The PPT closed at a range that has offered significant support, from an algorithmic stand point.
Joined Nov 10, 2007
23,445 Blog Posts
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
first
But, seriously how long can it truly last?
Forever
Thanks Fly, I was considering selling my short trade in AMZN tomorrow morning and flipping to go long on FCX. I think FCX has hit support as well.
selling your short?? huhhhhhh
Fly, didn’t 2.2 used to be the oversold number in PPT, back in 2008-2009?
Yes. The sub 2.6 range has been responsive ever since QE2.
Was this a PPT algorithmic change, or is it simply because market vol has collapsed since the burlap days?
fundies shot up by 25 points, changed the ranges
The butcher — “Chef John Reynolds” — says trust the PPT.
That’s good enough for me. I’m still trying to get Saturday night rez at his “Hamphoria” restaurant-bistro on East 55th & Mad.
___________
bullish to bearish to bullish to bearish to bullish…. cash sounds good right about now.
I fucking hope so.
dubz, quit being a punk
I have 1322 on the SPX as a key support and 75.80ish on the US Dollar Index. Markets normally like to chop before FOMC minutes, which are on Wednesday…so we may have that kind of a day tomorrow.
I bought some NVDA yesterday on egregious naz selling pressure.
This IMF ‘guy’ is almost like a Fawkes [sic] planted underneath organized finance. Remember remember, the rape and surrender. For the surrender will entail a rape and cash tendered.
Re Struass-Khan :
How the fuck does a socialist get to be the head of the IMF? It just does figure.
Strauss-Khan lost his socialist stripes when he joined the Cercle de l’Industrie, and eventually became its vice-president. From there he was appointed Minister of Economics and became a major force, if not the major force, behind France’ s deregulation and privatization programs. After becoming the head of the IMF, one of the first things Strauss-Kahn warned about was the danger of getting swept up in the rush to “regulate all and everything”. Strauss-Kahn actually referred to himself as a “free market socialist”. If that’s not an oxymoron, then what is? When the neoliberals chose Strauss-Kahn for the IMF post, they were quite familiar with the kind of animal they had hired.
The rapy kind of animal to be specific. He deregulated France to give advantange to specific well-positioned cronies. But none of us are in a free market as there is a monopoly on forms of money, and the creation of it.
dow is rollin over, so far
wmt may change the direction
These are the moments that you have to believe the market will go up to make money. Hard to make money without some risk of losing..
paulson must feel like a dumb ass
no way.
Looks like the market will continue lower. This is going to be a long summer. Bye bye WNR.
been booking profits at record cracks for half Q2..Im not leaving yet!!..crack still over 25..long the WNR!
This may take a while. I’m thinking the market does not trust these crack spreads to continue.