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Post by huh on Feb 15, 2017 7:55:34 GMT -5
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Post by huh on Feb 15, 2017 7:56:22 GMT -5
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Post by huh on Feb 15, 2017 7:56:55 GMT -5
Frontrunning: February 15 World stocks at 21-month highs on Yellen, U.S. outlook (Reuters); Dollar notches longest run of gains in five years before CPI data (Reuters) Nervous About the ACA, GOP Divisions Emerge Over Repeal Effort (BBG) Flynn Probed by FBI Over Calls With Russian Official (WSJ) Russia Questions Mount for Trump White House Reeling From Flynn Fallout (BBG) Trump knew for weeks aide was misleading over Russia (Reuters) U.S. Drops Insistence on Two-State Solution in Mideast (WSJ) Trump to welcome Netanyahu as Palestinians fear U.S. shift (Reuters) Yellen Sets High Hurdle for Reducing Fed's Massive Bond Holdings (BBG) Why the Trump Organization Was Cited in a Brazil Corruption Probe (BBG) Bank of America Misses a Big Options Payday, Goldman Cashes In (WSJ) Eurozone trade surplus jumps in December (FT) Why Data Nerds Struggle to Gain Power at Hedge Funds (BBG) Malaysia detains woman, seeking others in connection with North Korean murder (Reuters) Why America’s Tallest Dam Is Suddenly in Danger (BBG) U.S. Defense Secretary in Brussels Amid Turmoil Over Flynn (WSJ) Retail CEOs to meet Trump in bid to kill U.S. border tax (Reuters) Central bankers take up arms against protectionism (Business Times) GM, PSA bosses try to sell Europe deal amid German, UK worries (Reuters) French government spokesman says aware of German concerns over Peugeot-Opel deal (Reuters) PepsiCo profit beats on demand for healthy snacks, drinks (Reuters) As AP Tests Gain Popularity, Some Colleges Push Back (WSJ) Berkshire takes huge bite of Apple, boosts airline stakes (Reuters) www.zerohedge.com/news/2017-02-15/frontrunning-february-15
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Post by huh on Feb 15, 2017 8:03:01 GMT -5
I'm missing everything. Gone before market open and back after post market closes. But from what little I've seen, wow, what a relentless rise! And great trading, Mist!
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Post by walnut on Feb 15, 2017 8:30:07 GMT -5
Contango number still high after yesterdays future expiry. Now it is March-April.
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Post by theMist on Feb 15, 2017 8:36:44 GMT -5
Just some thoughts this morning -- PSYCHOLOGY OF MARKET TOPS AND BOTTOMS : Market TOPs are formed when things couldn't get any better Market BOTTOMs are formed when things couldn't get any worse President Obama - Democrat and not known to be very business friendly took office in January 2009. The Market bottomed at exactly March 2009. I remember it well -- it was a very difficult time for me as I was let go from my position at Skadden, Arps along with many, many others. I had literally come back from visiting my brother in AZ who had just cremated his wife who passed away of cancer in her early 50s. The day I walked back in the door was when they let me go. Back then I was working 15-16 hour days 5 days a week and working 2 jobs. I kept my faith in the Good Lord above and He opened up other opportunities for me. That was the time I started trading the stock market for the first time. And there was a little ETF called FAS that drew my attention. On YMB, there was a poster named HammondKeys (Jim Roof) who was patient and kind and lead me on my journey that I have been on to this day. The first book I ever read on Technical Analysis was John Magee's -- who wrote the bible of technical analysis, "Technical Analysis of Stock Trends" (1948). Amazing, when you think about it how Magee and Edwards were able to put all of that together back in 1948. The internet didn't even exist back then and electronic computers didn't even exist until the 1950s. From his 40s to his death at 86, Magee was one of the most disciplined technical analysts around, refusing to even read a current newspaper lest it interfere with the signals of his charts. If you recall, back in 2009, clients and even several law firms went under and closed their doors. It was a time when EVERYONE thought that things couldn't get any worse and now we have a non-business friendly Democratic President Obama in office. That's when Market Bottoms are formed. Right now, to borrow a few words from the famous Alan Greenspan -- the markets are starting to show signs of 'irrational exuberance'. And now we have a Republican President in office who is Pro-Business friendly along with a rising interest rate environment. This is starting to feel like retail investors rushing to get in along with money managers chasing performance and throwing out fundamentals. The S&P is breaking out over resistances and leaving behind GAPs and is not even bothering to back test anymore and hitting upside targets with fierceness. I still maintain a large long term INVERSE Head & Shoulders target of around SP2460ish BUT as always, its just a question of how we get there. I was expecting to hit that target sometime during the summer. And at this rate, it will happen a lot sooner which IMO will not bode well for the markets in long term. If S&P keeps screaming higher and doesn't pullback and put some back testing in and hits that INVERSE Head & Shoulders target, I will put my BEAR HAT on! For now, just words of caution... just my 2 cents for today
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Post by Herceg on Feb 15, 2017 9:09:18 GMT -5
Mist, Thank you for sharing some of your personal information and I know it must have been very difficult for you and your family. I had some similar hardship but fortunately did not lose anyone at that time. In a nutshell, my wife was pregnant with our twins and I just lost my job as an AVP at a large financial institution. I too worked many hours, particularly with the Gov't mandated base and adverse stress tests. Needless to say once everything was signed off, they started handing out our pink slips.......(bastards)............In hindsight it was a blessing in disguise and I thank the lord for allowing me to bounce back and the rest will be up to me. We all deal with adversity at different times in our life and one may not always know what is going on in someones life, that is why I always try to treat everyone with an open mind and kindness even though sometimes they may not deserve it.
JMO and BOL...........
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Post by theMist on Feb 15, 2017 9:33:10 GMT -5
Just wanted to zoom out and look at weekly and daily S&P charts -- to show you bigger picture S&P has been in a large rising channel since the 2009 lows S&P Weekly Zoomed Out image postS&P Weekly Zoomed in image postS&P Daily Zoomed Out upload
S&P Daily zoomed in image upload no limit
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Post by theMist on Feb 15, 2017 9:38:24 GMT -5
S&P 4 Hour with red hollow bottom candle Simply means that this little pop above it will be short lived and at some point S&P will drop back below that candle (SP2322) S&P also left a BREAKAWAY GAP just below that candle (SP 2319.23 - SP 2321.42) that needs to be filled SP 4 Hour hosting image
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Post by theMist on Feb 15, 2017 9:40:43 GMT -5
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Post by theMist on Feb 15, 2017 9:43:00 GMT -5
VXX Daily Back within its lower BBs for now BTW - I put that horiz white line (approx 26 days) there way back a long time ago to indicate VXX support. lol just kidding photo upload sites
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Post by Herceg on Feb 15, 2017 9:44:09 GMT -5
FOSL, SODA and SHOP worth watching.
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Post by theMist on Feb 15, 2017 9:51:46 GMT -5
no trades
Incredible Bull market! And VIX SCAMs stuck in neutral
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Post by walnut on Feb 15, 2017 9:54:45 GMT -5
Yes I am trying to figure out what SP-500 is doing in the short term
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Post by theMist on Feb 15, 2017 10:00:14 GMT -5
Yes I am trying to figure out what SP-500 is doing in the short term Yesterday was an awesome day! And I finally have my IB account fully approved. I'm going to wire funds over there today. I think I may keep Scottrade open as well for a little longer and have both.
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Post by theMist on Feb 15, 2017 10:08:44 GMT -5
Finally a nice little pop in the SCAMs
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Post by walnut on Feb 15, 2017 10:10:28 GMT -5
VXX 17.05
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Post by theMist on Feb 15, 2017 10:17:32 GMT -5
Notice how differently the SCAMs are trading today
SP is flat and SCAMs are trading higher and they are very erratic and agitated. lol
VXX 17.15
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Post by walnut on Feb 15, 2017 10:18:44 GMT -5
On freestockcharts I notice that the VXX quotes are real times, but the last SP-500 chart says last 15 minutes estimated. Is that normal? I don't remember seeing that
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Post by theMist on Feb 15, 2017 10:19:30 GMT -5
On freestockcharts I notice that the VXX quotes are real times, but the last SP-500 chart says last 15 minutes estimated. Is that normal? I don't remember seeing that yeah - it happens sometimes. Has to do with the feed from the exchange. I love freestockcharts but its definitely not perfect. I just wrote their support. I have Premium Version and see the same thing. Do you encounter the same with IB S&P charts?
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