Yen down, Euro up, Treasuries down, oil up and BP tame equals a higher stock market.
For client accounts, I closed flat, as my newly formed VXX position negated my long directional bets. However, in my personal accounts, which are far more aggressive, I made stellar gains, as I reversed my FAZ position and went long TNA. Additionally, I bought a sizable position in STI, for personal gain only.
All in all, today was a solid rebound day. It’s also worth noting, The PPT called it again. However, despite today’s run, I am 20% hedged in VXX.
Good day to all of you.
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fig
The Zombie… where ARE you? Please, please save us. Please?
Tim Knight swats “the fly” and doesn’t constantly shill a baby game automated trading website like fly does.
No of course not, he just bans anyone who disagrees with his uber bear view. Good day sir.
Tim Knight used to post his results. Then the loser barely made money during the epic collapse he waited for all his life, then got absolutely poleaxed as the market ripped the “world is ending crowd” a new asshole going the other way. Since then, he pulled his results from his page, and turned it into a guest blog thing, where a bunch of permatards stroke each other while refusing to consider the other side of the trade. Plus he’s an arrogant ass to boot. Fuck off, Tim.
Popular dance tune down here.
fig.
I numba won?
U dumba S
V.King
Yes V.King
Thought this was interesting.
Some hedge fund guy bought all of Europe’s cocoa supply, took delivery, and put it in a warehouse.
So I figured that if there was a cocoa etf (or etn) that it must be on fire.
Guess I was wrong and shows strange some of these commodity etfs (or etns ) are these days.
http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches.aspx?post=1783519>1=33002
http://etfdb.com/etf/NIB/
Wonder what would happen if Fly purchased all of Cuba’s sugar production?
Hey Trader that was an interesting article….this morning around 6:30 am…
http://www.examiner.com/x-55371-Tampa-Gulf-Oil-Spill-Examiner~y2010m7d19-Florida-oil-spill-Update-Gulf-oil-spill-sea-floor-leak-now-confirmed
Media blackout? That’s hogwash. Where’s J when you need him?
oompa loompa! short hersheys?
http://www.minyanville.com/businessmarkets/articles/cocoa-markets-armajaro-holdings-armajaro-cocoa/7/19/2010/id/29219?camp=syndication&medium=portals&from=yahoo
I don’t know if I would base any decisions off of a comparison between the Hunt Bros. and Anthony “Choc Finger” Ward. The Hunt Bros went big and failed big while Ward’s Armajaro Holdings has already accomplished this once. Corners have worked in the past so there’s no reason to think that they can’t work in the present or future.
looking at the dead cat bounce and its not impressive..along with futures tanking right now … another 200 point down tomorrow might be in order….so i might short a little in after hours
we haven’t gotten the test of support yet, came close today but nope not yet. All the analyst think Canada will raise rates tomorrow…could get our test of support if they are wrong.
could get? why ? is the loon a concern?
but just to make sure we are on the same page im not looking at currency futures..or pork belly futures
Everything is connected and the F/X market is the big dog with global equities it’s tail that they wag….Loonie and RBA minutes tonight could either boost the risk on plays or spook all those that are trying to take eur/usd up to 1.3100. Market likes to retest to build strenght if it wants to take our resistance….in many cases.
i beleave the euro goes back to or around 1.55..the loon ..well will always be irrelevant in my opinion..and im not into the whole currency exchange thing..although the euro did pose a serious problem .. sneaky fuckers mind you
Fly, I have been thinking about the Matrix Metaphore all day on your other blog. As one that is soooo out of it, I realize that I have to learn to tap into it ala Trinity or Neo….really hard to make that cross cuz I keep wanting everyone to wake up and see the Matrix for what it is…..great metaphore….and I must realize that they don’t see it and never will…., it really makes total sense.
is THE FLY hiding important stuff from me
What other blog????
I assume the blog in the PPT
That’s where I looked first, but I’m new and figured I wasn’t looking in the right place, I think she’s referring to a previous date on this page
http://ibankcoin.com/flyblog/2010/07/19/faith-and-sandwhiches/ was the blog…he refered to bears not being in the Matrix and just got me thinking about that metaphore…..sort of cool.
im glad i did stay in the matrix tonight
Trading nymph,
With all due respect, you have terrible spelling and grammar and your writing is somewhat dissonant. Not expected from such an intelligent/motivated/opinionated person.
One has to wonder what is going on in that head of yours.
ZING!
Howie…I have always had the problem, totally word blind and lazy in my proof reading skills. I can give you the names of law professors that still shake theirs heads in the disconnect of abilities….if I slow down and actually reread before I post I guess it would be better…maybe not….it’s just me…
Baby game.
The ppt is the mosy comprehensive and accurate investment tool offered to retail. You truly have no idea what you speak of
http://www.youtube.com/watch?v=eAaQNACwaLw&feature=player_embedded
If the market sells off in the morning but climbs back to rally by the close then I will have some faith in its ability to get some mojo back in the short term.
Give me fifty points a day for awhile followed by a big push after the euro stress test.
Both earnings and outlooks are not bad… The market is just confused at the moment (happens all the time)
the price of stocks will decline due to lack of interest…when futures trading becomes easily accessible by the masses in the 4th quarter
There is no doubt that oil is going to go up and it will stay going up until there is another alternative or demand drops by about 20% worldwide. I don’t anticipate either of those happening barring something on the order of commercially viable fusion or an event of apocalyptic and Biblical proportion…..Therefore……oil is going up. The line about bringing 5MM barrels on line each year from new sources just to keep things flat pretty much tells the whole story.
http://finance.yahoo.com/news/6Year-Decline-Rates-For-twst-3581582587.html?x=0&.v=1
PREPARE FOR HYPERINFLATION!!!
http://www.cnbc.com/id/38313367
Go ahead…say “metaphore” one more time…
I hope that’s not going to be contagious. Even metaphore [sic] grates my nerves.
Hyperinflation…your joking right?
Credit expansion is over, household balance sheet repair is in process. Interest rates are on the floor, consumers do not want to borrow, even if banks wanted to the lend their is no one to lend to.
How do you get h-inflation without credit expansion/ consumer spending growth
The Federal Reserve is more than willing to accept cash for treasuries. They rein in credit vis a vis GSE and MBS purchases to push rates lower, in addition to providing interest on excess reserves. They are contracting credit, look at money supply.
The problems in Europe remain in my opinion as countries with strong balance sheets go to austerity and in effect tighten the grip on weak export-centric Euro currency based countries. As the Euro appreciates the weak exporters will face difficulties as a result of a centralized monetary policy independent from fiscal authoritative measures.
HONG KONG LIFTING THE FUCK OFF!!
What? Is someone cornering the rice market now?
This market is wierd…..and gay.
I think we could see some decoupling of correlation trades as a result of the yuan de-pegging from the dollar. That would give an explanation of UST up, Euro up, and USD down. From what I’ve read, they will continue to track the Euro. On top of downgrading the US credit risk by their bullshit credit rating agency, what are they fucking thinking? We pose a greater credit risk compared to Europe? Thinking back to the Geithner G-20 party and news headline pressure we put on China at that time concerning currency manipulation, they should be viewed as compliant with our wishes of trade equality.
The conclusion is thus, repatriation of inflation and a possible balance of US trade as a result of lower valued currency (on a longer timeline).
1:48 am… The City Sleeps…
http://www.youtube.com/watch?v=3KB54p8_wh8&feature=related
MC 900 Ft Jesus
recipe for green .. qqqq -1.6%..
housing data coming in 8 minutes..
lol, and ur wrong once again hahahahahah