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Post by novie08 on Jun 28, 2015 17:56:41 GMT -5
So far, gold, silver and dollar are liking it. who knows what NY will do tho.  |
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Post by dino on Jun 28, 2015 20:29:47 GMT -5
ES down as much as 41.75 at one point, currently down 28.75 or 1.36%
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Post by dino on Jun 28, 2015 20:32:22 GMT -5
That H&S currently playing out. We'll see what happens overnight and into the open tomorrow.
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Post by dino on Jun 28, 2015 20:34:19 GMT -5
We could hit that bottom green line and still be in that sideways channel we've been in since February this year.
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Post by novie08 on Jun 28, 2015 20:59:16 GMT -5
Closures extended for six days and capital controls imposed: news.ino.com/headlines/?newsid=344410260In the meantime, metals are way off their highs, lol. No fear here. Tsipras also blamed the European Central Bank's Sunday decision not to increase the amount of emergency liquidity the lenders can access from the central bank — meaning they have no way to replenish fast diminishing deposits. "It is now more than clear that this decision has no other aim than to blackmail the will of the Greek people and prevent the smooth democratic process of the referendum," Tsipras said. |
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Post by huh on Jun 28, 2015 21:02:05 GMT -5
WE'RE ALL GOING TO DIE!!!
Muhahahaha
(I wouldn't chase the long side tomorrow, even if it goes green by the open - unless it's only a day trade that is)
2076 coming up next for the upside in ES
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Post by huh on Jun 28, 2015 21:08:52 GMT -5
I mentioned this before, but the Greece crisis pushes the EUR down, which pushes dollar up, which pushes metals down - especially pm's. That's why I never saw the rational in long pm's as a hedge against a Euro crisis. The dollar is the fear trade, just as it was in 2008, not pm's. [shrug]
(pm's didn't start their real rise until Nov '08, after the crisis was already well underway, and this went on until Sep '11 because of inflation fears due to QE and bailout expectations - ie. money printing. PM's aren't a play unless there's a real concern that the dollar's going to get absolutely crushed)
JMO
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Post by huh on Jun 28, 2015 21:36:49 GMT -5
There is one potential bright spot for pm's, the EUR's not showing signs of being broken, at least not yet:  |
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Post by walnut on Jun 28, 2015 22:05:08 GMT -5
Jeez just put them out of the Euro already. I am sick of hearing about it. Don't loan money to deadbeats. Lesson learned, again.
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Post by huh on Jun 28, 2015 22:31:41 GMT -5
Bears on ST already counting their $$, and it's not even midnight yet!
(remember the usual outcome when Sunday night futures see big moves before midnight?)
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Post by walnut on Jun 28, 2015 22:47:16 GMT -5
I've got some somewhat vulnerable stuff but I am not worried at all yet.
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Post by novie08 on Jun 29, 2015 10:20:34 GMT -5
U.S. markets just waking up! Puerto Rico also on the list of "likely to default"...contagion is a nasty thing.
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Post by dino on Jun 29, 2015 10:33:52 GMT -5
U.S. markets just waking up! Puerto Rico also on the list of "likely to default"...contagion is a nasty thing. They knew all along. They just needed to unload. Ooops.... or should I say:  knew all along.  |
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knew all along.