TRADERS ANONYMOUS: Morning Audibles 9.23.10

Morning Audibles 9.23.10

Yesterday, somehow some malicious software got itself into my computer operating system so I had to go the NUCLEAR OPTION route and reformat my hard drive...

That's why I'm kind of out of pocket here as I'm re-assembling the pieces... Be back soon...

CV

256 comments:

«Oldest ‹Older 201 – 256 of 256 Newer› Newest»

McFearless said...: left, that was a nice intraday short you put on today, i wasn't ready to make that trade but it's greeny clearly.; September 23, 2010 at 3:45 PM
I-Man said...: Well, my YM completion target just got hit... should be a covering fest into the close.; September 23, 2010 at 3:45 PM
Leftback said...: POMOs only affect the Treasury markets directly. Their effects on other markets are delayed and diffused.

A POMO is actually bond positive and initially equity negative as everyone wants to front run the Fed entry to the Treasury market.

I agree that EUR weakness, USD and JPY firmness can continue here.; September 23, 2010 at 3:45 PM
CV said...: @McF

There isn't as much volume as I'd like to see...

So I'd agree with you...; September 23, 2010 at 3:46 PM
McFearless said...: lefty, the claims about POMO have been, without a doubt, that money then is used to lever up into stocks, Zero Hedge started the love affair with the POMO and they were the first to make the claims

I'll go back and map but I believe the results have been just as choppy in bond during pomo's

the real questiona bout this in my mind is when does all the settlement take place for this?

do they have special rules?....nobody knows but "them"; September 23, 2010 at 3:48 PM
CV said...: Lately, SPX seems to like to leave GAPS at these important FIBO numbers...

It could happen tomorrow as 1121 is one of them...; September 23, 2010 at 3:48 PM
McFearless said...: and yes, who is going to hold anything going into the weekend?; September 23, 2010 at 3:49 PM
McFearless said...: guys, look at the transports

there is major trouble in dow theory land right now; September 23, 2010 at 3:52 PM
McFearless said...: is that a warning for a big red body like lefty just brought up?; September 23, 2010 at 3:53 PM
Leftback said...: Very weak covering, not many shorts operating...
Or just big ones with massive balls.; September 23, 2010 at 3:55 PM
I-Man said...: Karen's going to be pissed she missed this...; September 23, 2010 at 3:56 PM
Leftback said...: LB's best guess for tomorrow.

Nasty durables data. Elevator down at the open to 1110-1115, then after new homes, we have a slide into the KT area (1097-1105) by noon.

Game over, shorts cover and go home and in comes the cavalry at the close, or on Monday.; September 23, 2010 at 3:59 PM
Leftback said...: "Karen's going to be pissed she missed this..."

According to her own admission she should be in complete ecstasy.
Market below 1127.

Wonder if that's allowed at John Wayne Airport?; September 23, 2010 at 4:00 PM
Leftback said...: A look at credit suggests this is a correction and not a meltdown.
HY was fairly solid today.

Momos to return on Monday or Tuesday.; September 23, 2010 at 4:03 PM
72bat said...: kd charts his rules for parabolic blow-off's, e.g., aapl, csco; September 23, 2010 at 4:07 PM
McFearless said...: this may simply be some sort of B wave up in TLT, with a C down still to come.; September 23, 2010 at 4:10 PM
Leftback said...: No late buying of Ts to speak of. Might see a bit of that overnight if the Asian and European markets sell off.; September 23, 2010 at 4:10 PM
BinT said...: Lefty,

Last week you mentioned that you were long equities...I assume that is no longer the case?; September 23, 2010 at 4:10 PM
CV said...: @I-Man

CV is glad u got ur 31 ticks brah...

Happy 31!

We'll declare this... ROCK CARTWRIGHT day...

http://www.dcpages.com/gallery/Washington-Redskins-vs-Philadelphia-Eagles/DSC02258.jpg.html; September 23, 2010 at 4:11 PM
McFearless said...: CV,

when do the trades show up on the rosters in fantasy?

I think this was the first trade I made through yahoo.; September 23, 2010 at 4:14 PM
CV said...: @72

Interesting chart; September 23, 2010 at 4:15 PM
72bat said...: cv -
things that make think - hmmmmm; September 23, 2010 at 4:17 PM
72bat said...: make you think; September 23, 2010 at 4:17 PM
CV said...: @McF

There's usually a 2 day wait from when the trade is accepted...

That's so people can VOTE on it (and/or the "commish" to VETO it)...

But I see no problem with the trade... (as that clause is usually only to prevent SQUAD DUMPING or collusion towards the end of the season...

If I see it's still pending on Saturday, I can manually get in there and force the roster switch - so don't worry, you'll have your roster ready by Sunday...; September 23, 2010 at 4:18 PM
Leftback said...: B in T:

Lefty is 25% long equities and is hedging his book with shorts this week. We are 10% long JNK/HYG, 10% AGG and 4% LQD. We own no Treasuries. Our plan is to exit LQD and AGG progressively on strength in bonds and to short TLT.

Roughly half of the equity exposure is single high dividend paying stocks, the rest are index ETFs like SPY, EEM etc.

So we are slightly more defensive than TWSWB but more aggressive than many at this point. Our rationale is similar to that advanced by many.

The argument is simple. The FED is pumping liquidity, yet there is no inflation. Absent a complete deflationary collapse, if markets are sideways then we will make our dividends and we are laughing. If inflation gets going, equities may also gain in value.; September 23, 2010 at 4:18 PM
McFearless said...: thanks man, figured it was fine, I think that was a pretty even trade, doubt anyone would have a problem with it.; September 23, 2010 at 4:19 PM
CV said...: My coach taught me NOT to think, but to REACT! :-P; September 23, 2010 at 4:21 PM
McFearless said...: those are interesting charts by KD

reminded me of all the calls I've seen on the boards lately about Apple or the market, terms I haven't seen since 07, like:

"there is no doubt that the market will be higher by year end"

there is always doubt

period; September 23, 2010 at 4:22 PM
CV said...: Yeah... more of a window dressing trade...

not really a blockbuster...; September 23, 2010 at 4:22 PM
CV said...: "AAPL going to 300" = "Crude going to 200"; September 23, 2010 at 4:23 PM
I-Man said...: @ CV

Thx, man! Loved me some Cartwright... he was always the one to turn in a good hard bruising run to pull skins fans back from utter devastation the past few years it seems.

I'll always love Rock Cartwright for that.

Hopefully Donny Mac will keep our chin up on offense now, and we wont need that anymore.

Gotta go pack for the wknd excursion down to the jungles of socal...

Thx again for all the bday wishes, and catch yall on monday, enjoy the games.

Remember, Arkansas over Bama in a thriller...

-I; September 23, 2010 at 4:25 PM
McFearless said...: I'm thinking about starting McNabb this week, he's got a good match-up.; September 23, 2010 at 4:26 PM
McFearless said...: have a fun trip I.; September 23, 2010 at 4:26 PM
BinT said...: That was succinct and lucid, Lefty.

..What happened?; September 23, 2010 at 4:26 PM
mcHAPPY said...: I'm totally confused right now.

I still very much like the leading diagonal off April 26th. It fits all the criteria and there are some Fibo connections in the charts since then.

I still think we are in minor 2 working on minute iv of C or finishing up Y of a triple of some sort.; September 23, 2010 at 4:30 PM
CV said...: CV is going to make an EARLY prognostication for Sunday's games...

In week 4 (next week), the teams with a BYE are:

Minnesota
Tampa Bay
Kansas City
Dallas

Teams "going in" to a BYE week often play well (because it's hateful to sit out two weeks after losing)...

Both Dallas & Minny were considered PLAYOFF teams that ended up starting the season 0-2...

Look for them to play their asses off...

KC started 2-0, but has to play SF (who started 0-2)... Normally, SF would "blow them out", but it may end up being tight... I'll lean towards SF winning...

Tampa plays Pittsburgh (who is VERY FORTUNATE to have started 2-0) and is on it's 3rd QB of the season before Big Ben comes back...

The Steelers may be "looking past" this game to the Ravens next week...

Tampa Bay OVER the Steelers may be the upset of the week...; September 23, 2010 at 4:30 PM
72bat said...: i -
enjoy socal, surf'n'surfer girls; September 23, 2010 at 4:31 PM
McFearless said...: CV,

I think MINN is gonna kill it this week, look for my TE to have a TD, or two.; September 23, 2010 at 4:32 PM
Leftback said...: "That was succinct and lucid, Lefty.
..What happened?"

LOL !!!; September 23, 2010 at 4:34 PM
karen said...: i'm back.. missed a little downer, I guess..; September 23, 2010 at 4:37 PM
Leftback said...: Karen !

Was it good for you too, angel?; September 23, 2010 at 4:40 PM
CV said...: @McF

Yeah - I'd look for Mr. "put my wanker on facebook" to have a good week... :-); September 23, 2010 at 4:42 PM
McFearless said...: he did that?

must have missed, plus I don't have facebook

I also just found out via Barry that you can actually break your wanker; September 23, 2010 at 4:43 PM
CV said...: @McF

http://deadspin.com/5104415/visanthe-shiancoe-becomes-a-big-bright-shining-star; September 23, 2010 at 4:45 PM
CV said...: It wasn't facebook... it was a locker room slip; September 23, 2010 at 4:45 PM
karen said...: the only candle i really like so far is that of $bkx.. $sox was actually up! and take a look at $rlx!!! i can smile at GS as well.; September 23, 2010 at 4:46 PM
McFearless said...: doesn't seem like the market gave bears too much to be excited about today karen

there are a few things here and there, but I can find something that says we have to go higher for each of those.; September 23, 2010 at 4:48 PM
CV said...: @McF @karen

I still say we print a little lower tomorrow...

I'll put up an AH "screen shot" here in a minute to illustrate why...

But you're right... SPY volume ought to have been heavier...; September 23, 2010 at 4:50 PM
CV said...: It's a little noisy, but here goes...

new chart in thread

You have to understand a couple of things...

- The ganns from the top were done from high prints (it's hard to see in the snapshot

- Today's AH print (at 4:04) went to a 50% retrace from Tuesday's high to todays open... Giving it a POTENTIAL look of an ABC down...

- The extension to that (at 423.8%) would take you right down to where the rally began (back at 1040)...

- This gives it the "look" that we might be on day 4 of a little "throwover" (and that the apex of that wedge would take us back down around 1097...

However, a case could also be made that we're concluding the "correction" off a different gann line... So it's hard to say...

The fact that UPPER numbers were printed in the AH, though, leads me to think we might be going lower... The OPPOSITE is usually the case when we go higher (and you can see many of those instances in the yellow areas during the rally)...

So my WILD GUESS is that we get some "surprise surprise" bad news in Asia or Europe overnight...

My 2 cents...; September 23, 2010 at 5:17 PM
AmenRa said...: Lo siento. Will be late again (obviously). It's just one of those type of weeks.; September 23, 2010 at 5:33 PM
Nic said...: Sorry not around much. My grandmother died today so I am a bit moody.

Gold 98% bulls and "it REALLY is different this time" "no more significant corrections" ... plse ...
http://goldtent.net/wp_gold/2010/09/23/no-more-significant-corrections-for-gold-for-a-lonnnnng-time/; September 23, 2010 at 6:42 PM
AmenRa said...: Nic

My condolences to you and your family.; September 23, 2010 at 7:32 PM
CV said...: sorry nic :-(; September 23, 2010 at 9:30 PM
karen said...: Nic, You have my sympathy as well : (
I can't take much more sadness.. but let it give us perspective and appreciation.; September 23, 2010 at 9:44 PM
Bruce in Tennessee said...: Actually I think change is coming...

There were only 39 signatures on the Constitution...

Goodnight..; September 23, 2010 at 10:46 PM
72bat said...: nic -

your gran will live long in your heart and will always be in there for you.; September 23, 2010 at 11:23 PM

«Oldest ‹Older 201 – 256 of 256 Newer› Newest»

Disclosure/Warning

This blog should not be interpreted as investment advice of any kind. The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind. The authors may or may not trade in the markets discussed. The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.

TRADERS ANONYMOUS

Morning Audibles 9.23.10

256 comments:

Post a Comment

Disclosure/Warning

Fictional Character Quote of the Day:

About this Blog

Blog Archive

Search This Blog

AT's Wave Symbology