This market is being led by the nose, based upon the whims of the Yen. Track it on your low end monitors via FXY. For the more sophisticated bunch, watch your bloomies, ever so closely.
Should the Yen go negative, I believe the market will “rock and roll” higher. With new money, I would add to tech here, as it is the strongest intra-day. Ahead of the pending, and expected, earnings shortfall from AA, investors are hesitant about adding to basic materials. Naturally, basing anything around AA is stupid; but it is what it is.
Top picks: CIEN, NVDA
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Da Flea …. hath spoken, thus, shall it be.
Prepare accordingly.
Hath it shall. Come hither, yonder, art thou hadn’t shadn’t
no-pan shabu shabu
Shabu-shabu — isn’t that Japanese boiled rib eye sliced about 2mm thick?
http://www.euromoney.com/Article/1005671/BackIssue/50113/MoF-fries-in-no-pan-shabu-shabu.html?Type=BackIssueArticle&ArticleId=1005671&ID=50113&p=1
Yes were turning Japanese….turning Japanese…I really think so…..my article from last Thursday http://www.ibankcoin.com/peanut_gallery/index.php/2010/07/09/nymph%e2%80%99s-look-at-next-week%e2%80%a6-turning-japanese/
btw the bad Japan election was priced into bonds last week, but with all the cat fighting that should be coming we could get a weaker Nikkii
Nympho,
Getting a bit risque with the turning Japanese reference.
It’s the song….lol
I know.
You should see her in the swan dress.
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Stop! No, wait – continue.
lol……black swan…
PPT speaka the trurh almost there… Are shall we test the veery very ob score @3.30
Fly
A couple of buddies in the materials business have told me a number of times that they think management at AA sucks big time.
They’re pretty good at assessing shit like that, so maybe if AA comes out with a bad report it may be more indicative of a shitty management than anything else. Perhaps.
of course
listen j, I own a private machine shop. When I need billet aluminum I buy it, end of story. Almost every piece of every size has Alcoa stamped on it. If AA’s numbers are not high then it is because of demand not poor management, they have idled half their plants for gods sake. Every man I know that also owns a machine shop buys whatever metal they need when they need it, none of us have EVER been told from our suppliers “we don’t have it” or “we are out of all aluminum because of such high demand” or some shit. it is a demand issue…..
carry on.
AA management sucks ass. When they split the HQ between Pittsburgh and NY they jumped the shark. Nobody knows what the fuck is going on. They polluted the USA now they are doing the same to Jamaica and T&T.
C’mon, they’ve been pulling bauxite out of Jamaica since they started making rum there… well before AA showed up….
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PPT almost there… if Yen closes flatish and market slightly up we might get that crucial reading
that is likely. However, there is usually a 1-3 day delay in prompt and definitive sell off.
What ? You have a time machine?
Duh! Of course he does….fully equipped with a twin-turbo flux capacitor, no less.
In case one fails, or runs out of deuterium.
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When will you sell CIEN? Before the sell off of the market?
TIME MACHINE CALL: PPT > 3.0 (tomorrow AM) + weak earnings (all week) + poor jobs report (Thurs AM) = big selloff (this Thurs PM) and continued fall to S&P 950 (by 8/6.) Bank coin on it.
I predict exactly the opposite, except for the Hybrid call.
059 by June 8th?
Doomsayer!
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The last time AA met or exceeded earnings expectations was in 1959 when it joined the DIA.
About the same time I was cheering on Luis Aparicio and Nellie Fox and the rest of the Go Go Sox to beat the Dodgers in the 1959 World Series (Dodgers won).
So if AA beats, the White Sox are toast.
The White Sox are toast anyway
Doesn’t that mean you are in violation of the maximum age requirement of this site?
Not in time machine years.
HA!!
Bought some TWM. 75% cash.
Right now there is a coordinated assault on the british pound, at the hands of its own government.
The old currency correlations may start to break down here.
It may be time to rely on TLT and VXX, as much as FXY.
I’d ignore tracking the FXF swiss franc , however. It has managed to decouple from everything.
Every government wants it’s currency weaker. It’s a race to see who can screw up their country, without really screwing up their country.
Treu, in a mere 500 years, the pound has gone from meaning a pound of silver to a pound of schite.
And the dollar has gone to “pound sand.”
___________
Bernanke is worst Fed Chairman ever…
http://www.thedailybeast.com/blogs-and-stories/2010-07-11/reagan-budget-guru-david-stockman-on-obamas-shoddy-economic-team/full/
Ill respect Bernanke again when he does 2 things
1. Cut rates BELOW zero, where they belong. Its the only way we avoid a deflationary collapse.
2. Encourages the SEC to shut down a certain rumor spreading blog. I wont say who it is, but it rhymes with “Xero Medge”.
Although B. may not be able to cut short term rates, he can cut long term rates by simply limiting the interest rates on, e.g., 3 year or 10 year treasuries. This would, in effect cut mortgage rates by 1-3%, no doubt they have the formula for that, and the market goes…..?
Rates are not the problem. Prices are.
Is there a link to that article without the GE crap all over it?
With a Greek Auction and the european ZEW data tonight….it could get really wild.
Not to give away premium content… but I’m really confused by the PPT today. It was nearly at 3.1 earlier and then a few minutes later was sub 2.9 with little difference in the price action of the market. Can anyone chime in?
…TIME (volatility)…
Dude, it never went to 3.1 or did it? I saw it at sub 2.8 whole day long. I wish there was some way to verify.
3.06 was the HOD at noon, but it dropped pretty quickly after that.
You should be getting e-mail alerts on the hour, btw, if you are a distinguished gentleman.
Worth the price of the whole kaboodle, IMO.
__
Thanks Jake!
dont b a pussy
buy some shit
NDX to 1900… and more…
Staying short GRMN from last Friday. I want to see it down between $27-28, OR LESS.
This is what the market has done today from my vantage point.
Do not worry or question how the ppt operates. It is none of your concern
It’s just simply a psychic octopus isn’t it?
Eggsactly. Just provide the mussels in the red or green boxes.
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Today’s market put me to sleep.
Sold the rest of the APC I purchased last week for $46.70 a share, from the $36 range. I unloaded the other half last week around $41 or $42. Still holding my intial two rounds of purchases.
Nice trade. It appears you are ahead in our Gentleman’s wager for the race between FST and APC to quarter’s end (from EOD 6/8/10), on an absolute price scale. I liked your move purchasing it again at the nadir.
AA beat earnings…WOW…up +400 tomm
Will Jake will add aluminum to his portfolio of crazy, clinking, clanking collections of collateral?
Inquiring minds would like to know.
Emphatically, no.
I don’t want anyone out there collecting RC cans, fer Christmas sakes.
_________
How about Moon Pies to go with the RC?
I onry obey renminbi mastah.
Yen fo foors.
Fry is gord.
wtf is with the 17M volume in the last tick of the day?
told you so
well dont just sit there
http://www.youtube.com/watch?v=xy4FXhkm6Nw&a=ipXfZ-UeHfY&playnext_from=ML
And when you’re done with that, roll with this:
http://www.youtube.com/watch?v=Z3ZAGBL6UBA
Limbaugh bailing on Neuva York, can M. Le Fly be far behind?
Will the last millionaire to leave, please shut the lights….?
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Latest Post – The Bull Continues! Speculating where the Market is going in the next 72 hours or so and why – http://www.ibankcoin.com/peanut_gallery/index.php/2010/07/12/the-bull-continues/
i did manage to get full posistion on my FAS @22.22 with the ALCOA news..i will pile on @23.67 and might shove @ 25.00..im looking for 40
made “the switch”
Pound is 1£ to $1.50 maybe the british are punishing us.
I take that back. .99£ to $1.50 yeah i think big ben’ bangin bling right now. Im not sure if we will be a chinse shelf or a british shelf.
http://www.thedailybeast.com/blogs-and-stories/2010-07-11/reagan-budget-guru-david-stockman-on-obamas-shoddy-economic-team/full/
BP capped the well.
Testing. Developing…..
This could be big. Volume has been low as heck right now if we can see a big rally on big volume tommorrow this could be the event that allows bulls to take control.
Turning Japanese…Ok, Ok….Japanese Bond yields dropping so USD/JPY dropping….so is shanghai comp and Shanghai copper futures……
Just wanted to say “Enjoyed the article re: Turning Japanese…”
I always watch YEN for signs….seems the latest one is Slippery when wet
eur/usd testing resistance per Jamie at live of Dec trendline at 1.2677..thanxs…strange morning, making me question everything…amature hour and resistance retest….hate them both.
You seem to have everything covered, save sentiment.
Have you studied that aspect of the market?
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sometimes u just know
yen seems to b at res.
quick shake out in us equities,
YO
hey fly whats wrong with apple,
its falling like a bag of rocks
Rumors of iPhone 4 recall
you know it was the top date…http://ibankcoin.com/king_of_the_pg/2010/06/22/apple-for-my-teacher/
thank you very much 🙂 🙂
so buy rimm for a quick one then?