Yen up, treasuries up, Euro down and oil down: not a very good combination for a market rally. But, the metals are running with their fucking heads on fire here, with big gains out of X, CLF, FCX and TCK. Since I sold my CLF early, I will hang onto my X until the Earth cracks in half and dissipates into outer-space.
Like gravity, fears of a big market sell off are nothing more than an illusion. With solid earnings out of both MS and WFC, it would take a great deal of bearshit fuckery to melt this market down today. Stay focused and quit reading so much Zero Hedge; it’s bad for your portfolio.
With my money, I am loooooong vast amounts of EWZ and FLS, with sincere hopes of adding more donuts to my checking accounts. My VXX position, as discussed, will be added to lower. Quit asking questions.
I will sell TNA, north of $40, while dancing on bearshitter graves.
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these large swings r a traders dream
flash crash was a gift from god to me lol
Fly, You once said this stock had great potential, are you afraid of oil now?
Time to buy ATPG…….I hear the rocket engines starting!
Senior Fly….what you say makes much sense, and yet the market is telling quite a different story.
I just don’t know.
maybe everyone is just waiting on the bernanke spank. Doubt he will say anything too pessismistic.
we’ll see…i might have to pick up some hedges to hedge my hedges. I should probably just be in all cash this is a stupid fuckign situation.
fuckit just bought some $36 calls on the QQQQ’s. At least i wont get totally ape-raped if Bernanke comes out and announces a new “Dollars from Choppers” program.
sheesh
Big ups for DecisionMoose getting me into TLT a few weeks ago though…that fucker is working.
Getting FTK’d in SD…wtf?
fuckary here we come…
There is some weird shit going on in the markets. Its either fuckery, or there is some bad shit about to go down. Or it could be game playing pre-bernanke
Huggie,
I think it is bad juju.
Funny you mention the yen crosses. The 2 crosses that have been a tested market tell has been the EUR/JPY and USD/JPY. Here are 2 charts to consider and match them up against the SPX for the same period of time and you will be able to see how well they have “told’ you were the market would go.
EUR/JPY http://stock.ly/4efj0w
USD/JPY http://stock.ly/1yatyc
it’s like playing with explosive dice
Fly-
What is your thesis on your massive FLS position?
Nu-clear shit in China? Previous quarter’s earnings/valuation? Drought play? PPT? Or all of the above?
… don’t forget Time Machine as an option.
The Fly has SO many tools.
I am adding more VXX now.
FTK and SD snuggle and watch Will and Grace together. That’s how gay they are.
Love the tag team approach between Oil and Financials in the S&P.
Market profile Range- 3 days of resistance near 1090, 3 days of support around 1065 (scroll right after fullsize)
http://chart.ly/mh8476
In layman’s terms–Best shorts are taken at ES 1090 and above, or go long at 1065 and below. (in SPX futures)
Frankly, long or short entries are tricky, because China has decided to go “Full Madoff” on the copper market. At this rate, their entire country will be a giant empty shopping mall by 2015.
http://www.youtube.com/watch?v=9niiIqzYeWI
Watching the Rays-Orioles game on the tube now and if there are more than 5,000 people at the game in Baltimore I would be shocked.
LMLP will be $3.40