there is a good chance oil trades lower from here. Oil inventory numbers very deceiving. Oil imports are waaay down and refinery utilization a measely 80%. this is verrry bearish. not sure if it will matter today...but is will matter soon. Long DTO with a tight stop
yes, i see that it pulled back to where it broke out from an eight month downtrend. definitely one indicator to look at, but I do not trust it 100%. we could easily see 1070 on SnP. but that is only 10 points from todays high and we may see it on a head fake spike after Fed numbers. I will short on a spike (if market rallies on news) and cover on a sell off (if market sells off initially on news).
Don't forget CSCO reports AH. My observation is CSCO and INTC take the NASDAQ with them, while AAPL and MSFT do not affect the market as much. May be it has to do with sector weights.
LOWER. I would not mind a retest to 1070 or so, but then I want to seek market get slaughtered. did you see AEM today. Gold at all time highs and it looks like chit.
hmm? think I will hold off on that GG purchase. UUP 23 by Nov 9 would be a pretty big move and would smack the market (& oil). sweet. nice find. is it a hedge or a bet?
Why is anyone surprised by what the jackasses at the FED had to say. of course they are gonna print money into eternity and keep interest rates at near zero and "say" there is not inflation. Guess I am the only one who knew what to expect. I would be selling this news, but the powers that be are caught off guard and are celebrating (again) the fact that we have low interest rates. too damn funny
Dollar may rally from here. news is out, no reason to sell it now. also, matt pointed out huge call volume on Nov 9 UUP at 23. lets see how dollar closes today. I am looking for a small rally in $
Keeping rates low and reaffirming that statement mean only one thing...Our economy sucks and will continue to suck so we are gonna print so much damn money that all the bad commercial loans on bank's books will eventually be in the black b/c the U.S. dollar will be worth pennies. so, a half million dollar loan today will only be a 50 thousand dollar loan (in reality) in five years. brilliant. except that food & fuel will cost a fortune and the common man will be flat broke on a real dollar basis. Our gov't sucks
quote from bob PISSoni, "we faded a little bit in last half hour". Are you F'n kidding me. what a total ass that guys is. That was a mini crash. I love it.
there is a good chance oil trades lower from here. Oil inventory numbers very deceiving. Oil imports are waaay down and refinery utilization a measely 80%. this is verrry bearish. not sure if it will matter today...but is will matter soon. Long DTO with a tight stop
ReplyDeleteI'm short BIG.
ReplyDeleteI've got 106.5 top and 104.5 bottom intraday.
It's fed day, have fun.
matt, i've got a small amount of SPXU and SRS and a pretty good sized position in DTO. Fed days are crazy and I tend to lighten up into the number
ReplyDeletedo you chart the Vix?
ReplyDeleteI had 26ish bottom and back to 35ish, maybe higher.
yes, i see that it pulled back to where it broke out from an eight month downtrend. definitely one indicator to look at, but I do not trust it 100%. we could easily see 1070 on SnP. but that is only 10 points from todays high and we may see it on a head fake spike after Fed numbers. I will short on a spike (if market rallies on news) and cover on a sell off (if market sells off initially on news).
ReplyDeleteGo Phillies tonight.
ReplyDeleteI am on the sideline right now until the FED speaks. I don't like any news at all.
ReplyDeleteGo Phillies!!! My Mom is from Philly and went to PSU (as I see you did as well)
ReplyDeleteDon't forget CSCO reports AH. My observation is CSCO and INTC take the NASDAQ with them, while AAPL and MSFT do not affect the market as much. May be it has to do with sector weights.
ReplyDeleteDo you guys want the market to go higher or lower from here?
ReplyDeleteThe market is calm before the big storm.
ReplyDeleteI don't care, just want to know where it's going.
ReplyDeleteLOWER. I would not mind a retest to 1070 or so, but then I want to seek market get slaughtered. did you see AEM today. Gold at all time highs and it looks like chit.
ReplyDeletei just lightened up quite a bit on my shorts. gonna take what they give me and probably go into number flat.
ReplyDeleteIs GG a buy here????
ReplyDeleteCheck this out guys.....
ReplyDeletehttp://finance.yahoo.com/q?s=UUPKW.X
WTF?
hmm? think I will hold off on that GG purchase. UUP 23 by Nov 9 would be a pretty big move and would smack the market (& oil). sweet. nice find. is it a hedge or a bet?
ReplyDeleteNow here comes the wild swings back and forth.
ReplyDeleteyeah, option spreads just widened
ReplyDeleteSPY volume running at -17%. Volume probably crash this after the decision.
ReplyDeletethis is going to CRRRRRASH....
ReplyDelete106.23 and 106.16 are on the same line from the bottoms of 10/16 and 10/22
volume comes in and stop losses trigger
ReplyDeletewith interest rates climbing on news, i gotta throw out a few shorts to test the waters
ReplyDeleteStill it is only -5% volume on SPY. A lot more to go.
ReplyDeleteHuge volume on UUP today.
ReplyDeleteLots of shake and bake. Who will prevail today?
ReplyDeleteI have not a clue. this is ridiculous. the NYSE, the largest casino in the world. what a f'n joke.
ReplyDeleteWhy is anyone surprised by what the jackasses at the FED had to say. of course they are gonna print money into eternity and keep interest rates at near zero and "say" there is not inflation. Guess I am the only one who knew what to expect. I would be selling this news, but the powers that be are caught off guard and are celebrating (again) the fact that we have low interest rates. too damn funny
ReplyDeleteDollar may rally from here. news is out, no reason to sell it now. also, matt pointed out huge call volume on Nov 9 UUP at 23. lets see how dollar closes today. I am looking for a small rally in $
ReplyDeleteI don't think we're going higher than 106.01, taking too long.
ReplyDeleteI don't know.....low rates for an "extended period of time"
http://market-ticker.org/archives/1579-FOMC-In-English.html
After one hour since Fed spoke, the market is back where it was before.
ReplyDeleteKeeping rates low and reaffirming that statement mean only one thing...Our economy sucks and will continue to suck so we are gonna print so much damn money that all the bad commercial loans on bank's books will eventually be in the black b/c the U.S. dollar will be worth pennies. so, a half million dollar loan today will only be a 50 thousand dollar loan (in reality) in five years. brilliant. except that food & fuel will cost a fortune and the common man will be flat broke on a real dollar basis. Our gov't sucks
ReplyDeleteshould break in 10 mins
ReplyDeleteNot a very good showing for getting what they asked for. F'em
ReplyDeleteWould be a f ing riot if we close flat.
ReplyDeletei got 104.9 as a possible low.
ReplyDeleteThe market was trying to close the morning gap. It was very close to it.
ReplyDeleteNow SPY had closed the morning gap. The QQQQ missed by 2 cents.
ReplyDeletego long for tomorrow morning?
ReplyDeleteeckerks
this looks like a short term bottom on the dollar. huge volume on UUP with a close on 20mda
ReplyDeletequote from bob PISSoni, "we faded a little bit in last half hour". Are you F'n kidding me. what a total ass that guys is. That was a mini crash. I love it.
ReplyDeleteSRS ripped 5% in last half hour. chit, I unloaded before fed announcement
ReplyDelete