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Post by huh on Nov 4, 2016 7:02:38 GMT -5
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Post by huh on Nov 4, 2016 7:03:21 GMT -5
Frontrunning: November 4 Stocks Extend Pre-Vote Selloff as Treasuries Gain; Lira Weakens (BBG) Fears over US election spur investors’ dash for cash (FT) Republican Voters Rallying to Trump Leave Party Leaders in Awkward Spot (BBG) Trump gains ground on Clinton: Reuters/Ipsos States of the Nation (Reuters) Hillary Clinton take 3-point lead in the latest ABC News/Washington Post tracking poll results (ABC) Trump Opens Big Lead Over Clinton On Character, Economy: IBD/TIPP Poll (IBD) U.S. employment growth, wages seen picking up in October (Reuters) Big Hit on Drug Stocks Caps $26 Billion Decline for John Paulson (WSJ) Steve Ballmer Says Smartphones Broke His Relationship With Bill Gates (BBG) U.S. manufacturing economy fails employers and workers (Reuters) This Election Shines a New Light on Wall Street’s Bro Culture (BBG) Hong Kong raises stamp duties to tame hot property market (Reuters) Covered by Obamacare But They Can’t Afford Treatment (BBG) Harvard Suspends Men’s Soccer Team Over Sexually Explicit Rankings of Women Players (WSJ) Nobody Knows Why Fortysomethings Are Driving U.S. Productivity (BBG) Shell and Total CEOs Question Solar in Room Full of Green Investors (BBG) IS leader urges Mosul fighters (AAP) Iraqi forces push deeper into east Mosul (Reuters) Battle over bathrooms looms large in North Carolina governor's race (Reuters) Fed independence should be scrapped given economic challenges, Summers says (MW) Tens of thousands of Indonesian Muslims protest against capital's governor (Reuters) www.zerohedge.com/news/2016-11-04/frontrunning-november-4
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Post by huh on Nov 4, 2016 7:19:52 GMT -5
I consider myself normally pretty good at finding bullish hope in the charts, even false hope. Yet even after 8 consecutive down days that began after more than 2 months of consolidation since the S&P made the all-time high back in August, if there's something bullish in these charts I'm not seeing it. S&P failing that potential squeeze I mentioned off the 2097 area was significant IMO.
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Post by walnut on Nov 4, 2016 7:24:04 GMT -5
Funny, it seems more like a bear market than any big correction. Just give it time I guess
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Post by huh on Nov 4, 2016 7:30:08 GMT -5
XLF has a tiny chance to squeeze back over 20, but too risky and too small a move to play IMO. And even if it did, it likely wouldn't stay there long.
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Post by walnut on Nov 4, 2016 7:36:38 GMT -5
Are you currently long very much stocks right now, Huh? or are you just out?
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Post by huh on Nov 4, 2016 7:43:17 GMT -5
Are you currently long very much stocks right now, Huh? or are you just out? I'm just out. Kicking myself for not shorting on 10/24 though. I know I shouldn't, but can't help it. After doing really well since Feb based on squeeze potentials and VXX downside targets, I had hoped & expected for one more upside squeeze in order to get short and stay short for this kind of move. Talked about it for years, so to think that I possibly missed the start of it, well, sort of takes the wind out of my sails (and would mean any trades right now could be emotionally influenced).
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Post by huh on Nov 4, 2016 7:56:13 GMT -5
What really burns me is that VXX didn't hit its downside target. Unless by some miracle that were to happen yet, difficult to jump on the short wagon now. Stops would be way too wide.
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Post by Herceg on Nov 4, 2016 8:03:33 GMT -5
No shares to short on GPRO..............damn shame............
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Post by huh on Nov 4, 2016 8:28:32 GMT -5
Not unless S&P rose >2107 and/or VXX fell <35.89 would I consider the market safe for an upside squeeze play
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Post by walnut on Nov 4, 2016 8:32:57 GMT -5
This might already be most of the down move. This might only be about like the June drop, and then moderately bullish again.
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Post by huh on Nov 4, 2016 8:53:23 GMT -5
NDX fighting to avoid a double top here against Sep lows. If it could manage to avoid that, it might then morph into a H&S instead - and we know what happens with those RS' (squeeze to new highs)
IWM also attempting to hold support here ~115
But I personally would need to see S&P break some FIB resistances to even consider playing the indices for a squeeze (mentioned that # above)
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Post by dino on Nov 4, 2016 9:09:47 GMT -5
Oil has been getting hammered and is way oversold and outside the BB's on the daily. UWTI time.
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Post by huh on Nov 4, 2016 9:12:25 GMT -5
Oil has been getting hammered and is way oversold and outside the BB's on the daily. UWTI time. I was just about to post the same play! LOL CL_F close to filling a downside gap in the mid-43's. No guarantee it'll hold, but worth a long shot against that gap support (43.40's)
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Post by clinton on Nov 4, 2016 9:23:18 GMT -5
PBI insider buying CEO and VP
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Post by clinton on Nov 4, 2016 9:27:04 GMT -5
added to GORO
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Post by dino on Nov 4, 2016 9:34:36 GMT -5
Oil has been getting hammered and is way oversold and outside the BB's on the daily. UWTI time. I was just about to post the same play! LOL CL_F close to filling a downside gap in the mid-43's. No guarantee it'll hold, but worth a long shot against that gap support (43.40's) And.... they're off! Not sure what just happened, but UWTI just ran up 5% in about 60 seconds...
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Post by huh on Nov 4, 2016 9:39:33 GMT -5
I was just about to post the same play! LOL CL_F close to filling a downside gap in the mid-43's. No guarantee it'll hold, but worth a long shot against that gap support (43.40's) And.... they're off! Not sure what just happened, but UWTI just ran up 5% in about 60 seconds... I figured that was you buying, Dino. hee hee
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Post by dino on Nov 4, 2016 9:45:11 GMT -5
And.... they're off! Not sure what just happened, but UWTI just ran up 5% in about 60 seconds... I figured that was you buying. hee hee HA! Funny thing is I was very early on this one so I was trying to average down at UWTI 17.30 which is the exact low of the current 15 minute candle. The pps was sitting there bouncing between 17.30 and 17.31 with my order NOT filling. So I cancelled and was going to move it up a couple pennies and BAM, it took off and ran up a dollar immediately. Bitter sweet moment.
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Post by huh on Nov 4, 2016 9:53:21 GMT -5
HA! Funny thing is I was very early on this one so I was trying to average down at UWTI 17.30 which is the exact low of the current 15 minute candle. The pps was sitting there bouncing between 17.30 and 17.31 with my order NOT filling. So I cancelled and was going to move it up a couple pennies and BAM, it took off and ran up a dollar immediately. Bitter sweet moment. I was thinking of grabbing UWTI when DWTI is ~89, and there's still a good chance of that happening. CL_F's not out of the woods yet, even with that quick spike - it only retraced the overnight bearish pattern while DWTI filled its opening gap up. I don't want it unless CL_F fills that gap so that I can keep a tight stop. No guarantee that gap fill will even hold (S&P >2107 and VXX <35.89 before then would suggest it might, but oil typically leads the S&P)
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