reversal in S. Now printing a daily black bar. Day is young but be careful. It pierced the upper BB while ramming CCI through 200. Trend is certainly bullish overall.
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Post by brosin on Apr 13, 2010 10:14:52 GMT -5
What is up with the strength reits today, any ideas?
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Post by abdogman on Apr 13, 2010 10:15:19 GMT -5
xlf bouncing on S2 at 16.525
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Post by abdogman on Apr 13, 2010 10:17:40 GMT -5
11:00 IMF proposes taxing derivative dealers in lieu of clearing mandate - DJ
DJ reports the International Monetary Fund cautioned Tuesday against new legislation that would force dealer banks to clear their swap trades, and instead urged policymakers to consider imposing a risk-based tax on dealers as an alternative way to encourage central clearing. The IMF's suggestion differs from proposals under consideration both by the U.S. Congress and the European Commission which would force banks to submit some of their routine contracts to a clearinghouse, which guarantees trades for both parties in case one side defaults. "A mandate to centrally clear standardized contracts is a less desirable solution because the need to post potentially large amounts of margin will be disruptive if done at once," the IMF said in one of the chapters that form part of the semi-annual Global Financial Stability Report. "However, if other incentives do not generate enough movement, a mandate may be necessary to overcome market participant fears of being first movers."
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Post by ukarlewitz on Apr 13, 2010 10:18:20 GMT -5
Carl - revised range 1181-92. Lod 1185, hod 1192, now 1188.
Spy has a second trend line (from mid March) around 118.2.
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Post by abdogman on Apr 13, 2010 10:18:55 GMT -5
macd now pos for faz on 1 min// xlf at 16.535
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lookingherethere
Broker/Dealer
"I am in me.." <In response to the possessed rumors>
Posts: 533
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Post by lookingherethere on Apr 13, 2010 10:20:14 GMT -5
The Federal Deposit Insurance Corp. on Tuesday voted to propose assessing higher periodic fees on large, risky financial institutions and lower fees for some smaller, less risky banks.
"The intent is to assess risk during the entire credit cycle," said FDIC chairman Sheila Bair. "It deters excessive risk taking during economic expansions."
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Post by ukarlewitz on Apr 13, 2010 10:21:01 GMT -5
What is up with the strength reits today, any ideas? SRS is the devil. It blows more than Vxx. |
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Post by ukarlewitz on Apr 13, 2010 10:23:30 GMT -5
Anyone else thinking of going to Santorini this summer?
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Post by cosmic on Apr 13, 2010 10:23:49 GMT -5
Looks like the bear is over with for the day. Hope everyone got a .10 short scalp in somewhere and so now what, go long again?
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Post by Rich on Apr 13, 2010 10:27:27 GMT -5
FAS could see 106 quickly if 108 area falls. If 106 is broken.....102.
Said the bear.
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Post by ukarlewitz on Apr 13, 2010 10:32:45 GMT -5
After 2h, A:D still 2:1 neg with vol lacking (thus trin 0.7).
NQ adv vol > decl vol although A:D 1.6:1 neg.
High tick +890. MA > 0.
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Post by Rich on Apr 13, 2010 10:33:36 GMT -5
Looks like the bear is over with for the day. Hope everyone got a .10 short scalp in somewhere and so now what, go long again? You know they're not gonna make this easy. Squids lurking with their big ugly eyeball. |
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lookingherethere
Broker/Dealer
"I am in me.." <In response to the possessed rumors>
Posts: 533
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Post by lookingherethere on Apr 13, 2010 10:35:32 GMT -5
This bull just won't go down.. where's my shotgun?
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Post by cosmic on Apr 13, 2010 10:35:52 GMT -5
My suspicion based on the Opex action: Not gonna fall much. They're screwing the covered call sellers, who will have their shares yanked to give to the call buyers.
Both will lose soon after opex. Long Calls who took shares will see a fast devaluation and an island reversal. Short calls will lose their shares but be forced to buy in higher (to have something to sell against) and will see devlatuions that can't be made up by mere call selling.
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Post by abdogman on Apr 13, 2010 10:36:35 GMT -5
xlf 16.535 all ahead sideways.....
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Post by ukarlewitz on Apr 13, 2010 10:43:51 GMT -5
After 2h, SRS daily vol already > yesterday's. Spy vol more than half yesterday's.
You must buy the dip. The dip is your friend. The road to nirvana is lined with shallow dips and burned out inverse etfs.
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