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Bought some SSO at 83.31 and 83.03. Should make a run to the 30 min BB. I can't bring myself to buy and hold with the antics these yahoo's are playing. The solutions are so simple, but it's more important to get re-elected than to do the right thing for the country.
I like it. Looking for the ST bounce higher based on the $VIX 2 hour and the daily. The should at least release some of the overbought condition. Bought some RYDEX longs at today's AM price, 9:45 cst. for a day trade. Looking for the plunge into that time. Mostly cash otherwise waiting for the yahoo's on both sides of the isle to get it together.
Just a thought...
The 2 hour $vix is overdone and we are due a ST rally.
Bigger Pic possibility.
http://stockcharts.com/h-sc/ui?s=$VIX&p=W&yr=6&mn=0&dy=0&id=p94361629562&a=318679445&listNum=1
Look at the $VIX. My take is we have 1 to 1.5 days of selling followed by a rally in the general equity markets. Third peak should do it on the short term.
http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=0&mn=8&dy=0&id=p52025019122&a=287788386&listNum=1
Gap on the hourly spx at 1672ish now closed.
The debt ceiling has been raised frequently regardless of who is in power. You just can't mess with a possible default.
If you make me choose one side or the other, I am a Republican. That said, they've got little to fight with at this point and they just keep damaging their reputation. This a battle of inept right versus stupid left and the tax paying public is the loser.
It's not about honoring it or not honoring it. It's leverage against overspending, but it's importance is secondary to keep the US dollar a reserve currency and keeping our bond rating super high. High bond ratings translate into lower interest rates and that trumps all.
Could be. Upside would come on news of Republicans surrendering this fight, but then the debt ceiling debate would be really ugly and really stupid.
You can't F with the debt ceiling. The full faith and credit of the US(which primarily is all about us keeping rates low for our benefit) is not to be messed with. Just plain stupidity.
1632 gap and 1580 support. Two targets to watch IMO. I don't think we see the second target...but you just never know with the bozos in congress.
Keeping powder dry for the inevitable rally. I think this battle will be over in the next 48 hours and then we can look forward to the debt ceiling debacle. What a bunch of clowns we have representing us...all of them.
http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=0&mn=8&dy=0&id=p52025019122&a=287788386&listNum=1
Looks like the government shut down will have no effect on the economy according to this morning's future. Next fake crisis please.
Look on the positive side. There will be a whole new, young generation of Republicans.
Foot, please, the President is not a sociopath...he's a narcissist.
:)
It says Congress Trend. That would be both the House and the Senate. There are more Republicans in the two chambers combined.
7 of the 10 richest members of Congress are....
yep, Democrats.
Article is on MSN, I could not cut and paste the link for some reason.
Or they could just cut some tech spending.
In SSO at 85.71, out 85.98 and back in 85.83 for a day trade. Budget debacle is going to weigh on the markets IMO and we look like we will be revisiting the mid BB on the weekly chart.
Sold RYDEX longs at today's A.M. price and sold half of 401K longs at Monday close. I will stand aside watching while the debt ceiling and political wrangling is going on. $NASI in an uptrend, but looks to be possibly rolling over. Playing it safe here.
I think we close the 1687 gap here.
Good morning. Sold RYDEX trading longs at the A.M. price today and bought 33% of those positions back at the close. Looks like 1703/1704 are target area IMO and there is an spx gap at 1702.
Note gaps at 1687 and 1673 for future reference. $NASI still pointing north, but $VIX daily oversold. $VIX 2 hour filled the gap perfectly and bounced off support.
Political shenanigans are in full swing starting yesterday, Friday. That will likely trump TA so I most likely sell buy and hold positions or at the very least reduce the amount invested.
Sooo... posting factual information with no opinion attached to it makes me unempathetic.
I guess you really can't fix ______.
Most recent book value is $18.24 a share.
I had three Blackberrys' back in the day. They ruled the market. Unfortunately for them, the market evolved and they didn't. They tried the multi-color strategy too.
The loss was in part attributed to unsold inventory. Good grief, give the things away with the purchase of service. The Russians are usually 15 years behind the rest of the world. Set up shop over there and it will be like 1998 all over again.
The fact is that they are reigning in the Cadillac plans that many unions have allowed. Premiums will have to go up in order to stay in such a plan. Either they change this piece of legislation or people opt out into a cheaper government endorsed plan.
What the heck are you smoking?
As for food stamps the truth is that it has such a restrictive policy now that the money is insufficient to feed the family and if they start working at minimum wage they will lose their allotment and be worse off.
False. It's supplemental nutrition. It's not designed to pay your entire food bill. Also, you can be working and still get food stamps up to family sized income thresholds.
Please get your facts right before making uninformed, incorrect assertions.
Lender overlays typically override this stupidity by the government. Remember, there is no credit score requirement for an FHA loan, but a lender won't lend to you unless you have a 640 score. FHA monitors a lenders default ratio, so as long as that is in place, the other non-sense doesn't matter.
Nice chart...I missed that. Bought some QID at 18.78, 18,77 and 18.76 for a day trade. The index has blown out the top of the BB and the DI- is almost max down. Should get a brief but meaningful pullback.
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=3&dy=0&id=p57063513547
Then buy longs again.
1. How can you have a FACT for something that has yet to happen?
2. I thought the plan was AFFORDABLE health care, not lowering government spending at the cost of the working taxpayer.
We intend to sell our house in the spring. I am hoping for lower rates for selfish reasons. After that, I don't care...well I do, but the FED is artificially lowering rates, so it's only a matter of time.
The problem is that if rates stay at the 4.375 to 4.50 area, any hint of letting off the bond buying is going to send them north. It not an if, but a when. Can't these turds do anything in moderation?
The Obama Care program will actually reduce government spending.
GDL, that has yet to be seen. Never make assumptions...especially when it comes to propaganda put out by the government.
Seems like happy mortgage days are here again.
Blue lines indicate target zones.
http://stockcharts.com/h-sc/ui?s=$TNX&p=W&yr=5&mn=0&dy=0&id=p53162970359&a=288272662&listNum=1
Nice to see. The problem with the Affordable Care Act is that there is nothing affordable about it. It's just a nice jingle. We absolutely have to reduce costs. The first step is to reduce lawsuits. Doctors and hospitals order all kinds of extra non-necessary tests to make triple sure the patient is OK and that is wasting money. It would also serve to lower malpractice insurance.
SPX feeling the love, NDX not so much.
Holy cow. You're dating us.
Bastages...
I started a new RYDEX NDX position now. 9:30cst cut off the ndx is down 13, 9:45 buy time we're down 5. Free market...hahaha. And now they are dropping it again.
Hourly ndx and spx now oversold in an uptrend.
Watching 1680 and the $VIX.
http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=0&mn=8&dy=0&id=p52025019122&a=287788386&listNum=1
Record...going back how long?
For all you hockey fans...
Here is a funny video of Teemu Selanne deciding on his come back for his 20th season at the age of 43.
http://msn.foxsports.com/video/NHL?vid=38c15323-9491-4804-8d6b-c87deea633c8&from=foxsports/nhl/stories
Sold 1/2 RYDEX longs at today's AM price. Trend is up IMO, but yes, we are due a breather.
Cadillac, good for you. My trading is done with about 10% of my investable liquid assets. I never buy individual stocks any more. Too risky IMO. I use Interactive Brokers, where the trades cost me $1 so there is minimal slippage.
Bought SDS at 36.67 sold sds at 36.83 on the 10 min chart being oversold.