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When The Math PhDs Are In Charge
US stocks are open - Panic Buy. PMI missed! - Buy moar on bad data. New Home Sales miss - even better - buy moar as bad news is good news. Yesterday's highs hit... Stop-run complete... unleash the selling...
It appears Stocks and Oil are once again joined at the hip... until they're not...
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I think we have reached a permanently high plateau in stock prices.
We all know what happened next...
How The Hard Science PhDs Have Wrecked The World
I get the impression that from an over the top position, the markets get manipulate where bad news that would normally trigger selling is used to trigger a short covering to punish those not of the faithful.
I think everyone here, Tylers included, are drawing a lot of crazy conclusions from the noise of daily action...
I get it, doom porn feeds this fish rag, but even the crowd here knows better than to pay attention to daily action... it simply doesn't matter...
yep, this is just the market. you can find a purely technical expectation for this in Al Brooks daily market comments today --
https://brookstradingcourse.com/intraday-market-update/emini-futures-upd...
(likely accessible to non-members by this evening)
roger that, news and economic conditions haven't mattered for 6.5 years, this is about democrats and wealth transfer (verse creation) we're in a gov't/media propaganda, fed subsidized, super cycle
The things the markets are doing are well beyond the signal to noise ratio......
I see a phoenix capital article on top of the page which could only mean one thing...new highs...the market will drop only when he writes a bullish aticle....c'mon phoenix get on it
the wedges highlighted yesterday should be the focus. as they continue to tighten. lower highs, higher lows.....until this pig breaks in a big way. DOWN.
"Market", LMFAO!!! That joke just never gets old...
How dare you demean the sanctity of that holy shrine Wall St. Now go to your room and say 20 'hail Bernenke's".....
Great observation by Tyler, now the big Q in traders' minds is: will SPY and QQQs, which have the best technicals, regroup and head higher, dragging others along like yesterday, or is this a day when all indices falter and end at the next lower DMA?
FYI, spy will be exactly what the Fed wants it to be. Technicals? LOL
Yep, when SPY bounced to the penny from converged DMAs yesterday, it was Yellen in the Eccles Bldg, and not java programmers in Chicago.
(To be clear, traders here don't care whether it's the Fed or some Jolt-Cola swigging guy in CHI, but it's all machines, and I can promise you the battle at this moment is between algos wanting to push SPY and QQQs to their Keltner tops, and those wanting to tag the DMAs below again, and the shape of the end-of-day candle will tell you how the battle ended, infinite possibilities at this stage)
Let's be clear. It's not what's inside the market's mind, it's what's inside the fed's mind that matters. And the BernankenYellenstein monster says BTFD.
yesterday i bought FB because i knew no matter what happens the earnings will be spun as positive....on my ride home some ANALyst w as on for 40 minutes going over the spin i mean great numbers on FB despite the bullshit.
Today i buy amazon because no matter what it will go up tomorrow
Lol trading on "news" is hilarious. Forget about balance sheets, revenues, capital investment, profits...just trade on some bullshit statistical data that someone writes on a piece of paper. It's comical.
I have a thesis, it's that "news is irrelevant". The FED and the boyz have set up a market to (A) burn any remaining bears to a crisp and (B) slowly drag in muppets and sell to them.
Coitus interuptus.
Traders can't figure out what to buy or sell, because the global macro was such a giant shit sandwich over the last 24 hours.
Can only be non-directional in this schizophrenic casino.
Traders? Silly boy, humans are rarely involved in this sham. Sit back and watch the show. This is bot wars with the winners getting inside info miliseconds ahead of the losers.
buy eur now
I somehow think it's about luring more and more people to buy before the crash, it's not only about running stops.
Gold gets hammered yesterday on good existing home sales - but little in the way of recovery with the trio of bad economic data today. Gold suppression business as usual...
Stop whining and buy.
everything is on algorithm controlled autopilot... seems like the only news that will trigger SELL SELL SELL is Iran nuking TelAviv but then the BTFD algos willl buy everything back right before being vaporized by another nuke...
seems like the only logical investment anyone should make is in drugs guns and ammunition regardless of local regulations...
I am old. So I can remember the days when math PhDs worked problems like containing hot particles. Not wasting time building "filters" for the non-radioactive ones and zeros that are dumped from momma bear's printing press every day. That job is for tax LLMs.
It's just fun watching UVXY and volatility evaporate into nothing...
....up and vanished like a fart in the wind!!
When the PhD's are in charge? What kind of commie pinko Cultureal Revolution bullshit is that?
Just keep clicking, Tyler. You'll get there one day...
Traders have basically disappeared from the daily markets. I trade almost every day, my wife every morning, and it is ghost town out there in futures markets. Occasional spurts of activity, much of it due only to HFT's, which we try to avoid trading around. Still making money most every day, but it is slow going, and fills on entry or exit not what it usually is...
You trade your wife every morning?
How do you get her to go along with it?
we suck again!
speak for yourself, dude!
I think draghi will speak tomorrow?
PhD's and assorted other de-greed edumacated types in charge.
What could go wrong!
I think I got it figured out:
Agree, there is no Market. Only central planning (steering & intervention). Technicals don't matter.
There's an ongoing transition to Feudalism. Deep State in charge.
When Prime Dealers and their neo feudal owners get to create money out of thin air and write unfunded checks (Money for nothing, and Checks for Free), then...
Bonds are for schmucks, and you want to buy up Equities. Remember, if you can conjure any amount of money you need, why do you care about the 'market price'? That's for everyone else.
All you care about, is the relentless transfer of Real wealth (real assets, i.e. Primary and Secondary wealth), from the weak to the strong (from the poor to the rich), until you have a new feudal system -- where Technology and Energy replaces the brains and muscles of unskilled and semi-skilled workers.
And the religion-based worldviews of the masses is a Weapon of Mass Deception that keeps them from revolting. The Poison Pill that is the "Sermon on the Mount" has worked real nice, ever since Emperor Constantine has had it included/put in the NW in 325 AD, at the Council of Nicaea. It has turned poverty, suffering and abuse into 'Virtues'.
Whoever (Diderot, I think) said that "The world will not be free until the last king/nobleman is hung by the entrails of the last priest*", was right. These multi-generational parasites have an innate sense of exceptional entitlement ('divine right' they call it), that justifies their ambition to rule over others. This audacity is so severe and ab-normal for the common man, that their Normalcy Bias recoils at this prospect, and denial (and ridicule or aggression) is a common reaction.
* Or comparable clergyman of any absolutist and extremist faith.
excellent captian K