First I want to tell you that when I type in the phrase The PPT it auto-links to the product page. My IT chief fixed that up. I’m not here whoring for new business. Secondly, iBankCoin is not venture capital funded and I couldn’t care less about getting new members for my algorithms, since it represents a minute part of my overall income. Unlike most of my competitors, I have my own money and do not depend on anyone but myself.
Having said that, I cannot trade with The PPT and offer you looks behind the paid wall, not necessarily to lure you into out inner-sanctum, but instead of show you what I am proud of. Think of these posts like a father showing pictures of his son hitting a grand slam in the world series and fondling a famous actress at the same time (no Rick Ross).
Since late 2011, this market has been going straight up. From 2009-2011, The PPT would regularly post Hybrid Oversold signals, which gave me an incredible edge in the markets, considering their extreme accuracy. But something changed in late 2011. Perhaps it was QE, POMO and Ben’s beard. Volatility compressed and stocks took a methodical ride higher, until now.
After the close of trade, the very first Hybrid Oversold signal was registered by my algorithms. The score hasn’t been this low since November of 2011. The result should be sublime. However, the process, as always, is scary and nerve-racking.
Nonetheless, I must adhere to this signal. I may not go on a buying spree tomorrow, but soon.
Here is a brief look at some of the previous OS signals and results.
Thursday has a massive POMO purchase…In Nov 2011 we were getting Draghi and his LTRO stuff, I believe, we don’t have a catalyst like that.
We will.
#urinalshadows
I would kill for a big down open tomorrow….but its not going to happen. We will open up .8%.
This selloff has a fucked up feel to it. After blowing out the plebs again with the retarded yield trade. Exactly who is gonna buy the rip? How many times will they pony up? Fucking AAPL should have done it last year.
The epic implosion of the BRIC bullshit is just another example of fucking robbery. At least the pleb has not stopped being the sucker yet.
There was just too much volume in the top of Bonds (TLT) and not enough below. A small little fluctuation and there are a crapload of bag holders underwater, and no past history of buyers and sellers at price levels anywhere near by. Just some minor stop loss turns into a rapid selloff especially when the “risk free trade” was heavily margined.
That Bond selloff and high yield stock selloff causes mutual funds to raise cash and the losses cause some people to exit the funds resulting in cash shortages, more selling, and spillage into other markets….
notice the negativity in your comments? Well imagine how a money manager feels and times it by 100. They will sell to make the pain go away. When they do ,we bounce.
Agreed. Possibly the ignorance of the plebs is so great they will not sell the rip. They must do it at some point. How else can they buy the top later?
I think treasuries are showing early signs of a rising interest rate environment.
I don’t think that is negative… I dont believe that yields to declines once all the confusion sorts out.
It is certainly possible the forced selling has mostly happened already… For now anyway. At some point the margin Liquidation can be bought for a decent gain.
The other thing to realize down the road…. A 20% sell off in bond markets is something like $20T. Some of it disappears via debt contraction/margin liquidation, but still…. That is closer to 40% of the market cap of stocks. If we return to the same amount of leverage before the selloff and that capital all rotates into stocks?
Big opportunity at some point.
The volume $120+ on TLT is huge compared to $90-120. The volume on gold above $1500 was huge compared to the volume below.
This is the nature of top heavy markets that makes temporary tops and quick declines.
*I don’t believe that *rising* yields **lead** to declines.
ACK! My A game is asleep
Nice to see it!
Any of you think mortgage rates will go back to 4% again? Need to do a cash out refi, but sat on my ass while it was at 3.5% and now it’s around 4.5%…
Economists don’t consider that people notice trends. People recognize that in a downtrend of interest rates there is opportunity cost to a loan. The appearance was that the rates will be half a percent lower in 6 months and causes them to sit like OG here.
The interest rates finally start trending higher or squeezing higher and every OG rushes out to refi or buy a house while they can still lock in a low rate.
This will create the start of buying pressure that pushes up prices, and now those sitting on buying a house until market started up ticking jump in as well.
At the very least… The early stages of the uptrend in housing and interest rates is peaking its head out.
My novice observation-
In my area higher housing prices have brought out sellers. It seems pretty clear that many have been inclined to sell for several years, but would not do it until certain prices are reached.
Unless they were being “puked out”, the best properties around here did not sell during the crash because the owners declined to put them on the market at those prices.
Right now the worst low end properties (that had been languishing) are gamely being offered at higher prices. A mold ridden property with a broken foundation sold in about three weeks here.
Low price end buyers now need to determine if they would like to buy junk to get in, chasing the market
I am one with great remorse over not buying a house a couple years ago. I had rational and good reasons for not doing so, but it is now awful watching the happy people on the train, that departed the station without me.
Chanos!! Chanos!! Chanos!!
hey! all clear sounded…but will the selling continue until morale improves?
CBMX this little turd exploded today..bought it on a very slight mention by King Fly…thank you
“Think of these posts like a father showing pictures of his son hitting a grand slam in the world series and fondling a famous actress at the same time (no Rick Ross).”
bahahahah! funniest line ever written anywhere. Period!
LMFAO!!
bye