Thank the Lord Belgium nationalized Dexia. That was a close one. Now that Dexia is out of the way, we can can all chew on cocaine leaves and bid up stocks until our faces are numb. Despite my VXX hedge, I am up 0.5% this morning, thanks to the runs in TCK, WNR, CVI, GSVC and TCK. However, on the nose of Santa Claus himself, I do not expect this rally will continue for too much longer.
Having said that, I did warn you of an 8% October melt up, remember? We were down since April and due for an oversold spike, regardless of the news. The market ebbs and flows to the emotions of people. Let me remind you once again: should you find yourself short stocks in November, you best hedge them with longs because being short stocks into Thanksgiving is always a money losing endeavor.
I haven’t been sucking on helium balloons just yet and realize we are still in October. Do not worry, I do not have a 30lb turkey in the oven and chestnuts roasting on an open fire. Halloween is around the corner, a reminder of sorts to limit short exposure. Nevertheless, I will have no choice but to reduce my long positions into this cocaine tornado.
As an aside, my little floater, JVA, is performing admirably.
VXX Nightmare II?
The sequels are rarely as good, unless you are talking about Godfather II.
aw man,wish i didnt have to paint the side of the garage today,this is gonna be good.
I and god hate socialist.
Stroke over the weekend?
_______
I wonder if Rick Ross does private parties?
$JVA!
euro short squeeze can carry to 1.42. Korean school boys are getting out late.
I am only 25% invested and yet this is one of the most profitable days ive had in a while. All of my internation ETFs have gone complete apeshit.
A Staten Island coffee company??!?? that could be big.
My Spidy sense tells me to start buying some SDS here…. (not to be confused with FDS which Mary Jane is in dire need of)
Your headline should read GOD BLESS QE3. Because that is basically what we got last night from Europe.
At this rate we are going to finish up 5% today.
JVA performing great! Thank you Sir Fly!
sufficient gov’t intervention can certainly cause a big old rally.
if Europe does something smart… we could be off and running.
Thank the Lord Belgium nationalized Dexia.
____________
Okay…
Thank you Lord Belgium!
___________
An HFT Monday rally…enjoy it while you can…we’ll be shutting down the VAX machines by 12 Noon.
All this News from Europe was known in the Asian Session last night and Shanghai Closed DOWN after a week being off. Their India/China spot Ore prices are DOWN after being off for a week when we had a mega rally. This Coke rally with Canada and CME closed for holiday is one of the reasons why I hate the first hours of trading. Yes, Fly and Jake called this perfect…they are very good at have the pulse of this. But World, Europe is soooo totally screwed if China Slows, and at this point, coming off of Golden Week they are sooooo slowing. This rally is so lame.
NymPh,
China must have stopped buying commodities in the last 25 days bec Vancouver port traffic has literally disappeared in the last five days.
1-3 ships from an average 9; even the slOwest days of the last three years never saw less than four ships
And no one is trading FXI 20 Jan puts today despite the underly
That’s because the China market is full of retards.
Major gold stocks ABX,GG,NEM,GDX etf looks like a very nice short.
Don’t stay too long TC. Blees rating off the chart.
_____
MACD is about to cross on gold futures, LONG. fyi. Stoch.’s a confirm.
Constant bid under this market, Operation Twist indeed.
Unusual that there is no ebb and flow.
Now let’s see if some giant hedge fund who has control over some news source dick wadd gets a rumor out about the big scary something, around
2:50 pm today and knifes a hole in the big balloon. The scumbags on cnbc will start honking it out like geese. Let’s see if it happens again.
(no offense to anyone names dick wadds)
It is a shame that a hard working immigrant from Lebanon can come to this site ONLY to be insulted upon his first reading!
Pah! Pah!
(wipes left shoe on you three times, storms off)
____________
We close below the 50 SMA on spy
The waft of performance anxiety is in the air.
Today has the potential to break the 4% range.
3% up in the morning, 6% down in the afternoon after the Euros go home???
HFT, Eur/USD is testing Aug/Oct fibo resistance at 1.3681. This is a rather stupid rally imho.
Me luv you long time TZA @ 42.30
Cocaine Tornado LMFAO!!!