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Post by ukarlewitz on Sept 21, 2010 10:35:08 GMT -5
Ritholtz: How funny is this tweet: zerohedge once again pissed that asteroid avoided colliding with earth
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Post by abdogman on Sept 21, 2010 10:45:51 GMT -5
BB's tight on 1m xlf fas faz xlf 14.83 on 1m macd has been pos last 10 mins on 1m xlf fas
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Post by abdogman on Sept 21, 2010 10:53:08 GMT -5
Dogs and Lunch ....back by 1400EDT......Good Luck !!!!!!!!
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Post by ask2lern on Sept 21, 2010 11:33:50 GMT -5
Yawn.............my current SPY #'s even though I am not trading..............R 114.25 PP 114.04 R113.66
dats all for now folks.......................GL
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Post by abdogman on Sept 21, 2010 13:07:06 GMT -5
macd on 1m xlf fas just neg now xlf 14.80 on 1m
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Post by abdogman on Sept 21, 2010 13:11:34 GMT -5
5 minutes ahead of the Fed, SPX is -4, DJ -7, Nasdaq Comp -8
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Post by abdogman on Sept 21, 2010 13:16:21 GMT -5
1406 summary of policy statment FOMC from briefing.com
Information received since the Federal Open Market Committee met in August indicates that the pace of recovery in output and employment has slowed in recent months. Household spending is increasing gradually, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit. Business spending on equipment and software is rising, though less rapidly than earlier in the year, while investment in nonresidential structures continues to be weak. Employers remain reluctant to add to payrolls. Housing starts are at a depressed level. Bank lending has continued to contract, but at a reduced rate in recent months. The Committee anticipates a gradual return to higher levels of resource utilization in a context of price stability, although the pace of economic recovery is likely to be modest in the near term. Measures of underlying inflation are currently at levels somewhat below those the Committee judges most consistent, over the longer run, with its mandate to promote maximum employment and price stability. With substantial resource slack continuing to restrain cost pressures and longer-term inflation expectations stable, inflation is likely to remain subdued for some time before rising to levels the Committee considers consistent with its mandate. The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels for the federal funds rate for an extended period. The Committee also will maintain its existing policy of reinvesting principal payments from its securities holdings. The Committee will continue to monitor the economic outlook and financial developments and is prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate. Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; James Bullard; Elizabeth A. Duke; Sandra Pianalto; Eric S. Rosengren; Daniel K. Tarullo; and Kevin M. Warsh. Voting against the policy was Thomas M. Hoenig, who judged that the economy continues to recover at a moderate pace. Accordingly, he believed that continuing to express the expectation of exceptionally low levels of the federal funds rate for an extended period was no longer warranted and will lead to future imbalances that undermine stable long-run growth. In addition, given economic and financial conditions, Mr. Hoenig did not believe that continuing to reinvest principal payments from its securities holdings was required to support the Committee's policy objectives.
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Post by abdogman on Sept 21, 2010 13:19:00 GMT -5
BB's spreading on 1m xlf fas faz xlf fas on upper band macd pos on xlf fas 1m xlf 14.87 on 1m
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Post by ccash04 on Sept 21, 2010 13:19:24 GMT -5
Wow it appears stocks were right bonds were wrong!! TBT surging as are equities.. Me like
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Post by abdogman on Sept 21, 2010 13:20:14 GMT -5
eur rising uup falling
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Post by ccash04 on Sept 21, 2010 13:21:00 GMT -5
Nice topping tails on the TLT but seems to be gaining some back.
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Post by brosin on Sept 21, 2010 13:22:40 GMT -5
Holy cow TBT is moving huge. Thanks CCash hadn't even been watching that. QUITE a move
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Post by ukarlewitz on Sept 21, 2010 13:26:56 GMT -5
JackDamn - I just saw a bear on fire walk past my office window. $FED
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Post by ccash04 on Sept 21, 2010 13:27:32 GMT -5
I've only been trading TBT and TLT and some 10 yr futures this week, don't trust the equities/but don't want to get short
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Post by ccash04 on Sept 21, 2010 13:28:45 GMT -5
I think that treasuries (esp the longer end) will converge after yesterdays divergence, looks as if treasuries were used to hedge equity long exposure.
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Post by abdogman on Sept 21, 2010 13:29:11 GMT -5
macd neg on 1m xlf now xlf 14.86 on 1m
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Post by abdogman on Sept 21, 2010 13:30:05 GMT -5
spy didn't get thru 114.25 on 1st try
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Post by brosin on Sept 21, 2010 13:31:22 GMT -5
JackDamn - I just saw a bear on fire walk past my office window. $FED LOL way to go UK I just bust out laughing. Good thing I wasn't sipping my Dr Pepper at that point
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Post by brosin on Sept 21, 2010 13:32:35 GMT -5
The market sure is anticipating QE2 though - take a look at gold stocks.....
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Post by abdogman on Sept 21, 2010 13:33:26 GMT -5
xlf 14.895 on 1m
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Post by abdogman on Sept 21, 2010 13:35:12 GMT -5
macd pos last 3 mins on 1m xlf fas xlf 14.93 on 1m
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Post by abdogman on Sept 21, 2010 13:36:01 GMT -5
spy thru 114.25 R........
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Post by ukarlewitz on Sept 21, 2010 13:36:40 GMT -5
I'm looking for anything not nailed down to sell into this spurt. Look at the pop in ABX
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Post by abdogman on Sept 21, 2010 13:40:19 GMT -5
I'm looking for anything not nailed down to sell into this spurt. Look at the pop in ABX wow!
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Post by abdogman on Sept 21, 2010 13:41:06 GMT -5
xlf 14.95 on 1m
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Post by brosin on Sept 21, 2010 13:41:07 GMT -5
Yeah all the gold stocks took OFF majorly.
Well I guess the whole index has, but them especially. I am short ticker:GOLD as a hedge and saw that one start flying
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Post by ukarlewitz on Sept 21, 2010 13:41:13 GMT -5
Look at the pop in MVIS (not)
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Post by ccash04 on Sept 21, 2010 13:41:54 GMT -5
wow nevermind, TBT plunging. I'm confused to say the least.
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Post by brosin on Sept 21, 2010 13:44:41 GMT -5
Yeah whoa me too.
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Post by abdogman on Sept 21, 2010 13:45:17 GMT -5
macd just neg on 1m xlf fas xlf 14.92 on 1m
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