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First time the slow sto has left OB in over a month. MACD crossing bearish. Hoping we test t line on daily ill be grabbing more P on that bounce.
204 keeps calling me man
Come on Spy fill that gap your smiling like pookie
James Bullard speaks
Durable goods 8:30
Jobless claims 8:30
Thurs 3/24
Was flying most of the day again i need to do some catchup on what the charts look like on my console now that I'm home. Would be nice to see a flash crash instead of that long chop session we had last time after the ryfo rally. Cheers to wishful thinking :D
Traders may not be buying insurence on the vix but there bidding up other safe heavens again. Gold silver yen tbills etc.
I agree with the donald. If there extream we need to be extream wall it up
Could be. Spy price deflated in the tight range last time gave buyers some room to push. Now it appears to be pressed along resistance. will see
Bands on 60m are tight. Some kinda of motion is on deck.
Did the daily rsi tag overbought today? Just looking on my phone seems close
I was surprised to see them negative. Yesterday when i added them they were so jumpy to the upside with just little down we saw. Now were down much more and negative. Likewise should catchup when we see more downside..
Thx. Your otm puts down today?
Nevermind. I see my brokerage says spy is up today. And my puts are down slightly.
What is the price of spy? is it plus or minus on the day?
Thanks for the explaination. Been traveling all day and havent logged into my brokerage. In a nutshell what happen to options prices? Did puts go down with spy going down or is that all out of whack like the charts?
nasdaq futures smh
Just grabbed may 20 170p small position.
out of control. They should all just shut up and stop trying to save face let the market do what it needs to do. technical s are overwhelming there talking now.
Markets will work themselves out now to match real PE and fundamentals enough of this momo garbage built on HFT and carry trades.
Silver has its worked cut out for it. Every time it tries to break it gets smacked down. it was fun off its lows but now im slight want to see it hold some gains today.
FWIW SLV can have a Cup n Handle breakout today. Looking for a high vol strong break and hold above 15.20 for confirmation. Might take some calls just before it to keep it interesting.
I went puts gld on monday they were green so i took some profits before FOMC, And i let the rest ride and they were toast by eod yesterday.
lol i think i have heard that definition before im the poster child for it.
GL with them today.
Looks like its putting in a bottom wick now. It recovered after breaking usd/jpy 110. It may retest lows though.
Domo arigato ¥en carry for your mystical powers.
Just little more for spx to fill its gap 2043 that equals 213 spy :p
Im not in anything at the moment. But if i see that strong reaction dip i might nibble on some calls provided not alot of damage is done technically.
Think we make a hard dip on the first reaction, fill the 199.80 gap that will rope in enough shorts, then it will go and fill the one above at 204. jmho.
well put
BOJ didnt change rate
Yup and since they didnt cut deeper the fx market rallied yen last night. contrary to what should be happening with negative rates JPY should be tanking.but i think they pulled the trigger to late the technicals are beating the fundamentals and there all scratching there heads.
Boj announced last night they are staying firm. Yen rallied. I guess there is more pr related stuff today. Vrx no my friend was telling me someone at his job was going long last week, I looked at it and decided not to play. I dont like tips id rather stick with few etfs in just trade what im famialiar with. But maybe next long tip i get i will buy puts hehehe.
any body hit the lotto with vrx puts today. jeez puts that exp fri are up 8000%
Yeah im thinking the same. The 60min Sto dropping like a rock but price is firm. Might be wishful thinking will get any calls cheaper then now.
I would grab calls if they sold off and filled that gap just below.
possible fill the 199.80 gap today?
Thanks for posting, you can find most of this technicians work on stockcharts public charts. He has intra day charts expressing the yen spx correlation going all the way to the smaller fractels.
Infact this chartist is the one who open my eyes to see what was really happening in the markets, his work is steller i wish he would join us on this board and post.
Gotcha i wanted to see if it was just a buggy platform. I refreshed the chart and it went away. calls sound good amigo.
Anyone else see that phantom spike on there charts? 210.55
Thanks for posting that. Glad we see that for what it is. And i agree with the sentiment of it sputtering.
Its interesting to think imo technicals maybe the reason central banks at the moment are losing a grip. Particularly BOJ.
Note the day of the Nirp cut. Dont have it off the top of my head but line that up with where we were on the weekly chart with JPY. few weeks too late? from my understanding there only purpose was to devalue there currency. The yen tanked Kuruda was applauded but it bounced strong off support,now there scratching there heads as the yen is still bullish.
The 20 year still has the yen in a bear market and USD still stronger imo.
i will continue to watch it for SPY correlation. Or perhaps a new currency is being hijacked.
Cheers
Post a real weekly chart from nov 2012 with jpy and s&p. its an absolute
There is no inverse correlation on that chart?!!!! Whoa.
Its financial engineering and has been happening for years. And has the potential to create havoc. No assumption when the Usd/jpy pair is strongly down there is no money (not liquid) . When jpy weak well just look at your futures tonight and tomorrow bots will be shredding up shorts IF jpy stays weak (liquid)