TRADERS ANONYMOUS: Morning Audibles 10.12.10

Morning Audibles 10.12.10

I was awake at about 4AM this morning and the futures were all the way down at 1152... I'd been waiting to use this song, if and when the market EVER went down (so it's basically been burning a hole in my computer hard drive)... I was starting to think we'd be on Windows 2025, or Mac OS 21 by the time it was ever needed...

Of course, now it's 9AM, and the stick saving algos, I see, have been hard at work the past 5 hours to assure you hard working ~~Democrats~~, ~~Capitalists~~, ~~Obama Supporters~~, ~~Americans~~, morons out there who pour every last cent of your ~~hard earned~~, ~~stolen~~, ~~saved from not paying your mortgages~~ money into risk assets (because you'd rather make money than be right)...

When are those elections? And who is this guy, and when is his "bitch" coming back?

258 comments:

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karen said...: Well, i definitely need protection. i'm quite fragile, lol..; October 12, 2010 at 2:54 PM
karen said...: some interesting ETFs listed here:

http://www.minyanville.com/investing/articles/gold-forecast-gold-prices-goldman-sachs/10/12/2010/id/30521; October 12, 2010 at 2:58 PM
karen said...: mrtopstep

[01:48:18 PM]: with every new hi comes a new seller and with every new seller come new buy stps bak & fill until they spill is our call...; October 12, 2010 at 2:58 PM
72bat said...: @ dl @ 2:43
"low and steady doses of alcohol slowed the onset of rheumatoid arthritis"
keepin' the buzz goin'.
thanks, i needed that.; October 12, 2010 at 3:01 PM
CV said...: @karen

Sooner or later - You're probably going to get me in to trying watermelon & lime juice...

I grow some watermelons on the farm u kno...

...RIGHT; October 12, 2010 at 3:05 PM
CV said...: @72

I've heard that FAST & steady doses of alcohol slow the onset of living to 60...; October 12, 2010 at 3:06 PM
72bat said...: cv -
truly.
it's the initial anesthetic effect that recommends it to me after office hours.
watermelon-lime-vodka, frou-frou, booker's neat, you name it.; October 12, 2010 at 3:13 PM
karen said...: I think it's time I mentioned that I effing hate this market.. tho i'm slightly placated by crude and gold at the moment..; October 12, 2010 at 3:13 PM
72bat said...: amend that to "analgesic effect"; October 12, 2010 at 3:14 PM
Leftback said...: "Well, i definitely need protection. i'm quite fragile, lol.."

LEFTBACK can offer some TLC, Karen, when you are fragile. From a safe distance of 3000 miles, obviously...

LB has PROTECTION from TBT right now.; October 12, 2010 at 3:17 PM
karen said...: i probably shouldn't bother mentioning that spy, dia, and qqqq volume is still low..

can't believe JCG is up nearly 3% today.. 3rd up day in a row.. went to mall last night for first time in many many many months.. armed with my 25% off card for JCG.. couldn't find one thing to buy. the Saks is closing in that mall and the Crate&Barrel is long gone..; October 12, 2010 at 3:17 PM
karen said...: intc has above avg volume..; October 12, 2010 at 3:20 PM
karen said...: bat.. whatever! it works : ); October 12, 2010 at 3:21 PM
karen said...: there goes aapl.. a new, new, new high.. oh, and spx 1170!!; October 12, 2010 at 3:22 PM
CV said...: @Amen

Hey Amen... Please soothe me by saying that there's some kind of...

"crouching cloud cover homing pigeon" formation on the DOLLAR right now...

...and don't tell me it's the QUADRULPLE EVEL KNEIVEL formation, ot the TRIPLE LINDY for dog's sake...; October 12, 2010 at 3:22 PM
CV said...: @karen

so basically... they packed up all their SAKS in CRATES & BARRELS and went home?

is that what you're telling us?; October 12, 2010 at 3:24 PM
arbitrage789 said...: Oh yes, the "crouching cloud-cover homing-pigeon" formation; October 12, 2010 at 3:25 PM
AmenRa said...: The last 5 min was to stop yesterdays down move from happening again...; October 12, 2010 at 3:26 PM
Leftback said...: Is SELL the INTEL earnings too effing obvious for words ???

Even LB wants to short this close... and I'm Mr LONG, right?

("I kno, right?"); October 12, 2010 at 3:28 PM
arbitrage789 said...: If this rally continues all the way to November 1st, I'm going to have to vote for the incumbent Democrat in my district.; October 12, 2010 at 3:28 PM
AmenRa said...: CV

Sorry. No reversal candle combos on the dollar. But there are no continuation combos either.; October 12, 2010 at 3:29 PM
Leftback said...: Closing in on LB's SPX 1175 target, here.

There have been some modest declines during earnings seasons, then it's BUY BUY BUY on "QE" due to "THE ECONOMY".; October 12, 2010 at 3:30 PM
Leftback said...: LB is looking at some overnight QID before INTC struts its stuff, JOHNNY is looking a little too keen here as we head into earnings reports....

Just a swing trade, tho, we remain long and strong... LOL.; October 12, 2010 at 3:32 PM
CV said...: @Amen

Well right now, CV is looking for the CROUCHING ANDY UNDER THE DESK formation (at 1174)...; October 12, 2010 at 3:33 PM
Leftback said...: Go on, algos.
Nail 1175, you know you want to...; October 12, 2010 at 3:36 PM
AmenRa said...: BUT the dollar is making higher lows...; October 12, 2010 at 3:36 PM
karen said...: Tepper and this guy: tradefast

hindenberg omen is now my favorite indicator (bullish)
5 minutes ago via web; October 12, 2010 at 3:37 PM
CV said...: @Amen

I see that...

It's like BUCKY "want's" to turn...; October 12, 2010 at 3:38 PM
Bucky the Talking Currency said...: Another weak bond auction and I will definitely be a lot firmer.; October 12, 2010 at 3:40 PM
karen said...: BreakingNews

Sheriff: Severed head of investigator in missing American tourist case delivered to officials in Mexico - NBC; October 12, 2010 at 3:48 PM
I-Gann said...: This is all making perfect sense...; October 12, 2010 at 3:50 PM
CV said...: @I Gann

I concur...

It's perfectly sensible to make money instead of be right...

UNTIL IT ISN'T; October 12, 2010 at 4:00 PM
CV said...: ...as long as you close those books at the end of the day...; October 12, 2010 at 4:01 PM
I-Man said...: Just having some fun bro...

You just have to smile.; October 12, 2010 at 4:01 PM
Leftback said...: Closed TBT.
Opened QID.; October 12, 2010 at 4:02 PM
I-Man said...: And closing the books at the end of the day, is where its at, from I and I vantage point.

Cant imagine doing it any other way, with all the overnight jockeying that goes on.; October 12, 2010 at 4:03 PM
CV said...: yup...

basically you need to SELL at the HOD (and buy back at 2AM)...; October 12, 2010 at 4:04 PM
CV said...: gotta go peeps... Thanks! :-); October 12, 2010 at 4:06 PM
I-Man said...: Read Ezekiel in the down time...; October 12, 2010 at 4:06 PM
I-Man said...: 1Love, CV; October 12, 2010 at 4:07 PM
karen said...: As the world's biggest semiconductor vendor, Intel's results typically offer clues as to where the sector is headed. The chip giant already confirmed fears of a slowing market when it recently cut its sales forecast.

"As usual Intel's earnings will set the trend for earnings this season," Sterne Agee analyst Vijay Rakesh said in a note.; October 12, 2010 at 4:11 PM
karen said...: Moody's Investors Service downgraded the lion's share of $4.9 billion of residential mortgage-backed securities largely made up of fixed-rate Alt-A mortgages underwritten in 2006 and 2007 and packaged by Credit Suisse Group (CS, CSGN.VX).; October 12, 2010 at 4:11 PM
karen said...: .52 on Intel.. doesnt seem to know how to trade in AH.. awaiting outlook..; October 12, 2010 at 4:16 PM
Leftback said...: INTEL BTE.... LOL.

My stops were tighter than....
Well, they were tight...; October 12, 2010 at 4:17 PM
Leftback said...: It really is going to go up every day, isn't it? Remarkable....; October 12, 2010 at 4:18 PM
I-Man said...: Its one big vert ramp, yo...; October 12, 2010 at 4:22 PM
karen said...: gotta go for now!

AR, don't slit your wrists before the wrap! : ); October 12, 2010 at 4:22 PM
I-Man said...: Not sure what to make of all the long lower wicks of these daily YM candles...

Hand off to the weak?

Karen, its your call...; October 12, 2010 at 4:23 PM
AmenRa said...: Karen

You caught me. I'm putting the blade away now.; October 12, 2010 at 4:25 PM
I-Man said...: Dont do it RA!

You got alot to live for kid...; October 12, 2010 at 4:25 PM
I-Man said...: One a these days... big ole shooting star confirmed by gap down.; October 12, 2010 at 4:26 PM
Leftback said...: Probably will lose my hedge tomorrow at the open. Still, seemed like a reasonable possibility that we would see a pull-back on INTC.

The overnight job tomorrow is JPM, can't see anyway that one doesn't come out BTE, you know Jamie likes it with a lot of lipstick..; October 12, 2010 at 4:32 PM
arbitrage789 said...: Not quite as shocked by the INTC numbers as I thought I would be.; October 12, 2010 at 4:36 PM
spoonman said...: I, for one, am shocked, shocked to find that gambling is going on here.; October 12, 2010 at 4:38 PM
arbitrage789 said...: spoonman,

we're inwestors, not gamblers.; October 12, 2010 at 4:40 PM
Leftback said...: The Bond Report 10.12.10
- by Appointment to Her Majesty "QE2"

A quiet day. The 3y auction was indifferent, hardly a surprise at these low yields. 10y tomorrow, and a morning POMO. The long end sold off a bit today, something we will see more of in the future.

Corpies: LQD -0.15%; AGG -0.10%; JNK -0.10%; HYG -0.09%;
Govies: TLT -0.99%; IEI -0.18%; TIP -0.31%
Hedgies: TBT 2.15%

We had been short the long end, and we took the profits. Tomorrow is a POMO. After that, we may get short again, we'll see.; October 12, 2010 at 4:42 PM
I-Man said...: Speculation.

A lost art.; October 12, 2010 at 4:50 PM
karen said...: Hey, there is a new thread up!; October 12, 2010 at 5:19 PM

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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.

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Morning Audibles 10.12.10

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