Moving the Shrimp to Fiji, if the plan works.
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Oil balking. Added SPXU.
If we touch 214.30, I'm going to add SPXU units.
Oil is looking good. Might take us over 214.
I like..
Big Bots and I cannot lie.
Spitball to 213.80 ish, then down.
RSI is pulling Aces and Eights. A dead mans hand.
It's October, BTW.
Back to the 100 SMA. It's a magnet.
213.53, but that pulls RSI down, and we'll probably shoot for oversold zone.
And here comes the UE numbers. Look out.
Spitball, or fireball? We should test 214.40 ish, then decide.
API moves the market down, and EIA says "Wait, I have longs to unload."
That's like an 8 million barrel difference between API and EIA. The inmates are running the asylum again.
I just sold VXX and SPXU. I can wait for them to catch up.
Still have a lot of SPXU.
EDIT: I expect EIA to report about 2 million BUILD, not draw. Anything over 6 million BUILD, and the fat lady is going to sing for us.
The 100 SMA is an important average. I expect a move away at 10:30, but have no conviction in it. I am fairly convinced in the magnetic property of the line.
Seems like you read it right. Bonds moved up at the same time. They took cash out of the S&P, and bought some safety.
We're right under the 100 SMA. Could range around this for weeks. They'll just sit here and burn your theta all day. Or not.
Right. That's the falling knife your mother warned you not to catch.
I'm going to try to consolidate a bit, and save posts. Thanks for reminding me. Oil. EIA. 10:30. (7:30 here in Lost Angeles)
Something like that. Magnetism. They want to see the decision, and then trend from there.
The setup I see is a "decision target." If its trending far from it, bottom or toppy, it just takes a spitball to get back to testing the decision.
I didn't see any oil in the post. Maybe I skimmed a little sloppy.
BTW, Spitball bot target is now 212, ie the lower BB. We test that one, about 10:30, right when IEA releases inventory and move accordingly. IMHO. (For entertainment purposes only)
That's a bit too far in the future. Oil is a big story today.
Apple is ancient history already.
I ran out of posts yesterday. Couldn't reply.
Both the 50 period 10 minute average, and the 20 period 30 minute seem to be the pivots they aim at. If they aren't in the right place, the bots won't fire up. Of course, they fire for other reasons. So you don't see it everyday.
Looks like we'll test that 100 SMA. It will take more than a spitball to hit the 200. That's almost 10 points away.
They can't pull the switch until a certain moving average catches up.
It's almost time.
Yes, to paraphase: The market can stay irrationally complacent for longer than traders can bear.
Long Bonds are subject to exaggerated moves on any given day. Sometimes they trade against obvious news. The price of TLT is based on "old bonds" in a portfolio. The price reflects what people are willing to pay for the quoted rate.
I trade them short through TMV. I'm not willing to invest at these rates. I am willing to "borrow" ie. short.
Bonds say SPY goes up. VXX says SPY goes up. Somebody forgot to flip the switch on the bots.
Fireballs at the ready.
The rate hike would make them go down. I expect the bounce to come on a rumor of dovishness. Anyway, they are down now. S&P bounce to 214.50. Spitting distance to the unadjusted 20 SMA.
Longer term, I'm looking for a good bounce in bonds to short. The little scalps are fun, but they burn buying power.
I like to watch the bond dips and spikes, too.
Covering short from the last spike.
The spitball theory works sometimes, and sometimes it doesn't.
"If a bot can hit the target with a spitball, he probably will"
I have the picture, but I'm ready for Laser surgery to correct my eyes. I can't see anything clearly.
Most of the time I use my very poorly adjusted Trade Architect. I go to SC and come here for perspective and alternative views.
I would be more inclined to believe that the bot programmers toss a coin, and make a choice, and that the big houses use one or the other, and have a lot of money to trade, depending on which way the wind is blowing.
SMA here is 213.44
http://stockcharts.com/h-sc/ui
I think you have to adjust the parameters.
Stockcharts adjusts for dividends. Many platforms don't.
100 day SMA is so close, you could hit it with a spitball.
That's an easy target for a bot.
If you find it, let us know. Intraday test at this level is crucial to my trading model
It's starting to look like October.
I don't think it will last 7 years, but eventually it will happen.
In the mean time, you get very little for your savings. Sure, you can get a low rate mortgage, and mortgage the house to pay your consumer debt, but the banks aren't funding everything cheap. They're making money.
And, since we tend to focus on technicals, it might be a good time to look at a chart.
http://stockcharts.com/freecharts/gallery.html?$MXNUSD