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Post by Dualism on Jul 8, 2010 12:56:22 GMT -5
In 1998, markets were shocked by a drop in emerging-market sovereign debt and the collapse of the hedge fund Long-Term Capital Management. The uncertainty contributed to a 20 percent plunge in the Standard & Poor’s 500 Index in three months, followed by a rebound, Peters said in a June 15 research note. The extra yield investors demand to hold 10-year Treasury notes compared with 2-year debt predicts positive economic activity, Peters said. “While the curve has flattened out, it’s important to remember that the steepness is telling you that economic expansion is still on the horizon,” Peters said. noir.bloomberg.com/apps/news?pid=20601087&sid=aZtDzgWkH6Ew&pos=4
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Post by ukarlewitz on Jul 8, 2010 13:02:47 GMT -5
It's amazing how many charts show prices that have really not done anything in the past 8 months except trade in a sideways band. Now, granted, there is great profit to be made within that band, but I still think we have months of the same ahead of us. I think the market is trying value (otoh) low growth and macro risk/uncertainty, and (otoh) strong balance sheets and a wide yield gap between equities and bonds.
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Post by ukarlewitz on Jul 8, 2010 13:05:06 GMT -5
Carl - sold 1058 for b/e. Thinks we go test 1050.
Oscar still holding.
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Post by abdogman on Jul 8, 2010 13:16:08 GMT -5
BB's spreading on vix 1m its rising BB's spreading on Eur 1m its falling
xlf at 14.13 on 1m macd neg xlf fas on 1m
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Post by ask2lern on Jul 8, 2010 13:17:48 GMT -5
I show LOD $tick just crossed at -1102 .......GL
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Post by ccash04 on Jul 8, 2010 13:19:23 GMT -5
It's amazing how many charts show prices that have really not done anything in the past 8 months except trade in a sideways band. Now, granted, there is great profit to be made within that band, but I still think we have months of the same ahead of us. I think the market is trying value (otoh) low growth and macro risk/uncertainty, and (otoh) strong balance sheets and a wide yield gap between equities and bonds. I would have to agree, we probably trade w/in the band up to 1250-1300 at the top and what looks like 940 on the bottom. Certainly plenty of room to make money but still sideways. With lower growth ahead of us, best to be a stock picker over the longer term and find the stocks that offer growth than rather than index invest.
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Post by ukarlewitz on Jul 8, 2010 13:21:00 GMT -5
First low tick: -1100 at 106.
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Post by ccash04 on Jul 8, 2010 13:22:01 GMT -5
MU in the gutter today after touching $9 this morning down almost to $8.50. I'm kicking myself for not getting out this morning with a big profit but for once I'm going to stick to my original plan, selling after Intel's results (next tuesday).
BTW open interest for MU 9 calls is >71,000 which dwarfs any other strike, that might have something to do w/it too. ;D
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Post by abdogman on Jul 8, 2010 13:30:28 GMT -5
BB's tight on 1m xlf fas faz
xlf at 14.11 on 1m
macd pos last 6 mins on 1m for xlf fas
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Post by ukarlewitz on Jul 8, 2010 13:34:58 GMT -5
To note, we've had some nice moves from ticks at +1000 and -1000 today. Yesterday, there was no retrace on the high ticks, and there were no low ticks. You can chalk the difference in the two days up to the A:D line.
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Post by abdogman on Jul 8, 2010 13:35:26 GMT -5
BB's groweth narrow on vix 1m
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Post by ukarlewitz on Jul 8, 2010 13:37:55 GMT -5
This guy on stocktwits now seems pretty smart.
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Post by ukarlewitz on Jul 8, 2010 13:43:33 GMT -5
tick now hitting +1000. The watch is that it's coming near eod. As you know, a high tick at this time is frequently bullish.
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Post by abdogman on Jul 8, 2010 13:47:26 GMT -5
BB's on Eur 1m spreading and eur moving up BB's on Vix 1m not spreading as much and it is going down
xlf 14.13 on 1m
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Post by ukarlewitz on Jul 8, 2010 13:56:09 GMT -5
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Post by ukarlewitz on Jul 8, 2010 14:00:36 GMT -5
Spy now hitting vwap. This has been R all day.
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Post by jack on Jul 8, 2010 14:04:15 GMT -5
VIX down/Euro up what's not to like?
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Post by abdogman on Jul 8, 2010 14:12:54 GMT -5
1500EDT
May Consumer Credit -$9.1bln vs -$3.0 bln Briefing.com consensus, prior revised to -$14.9bln from +$1.0 bln
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Post by ccash04 on Jul 8, 2010 14:19:33 GMT -5
1500EDT May Consumer Credit -$9.1bln vs -$3.0 bln Briefing.com consensus, prior revised to -$14.9bln from +$1.0 bln That's good right?
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Post by ukarlewitz on Jul 8, 2010 14:21:42 GMT -5
Some big ticks into the final 40'. Everyone is so bearish. To me, Spy looks like a bull flag on the 10'. Not sure what the panic is all about.
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Post by ask2lern on Jul 8, 2010 14:22:04 GMT -5
if you believe this market is not going to tip over FSLR crossed above the 200 SMA yesterday...................every time it has done this in the last 12 months it has provided a good swing................if I had faith in this market I would play it but if the market tips this one can get whacked........................just an idea....................GLTA
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Post by abdogman on Jul 8, 2010 14:22:22 GMT -5
1500EDT May Consumer Credit -$9.1bln vs -$3.0 bln Briefing.com consensus, prior revised to -$14.9bln from +$1.0 bln That's good right? if it was all good debt i would imagine it would be bad for the lendor
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Post by abdogman on Jul 8, 2010 14:25:46 GMT -5
BB' spreading on 1m for xlf fas faz on 1m xlf fas on upper channel xlf 14.215 on 1m
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Post by ukarlewitz on Jul 8, 2010 14:25:49 GMT -5
Spy through vwap. tick blasted to 1400. Go baby.
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Post by abdogman on Jul 8, 2010 14:39:06 GMT -5
xlf 14.27 on 1m
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Post by ccash04 on Jul 8, 2010 14:40:17 GMT -5
if it was all good debt i would imagine it would be bad for the lendor Street could spin that as banks lending!!
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Post by ukarlewitz on Jul 8, 2010 14:41:07 GMT -5
tremendous buy programs here: tick has been stuck above 1300 for 15'.
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Post by abdogman on Jul 8, 2010 14:41:35 GMT -5
xlf now 14.20 on 1m over 2m shares sold
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Post by abdogman on Jul 8, 2010 14:42:57 GMT -5
xlf on 1m now back up to 14.26 on 1m
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Post by Dualism on Jul 8, 2010 14:43:40 GMT -5
After 3 attempts at recapturing the VWAP today, SPY finally did so with gusto and ran nearly all the way to its 2 SD upper band.
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