This page has been archived and commenting is disabled.
Breakout or Fakeout???
Navigating today's market is akin to trying to juggle 3 bi-polar psycho girlfriends at the same time. Wild mood swings and total unpredictability is making many traders head spin. No doubt, Goldman is engineering a plethora of "shakeouts" and "fakeouts" to burn its biggest clients who have outsized positions in various stocks or sectors.
These have taken off, as if they just received a casting call from James Cameron....
Meanwhile, anyone who shorted crude oil got creamed.....
Biggest mover today was Ann Taylor...
Meanwhile some of the former high flying Nasdaq hookers are still recovering in rehab. Hard to believe that the market will get very far without these:
"Sell All Rallies!!"
And despite the unemployed consumer and the outright implosion in housing, mattress companies are making 52-week highs...
LOL....
Next group to watch is the OIH, which didn't exactly bust a move today with oil up so much.
And of course, the much favored REIT's, which remains the most favored "safe haven" sector for most investors.
Fakeout or Breakout??
»
- 8289 reads
- Printer-friendly version
- Send to friend
- advertisements -
Tasty....analysis.
Bounce to test failed trend lines.... Kisses from below forthcoming
Breakout
Ann Taylor will close soon.
...err...uhh, 'scuse me... what were you saying......was trying to figure if that was an early Kim Bassinger or...
...never...mind.....
I believe that is Kate Beckinsale.
Excuse me, I'll be in my bunk.
Well ZH, looks like TPTB know our weakness.
Keep fiddling (masturbating) while rome burns.
paul volker says: “it's like pornography, you will know it when you see it.”
"Navigating today's market is akin to trying to juggle 3 bi-polar psycho girlfriends at the same time."
LMAO! One of your best lines ever.
I had one pre-Xanax bi-polar wife. I didn't juggle...I dodged...plates, glasses. Too close to home to be funny even after all these years. But it's still funny!
Andy, she is the hottest babe Robo ever posted - by far!!!
She's "the matress professional".
Polo Ralph Lauren RL reports tomorrow morning. Either way Ralph is an icon, here's why:
http://www.mfa.org/exhibitions/sub.asp?key=15&subkey=500
she looks like that woman from Underworld. Smokin'
Careful, Andy. There are at least 4, if not 6, visible lips in that picture.
Andy, while i love everything about this pic, and love the angry commentary you bring out, out of deference to the female contingent of positive contributors on this site, I kinda gotta flag you as junk.
obviously, andy is a leg man†
oso....what about the female contingent that are lesbians? perhaps they would enjoy the pic?
andy...once again, your brilliance as an analyst of the airline sector comes through.
your sneaky, head.
just trying to look at the matter from all perspectives.......
You could use a grammar checker, 'babe'.
Has this girl been asking for me? She probably sent you the pic, insisting that you forward it to me, right?
This girl makes rich men poor.............
Today's market action:
Most active gainers:
NYSE
Nasdaq
Amex
Most active decliners:
NYSE
Nasdaq
Amex
As the son of a recent Kodak retiree, let me assure you that EK is the ultimate fake out.
In a sane world or even one slightly mad your take would make perfect sense.
However, when the market is loosened from its moorings, and is gunned and shot down by manipulators, gamblers, gypsies, tramps, and thieves, all bets are off.
Only thing that makes sense then is price action. Follow the tape. Until you don't.
I worked for Eastman, my father worked there, my sister retired from there. Eastman is a buggy whip manufacturer. They used to make a great product that is now defunct. They are doing ok with the movie film business, but that's not enough.
Would love to get behind that mattress trade!
Charts great, babes great, midget face slide....priceless!
I don't care what Volker said, I want to see the blonde in the pics in some pornooooooo....I will let him know if what I see qualifies for spankervision.
Calamari for everyone!
They were gunning the junker banks in Europe today:
TSO and CHRW getting destroyed after hours....
Pretty big warnings.
TSO came down from $65 to $13.... that prices in a few good shit storms, and it has a pretty good base the last 14 months.
Great, vix fooling with a low- again...nevertheless, buy vol as it bottoms again.
When the blackstar liner/ship comes there will be dancing on the rooftops. Afterwards, independence will be regained only by effort, big effort.
I really can't read this thread... :(
Everytime I try, my eyes block and certain pics :)
I really can't read this thread... :(
Everytime I try, my eyes block and certain pics :)
Who is the moron who keeps flagging me? Get a life!
Andy....Leo gets junked alot because he has acted like a 4 yr old seeking attention through negative behavior and has been taunting in his behavior towards others in the ZH community. Leo is also an illogical phuckhead who has made an ass of himself. His blog consists of massive cut and pastes with a couple of lines that he writes.
You blew it telling me I was "wrong" the other day Leo. It is impossible to predict the future yet you continue to insist that you can do it and that is the reason people junk you....you're a phucking moron Leo.
Judging by your moronic response, I'd say I got under your skin. Like taking candy from a baby...
you've confirmed my point Leo about attention seeking negative behavior.
If you seek to get under someone's skin, it stands to reason that you are seeking conflict versus resolution.
Look at the language you use. It is obvious you have serious issues. Go get some professional help. Done wasting my time with you. Read the comment below posted by someone else, it is bang on, you are a hypocrite. Every single day people on ZH are predicting the future. Spare me with your hypocrisy.
thinking the same thing.
Leo,
I never junk you but I understand DH's point. Not wanting to sound like Mad Hedge Fund Trader here, I had the opportunity to know a couple of people who are considered the greatest macro traders in the world today. Never did I hear them be so certain about a trade as you are about being long now. They know who the boss is---the market, and they know arrogance and certainty are the scourge of trading greatness.
Also, I traded on, and then headed a large WS desk. Every single trader I knew who exhibited your degree of certainty bombed out. It was a "tell" I used hiring when I headed the desk......Leo's kind of certainty---go to another firm.
well stated 215512....
as I said yesterday and referred to today in my above post, nobody can predict the future and those with such certainty are a dangerous, illogical type. Frankly, I could care less what Leo does with his money but he is actively and persistently advising people via Zero Hedge to buy securities, long only, and with utmost certainty. I have chosen to call him out for his stupidity and hope that others that read ZH and come across Leo's one sided ramblings have access to the counter position that the US equity markets are far from being predictable.
With that, I will choose now to disengage from any further discussion with Leo or about him. He is simply not worth the time of day predicated on his recent behavior.
'Nobody can predict the future and those that do so with such certainty are a dangerous, illogical type'
What the fuck deadhead?
Are you new to this website? What does tyler durden do EVERY DAY?
Your hypocrisy is blinding. Your anger and inability to have sensible discourse will be the downfall of the republic.
Who said I am certain about the future? I put my money where my mouth is and you can go on "trading for a living". That's the problem with traders, they can't see far enough and they don't get the whole macro picture. Liquidity rally is still strong. Like it or not, markets will grind higher in 2010. That's my call and I am accumulating solar shares every time they get whacked 30% or more. It doesn't mean you have to do what I do, but at least you know where my money is which is more than I can say for you finger in the air type of guys!
As for my blog, I have over 600 people from all around the world reading it every day, including the biggest pension funds, hedge funds and private equity funds. Not bad for a "cut and paste" guy. Must be doing something right to keep them coming back.
Jim Cramer has quite a few viewers too. Having said that I think we need different views and I dont have to agree with it to read it. I think you have made some logical points, but I am not so sure about the liquidity rally still being strong.
Doubt the people reading my blog care to watch Jim Cramer.
Depends on your timeframe. But if 1150 was the top and I'm inclined to think that it was, sell the rips. BTW, Daniela Pestova is top shelf.
Let's go for the breakout! :)
I'm up 4.2% today! :)
That's Stuyvesant Town in the photo, isn't it? Of Tischman-Speyer rent control fame? You wouldn't be trying to remind us of the inherent ridiculousness of junk rallying, would you?
Isn't everyone glad they didn't buy into Cramer's "google to 700" B.S.? Not that anybody here would trade Cramer's advice anyway.
That guy told everybody NOT to buy Friday, and now look what his "home gamers" missed out on.
Robo, you have my favorite column.
Leo, poor fella, if you say anything outside concensus here, some idiot will flag your posts as junk every time.
Especially if it's against gold, or sometimes if against Republican candidates.
You're a fine contributor and a nice guy too probably. I appreciate your work on pensions especially.
Best post I've seen all week--I love this site!! Can't get a handle on crude though; is it over-supplied and therefore should keep coming down or is there a squeeze on forcing prices up?
great question - i wish i knew the answer.
demand is falling from 85mb to ... 83(or so, maybe less). supply is falling from 85mb to ... 83??
its hard to say. my guess is that supply is falling slightly faster than demand. but looking at the global economy, i would think demand would start to outpace supply failure.
this is a bizarre market. all the second derivatives are negative. we're looking at decline curves - and none of the models make sense any more. it has become nearly impossible to value the refiners.
i'm guessing oil falls back down to 60 or so - at least in the short term. but some argue that the depletion curves are steeper than the producers care to admit - and there's evidence to support that claim.
if the oil majors made investments necessary to harvest heavy oil, then the price of oil could fall dramatically - as it would be determined by anyone owning a serious unconventional technology and having access to serious fields (Alberta, Venzuela). But capital is terrified of this space - they've been crushed before. so there's no long term capital investment.
one thing is fo shizzle - the conventional oilfields are in serious and terminal decline. there's a lot of hype about giant new fields below paris, and 'abiotic' oil beneath haiti, and other unicorn fairy tails - 99% is BS - and keeps capital away from unconventionals.
so, you're probably right about short term price declines. but watch out for government subsidy on the demand side. if the supply curve falls faster than the demand curve, you get serious price increases - which is maybe what the majors need to go after the tar sands in earnest.
Break out. M1 party is back on now that Bernanke is confirmed .
I followed cnbs google to 700 at 620. Truly stupid . Fell for the pump and dump.. If I ever get to meet cramer he won't forget it...
The temporary counter trend rally continues and the daily trend remains down.
http://www.zerohedge.com/forum/market-outlook-0
that midget is skidding on his FACE!!!!!
CTB-- I can't believe no-one else made a big deal about that one... hilarious!!
Thank god the rally is back and the Roboinator will finally bury all those antique (hand) bags, sorry Kathy Lee Gifford, you may have been a beauty queen when you were sweet sixteen, but now you can't even make cougar status.
I tried to do a little scratch and sniff with the bombshells, but all I ended up with was a big grease mark where my nose banged into the computer screen.
Too funny, check out the fella in the background:
lol that was awsome. Must of been reading one of robos write ups.
one has been yanked, this one still works as of the time of my post
http://www.youtube.com/watch?v=v1m8a4Jl4ZI