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Post by novie08 on Apr 14, 2015 11:17:47 GMT -5
"They're" not going to use GE again for a DJI power move up, are they? (GE's gap fill ~28.50) Interesting that they are selling GE Capital...looks like they're expecting rate hike(s) and we all know Jeff is plugged in. Total compensation: $37+ million.
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Post by huh on Apr 14, 2015 11:25:04 GMT -5
Hard stop now for a loss on my short position. If market squeezes form here, it's going to be a real power move.
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Post by jacksrbtr on Apr 14, 2015 11:35:23 GMT -5
"They're" not going to use GE again for a DJI power move up, are they? (GE's gap fill ~28.50) Interesting that they are selling GE Capital...looks like they're expecting rate hike(s) and we all know Jeff is plugged in. Total compensation: $37+ million. Armstrong makes a big thing out of RE being one of the few safe havens for what is to come. GE selling their commercial RE division which is part of GE Capital flies in the face of that doesn't it?
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Post by jacksrbtr on Apr 14, 2015 11:39:38 GMT -5
I think I'll read Martin Armstrong's blog now and resume the depression...anybody got any spare Prozac? No need for Prozac pills; today he's declaring you a GENIUS for reading his blog. My Doc once told me that he didn't think Prozac would do me any good anyway. Bwahahahahaaaa!
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Post by crumbdon on Apr 14, 2015 11:40:53 GMT -5
Hard stop now for a loss on my short position. If market squeezes form here, it's going to be a real power move. Yes, though it looks extremely weak, it feels like they are throwing everything (including the kitchen sink) at this right now to force that squeeze. If it happens, longs better recognize it as the "Get Out of Jail Free" card that it is. That move in the 30-yr today (which could be just an OPEX headfake) is getting largely overlooked. If it is real, it would be unwise to ignore what follows this blastoff.
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Post by huh on Apr 14, 2015 11:53:00 GMT -5
Hard stop now for a loss on my short position. If market squeezes form here, it's going to be a real power move. Yes, though it looks extremely weak, it feels like they are throwing everything (including the kitchen sink) at this right now to force that squeeze. If it happens, longs better recognize it as the "Get Out of Jail Free" card that it is. That move in the 30-yr today (which could be just an OPEX headfake) is getting largely overlooked. If it is real, it would be unwise to ignore what follows this blastoff. Couldn't agree more. I'm bummed about taking a loss on short positions, but VIX scams saying lower, so market higher. But that's OK. I was uncomfortable holding short before we hit new highs anyway. Figured I'd take a shot at a pull back first since charts were showing so much weakness, but it didn't work out.
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Post by jacksrbtr on Apr 14, 2015 13:21:49 GMT -5
"Pull back?"
What is that?
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Post by huh on Apr 14, 2015 13:51:43 GMT -5
VIX scams formed a H&S, but back up into the channel now.
AAPL bear flagging, sort of (too sloppy)
SPX looks like higher
IWM looks like lower
VIX has been up, down, up, down, up
Hell if I know. Just squeeze the damn thing already.
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Post by huh on Apr 14, 2015 13:56:34 GMT -5
I really hate this market right now. Can you tell?
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Post by huh on Apr 14, 2015 14:00:50 GMT -5
Here comes the power move. VXX targeting back to the all-time lows.
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Post by crumbdon on Apr 14, 2015 14:06:53 GMT -5
I really hate this market right now. Can you tell? A-freakin-MEN! I'll second that!
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Post by huh on Apr 14, 2015 14:10:51 GMT -5
From 04/09 to today, XLF formed a H&S. That lunchtime high completed the RS.
So why am I expecting it to go higher? Because this bull market should end with a blow-off top squeeze, and XLF has a gap to fill up in the 24.50's. (no gap left behind). Apple has some unfinished business higher as well.
Like Crumb said, higher from here and it's only a "Get Out of Jail Free" card.
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Post by novie08 on Apr 14, 2015 14:25:26 GMT -5
I really hate this market right now. Can you tell? Dear huh, You are not alone!
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Post by novie08 on Apr 14, 2015 14:28:18 GMT -5
Interesting that they are selling GE Capital...looks like they're expecting rate hike(s) and we all know Jeff is plugged in. Total compensation: $37+ million. Armstrong makes a big thing out of RE being one of the few safe havens for what is to come. GE selling their commercial RE division which is part of GE Capital flies in the face of that doesn't it? Is he talking about commercial real estate or residential? Judging from what's going on here, lots of people agree with him. Absolutely everything is selling and there's more teardowns and building going on as well--especially in the $1.2-2.5 Million category!!! It's all young people buying them...not sure why they want 5,000 sq. ft. But what do I know? I guess I thought he is saying private assets will be ok, at least compared with the bonds. And at least temporarily.
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Post by huh on Apr 14, 2015 14:49:52 GMT -5
I'm seeing so many bullish and bearish possibilities, my head's starting to spin.
I'd love to see a 2-3% up day to make things ez. Other than that, I might have to stay away for a bit.
Now I think I'll go do something more enjoyable and less stressful - like running back and forth across a busy 10 lane freeway.
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Post by huh on Apr 14, 2015 15:06:01 GMT -5
Algos on freakin' crack... Same thing with XLF's H&S, AAPL's bear flag, IWM's rising wedge. Never seen anything like it.
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Post by jacksrbtr on Apr 14, 2015 15:57:59 GMT -5
Armstrong makes a big thing out of RE being one of the few safe havens for what is to come. GE selling their commercial RE division which is part of GE Capital flies in the face of that doesn't it? Is he talking about commercial real estate or residential? Judging from what's going on here, lots of people agree with him. Absolutely everything is selling and there's more teardowns and building going on as well--especially in the $1.2-2.5 Million category!!! It's all young people buying them...not sure why they want 5,000 sq. ft. But what do I know? I guess I thought he is saying private assets will be ok, at least compared with the bonds. And at least temporarily. He says better to rent and see what shakes out rather than being stuck in a mortgage not sure how that squares with what you heard the guy talks like he's a "puzzle wrapped in an enema" (a play on Winston Churchills words about Russia).
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Post by jacksrbtr on Apr 14, 2015 17:29:00 GMT -5
Armstrong makes a big thing out of RE being one of the few safe havens for what is to come. GE selling their commercial RE division which is part of GE Capital flies in the face of that doesn't it? Is he talking about commercial real estate or residential? Judging from what's going on here, lots of people agree with him. Absolutely everything is selling and there's more teardowns and building going on as well--especially in the $1.2-2.5 Million category!!! It's all young people buying them...not sure why they want 5,000 sq. ft. But what do I know? I guess I thought he is saying private assets will be ok, at least compared with the bonds. And at least temporarily. 5,000 sq.ft!!! That'd be one helluva model train layout!!!
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Post by jacksrbtr on Apr 14, 2015 20:20:20 GMT -5
ITMS
Long CNET (Gareth) Entry: $1.72 Stop: Will be updated later on. Target: $2.15 Please note: This is a small cap. Do not chase. I recommend not paying over $1.75.
Nick covered The TMUS Short @ $31.66 "I decided to cover the TMUS short @ $31.66. This trade was taking to long to play out and the weekly chart is forming a bullish base." Trade Details: Shorted TMUS @ $31.80 Covered the entire position @ $31.66 Total Gain: +0.14 cents
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