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Intraday Market Observations (For The Three Computers Who Are Actually Trading)
After a very weak start to the day, the dollar has regained all of its losses. Bonds are trading appropriately. However, don't tell that to the few computers who are pushing stocks to each other today: stocks are still at the days high supported literally by no volume.
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they are mentally raping me every single day ... oh! If I could give back to GS
Looks like they're knitting a pillow to cushion the blow that's about to come.
In related news, dark pool traders' romantic hideaway/office space revealed:
http://news.yahoo.com/s/livescience/20090928/sc_livescience/850mostlyblindpalecreaturesdiscoveredunderground
that's kinda funny...
look at UUP vs SPY!!! very odd - daily beta is about 9x but UUP is up large and so are stocks...hahahahaha - credit is relatively strong also - HY roll tomorrow holding it up and IG cracking a little here as dollar storms higher
So I take it this means if anyone decides to short the market in force, we have an FOMC day-type plunge. Unfortunately I don't see that happening.
Don't want to be glib, but it is a big holiday in some parts.
What is the problem amigos? I think some of you were sorry they couldn't short in the 1050-70 zone Thursday and Friday, so now you can scaling back in. Just remember to keep it light and to partially offload on weakness, because this tape has learnt us for the pas 6 months that if you short it should be done lightly and preferably with some sort of cover (mine is callspreads).
There is big discrepancy on EUR/USD now, we are at 50% fibo 1040-1080 and the mofo's have to do all the buying. I am not saying that short is the profitable way in the coming 24 hours, all I am saying is that the setup is skewed favourably. They (that is the enemy, GS and friends) have to keep buying, that is their problem, don't make it yours.
the short set up might be skewed favorably. i felt the same way at 920. my excursions into shortland have been getting shorter and shorter in duration. yet the distaste of going long makes me want to spit even as i watch it go higher. who knows anymore what the criminal class will pull.
I know and I feel the same. What they are trying to pull off is insame and sick. However, it has to stop somewhere, volume will drop to 0 if this continues. I am based in Europe so I have to look at indicators you probably aren't watching, such as EUR/USD and European futs. I can not give a guarantee of course, it can continue to 1120 or 1200 or 5000, but according to my indicators 1057 was a good moment to scale back in at the short side, with additional shorts at 1064 and 1070-76. I started shorting at 1037 couple of weeks ago, right up to 1073, trading of course, and I offloaded the remaining position at 1037,50 this morning, however perfectly timed it sounds now with hiindsight, since I was completely off a couple of days (motorbiking in Spain, fantastic by the way, but that's another story). I am partially hedged, since I do not want to get drilled a second asshole, excuse my French. The callspread allows me to try and ride this zone a couple of times (hopefully), and the last time I won't be able to get back in because it will drop away from me through the airpocket 1035-1022-977. It works for me, because I am willing to eat losses.
They forgot to turn down the volume regulator on Skynet in the face of the holiday. It was supposed to be set for "maintain". Too late now - rally day on no news and super low volume (basically standard operating procedure anyway).
+1
Is this the pump computers version of playing with themselves, also known as masturbation?
Can I even say that on Zero Hedge? :>)
http://hussmanfunds.com/wmc/wmc090928.htm
"We're Speaking Japanese without knowing it" - Hussman
Looks like a circle jerk to me.
i'm loving it. i mean when do you see a stock where the OBV is negative, and its rising?
take a look, PMCS
does this get any crazier?
Unusual love for the Nasdaq today.
In the NDX today:
Trading Charts
stop worrying about the way things should be and accept the way they are. remember the trend is your friend! stay in school! don't get shitcanned from your investment banking job! turn back time and be smart enough to be a computer programmer! score perfectly on the math part of the SAT! work on the buy side instead of the sell side!
you see once you start complaining about how a handful of stocks are moving it really can go on forever. you just show that you are a rube.
Buy, buy, buy...bitchez!
Today I bought FAS with my last unemployment check.
Benefits about to run out, but there's talk of another 13 week extention...whoohoo.
Dow 12,000!!!
A 13 week additional extension has already been approved. Just depends if you are in one of the states that will get it. I am not, as Oklahoma's unemployment rate is below 7%.
Where you at?
If my state doesn't qualify for the extentions then I will put the wheels back on my home and relocated to a state that does
LOL
Robots rule the world! How about some robot porn???
How do you insert pictures?
Caution: Inserting pictures into your robot is a fire hazard.
LOL, that was awsome, but for those that don't know, pics can only be inserted if you are one of the revered content contributors. Links still work, though.
Standard 61.8% retrace of last weeks move. All those shorts put on last week squeezed out, before the next leg down.
I was about to say just that. First look at a Dow chart shows the one of the lowest volume days of the entire rally since March.
I was wondering if this is the inverse equivalent of a light volume, large candle selloff day after three up days...it very could be. Nice to know someone else sees this.
Now let's watch it go up 80 tomorrow!
Don't fight the Fed
What machines did the heavy lifting in 1975? I guess the incredible short squeeze of 1998/99 was also performed by GS server farms? Many of you likely wouldn't know you were still in kindergarden.
Rhetorical question: Is anyone here trading for a living?
Rhetorical answer: No, everyone here trades for a killing.
Yom Kipur joke for all the Jewish not at work today.
You: hi
Stranger: hi
You: name?
Stranger: chun wu at your service
You: alexander goldberg
Stranger:sup
You: u kno i never forgave u koreans for attacking pearl harbor
Stranger: uhh im chinese.... and that was the japanese who attacked it
You: chinese, japanese, korean... whats the difference
Stranger: .....
Stranger: u serious?
You: yeah
Stranger: .......
Stranger: u kno i never forgave u jews for sinking that titanic
You: that was an iceberg.
Stranger: goldberg, greenberg, iceberg, whats the difference.
Im new here. How could this implode on the manipulators?
How could this end for the gamers?
How?
Supply/demand as always. Supply of dollars from Fed to Banks has pumped up the indexes and specific stocks. Some securities are higher in price today than before the downturn! Those dollars mopped up the supply of shares which in turn drove up the price.
To implode or end the game, a greater supply of shares must be made available. If the 'gamers' are fully leveraged and it is more difficult to obtain cash from the Fed window as a result, then they will have to unwind under at least 2 conditions - a sudden influx of supply of shares (which is when the fund and moms and pops decide to get out, take profits, raise cash, fear the near term, or what have you etc etc), or even a minor tick but significant enough to force the banks to deleverage (an IB's margin call if you will).
This causes a cascade effect, similar to the one we had. The problem I am having with all this is that we are not so far away from DOW 6500 to make DOW 9200 seem like a good value. This is why so many presume the run up is "fake", e.g. done by and for political reasons and not based on realistic future expectations of profitability. Why are people not taking profits? Inflation fears? What is inflating? Not housing prices, not car prices, not consumer goods prices... Me, I think cash is still pretty valuable right now. I'd rather be in cash than, say, AMZN or even AAPL. And if I was in RIMM 2 weeks ago (I was not) then you can see why.