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Post by novie08 on Jun 15, 2017 8:39:43 GMT -5
The Fed lays out its plan to unwind its massive $4.5 trillion balance sheet. Once the program begins, the Federal Reserve will reinvest the principal of maturities only if it gets back more than $6 billion in principal returned in a given month. The "cap" will then be increased by $6 billion every three months until it reaches $30 billion a month.
That's a LOT of money, inconceivable really. What will this do to the bond markets? Not to mention the dollar and the stock markets.
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Post by theMist on Jun 15, 2017 8:41:25 GMT -5
Unless in next hour or so we get another wave lower in S&P so far this doesn't feel like a rising wedge break
we'll see...still waiting
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Post by clinton on Jun 15, 2017 8:41:49 GMT -5
LONG AMD at 11.40
nice backtest on hourly chart
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Post by huh on Jun 15, 2017 8:42:54 GMT -5
The Fed lays out its plan to unwind its massive $4.5 trillion balance sheet. Once the program begins, the Federal Reserve will reinvest the principal of maturities only if it gets back more than $6 billion in principal returned in a given month. The "cap" will then be increased by $6 billion every three months until it reaches $30 billion a month. That's a LOT of money, inconceivable really. What will this do to the bond markets? Not to mention the dollar and the stock markets. Simple answer: whatever the Fed wants or needs them to do
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Post by huh on Jun 15, 2017 8:44:05 GMT -5
I'd like to see the S&P fill some of those many downside gaps. You know, like the one ~1865. Hee hee
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Post by theMist on Jun 15, 2017 8:44:17 GMT -5
S&P Hourly ChartSo far bouncing off green rising support S&P has a slanted H&S in this spot which needs validation below that green line Green line can be viewed as slanted neckline New Note: The way the S&P has been trading during this rise -- Usually the H&S will get confirmation below neckline and start to play out and then stop partially down and form an iH&S with move back above neckline and squeeze bears all the way to new highs on S&P - curious to see if they pull it again one more time
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Post by novie08 on Jun 15, 2017 8:45:05 GMT -5
And they continue to hammer tech, just wondering whether they're setting up the biggest coil in history, lol.
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Post by huh on Jun 15, 2017 8:47:52 GMT -5
And they continue to hammer tech, just wondering whether they're setting up the biggest coil in history, lol. Tech was way overcooked. I think AAPL will at least backtest its '15 highs ~132-133. It never backtested that.
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Post by clinton on Jun 15, 2017 8:48:56 GMT -5
I bought RIC, GORO, CDE, GTE yesterday alll looking pretty good today
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Post by theMist on Jun 15, 2017 8:51:05 GMT -5
Huh - doesn't Nasdaq have an unfilled gap just under 6k?
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Post by clinton on Jun 15, 2017 8:54:21 GMT -5
bitcoin -17% ouchy
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Post by theMist on Jun 15, 2017 8:58:33 GMT -5
spot vix and VXX both filled their gaps
spot vix hod 11.62; VXX HOD 13.48
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Post by theMist on Jun 15, 2017 9:09:08 GMT -5
VXX 15 min chartVXX HOD closed common gap to 13.42 VXX LOD backtested some moving avgs as well as breakout no trades for me so far
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Post by theMist on Jun 15, 2017 9:21:09 GMT -5
S&P Bear Flagging above rising green support Called SP2412 possibly for today because that's where 200EMA is on hourly
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BigM
Full Member
Posts: 142
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Post by BigM on Jun 15, 2017 9:30:15 GMT -5
Dow -106 (yawn) Would love to see trading halted
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Post by theMist on Jun 15, 2017 9:34:23 GMT -5
yeah - with the last 340 down day S&P really pushed hard on its lower BBs and today lower BBs are acting like support -- look at my S&P Hourly chart from earlier
However, can get another push tomorrow OR this aftgernoon - but looks like this might be it for today
like you said MartinRogers - Yawn lol
SP 2420ish proving to be some good support
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Post by Herceg on Jun 15, 2017 9:36:31 GMT -5
Good day for me by my standards.............Could have held longer and added more on KR.............as usual........
KR - 10:30:11 Bought to Cover 200s @ $25.8166 - Total: $5,167.77 NVDA - 10:22:20 Bought to Cover 3s @ $148.545 - Total: $450.09 NVDA - 10:22:20 Bought to Cover 47s @ $148.545 - Total: $6,981.62 KR - 10:16:02 Sold Short 40s @ $26.3399 - Total: $1,053.57 KR - 10:15:50 Sold Short 60s @ $26.335 - Total: $1,575.62 NVDA - 10:05:12 Sold Short 50s @ $149.61 - Total: $7,475.89 KR - 10:00:16 Bought to Cover 150s @ $26.1862 - Total: $3,932.38 KR - 09:26:52 Sold Short 100s @ $26.70 - Total: $2,665.49 KR - 08:20:17 Sold Short 100s @ $27.50 - Total: $2,745.49 KR - 08:20:17 Sold Short 50s @ $27.50 - Total: $1,374.98
~$359
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Post by novie08 on Jun 15, 2017 9:38:08 GMT -5
I bought RIC, GORO, CDE, GTE yesterday alll looking pretty good today Nice, Clint. Never played GTE will take a look; hit a 52-wk. low this AM.
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Post by theMist on Jun 15, 2017 9:38:56 GMT -5
Nibbling on short VXX 13.30 range
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Post by clinton on Jun 15, 2017 9:52:32 GMT -5
I bought RIC, GORO, CDE, GTE yesterday alll looking pretty good today Nice, Clint. Never played GTE will take a look; hit a 52-wk. low this AM. future of oil looks bleak Im just playing this for a 5% flip.
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