Let’s hit the bullet points here:
Speed – none.
USD/JPY – at its September lows.
IBB – Likely going to close at/near $303
Relative strength in momo…(NQ unch)
Oil – so poised.
Semi’s, Transports, FXI, EEM – green.
In the face of some serious disaster out there ($BOFI, $WMT, etc), I’ll admit…I’m impressed. Maybe in denial, but impressed.
In other words…I’ll stay.
If you enjoy the content at iBankCoin, please follow us on TwitterThe opportunity to secure ourselves against defeat lies in our own hands, but the opportunity of defeating the enemy is provided by the enemy himself.
lol. Picture & headline game on point.
Im betting The Fly would be willing to wheel out the guillotine, and help expedite Mr. Jenner’s decision…
Because of WMT index funds will more than likely flat-line into the new year unless something miraculous happens.
Now I’ll have to pick and chose. GPRO into Xmas, miners, we’ll see.
GPRO???? my biggest loser of the year
Until I see the one’s and two’s start going, I cannot comprehend committing capital to calls currently.
Do you really think we need speed in order to move lower? Aren’t there markets where we slowly drift lower? I know this happens with individual stocks a lot, not sure if this happens with the overall market.
Speed has been up recently. That discloses where the pressure lies. Above or below.
Interesting. Never thought of it like that.
Long usdjpy here maybe the fed saves something next week but love the break out
Long? Not sure what you mean by breakout then…
Bought puts on Ycs gosh you’re so mean jeff
Just wanted to make sure I understood. I keep scores in my mind, so I can determine sentiment.
Would love to hear your opinion on the relative underperformance by $IWM. That concerns me the most here. Lower highs and lows since last June. Some risk assets are participating in the recent rally, but many are still not.
Quality first, right? Contrast against the Dow.
I can follow your logic about staying in and am hoping you are correct. Do you have any longer term investments or if you decide to get out it would be done across all bullish plays?
My IRA is 85-90% invested. I would reduce exposure on shorter term trades first.
Thank you
USD/JPY’s got speed.
Nocturne, nice call on crude. Sold literally seconds before the report;
http://tinypic.com/r/15coxti/8
TY Steve.
Also, I was expecting a slight draw on the EIA number at 10:30 due to low imports. It seems API neglects imports. In addition, EIA estimates production whichshouls also drop. Now with this number fr API, at best we’ll get a lower build. Will likely stay short till 2:00 ish when options expire on front month contract.
As utterly crazy as it seems (and most of all to me), my models the past few days have pointed to much higher SPY over the next few weeks, comparable with some of the largest, fastest upside moves over the last 5 years. So as of today all my short-term short positions are closed, and I’m long Oct 30 UVXY 20 puts and Oct 30 SPY 210 calls …
Gotta laugh. Oil down a less than a percent off that 9 mil barrel build.
supposed to be like 3 mil, right?
report came out already? I thought data comes out tomorrow morning
Api. Eia is tomorrow.
OA opinions on shorting gold miners, long USD? Looks like we can go higher in equities but comparatively speaking seems like less meat to be had.