|
|
Post by dino on Nov 11, 2016 15:36:08 GMT -5
price oil getting crushed I'm getting killed with UWTI. HOpe I can un-lose some money soon. Bought some GORO today for a scalp. |
|
|
|
Post by jacksrbtr on Nov 11, 2016 15:52:46 GMT -5
gold getting crushed wow I fucked up that call. got in too early Have no fear - I understand that Trump likes gold. |
|
|
|
Post by huh on Nov 11, 2016 16:13:46 GMT -5
If indices don't gap up big Monday morning I'll be extremely disappointed. Unfortunately though that would mean a little more down in gold and miners (watching for a long in gold miners when GDX ~20.20's, Gold ~1201)
|
|
|
|
Post by huh on Nov 11, 2016 16:24:56 GMT -5
TLT looking very bearish here (perhaps down to ~122.75? Currently ~132). Not sure what that means for the market though, if anything TLT hit the downside target of 122.75 yesterday. That's down 7% since the call, or 14% since the call to short if loses 142. This week was TLT's biggest weekly loss in its history (since July '02) |
|
|
|
Post by novie08 on Nov 11, 2016 17:41:40 GMT -5
Bonds getting crushed, never remember seeing anything like this. What I want to know from you guys is when will those gaps up from Wed/Thurs. fill? That's when I'd buy but may not happen until after the holidays? Let's remember that if the business tax actually does go to 15%, capital will flow big into the US. On the point, I guess I am in disagreement with y'all and you know for all these years, I could be wrong!
|
|
|
|
Post by dino on Nov 11, 2016 19:03:06 GMT -5
I wonder if gold bounces off that 1200-1210 area (I agree there's good long term support there) up to 1280-1300 and then.... squeezes? If not, that's an icky H&S. |
|
|
|
Post by huh on Nov 11, 2016 22:35:36 GMT -5
I wonder if gold bounces off that 1200-1210 area (I agree there's good long term support there) up to 1280-1300 and then.... squeezes? If not, that's an icky H&S. H&S' squeezing for a slightly higher high seems to be the theme this year. If that were to happen with gold, then GDX could get back up to ~32.00 (and finally fill the upside gap left back in Apr of '13). |
|
|
|
Post by clinton on Nov 11, 2016 23:35:05 GMT -5
found this on zerohedge amidst all the stupidity. I think I agree with him.
NDXTrader Nov 11, 2016 7:01 PM
This week's price action was a ploy to try and unload as much stock as the big boys could to suckers. The last 7 years rally has been predicated on the Fed keeping rates low for Obama, multinationals having cheap foreign labor make things for peanuts and low rates allowing corps to issue debt to buy their own stock. All 3 things are going away. I would imagine they will try to let the air out of the bubble slowly until Jan 20th if they can, but the bull market is over
|
|
|
|
Post by walnut on Nov 12, 2016 1:01:07 GMT -5
Bonds getting crushed, never remember seeing anything like this. What I want to know from you guys is when will those gaps up from Wed/Thurs. fill? That's when I'd buy but may not happen until after the holidays? Let's remember that if the business tax actually does go to 15%, capital will flow big into the US. On the point, I guess I am in disagreement with y'all and you know for all these years, I could be wrong! I know, once again, as you have mentioned I think, all that bond money will go somewhere too. |
|
|
|
Post by huh on Nov 12, 2016 9:19:44 GMT -5
Funny reading the WFC boards out there. So many trying now to attribute recent events to explain this rally in banks. "It's Trump, it's Buffet, it's both." Yet charts showed WFC as a long back on Oct 4 when it was nearly 20% lower, long before these events occurred. Now traders will convince themselves of reasons to begin long positions in these names when it's actually time to start thinking about unloading them a little higher than here. Market psychology is a crazy thing. WFC - tiny vertical line was H&S target. LT bearish but recent tag of lower channel should get at least dead cat bounce  Despite market pullback, WFC has held well against that projected low... |
|
|
|
Post by huh on Nov 12, 2016 9:46:10 GMT -5
|
|
|
|
Post by jacksrbtr on Nov 13, 2016 11:45:20 GMT -5
Funny reading the WFC boards out there. So many trying now to attribute recent events to explain this rally in banks. "It's Trump, it's Buffet, it's both." Yet charts showed WFC as a long back on Oct 4 when it was nearly 20% lower, long before these events occurred. Now traders will convince themselves of reasons to begin long positions in these names when it's actually time to start thinking about unloading them a little higher than here. Market psychology is a crazy thing. Despite market pullback, WFC has held well against that projected low... WFC is a takeover target by JPM IT IS A BUY!!!! |
|
|
|
Post by novie08 on Nov 13, 2016 22:18:21 GMT -5
Bonds getting crushed, never remember seeing anything like this. What I want to know from you guys is when will those gaps up from Wed/Thurs. fill? That's when I'd buy but may not happen until after the holidays? Let's remember that if the business tax actually does go to 15%, capital will flow big into the US. On the point, I guess I am in disagreement with y'all and you know for all these years, I could be wrong! I know, once again, as you have mentioned I think, all that bond money will go somewhere too. Having been a bit of a permabear as you all know, I've come to accept that it is all about capital flows. The timing is the hard part for me.  |
|
|
|
Post by jacksrbtr on Nov 14, 2016 10:09:21 GMT -5
I know, once again, as you have mentioned I think, all that bond money will go somewhere too. Having been a bit of a permabear as you all know, I've come to accept that it is all about capital flows. The timing is the hard part for me. Re: Timing - I once came in a whole measure(!) too soon on a trumpet solo the conductor stopped the orchestra asked me to stand up and take a bow for fukking up. It was the last time I ever did THAT. Bwahahahaaaa! |
|
