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Post by huh on Jul 11, 2016 9:04:22 GMT -5
VIX scams looking a little bullish here, at least enough to fill their opening gaps down
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Post by huh on Jul 11, 2016 9:14:08 GMT -5
Of all the upside targets I've posted needed for a blow-off top, all but two have hit. ...of course is the S&P new high, and the other is AAPL ~116. So keep an eye on AAPL this next week. If it's going to hit that target, I think it'll have to at least begin the run for it this coming week... Small iH&S forming in AAPL, confirms >94.58, upside target ~97.50 (which would fill upside gap from 06/16) AAPL hit that upside target for 3.2%, but I'm really, really hoping some 'surprise' good news comes out now to push them higher
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Post by walnut on Jul 11, 2016 9:26:56 GMT -5
They'd better do it quick in case Huh is right about this market My thinking is this; Europe will do pretty much exactly what our Fed did starting in 2008 with the bailouts, err, stimulus. We got our banks out of the mess, and now that they are appropriately capitalized for it, it's Europe's turn. But Europe won't get the support for this unless the markets are crashing - which also happens to force investors into our bonds, which is exactly what our Fed needs in order to get all that QE money returned back to the virtual coffers - exactly like BB promised would happen And this will test the real strength of the EU. We'll see how committed everyone really is. Weak nation banks will be bailed out by northern european countries.
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Post by huh on Jul 11, 2016 9:29:07 GMT -5
My thinking is this; Europe will do pretty much exactly what our Fed did starting in 2008 with the bailouts, err, stimulus. We got our banks out of the mess, and now that they are appropriately capitalized for it, it's Europe's turn. But Europe won't get the support for this unless the markets are crashing - which also happens to force investors into our bonds, which is exactly what our Fed needs in order to get all that QE money returned back to the virtual coffers - exactly like BB promised would happen And this will test the real strength of the EU. We'll see how committed everyone really is. Weak nation banks will be bailed out by northern european countries. Exactly. And that's why Britain is getting out while the getting's good
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Post by walnut on Jul 11, 2016 9:37:35 GMT -5
"which also happens to force investors into our bonds, which is exactly what our Fed needs in order to get all that QE money returned back to the virtual coffers - exactly like BB promised would happen"
That will be drive the dollar up and be a major headwind for US stocks
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Post by huh on Jul 11, 2016 9:39:11 GMT -5
"which also happens to force investors into our bonds, which is exactly what our Fed needs in order to get all that QE money returned back to the virtual coffers - exactly like BB promised would happen" That will be drive the dollar up and be a major headwind for US stocks EUR/USD chart showing a fall to <.95, perhaps even lower, which also correlates with the higher dollar
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Post by huh on Jul 11, 2016 9:40:43 GMT -5
VIX scams looking a little bullish here, at least enough to fill their opening gaps down Well, they didn't quite get to the gap fills, but close. Blow on, market, blow on. You're almost there.
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Post by huh on Jul 11, 2016 9:42:54 GMT -5
Come on, AAPL, time for something bullish. Anything at all.
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Post by huh on Jul 11, 2016 9:57:18 GMT -5
I intend to sell all longs either this afternoon or tomorrow morning
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Post by huh on Jul 11, 2016 10:06:58 GMT -5
Come on, AAPL, time for something bullish. Anything at all. 97.55 is the squeeze trigger for AAPL. Over that and should get at least a higher HOD
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Post by walnut on Jul 11, 2016 11:22:45 GMT -5
feels like a bottom for VXX but what do I know? not venturing a guess.
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Post by huh on Jul 11, 2016 11:28:13 GMT -5
Still have a downside target for VX_F in the 13.20's. So even if VIX scams did bounce here, it won't be the bottom. Not yet IMO
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Post by walnut on Jul 11, 2016 11:30:19 GMT -5
fill to that last low, huh?
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Post by huh on Jul 11, 2016 11:32:19 GMT -5
fill to that last low, huh? I'll simply wait for that last low. Market's showing no indication of pulling back yet and VX_F looks like it's developing another small bearish pattern Also watch Nikkei futures - when it gets just over 16,400, it's time to grab short positions in everything IMO
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Post by huh on Jul 11, 2016 11:46:45 GMT -5
Here comes another dive on the VX_F now
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Post by huh on Jul 11, 2016 14:54:48 GMT -5
OMG! The S&P pulled back something like 5 points from the new high! Somebody close this market already and stop this insanity!!!
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Post by huh on Jul 11, 2016 15:06:00 GMT -5
Oil does look bad though. I was hoping it would get one last backtest of the 47.30-47.50 area but it doesn't seem to want to cooperate
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Post by walnut on Jul 11, 2016 15:11:33 GMT -5
Oil does look bad.
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Post by huh on Jul 12, 2016 6:00:04 GMT -5
Watching Nikkei futures for a move to ~15,700 (>3% from 15,200) Who'd have thunk it? Nikkei up more than 5% this morning. Just over 16,400 would be ideal spot to sell/short. 15,700 now the support to hold Nikkei futures 16,400 upside target hit for a gain of 8% since Friday. Now short for a new bear market, downside targets 11,800, then 8650
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