"Credit ratings agencies play a significant role in whether or not a company -- or a country -- falls into fiscal catastrophe. For now, they're all leaving Japan alone.
The three largest credit rating agencies have said that it's too early to decide whether the recent earthquake will lead to downgrades for Japanese sovereign debt. Fitch rates Japan AA, S&P AA-, and Moody's Aa2 and all three will remain unchanged for now."
LONDON (Reuters) - Oil was up over $2 on Thursday as tensions in Saudi Arabia and Bahrain fueled fears of further supply disruption while investors weighed the impact on energy demand from quake-hit Japan.
I also think this has to do with being down for the year. With the S&P down, Japan problems worsening and MENA problems intensifying the market implosion was probable.
A relief rally that also took TLT under 93 would be perfect from my perspective...sold some calls there as a hedge. I have so enjoyed writing covered calls on TLT these last few months, I don't want to stop now.
I have seen a lot of fear mongering from many sources (including here) regarding potential nuclear fallout from the Daiichi plant in Fukushima. Misinformation is generally bad for everyone.
I think that everyone here might enjoy this website, complete with good visuals: http://web.mit.edu/nse/
You may also find this radiation chart (on site) interesting: http://mitnse.files.wordpress.com/2011/03/0317-web-radiation.jpg
Remember that these readings were taken at the plant and radiation exposure decays at an exponential rate with distance.
gap up today is well within yesterdays range, odds are very high then it's just a pattern gap....iow, not significant. We'll want to look at breadth tonight though. Here's some ideas on when the d wave might end:
btw, considering that BAC, JPM etc etc lost money for only a handful of days last year, one might think it's important that instie distribution accelerated yesterday, it didn't trail off, it just got a lot larger.....
Re: overwriting positions/naked shorting calls on dividend equities.
There is absolutely no scientific basis for my method, but my general rule for writing calls on dividend payers is to make sure the premium is commensurate with the dividend yield over the option life. If it is not, then no option gets written.
Pitt's history in the NCAA's is to "underperform" expectations... So I'm just basing it on that...
See? CV studies charts and history too... It's a shame my interpretations of what I see aren't very popular...
On the subject of "Pitt" (or Pittsburgh - as the case may be)... Super Bowl "losers" don't have a very good track record of having a good season the following year...
Indy was an example from this past year (lost to the Saints in SB then had a mediocre 2010 campaign)... But there are many examples...
Fade the Steelers next year... That is, of course, if there actually IS an NFL season...
anyway, it needs to happen today to be perfect. okay.. so if you don't want to be long over the weekend.. do you try to get out tomorrow or tip toe to the exit today : )
I put some protection on my SLV calls, it's a tiny little position anyway, they are a few months out still, short term there are some problems on that chart but zoomed out it's still bull market, we'll see if anything breaks if it becomes more ominous.
"Unless and until D.C. politicians are willing to adopt such dramatic, controversial and (some say) draconian measures, "they might as well go home and tell us to leave the country or just print money out the wazoo to pay these bills and leave us with hyperinflation," he laments. "That seems to be the game plan."
...I ain't inviting him to my next party, that's for sure...I think I'll see if Charlie Sheen is free..this guy is no fun.
نور اگر رفت سایه پیدا نیست نقش دیوار و چشم خیره ما نقش سایه دگر نمی داننور اگر رفت سایه. ر رفت سایه پیدا نیست نقش دیوار و چشم خیره ما نقش سایه دگرنمی دان نور اگر رفت سایه پیدا نیست نقش دیوار و چشم خیره ما
Shit, 4th generation actually... I got an old picture of my great grampa with a stopwatch in his hand watching the punter warm up about 3 hrs before an Alabama game way back in the day. (Had to have been in the 30s.)
He used to clock the air time of punts before games, apparently that was his thing.
It's been clear for some time that the proposed agreement between the 50 state AG's and the banks and servicers is going to be a whitewash, a get-out-of-jail-free card, and an absolution of past sins all rolled into one. But the Calgary Herald reports comments made by Tim Geithner yesterday, which pretty much seals the deal. Geithner told the Senate Banking committee that a fraudclosure deal had to be reached quickly:
"It is very important that we try to bring this to bed as quickly as we can. I think all parties, not just the servicers, but the state AGs and the federal agencies have a strong stake in doing that. Shahien Nasiripour also reports that the state AG's have been working hand-in-glove with the Obama administration and the various regulatory agencies in crafting the deal with banks and servicers, with the administration calling it a "shock and awe" approach that would lead to a potential $30B in reduced mortgage payments...." http://dailybail.com/home/geithner-speaks-foreclosure-fraud-whitewash-agreement-coming.html
re: Tar Heel Blue, yes, though, What is up with the 'Love of Teal', in NC, as well?
great news, not: BBC Global News #Libya warns it will target all air and sea traffic in the Mediterranean in the event of a foreign military intervention
sorry to be a broken record but slv is a series of h&s within h&s.. completely fascinating.. there is a day and a half one, too.. under 33.50 it still works..
when you see complex H&S if/when they break, according to Edwards and Magee, they won't be as strong, more likely an H&S consolidation than a top/bottom when they look like that....not always though.
But way cheaper... I like your $31 (but the way things seem to be going - and what's moving the markets with a potential yen carry debacle - if events play out to see $31, I'll probably like $28 better)...
With alota the grains "limit up" here, it's kind of odd to see gold & silver doing basically nothing...
OTOH... Many of the "softs" had come quite a bit off their peaks...
I'd say it's a little like Jennifer alluded to above... "inside day" (not necessarily on a daily candle to candle comparison), but the notion of the BETA of the bounces (if you look Feb highs to this weeks lows)...
From ZH (and for all those "wondering" if there will be a QE18 or not)...
In an eerie recreation of the events that transpired during last year's flash crash, among the reasons for the spectacularly wide spreads during yesterday's dramatic yen surge (which was more than just a selloff of in the USDJPY but virtually all carry pairs as we pointed out previously) is that various brokers pulled away their entire market making in the currency. While the full list is those who turned the machines off is still unknown, one company is. According to Dow Jones, "Barclays Capital pulled yen prices off its Barx dealing system for a short period Wednesday, as the Japanese currency fizzed to its strongest levels on record, a person familiar with the situation said Thursday." The reason: "to protect themselves during hectic trading conditions" - but why, remember there is no more prop trading on Wall Street (wink wink). And had others followed suit in Barclays footsteps and withdrawn markets due to a stop loss triggered wipe out in the FX market, compounded by fundamental uncertainty, it is easy to see how the yen may well have surged far, far higher. Luckily, it did not happen this time, although the USDJPY is trading at all all time lows today. On the other hand, if the market, despite trillions in capital injected by the central planners is so jittery it can take out all bids in what is supposedly to be the world's most liquid market on literally a moment's notice, we wonder just what will happen if and when Bernanke announces the end of QE3 and we have a repeat crisis...
http://finance.yahoo.com/news/States-and-cities-face-more-rb-3270044259.html?x=0&sec=topStories&pos=5&asset=&ccode=
ReplyDeleteStates and cities face more rating cuts: Moody's
http://www.cbsnews.com/stories/2011/03/16/national/main20043778.shtml?tag=dis
ReplyDeleteUnion: 19,000 educators get pink slips in Calif.
http://finance.fortune.cnn.com/2011/03/16/staving-off-a-fiscal-crisis-in-japan/
ReplyDelete"Credit ratings agencies play a significant role in whether or not a company -- or a country -- falls into fiscal catastrophe. For now, they're all leaving Japan alone.
The three largest credit rating agencies have said that it's too early to decide whether the recent earthquake will lead to downgrades for Japanese sovereign debt. Fitch rates Japan AA, S&P AA-, and Moody's Aa2 and all three will remain unchanged for now."
http://globaleconomicanalysis.blogspot.com/
ReplyDeleteGlobal Crisis in Leadership Nearly Everywhere You Look
http://www.reuters.com/article/2011/03/17/us-markets-oil-idUSTRE72D01W20110317
ReplyDeleteLONDON | Thu Mar 17, 2011 5:44am EDT
LONDON (Reuters) - Oil was up over $2 on Thursday as tensions in Saudi Arabia and Bahrain fueled fears of further supply disruption while investors weighed the impact on energy demand from quake-hit Japan.
Where's Lefty? We haven't seen him either.
ReplyDeleteI just got in from melting down nickels in the backyard. Think I'll have a talapia for breakfast.
ReplyDeletehttp://www.msnbc.msn.com/id/42117848/ns/business-world_business/
ReplyDeleteQuake shows weak link in global supply chains
Bought UPRO today. We'll see.
ReplyDeleteFutures seem desperate. We're looking at 1% higher in ES, YM, NQ. Anything to do with the Yen movements from last night?
ReplyDeleteAmen:
ReplyDeleteI would disagree with the desperate. I think this is going to be a bonce back rally today, as you often see with a crisis.
..Bought UPRO in 3 accounts this morning. I guess we'll see.
Going to be a massive day in the mine. May not get to comment before lunch once we open....
ReplyDeleteAndy-
ReplyDeleteI see your calm analysis- nothing wrong with playing it how you see it-
but there is no way I would part w/ silver- especially the Kennedy half- last of an era
DAX on fire this morning...what a difference 12 hours make.
ReplyDeleteGood morning.. i have a feeling i am not going to like this day one bit.
ReplyDeletefrom last thread...
ReplyDelete"Smilla's Sense of Snow"
tight, one of the best reads in many a moon
d wave
ReplyDeletekeep ur heads
gl
So...estimates for length of time for D wave lasting? It seems like C was 9 days, right?
ReplyDeleteBruce
ReplyDeleteI agree but they're trying to make up all of yesterdays losses within the first five minutes of trading.
This bites...E wave shaping up to happen while I'm on the cruise. Figures.
ReplyDeleteBruce, you were supposed to buy UPRO at the close yesterday.. at the low.. : )
ReplyDeleteJenny-
ReplyDeletegreat lakes cruise? LOL
I've done a few cruises- luxury Aircraft Carriers-
no expenses spared and food to die for:-)!
J-
ReplyDeletesometimes, one has to turn the the ticker-tape Off, and get their 'Cruise' on..
seems like it's one of those Times~
:)
AAIP
I also think this has to do with being down for the year. With the S&P down, Japan problems worsening and MENA problems intensifying the market implosion was probable.
ReplyDeletehmmm . . .
ReplyDelete"Industrial Production Falls 0.1% in February, Estimates Called for It to Rise 0.6%"
let the great expansion continue
A relief rally that also took TLT under 93 would be perfect from my perspective...sold some calls there as a hedge. I have so enjoyed writing covered calls on TLT these last few months, I don't want to stop now.
ReplyDeleteTick never got very high, hourly SPX downtrend line still intact. Interesting.
ReplyDeleteahab
ReplyDeleteCapacity Utilization also fell to 76.3% vs exp 76.5%
Jennifer
ReplyDeleteI noticed that also. Couldn't push it to +1000.
i have a hunch this is gonna roll over.. look at JJC on a daily.. puts it all in perspective..
ReplyDeletealso, gld and slv.. the market isn't going anywhere is it doesn't take them with it.. and pls.. crude over $100 = brakes.
ReplyDeletei'm still of the mind that margin has to come out in these uncertain times..
If you use pivot points the bulls couldn't even get above daily R1 (1275.54). They did manage to retake the weekly S2 (1272.24) though.
ReplyDeletegotta roll- all be good . . .
ReplyDeletelook at all the buying of bac, c, and gs.. not.
ReplyDeleteslv is making a sweet little h&s on the 2 day chart..
ReplyDeleteKaren -- I agree -- look at SPX hourly...still can't break that downtrend line. Firmly trapped beneath the 20 EMA.
ReplyDeletei meant a 4 day chart on slv.. sorry..
ReplyDeletestupidly missed getting YCS by a penny.. i am such an idiot sometimes..
ReplyDeleteslv still in the h&s unless it gets above 33.80, i think..
this level is where dia and spy should turn around.. spy will be a bummer above 128.5
ReplyDeletei am totally fascinated at this point.. oops, there goes slv.. it's iffy now..
ReplyDeleteone last thing.. slv h&s is really on a 3 day chart.. lol.. i obviously cannot count with all the excitement today.
ReplyDeleteReutersBreakingNews
ReplyDeleteLibyan army will stop its operations on Sunday to give rebels a chance to surrender - al Arabiya
I have seen a lot of fear mongering from many sources (including here) regarding potential nuclear fallout from the Daiichi plant in Fukushima. Misinformation is generally bad for everyone.
ReplyDeleteI think that everyone here might enjoy this website, complete with good visuals:
http://web.mit.edu/nse/
You may also find this radiation chart (on site) interesting:
http://mitnse.files.wordpress.com/2011/03/0317-web-radiation.jpg
Remember that these readings were taken at the plant and radiation exposure decays at an exponential rate with distance.
@Jennifer,
ReplyDeletegap up today is well within yesterdays range, odds are very high then it's just a pattern gap....iow, not significant. We'll want to look at breadth tonight though. Here's some ideas on when the d wave might end:
http://www.neowave.com/qow/qow-archive-923.asp
karen said...
ReplyDeleteReutersBreakingNews
Libyan army will stop its operations on Sunday to give France a chance to surrender - al Arabiya
...Fixed it..
@Matthew (10:33)
ReplyDeleteFear mongering?
But Hugh Hendry & Aston Kucher recommended we all panic!
Who am I to argue with one of the best heggies in the world, and a guy who has Demi Moore wrapped around his arm?
it just occurred to me why BOJ might prefer strong yen.. they need to IMPORT at the moment..
ReplyDeleteAnyway...
ReplyDeleteNo PANIC here... I fully expect my tin foil hat to protect me from harmful fallout...
No "longing" here...
ReplyDeletelowered my limit order for YCS.. may cancel altogether.
ReplyDelete@karen
ReplyDeleteregardless of what BOJ prefers or not...
The odds, I'd say, are "upped" that bucky substitutes the yens place as the "carry trade" vehicle du jour...
...and all that implies...
btw, considering that BAC, JPM etc etc lost money for only a handful of days last year, one might think it's important that instie distribution accelerated yesterday, it didn't trail off, it just got a lot larger.....
ReplyDeletemight be important
@ben:
ReplyDeleteRe: overwriting positions/naked shorting calls on dividend equities.
There is absolutely no scientific basis for my method, but my general rule for writing calls on dividend payers is to make sure the premium is commensurate with the dividend yield over the option life. If it is not, then no option gets written.
No fading Yen neither...
ReplyDeleteWouldnt short that with Fisher's money.
U.S. shows growing alarm over Japan nuclear crisis
ReplyDeletehttp://news.yahoo.com/s/nm/sc_nm/us_nuclear_usa
"The State Department strongly urges U.S. citizens to defer travel to Japan at this time and those in Japan should consider departing," it said."
---
I guess Hilary didn't get the memo...
Matthew,
ReplyDeletethanks, that seems like a good rule of thumb to me, I thought I had seen you mention this before.
Michelle Obama to write book on gardening, healthy eating
ReplyDeletehttp://www.washingtonpost.com/blogs/reliable-source/post/michelle-obama-to-write-book-on-gardening-healthy-eating/2011/03/16/ABbHWTg_blog.html
Oh boy! I was just waiting for someone to teach me how to grow okra in Washington DC while I was vacationing in Spain & Martha's Vineyard!
Matthew,
ReplyDeletecould you say more about that Idea?
I'm not sure I'm gathering what you're 'laying out'..
AAIP
love that little slv h&s.. been a sweet tell for two days now.
ReplyDeleteKaren,
ReplyDeletewhat time frame are you looking on SLV? on the daily you could argue 3/7 and 3/8 were the head, but no break of neckline.
I have added shorts back again into todays highs....might be a little early, will reassess if we go above 1,300.
ReplyDeleteI went short at 11718, so you aint alone my friend.
ReplyDeleteI think US yields have also hit an intermediate term bottom
ReplyDeletelooks like a gigantic contracting triangle since 2008....much like the market, all corrective waves, no impulses
we'll see.
M. Obama needs to read a book on contemporary underwear aesthetics.
ReplyDeleteSmilla's Sense of Snow...good book...lousy movie. But then there's Julia Ormond. It appears to be a literate crowd here.
Ben, 3 days on slv chart !! LOL..as for all my posts above about it.. you pick the minutes.. i have ten min up right now.
ReplyDeleteI'm dead serious when I say this
ReplyDeleteI truly have no interest at all in those games today, market is way to interesting.
I bet I still sneak a peak later though....ror.
It appears to be a literate crowd here.
ReplyDeleteI'm working on "Green Eggs & Ham" as we speak...
But I keep having to put it down because I can only absorb so many bits of knowledge at a time...
CV,
ReplyDeletewho'd you pick to win, OSU?
I see you aren't real big on PITT
I picked them to go far, that'll make or break one of us....
oh, and while I'm at, and to be very clear...I HATE PITT
ReplyDeletePuck Fitt!!!!
Not doing a bracket this year, but watch out for the Richmond Spiders...
ReplyDeleteAnd I wouldnt want to play the Heels either... although they stunk it in the ACC tourney, they could be a tough team to play.
And of course, Jah Scotty Hops and the VOLS will be bringing the pain... Big Orange style.
" It appears to be a literate crowd here."
ReplyDelete..I know for certain that Lefty tries read his underwear labels every morning so that they won't be put on backwards...
(from the Swedes..)
Actually CV...my attention span seems to be shorter since advent of internet...I'm not sure I could redo college level English classes.
ReplyDeleteClemson is a good team for a 12 seed, also...
ReplyDeleteHeels....myboys
ReplyDeletethey got stuck in a bad bracket though
I don't think they can beat Cuse and OSU this year
next year
World Champions
just like the Raiders...assuming there is football
I heard yesterday that Ocho Cinco is trying out for a soccer team.
ben, there is also a March slv h&s.. neckline is the same @ 33. if 33 breaks, 31 is next.
ReplyDeleteODU could take Butler also...
ReplyDeleteI took OSU (winning it all)
ReplyDeleteMy Final 4 were: OSU, Duke, Kansas, Florida
Pitt's history in the NCAA's is to "underperform" expectations... So I'm just basing it on that...
See? CV studies charts and history too... It's a shame my interpretations of what I see aren't very popular...
On the subject of "Pitt" (or Pittsburgh - as the case may be)... Super Bowl "losers" don't have a very good track record of having a good season the following year...
Indy was an example from this past year (lost to the Saints in SB then had a mediocre 2010 campaign)... But there are many examples...
Fade the Steelers next year... That is, of course, if there actually IS an NFL season...
anyway, it needs to happen today to be perfect. okay.. so if you don't want to be long over the weekend.. do you try to get out tomorrow or tip toe to the exit today : )
ReplyDeleteKaren,
ReplyDeleteI put some protection on my SLV calls, it's a tiny little position anyway, they are a few months out still, short term there are some problems on that chart but zoomed out it's still bull market, we'll see if anything breaks if it becomes more ominous.
I haven't seen Florida play any games this year
ReplyDeleteI'm hoping Tom H to the Izzo can work a little magic and win the first two rounds, he's $$$$ in the big dance.
@I-Man
ReplyDeleteI have ODU beating Butler... Ought to be a good game...
My "make or break" team is going to be "OAKLAND"... I have them reaching the Sweet 16 as dark horses...
If they lose, my brackets won't recover unless most of the top seeds go all the way...
I think St Johns could make some noise too... I think they take the Zags, and then take BYU.
ReplyDeleteIzzo drives me crazy...
ReplyDeleteIf you take him to win because he's Izzo (and they lose), you feel dumb...
But if you FADE him & he wins, you feel even dumber for fading Izzo...
ror
St. Johns has a hard time "closing" out games...
ReplyDeleteThat's their cryptonite...
I actually think the Vols match up well against Duke and can take them.
ReplyDeleteIf we play our best game and Duke doesnt hit 3s, then the Vols can pull a major shakeup there...
Hard to fade Texas, CV... you think they'll just choke after all those big games they won this year?
ReplyDeleteCould see UCONN going deep...
ReplyDeleteI-Man,
ReplyDeleteDidn't know you were a Big Orange fan....somehow I missed it.
Oh yeah, 3rd generation Vols fan.
ReplyDeleteI have my gramps class ring from '48...
I'm sure if we started trading names we could match some up...
ReplyDeleteIts a big small town.
http://finance.yahoo.com/tech-ticker/enron-accounting-d.c.-politicians-%22just-wasting-time%22-on-budget-bu%27s-kotlikoff-says-536041.html?tickers=%5EDJI,%5EGSPC,TBT,TLT,XLV,GLD,TIP&sec=topStories&pos=9&asset=&ccode=
ReplyDeleteEnron Accounting: D.C. Politicians "Just Wasting Time" on Budget, BU's Kotlikoff Says
"Unless and until D.C. politicians are willing to adopt such dramatic, controversial and (some say) draconian measures, "they might as well go home and tell us to leave the country or just print money out the wazoo to pay these bills and leave us with hyperinflation," he laments. "That seems to be the game plan."
...I ain't inviting him to my next party, that's for sure...I think I'll see if Charlie Sheen is free..this guy is no fun.
@I-Man
ReplyDeleteThey won those games early on...
They're like Pitt... Fade & choke city in the NCAA's
But I know... It was a difficult fade anyway... Just going a little "gut" there...
& I don't see the Vols getting past the first game... Sorry :-(
Here is the latest news from Libya
ReplyDeleteنور اگر رفت سایه پیدا نیست نقش دیوار و چشم خیره ما نقش سایه دگر نمی
داننور اگر رفت سایه. ر رفت سایه پیدا نیست نقش دیوار و چشم خیره ما نقش
سایه دگرنمی دان نور اگر رفت سایه پیدا نیست نقش دیوار و چشم خیره ما
Kind of scary. I bet gas prices will go up again.
If I hear anything else I will let you know.
Well, I see yesterday that the AD is not sure if Bruce P. is coming back next year...sounds like he's gone to me.
ReplyDeleteyou left out a comma..
ReplyDeleteUUP made a 3 year low today..
ReplyDeleteShit, 4th generation actually... I got an old picture of my great grampa with a stopwatch in his hand watching the punter warm up about 3 hrs before an Alabama game way back in the day. (Had to have been in the 30s.)
ReplyDeleteHe used to clock the air time of punts before games, apparently that was his thing.
And I have a homemade VHS tape of the 86 UT/Miami Sugar Bowl...
ReplyDeletePretty proud of that.
well this chart is painting a picture bulls will like:
ReplyDelete$nyupv:$nydnv on the 60 min for the week..
Where I live, we have people who put orange metal roofs on their places of business and even on one home...pretty close to religion..
ReplyDeletePretty sure there are more than a few orange barns and houses in East Tenn...
ReplyDeleteIt would be a HUGE mistake to let Bruce Pearl go IMO...
ReplyDeleteObama prevarication is damaging: The United States has reversed its opposition to a no-fly zone over Libya an... http://on.ft.com/dGmwW5
ReplyDeletewatching UUP at low of day.. 21.77 was march 2008 low.. 21.52 was 07 low.
ReplyDeleteIn Retailing, the old Gag was...
ReplyDeleteWhen you too much of what wasn't selling...
Paint it Orange, and send it to Tennessee..
No Orange?, Paint it Red, and send it to Nebraska..
No Red? ...
AAIP
barry ritholtz
ReplyDeleteCramer: Sell Into Today's Rally http://bit.ly/hT1IJF
Can't say I disagree
Paint it Tar Heel Blue and send it to NC...
ReplyDelete@karen
ReplyDeleteHow do you expect him to come to a decision on anything?
He's been busy filling out his brackets...
http://www.youtube.com/watch?v=c_cgmFKAbTg
oops.. there goes up.. 22.79, new lod.
ReplyDelete22.77 is not gonna hold.. UFB
ReplyDeleteIt's been clear for some time that the proposed agreement between the 50 state AG's and the banks and servicers is going to be a whitewash, a get-out-of-jail-free card, and an absolution of past sins all rolled into one. But the Calgary Herald reports comments made by Tim Geithner yesterday, which pretty much seals the deal. Geithner told the Senate Banking committee that a fraudclosure deal had to be reached quickly:
ReplyDelete"It is very important that we try to bring this to bed as quickly as we can. I think all parties, not just the servicers, but the state AGs and the federal agencies have a strong stake in doing that.
Shahien Nasiripour also reports that the state AG's have been working hand-in-glove with the Obama administration and the various regulatory agencies in crafting the deal with banks and servicers, with the administration calling it a "shock and awe" approach that would lead to a potential $30B in reduced mortgage payments...."
http://dailybail.com/home/geithner-speaks-foreclosure-fraud-whitewash-agreement-coming.html
re: Tar Heel Blue, yes, though, What is up with the 'Love of Teal', in NC, as well?
AAIP
75.63 coming up on $usd??
ReplyDeleteCramer seems to go "gut" more than most of us..
ReplyDeleteslv sub 33.40 is really really weak.. and in light of the dollar.. tsk, tsk.
ReplyDeleteI-Man:
ReplyDeleteAt least you don't have to worry about bears tearing your place up..
I hate inside days.
ReplyDelete@ BnT
ReplyDeleteGot some crazy bear stories from Elkmont days...
They used to just walk down the road there and come up on cabin porches in broad daylight.
Out here the cats are more prevalent than the bears. I've seen cougar the size of small black bears.
$nyupv:$nydnv painting a bearish picture now on the day..
ReplyDeletebut, jenn, slv is very entertaining..
i take it back.. slv is losing me the longer it stays up..
ReplyDeletehard for me to fade Pitt... I could see them going all the way.
ReplyDeleteKansas is going to have it rough if they have to play Louvulle and Purdue...
I guess my FF picks are:
Kentucky
UCONN
Pitt
Purdue
Full Disclosure:
I watched "1" regular season game: St Johns/Duke
And a few ACC and SEC Tourney games, so I am not well versed at all.
YCS took off without me..
ReplyDeleteI'll say "F" Ohio St... they lose to George Mason or Nova, and if not them, Kentucky.
ReplyDeletegreat news, not: BBC Global News
ReplyDelete#Libya warns it will target all air and sea traffic in the Mediterranean in the event of a foreign military intervention
Sounds like $120 crude to I-Man...
ReplyDeletei'm getting super sick on this day but my faz is looking good.
ReplyDeleteThis day is going to finish a hell of a lot more interesting than it began.
ReplyDeleteWe own puts again. A small number. If this breaks down we may roll them to a more aggressive strike.
ReplyDeletei love it.. spx drop being attributed to oil spike.. so why have banks been weak all day?!
ReplyDeletejust play along karen
ReplyDeleteyay!!
The "Reason" Dice
ReplyDeleteME War
Japan Meltdown
Euro Default
Quant Blowup
Roll it.
The market is trying to get across the tracks before the gates come down. It's not going to make it.
ReplyDeletesorry to be a broken record but slv is a series of h&s within h&s.. completely fascinating.. there is a day and a half one, too.. under 33.50 it still works..
ReplyDeleteChet will tell you.. it's the ECONOMY, LOL!
ReplyDeleteHow fitting a reason would that be!
yen shorters thot they would make a killing today and so far no go.. a 30 cent range.
ReplyDelete1270 breaking looks bearish to me
ReplyDeleteif it goes, put your hands up in the air and enjoy the rollercoaster
otherwise we might hover around here or slightly higher a few more days
d wave should be weak remember
in WTF news: Dr. Copper Likes the Strong U.S. Economic Data: Dr. Copper likes the strong U.S. economic data today and is ... http://on.wsj.com/foz5kI
ReplyDeleteKaren,
ReplyDeletewhen you see complex H&S if/when they break, according to Edwards and Magee, they won't be as strong, more likely an H&S consolidation than a top/bottom when they look like that....not always though.
Well, double poot.
ReplyDeleteSold the UPRO...lost a c-note.
BBC Global News
ReplyDeleteUN Security Council draft resolution on #Libya authorises no-fly zone and "all necessary measures" to protect civilians under threat
(Obama will probably announce this when he speaks.. )
Dont get pissed while they gun it here Bruce...
ReplyDeleteThey are going to for a bit.
Keep your eye on the next high...
ReplyDeleteoil back above 101...
ReplyDeleteyes, hoping for one more bounce now to add to shorts again...
ReplyDeleteBut I am tempted once again to buy...EZJ before the close...
ReplyDeleteA lot more money to be made on the down moves than the up moves.
ReplyDeleteODU - Butler is a great game here...
ReplyDeleteI swear, the lead has changed about 40 times already...
how's Matt Howard playing CV?
ReplyDeleteI like that kid.
(Obama will probably announce this when he speaks.. )
ReplyDeleteObama will say what I tell him to say...
lets go PSU !!!
ReplyDeleteBut I guess my trading style isnt a good comparison for most people.
ReplyDeleteFor example, if I lost $100 on one trade I would get cut from the team.
If I make $100 in a day, its a good day. If I make $250 its a great day.
But I take way less risk. I seldom risk even $50 on one trade. (Per contract)
MH = Playing Well... Getting quite a few putback baskets off of rebounds...
ReplyDeleteIt's kind of "killing" ODU's spirit at times when they think they're going to get the ball back after a missed 3
You guys at computers (not TV's) can catch most of these game feeds on the CBSSports website...
ReplyDeletePenn St. kicking ass vs. Temple early...
ReplyDeleteI took them there (in honor of ben)...
DIA on a 60 min chart.. 20ema has stopped the upmove 4 times since the open.
ReplyDelete@karen
ReplyDeleteFWIW - I'm "rooting" for silver to go down...
Cause I want to buy some more cheaper...
But way cheaper... I like your $31 (but the way things seem to be going - and what's moving the markets with a potential yen carry debacle - if events play out to see $31, I'll probably like $28 better)...
Damn, Clemson got smoked!
ReplyDeletedepends on the degree of the debacle...
ReplyDeleteWith alota the grains "limit up" here, it's kind of odd to see gold & silver doing basically nothing...
OTOH... Many of the "softs" had come quite a bit off their peaks...
I'd say it's a little like Jennifer alluded to above... "inside day" (not necessarily on a daily candle to candle comparison), but the notion of the BETA of the bounces (if you look Feb highs to this weeks lows)...
If you're following what I'm saying...
@I-Man
ReplyDeleteClemson was up BIG in the beginning of that game... Then WVU came back and closed the deal...
WVU ought to get bounced next game tho...
Alaidi just tweeted another reason for strong yen.. along the idea I had.. CHINA wants it strong and it a buyer.
ReplyDeleteIf y'all get a chance, you have to try and tune in to the ending of this ODU-Butler game...
ReplyDeleteCrude Oil 102.60 +3.65 +3.69
ReplyDeleteNatural Gas 4.224 +0.214 +5.33
Corn 646.5 +30.0 +4.84
Soybeans 1331.5 +44.5 +3.45
30yr Bond 122.00000 -0.50000 -0.41
10yr Note 120.90625 -0.34375 -0.28
NY Gold 1404.0 +7.9 +0.56
NY Silver 34.335 -0.137 -0.40
Emini S&P 1265.25 +11.25 +0.90
Emini Nasdaq 2226.75 +18.25 +0.83
Emini Dow 11666 +88 +0.76
http://www.ino.com/
CRB Index
348.80
+10.63 +2.96%
'Softs' really Strong..
Cu higher..
AAIP
CHINA wants it strong and it a buyer.
ReplyDeletepersonally, the PROC has been buying Yen, since it announced, months ago, ~it was *diversifying away from the Paperback..
ibid.
not good: Reuters Top News
ReplyDeleteFLASH: Gaddafi tells Benghazi residents "we are coming tonight" and "there won't be any mercy"
i am now on edge of my seat.. I-man.. which way are we going??
ReplyDeletek-
ReplyDeletebtw, how's that Twitter addiction treating you?
:)
AAIP
slv in 2 day triangle now.. about to break up.. unless it doesn't : )
ReplyDelete@ben22
ReplyDeleteYour boy... Matt Howard, puts back another rebound AT THE BUZZER to win by 2...
UFB!
Watch 11690 on YM...
ReplyDeleteMaybe 11693.
Could be a big rip if it goes, will be an excellent short if it holds.
Could be a false breakout from it that stalls at 11713.
ReplyDeletei love twitter! i don't have it on my iphone, tho.. i'm not that addicted ; )
ReplyDeleteGold just got to 1405... If it can hold & get to 1420, then that silver triangle might end UP...
ReplyDeletewaiting to see what happens at 11774
ReplyDeleteWith things this volatile tho, I have been waiting for serious confirmation at my pivots before taking a shot.
ReplyDeleteI let other folks get teased in the red zone.
If it breaks, it will be obvious, and then its a matter of hitting those numbers on the retest of them.
remember... today is opex Thurs on a quad witching week...
ReplyDeleteoptions pain bitchez!
ReplyDeleteGood eye, Karen...
ReplyDeleteThere is something up with that level for sure.
well that was the little engine that could not!
ReplyDeleteWe churned around that level all last night, that might have resolved it, we'll see.
ReplyDeletethis is one very nasty day, if you ask me
ReplyDeleteslv backed down too, still in triangle.
ReplyDeleteyeah, they're using all the tricks.
ReplyDeletegot to hop, try to catch up later~
ReplyDeleteAAIP
btw,
Happy St. Patrick's Day, y'all~
Forgot it was even St Patties Day...
ReplyDeleteFrom ZH (and for all those "wondering" if there will be a QE18 or not)...
ReplyDeleteIn an eerie recreation of the events that transpired during last year's flash crash, among the reasons for the spectacularly wide spreads during yesterday's dramatic yen surge (which was more than just a selloff of in the USDJPY but virtually all carry pairs as we pointed out previously) is that various brokers pulled away their entire market making in the currency. While the full list is those who turned the machines off is still unknown, one company is. According to Dow Jones, "Barclays Capital pulled yen prices off its Barx dealing system for a short period Wednesday, as the Japanese currency fizzed to its strongest levels on record, a person familiar with the situation said Thursday." The reason: "to protect themselves during hectic trading conditions" - but why, remember there is no more prop trading on Wall Street (wink wink). And had others followed suit in Barclays footsteps and withdrawn markets due to a stop loss triggered wipe out in the FX market, compounded by fundamental uncertainty, it is easy to see how the yen may well have surged far, far higher. Luckily, it did not happen this time, although the USDJPY is trading at all all time lows today. On the other hand, if the market, despite trillions in capital injected by the central planners is so jittery it can take out all bids in what is supposedly to be the world's most liquid market on literally a moment's notice, we wonder just what will happen if and when Bernanke announces the end of QE3 and we have a repeat crisis...
@ K
ReplyDeleteYou mentioned the 20 on DIA... try the 55 sma on that 60min.
i'm confused I-man.. getting 119.47
ReplyDeleteSell programs are running...
ReplyDeleteI havent actually looked at DIA, just assumed it tracked well to the YM.
ReplyDelete(I did mean over the past week or so, fyi)
yeah.. i put it on a 60 min ten day and a 20 day.. it did nothing.. way over head..
ReplyDeletewell, this is the wildest battle at the 20ema i've ever witnessed.
further, i will be shocked, shocked it the bears win the day.
ReplyDeletehearing rumors about tokyo passengers setting off radiation detectors at ohare...
ReplyDeletesell 11690 if you can
ReplyDeletethe discrepancy between YM/DIA must be the trading hours. my bad.
ReplyDeleteI-Man.. in Dallas too.. no biggie! low levels of radiation.
ReplyDeleteoh, yes, that explains it perfectly on the 55..
ReplyDeleteI dont even do twitter and that rumor got to me... LOL
ReplyDeleteequities in dallas
ReplyDeletecould this be correct?
ReplyDelete33 quakes just today in Japan at least 4.0
????
super moon in two days....
Karen,
ReplyDeleteat least the nas isn't directly in line with dow and S&P
might be a message there in fact
Alright, this could be it in a minute... but who knows.
ReplyDelete