tag:blogger.com,1999:blog-6969366797834293153.post869050293229843228..comments2023-10-28T01:56:57.243-07:00Comments on Trading Topics: 11/21/14 Night MovesMarkWhttp://www.blogger.com/profile/10115276845896649502noreply@blogger.comBlogger46125tag:blogger.com,1999:blog-6969366797834293153.post-2251716533271724772014-11-22T09:57:00.717-08:002014-11-22T09:57:00.717-08:00Who will build the pipeline (general contractors)?...Who will build the pipeline (general contractors)?<br />FLR - There's a gap down from ~$77<br />PWR - Moving up slowly as wellChickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-48676907124830662582014-11-22T09:44:17.640-08:002014-11-22T09:44:17.640-08:00new postnew post2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-64747443896104607142014-11-21T20:31:49.170-08:002014-11-21T20:31:49.170-08:00Dollar might stall here at resistance of 10yr chan...Dollar might stall here at resistance of 10yr channel, Euro might actually rally on euro stimulus (as capital rushes into Europe)? Gold could rally a bit but why play that angle against the $US when commodities should be in demand?<br /><br />There's no real reason to suspect Armageddon but commodities demand should have a tailwind?Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-82486661466118473202014-11-21T20:23:03.155-08:002014-11-21T20:23:03.155-08:00Thx, been seeing signs of exhaustion.Thx, been seeing signs of exhaustion.Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-2025196680947317412014-11-21T20:20:34.559-08:002014-11-21T20:20:34.559-08:00Iran - Hmm, lifting sanctions on Iran will allow t...Iran - Hmm, lifting sanctions on Iran will allow them to ship oil legally....Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-64347777508831499892014-11-21T15:26:21.830-08:002014-11-21T15:26:21.830-08:00RYGBX closed up +0.88%, much better than expected!...RYGBX closed up +0.88%, much better than expected!<br /><br />Of all the positions I closed yesterday, the only one that inspires regret is RYWVX. Even with just 12.5% of the portfolio invested, today's +7.69%! gain would have added another percentage point to YTD performance.<br /><br />Things could be worse. Despite the global rally, ATACX closed up just +0.16% (a beat higher than my gains today). HSGFX (Hussman Strategic Growth Fund)? Down -0.22% and a penny above it's all-time low.<br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br />2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-77994538844578202962014-11-21T12:46:02.599-08:002014-11-21T12:46:02.599-08:00Maramba woke up Brasil.
https://www.youtube.com/w...Maramba woke up Brasil.<br /><br />https://www.youtube.com/watch?v=F0_4iOK1XbkTelestar3dhttps://www.blogger.com/profile/12360818063542717928noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-12060967400111619322014-11-21T12:40:35.584-08:002014-11-21T12:40:35.584-08:00PCRX, re-bought 88.78, another one that's hard...PCRX, re-bought 88.78, another one that's hard to buy on B/A spread. Telestar3dhttps://www.blogger.com/profile/12360818063542717928noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-57255389696710719442014-11-21T12:28:36.195-08:002014-11-21T12:28:36.195-08:00FCAU- Is this pig halted or something? My eyes are...FCAU- Is this pig halted or something? My eyes are bleeding.MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-84903155710711478172014-11-21T12:18:29.967-08:002014-11-21T12:18:29.967-08:00Some comments from a Market Profile trader ...
htt...Some comments from a Market Profile trader ...<br />https://twitter.com/verniman<br /><br />$ES_F Today's high has requirements for temporary top: All time high made at RTH and excess (single prints-big tail) <br />http://stks.co/i1KnZ Kylehttps://www.blogger.com/profile/06895647168287895884noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-10737165284496177132014-11-21T12:16:05.624-08:002014-11-21T12:16:05.624-08:00Don't let facts get in the way of a good goldb...Don't let facts get in the way of a good goldbug conspiracy theory BB Canadahttps://www.blogger.com/profile/04765452269851135232noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-36115858820229329092014-11-21T12:12:11.957-08:002014-11-21T12:12:11.957-08:00Reopened EEV @ 17.67 (sized down, of course).
Clos...Reopened EEV @ 17.67 (sized down, of course).<br />Closing RYGBX (Rydex 1.2x Government Long Bond) end of day.<br /><br />I could open RYWYX (Rydex 2x Inverse Emerging Markets) as well, but the twice daily trading window is too restrictive for a position that could move against me at any time.2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-32438368657434302782014-11-21T11:32:06.188-08:002014-11-21T11:32:06.188-08:00TOF- What's up with the ZOO?TOF- What's up with the ZOO?MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-92058050736166146862014-11-21T11:22:05.671-08:002014-11-21T11:22:05.671-08:00The problem is that gold is priced in dollars, and...The problem is that gold is priced in dollars, and (a) the US has effectively ended QE + (b) it's the $USD that is lifting today against the Euro.2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-43613961727311141352014-11-21T11:03:18.844-08:002014-11-21T11:03:18.844-08:00Could be gold and other hard assets are higher eve...Could be gold and other hard assets are higher even with the higher dollar due to more money printing around the world.<br /><br />I know my gold bug friends think that all this printing end is the destruction of all currencies and gold being the ultimate winner.BB Canadahttps://www.blogger.com/profile/04765452269851135232noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-70878783195068454442014-11-21T10:40:05.660-08:002014-11-21T10:40:05.660-08:00From a common sense perspective, what's really...From a common sense perspective, what's really going on today?<br /> <br />(a) China and Europe have effectively signaled further stimulus. <br />(b) This has resulted in a stronger dollar.<br />(c) A stronger dollar SHOULD result in lower prices for commodities (including crude) and precious metals.<br />(d) A stronger dollar is usually positive for US bonds as well.<br />(e) A stronger dollar usually supports foreign export markets, a positive for export economies in the Emerging Markets.<br />(f) On the other hand, Emerging Market economies often export commodities as well. Those commodities are under pressure.<br /> <br />I understand the bid under Emerging Markets today, and the bid under US bonds. Apart from short-covering, it's more difficult to 'buy' the bid under commodities, precious metals, and US stocks.2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-85950858591712313942014-11-21T10:26:48.694-08:002014-11-21T10:26:48.694-08:00(a) GDX/SLW/Goldcorp off @ 19.82/21.42/20.54 for m...(a) GDX/SLW/Goldcorp off @ 19.82/21.42/20.54 for minimal gains,<br />(b) EEV off @ 18.01 (+1%).<br />(c) TLT now bidding +0.45%. Still looks like 'the real deal' to me, although I now plan to close RYGBX (Rydex 1.2x Government Long Bond) end of day.<br />(d) DJIA +63, SPX +6> both giving up >half of earlier gains.2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-19909529073803944762014-11-21T10:23:33.680-08:002014-11-21T10:23:33.680-08:00TZOO anyone?TZOO anyone?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-56913569919896475812014-11-21T10:13:00.904-08:002014-11-21T10:13:00.904-08:00OIBR - Don't look now....OIBR - Don't look now....Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-8837603371247368002014-11-21T09:54:56.650-08:002014-11-21T09:54:56.650-08:00Thank you government, for allowing us to pay you t...Thank you government, for allowing us to pay you to keep from tearing our families apart.Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-3022135508680251602014-11-21T09:04:46.530-08:002014-11-21T09:04:46.530-08:00GDX/SLW/Goldcorp @ 19.7x/21.2x/20.5x...GDX/SLW/Goldcorp @ 19.7x/21.2x/20.5x...2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-70233215910369589372014-11-21T09:04:27.899-08:002014-11-21T09:04:27.899-08:00Sold out MDW for small loss, stock just trades to ...Sold out MDW for small loss, stock just trades to thin and I was tired of seeing it up/down 12-14% every few hours/days.<br /><br />Plus I think tax loss selling is still to come. Production should start 1Q 15Telestar3dhttps://www.blogger.com/profile/12360818063542717928noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-79993657116011910272014-11-21T08:57:19.659-08:002014-11-21T08:57:19.659-08:00(a) XLE now just +0.5%, OIH (Oil services +1.3% ve...(a) XLE now just +0.5%, OIH (Oil services +1.3% versus earlier highs of +%).<br />(b) USO (Crude) now FLAT!<br />(c) TLT +0.33%.<br />(d) Miners RED!<br />(e) EEV now 18.<br /><br />Preparing to take an intraday position in miners...<br /><br />(I'm on vacation this week, which explains the real time play-by-play).2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-88685575816889032752014-11-21T08:47:50.905-08:002014-11-21T08:47:50.905-08:00With the first hour of trading well behind us, let...With the first hour of trading well behind us, let's take a look at 'real' pricing:<br /><br />(a) XLE well off its earlier highs, now +1.1%.<br />(b) Crude also well off earlier highs, now +0.7%.<br />(c) No change in bids for the $USD or the Euro. If anything, earlier moves have extended (+0.69% and -1.13%, respectively). Not really surprising, as currency and bond traders represent the 'smartest' (and least emotional) in the room.<br />(d) TLT (the long bond) is actually trading higher by +0.3%.<br />(e) Miners (usually negatively correlated with the market) holding @ +2.6%.<br /><br />Mornings like this are 'an easy sell,' but 'a difficult buy.' It's dangerous to chase (never my strategy), and pointless to become emotionally engaged. Patience is the correct stance.2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-54686677841953611562014-11-21T08:47:29.259-08:002014-11-21T08:47:29.259-08:00Haha.Haha.2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.com