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Risk-ES Spread Closes

Tyler Durden's picture




 

While hypnotized lemmings are watching the green, red and blue squiggly lines, and Bernanke's lies enter one ear and exit from the other, those who put on the risk-ES spread convergence trade on earlier just paid for drinks. Spread has closed and we eagerly await the next free money opportunity from B to the Sack.

Courtesy of capital context

 

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Wed, 06/22/2011 - 14:57 | 1392691 RobotTrader
RobotTrader's picture

SPY is right under the 21-day EMA.

http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=0&mn=9&dy=0&id=p89856153409

Bears should slam the door shut right now on the bulls.

Can they do it??

Wed, 06/22/2011 - 14:59 | 1392708 Boilermaker
Boilermaker's picture

You realize that I'm the site asshole and you're the site 'irrelevant fuckwad'...right?

Wed, 06/22/2011 - 15:03 | 1392720 Jeff Lebowski
Jeff Lebowski's picture

At least Leo was consistent with his sentiments...  I await your bullish charts should the market go green.

Wed, 06/22/2011 - 15:12 | 1392757 Village Smithy
Village Smithy's picture

There haven't been any bulls in the market for days if not weeks. All support is due to the PPT courtesy of the remaining American middleclass tax payers.

Wed, 06/22/2011 - 15:17 | 1392779 Let them all fail
Let them all fail's picture

I realize that people are annoyed with this trading robot, however, the constant badgering is becoming much more annoying than the robot itself, so chill out already and use your energy to complain about something else

Wed, 06/22/2011 - 15:32 | 1392819 golfrattt
golfrattt's picture

WE've now failed 4 times to break back up thru the 150dma...

Big ole sore on top of its head..

Wed, 06/22/2011 - 14:55 | 1392702 Boilermaker
Boilermaker's picture

REITs still up BITCH!  That shit never...and I mean NEVER goes down.  FUCKING NEVER!

Wed, 06/22/2011 - 22:37 | 1393712 ceilidh_trail
ceilidh_trail's picture

2008?

Wed, 06/22/2011 - 14:55 | 1392705 HelluvaEngineer
HelluvaEngineer's picture

Looks like the market is about to pull its spoiled brat routine.  Wailing will continue until it gets QE.

Wed, 06/22/2011 - 14:56 | 1392712 Eireann go Brach
Eireann go Brach's picture

B B to the Ball Sack!

Wed, 06/22/2011 - 14:56 | 1392713 earlthepearl
earlthepearl's picture

Think 1290 is going to be tested soon, hope we break through to the down side

Wed, 06/22/2011 - 14:59 | 1392721 RobotTrader
RobotTrader's picture

No QE3 until the SPY is down by more than 15%.

Bernanke is content to let the market crash and watch people panic into dollars and Treasuries so he can continue floating gargantuan deficits by rolling over and floating new zero cost T-Bills into Infinity.

Any wonder why commodities are being sold today?

Wed, 06/22/2011 - 15:04 | 1392739 HelluvaEngineer
HelluvaEngineer's picture

You mean like banks?

Wed, 06/22/2011 - 15:23 | 1392800 I am a Man I am...
I am a Man I am Forty's picture

that's my take

Wed, 06/22/2011 - 15:00 | 1392724 Dick Darlington
Dick Darlington's picture

And here we go again...

06-22 14:57: Fed's Bernanke says Fed could do more security purchases
Wed, 06/22/2011 - 15:05 | 1392744 chartcruzer
chartcruzer's picture

what is the source for this?

Wed, 06/22/2011 - 15:05 | 1392729 mynhair
mynhair's picture

Final bear trap, don't short.

Wed, 06/22/2011 - 15:06 | 1392732 earlthepearl
earlthepearl's picture

hope your wrong

Wed, 06/22/2011 - 15:08 | 1392751 etrader
etrader's picture

Spead close now allows for the squeeze up to that key 1298 area on the ES.

Wed, 06/22/2011 - 15:08 | 1392758 Boilermaker
Boilermaker's picture

As long as they are willing to ass fuck middle class America and slaughter the dollar...they can jack the market to $100,000 on the DOW.

They'll do it.  Believe it.

Wed, 06/22/2011 - 15:34 | 1392832 mynhair
mynhair's picture

Me too.  So sick of this.

Wed, 06/22/2011 - 15:04 | 1392740 chartcruzer
chartcruzer's picture

as requested (for those with no BB terminal) here (as promised) is the intraday chart on the relative postion of risk assets to the SPx (SPX is a fairly close to the ES)

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s237514690]&disp=P

 

Wed, 06/22/2011 - 15:09 | 1392745 Boilermaker
Boilermaker's picture

This is fucking SURREAL.

How in the fuck can the market hold after this massive pamper packing news conference?

REITs immediately take off.....strip mall value going straight ass Saturn V lift off.  OH well, I guess it's the last fucking lie of lies.  Gotta defraud that or else they can't extend this shitfest for the next year.

 

Wed, 06/22/2011 - 15:16 | 1392770 plocequ1
plocequ1's picture

Its the compression or something like that. Im sure there is a logical reason. Or maybe not.

Wed, 06/22/2011 - 15:14 | 1392784 scatterbrains
scatterbrains's picture

I just bought a half position in DRV today fuk deez snitchazz

Wed, 06/22/2011 - 15:07 | 1392749 RockyRacoon
RockyRacoon's picture

Whatever.  Up Down Up Down...

Yawn...

Hand me a few of those quarter rollers please.   This pile of pre-64 quarters is getting unruly.

Wed, 06/22/2011 - 15:14 | 1392771 HITMAN56
HITMAN56's picture

Great chart TD...ZH has vision when the rest of the world wears bifocals

Wed, 06/22/2011 - 15:13 | 1392777 kengland
kengland's picture

TD,

I thought your only position was physical? You rail against anyone who participates in this ponzi. Shocking!

Wed, 06/22/2011 - 15:35 | 1392837 Tyler Durden
Tyler Durden's picture

Shocking? We have disclosed clear market arbitrage opportunities since day one. That said, nobody ever puts a gun to your or anyone's head when making a trade, buying a house, etc.

Wed, 06/22/2011 - 21:03 | 1393606 Rick64
Rick64's picture

Yes, and your doing a great job. Keep it up and thanks.

Wed, 06/22/2011 - 15:28 | 1392812 RobotTrader
RobotTrader's picture

Wow, REITs still floating at $2 under the recent 3-year highs.

I guess shopping centers and office buildings are a true store of value for institutional investors, no matter how dire the vacancy factor is.

There are always guys like Donald Trump who will buy these assets in 3 years time, and pay outlandish premiums.

So I guess it pays to sit tight and wait.

As for gold mining companies, well, that's another story.....

LOL...

Wed, 06/22/2011 - 15:35 | 1392838 HelluvaEngineer
HelluvaEngineer's picture

GDXJ is up 2.5 percent today.  Up big yesterday too.

Wed, 06/22/2011 - 23:26 | 1393770 blunderdog
blunderdog's picture

That fascination with the mining stocks of yours interests me, Robo--is it personal animosity towards Eric King or something?  Did he beat you up in grade school?

If a week ever comes when something like UXG triples in price, it'd be good fun seeing your posts of the charts a few days later.  Or LOL'ing at a year's underperformance from AAPL...?  (I forget what he's been shilling for the past week...)

Obviously the mining stocks have sucked hard for quite awhile.  Perhaps there's a good explanation.  Doesn't seem you know it, though.

Wed, 06/22/2011 - 15:33 | 1392828 AbandonShip
AbandonShip's picture

aaaand it's gone.  Damn I wish I could day-trade at my job. 

BTW, how exactly do you buy that "risk-basket"?

Wed, 06/22/2011 - 15:45 | 1392869 Cdad
Cdad's picture

And here he comes on the BlowHorn....Jan Hatzius!  My favorite General of the GS diffusion squad.

Come on Jan...let's see you beg for more easy money.

**Damn good thing the economy is just "a little softer."  That almost feels nice.  Better than the actual fucking raging Greater American Depression.  Thanks, Jan, for easing my pain.**

Wed, 06/22/2011 - 16:31 | 1393033 dcb
dcb's picture

I use speed lines to plot, and no idea if related, but I noticed that for a buy opportunity the open didn't go as low as it should, (the middle speed line. was wondering about it all day, made one bad trade, which may have lead to a second, but such is life. At the end of the day we had touched the bottom speed line, which is my buy point and I bought some long right before the close. noticed this in multiple indexes. Now have seen this twice.(that I recall).

for bigger trades I use longer term speed lines, weekly, daily, dor day trading use hourly. clearly there can be multiple speed lines in the chart.

 

I can't find my post where I noticed this and made a comment that it didn't go down at the open as much as it should have.

 

also my bad, I think you can sometimes look at blloomberg to see where the futures go.

Wed, 06/22/2011 - 16:39 | 1393086 dcb
dcb's picture

how one one trade this

Wed, 06/22/2011 - 17:01 | 1393165 omi
omi's picture

What's in the basket?

Wed, 06/22/2011 - 19:58 | 1393504 ZeroPower
ZeroPower's picture

Check other risk-es thread from today, discussed.

Wed, 06/22/2011 - 19:30 | 1393436 shockadelika
shockadelika's picture

It puts the lotion in the basket.

Wed, 06/22/2011 - 22:39 | 1393714 longorshort
longorshort's picture

Can anyone explain what contracts you would have used if you were in this trade.  I would like to understand the mechanics of it.  Thanks.

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