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Good points on other market movers i was unaware of them thx.
BOJ announcements on policy will happen during the overnight session. So we prob see some knee jerking until the other news you mention drops PM.
Yup it is counter intuitive for fundemental reason. But for pure momo driven irrational carry trade its pretty much the norm. Thats why when holicopter ben went to tokyo it spurred ath bc the yen sank helped push our maket up. Down the road it would not add up though bc of the "strong dollar" hurt revenues etc. friday will be big day for direction imo.
Yup and the market will be somehow surprised again when the meeting minutes are released.
only bank that holds any wieght is BOJ this friday they are the carry trade fuel. If they dissapoint market will tumble. If they succed in dropping the value of the yen vs usd markets here will go even higher.
Got it thx
Gotcha thx, i misunderstood the meaning of the MA now that makes sense.
Maybe someone can explain this to me. How do Moving averages 9 and 20 point up like the chart suggest all the while volume has sloped down on weekly basis?
Karuda's BOJ said no helicopter money. Dhragi left policy as is. Spy is crying a river until more carry trade money is available imo
Id like some saucering with that overboughtness pls
And vix gaps up on futures. Cool
Vix 11.97 starts getting sketchy if its not allowed to breath little. High 9's and things start snapping.
Copa di vino from sharktank:D
Good catch on those two, interesting considering the "beat>low bar"
First sentence. I like your life seems fitting for me where do i sign up?
Quick q what gave that target specifically?
Futures already wiped out any loss ah friday +11
Love the pun.
Wasnt that noodle in n.korea few years ago?
They feared missing the rally so they staged a turkey coup BTD AH :p
SFP Lol if we can get this board to only speak in code acronyms we can put conspiricies about the algo's that hunt here to rest. BTW WTF AH?
what is a vxx?
:P
Its been a interesting week. Now ath talk can be put to rest. Where now?
Yellen didnt have any of her pundits step up to the mic about hiking rates this week as was the usual case when we got to the upper range of the past year and half. Hawks on PTO in the Hamptons?
lmao spy forever police.. That just made my day
HA where do you think im typing from man?! im the last one in Guantanamo bay.
LOL am i being flogged? I still have puts and time meng. Just looking hindsight is the reason for my thought capitulation.
I think its due for atleast a tag of the smaller ema9 sma 10 perhaps. looks exhausted.
Here is Fib retrace levels IF we pivot here. I think it stays pegged btw the upper bb and 10 MA 214ish until the bb slopes down or tightens up on the daily there is no evidence of that yet.
23.6% 212.50
38.2 209.90
50% 207.80
61.8% 205.70
Monthly opex today. Might just be burning prems?
seems like tech is not popping overall today.
Timing the stochastics has been a tuff game. OB yup i agree but it seems to get pretty cozy above 80. Best bet is wait till it leaves to open position. front running using just that is a premium eater.
using Bolli band and sto has been a better timing fwiw.
Think the big problem was all the sheep this time were bears. Me being one of them. Im not switching bull but hindsight the sentiment was to bearish. Think about it the most hated rally in the world. Needs to flip sentiment has to change to full on exuberance. Which this ath might do ...
I think hollywood screwed bears this year by releasing the big short movie. They prob could have avoided the financial crisis too:p all retail in 2008 was exuberant got screwed. Now the same mom and pops were convinced market crash and HFT used there juicy shorts to fly higher running stops.
Im starting to look at it as the fed has lost control of the market. They cried wolf to many times and lost all credibility . Now its only a matter of time before they do something really dumb to try and gain control again.
Cycle
Market up ---- fed hawkish
Market down----fed dovish
There goal is status qua. No exuberance and no fear.
Surprised waiting to start to see the rate hike fears lingo being printed. Or has that cycle been broken cause the market is calling the feds bluff?
Futures gapped up on cpi data.
Interesting Im going to keep my eye on finz thx
Yes i like this think there is a little more downside on it but being down over 1% today making it tempting. Going to eye up some gaps in the monthly chart maybe take strikes on them and way out like you said. Oct -dec
If your a contrarian trader that just means btfd all the more lol
whats your Mpain for opex this week?
Yes i did see that. Yen was crushed today on "stimulus hopes" equities rallied ooh surprise surprise there. Sounds like Shinzo abe gonna drop so much yen on tokyo it will $t!MUL@7eTH3Econ0MY
Bb wick pierce on weekly too. Maybe it heads for a hat trick and nails the monthly too fn criminals
Haha ya got me!?
Its nurse ratcheds fault
My mind cant take it any more no more electricity treatments spy! :p