Short term trades in the stock market •$$$$$•

[CascadeFarmer]

Not saying there isn't a case for the bulls. Bear markets tend to have huge rallies, but a 630pt swing in the final hour of trading?

There is no case for the bulls. Interesting to see the disparity in gold stocks getting a boost while gold goes up and silver stocks getting slammed while silver goes up. Today silver retreated yet silver stocks got bought up from their very oversold status. Silver stocks were already a bit washed out before this recent debacle. For all you guys buying physical silver it needs to come from somewhere.

As the the bear market thing...I spent some time studying with Chris Manning, who's not very well known but an excellent technical trader, and he said that everything in bear markets work about the same technical wise except stocks hit your target points faster. I'm talking about classical chart patterns.

Like I posted a few days ago I thought it was VERY interesting that IBD now offers a course on short trading for bear markets.

 

[SpasticGramps]

depression you say?...better by stocks

LOL right? Exactly what Bernanke is doing. Pushing all the money managers who manage grandma and papa's retirement fund into high risk assets as everything else is totally dead now as far as yields go. When equities finally die everyone gets wiped out at once.

 

[The iD]

the market movers in silver are cutting out the middleman and going directly to the mines to purchase their AG. JPM and the bankstahs are short silver, while they are very long gold, so i bet theyre holding it down as well. the banks are hoarding that yellow metal in anticipation of the reset. industrial pullback is hurting silver as well. gold has always been king while silver is the peasants' metal. when the dealers run low or out of supply due to it being diverted straight to consumers, we will likely see a spike in physical spot price. i think the same is going on in gold, and that these paper prices are going to plummet, while the actual metal is expensive and hard to obtain, after they ride down together and then decouple first. thats my last gold buying entry i think.

hopefully this market stays full retard for a couple more days so i can finish strengthening my bear position and fire off these calls i thought were dead money. trap is set, let 'em pile in, then clean 'em out. FrAAnce, thats your queue. then more shit burns, and the US population continues to do whatever its doing. think this about sums it up:

Cotton McKnight: I'm being told that Average Joe's does not have enough players and will be forfeiting the championship match.
Pepper Brooks: It's a bold strategy, Cotton. Let's see if it pays off for 'em.

double OT for USSAA, outlook negative. stay frosty,

-iD

 

[SpasticGramps]

I highly suggest reading the entire article from the link. Andy Lee of UBS (runs a macro trading desk).

Must Read: UBS' Andy Lees On Why The US Economy Is, All Else Equal, Doomed

"With all the mess going on at the moment, I thought it was worth while stepping back a little and trying to look at the bigger picture." So begins Andy Lees' latest must read letter to clients whch explains succinctly virtually the entire story of where we were, how we got to where are now, how the current trajectory is unsustainable, why due to decades of capital misallocation anything that the Fed does now is essentially irrelevant, why our untenable debt pile does nothing but perpetuate an unsustainable ponzi scheme which will result in an unseen explosion in the true cost of capital: gold, and why the bond market will eventually, and inevitably, force an epic repricing in the cost of non-gold capital absent the arrival of the deux ex machina of real, actionable innovation that the Fed, and all global central planners, keep hoping for. Because the longer we keep plugging away with that worthless substitute, financial innovation, which is anything but, the greater the final collapse. Andy's conclusion: "Until the debt is cleared and capital starts to be properly allocated, economic growth per unit of additional debt will continue to sour. Until we get some real breakthrough technology, requiring large amounts of capital to both innovate and then roll out, we have no chance of supporting the economy." Too bad than that this absolutely spot on observation reflect precisely the opposite of what the Fed is pursuing. Which is why, all else equal, and it will be unless the Fed is finally eliminated from existence, America, and the entire western way of life, is doomed... But don't take our word for it. Here is Andy.

 

[CascadeFarmer]

the market movers in silver are cutting out the middleman and going directly to the mines to purchase their AG. JPM and the bankstahs are short silver, while they are very long gold, so i bet theyre holding it down as well. the banks are hoarding that yellow metal in anticipation of the reset. industrial pullback is hurting silver as well. gold has always been king while silver is the peasants' metal.

I read in an article yesterday and should have quoted it where they said central banks, or banks in general (?) or something like that, have already bought more gold this year to date than all of last year. Once the 'one world' currency happens then that gold can easily be exchanged. I'd rather have gold preparing for that than just about any individual currency at this point.

As for silver...I agree a peasants metal and much more volatile than gold in the past little bit. Still though with the run up in gold the peasants need an alternative. Maybe on the street gold for large transactions but for everyday stuff silver will do just fine. I mean how small of a piece of gold will you need to buy a few gallons of gas...lol.

 

[tr1ck_]

Someone tell me how Bank of America gained 17%? Not sure why anyone is investing in that dieing animal. That's like enrolling a stage 5 cancer patient who just got diagnosed with full blown aids into med school on student loans. I don't see how that purchase could end nicely, time to short

 

[The iD]

whats sick is they wont even have to exchange their gold. they will be able to borrow or print on their possession of that gold, and start the great process of fiat devaluation all over again. just w/ a Chimericausdeu$.

dont get me wrong, im long fizz silver. im buying that shit until it hits 40$/oz. im loving this depressed price. i plan on holding until i can trade it 1:1 for gold. im long physical ANYTHING. if it holds value, all the better. i just predict paper everything being worthless, except books or blank paper. its just everything is massively controlled, and getting more so. TPTB even rallied London sheep w/ brooms to rout the rioters via Twitter and Facebook. this is how the game is played, psychologically. and thats how BAC gains 17%. force the herd where you want them to go, then slaughter them. also, JPM will be buying them sooner or later. equities havent gotten any less risky, just 2yr5yr has gotten less profitable. lol, best of luck w/ the aapl longs. OT2 is not monetization. maybe next month? only time will tell.

listening to Marc Faber only reaffirms my positions. hes chilling in Thailand. smart fuggin' dood. wonder where Schiff and the rest of the goldbugs are hiding. stay frosty,

-iD

 

[SpasticGramps]

As for silver...I agree a peasants metal and much more volatile than gold in the past little bit.

Go peasants!!


Here's a link to the Faber interview you were allduing to iD. Good stuff. Homeboy is just chillin in Thailand laughing at the Bloomberg goobers.

This Shoreline is great!!

 

[iSMOKE.KUSH]

I LOVE IT

http://www.megrobertson.com/post/8708219865/dylan-ratigan-mad-as-hell-his-epic-network-moment

dylan ratigan..love it

 

[bentom187]

i liked it untill he started talking about speacial banks we got one called the fed. they dont work.

 

[TNTBudSticker]

History points to a bounce.SomeOne looked back at all the times since 1950 that the S&P 500 had sunk at least 5% in one day to a six-month low after having already lost at least 5% in the previous week. In all five cases -- 1962, 1987, 1998, and twice in 2008 -- stocks rebounded strongly during the next several sessions.

The median gain three days later was nearly 10%, with a max gain of nearly 15% and a max loss of 3.7%

The McClellan Oscillator,which is a measure of breadth momentum. Right now,the measure has dropped to a level that has been seen only four other times over the past 11 years.One was the 9/11 sell-off.The other was in October 2008 after Fed Chairman Ben Bernanke seemed to downplay the need for additional monetary policy stimulus at a time when interest rates were near 2% even as the financial system was collapsing.The other two were during last summer's "flash crash" and eurozone collapse.

Some Speculation for the Shorts to Think About using Wide scales.

(In all four cases,the deep oversold reading marked a point of maximum downward velocity.Back in 2008,which is probably most like our current predicament,stocks bounced more than 10% in the days that followed.)This has happened Already.Someone quoted that this Summer will be a case on increased volatility.

 

[TNTBudSticker]

Out of the 429 points up Tuesday...Seems we're getting back 250 of it.Down 255 Futures this morning.

Gold is up again ;-) $26 at $1769 troy ounce

and a Nice bowel of Wake and Bake. Blubonic by SOL

GoldBonic ?...Yea that.

 

[SpasticGramps]

Looks like another fun day.

S&P @ -3.5%

DOW @ -3.7% (~400pts)

 

[SpasticGramps]

Europe is collapsing into the close. All markets down ~4-5%. Italy down 6%+. Some Korean stock trader just jumped out of the window after sending a text message suicide note.

Rumors of banks on the verge and a French downgrade are spreading. Shit is getting real.

 

[Bobby Stainless]

Txt message suicide notes...

 

[iSMOKE.KUSH]

goodbye cruel world

/icmag suicide note

 

[CascadeFarmer]

AUY, the gold stock I mentioned recently, providing a nice pop today with strong volume over recent days coming out of a nice long consolidation.

 

[CascadeFarmer]

History points to a bounce.SomeOne looked back at all the times since 1950 that the S&P 500 had sunk at least 5% in one day to a six-month low after having already lost at least 5% in the previous week. In all five cases -- 1962, 1987, 1998, and twice in 2008 -- stocks rebounded strongly during the next several sessions.

This is something very different and think we are charting new territory. There is always the first time for everything and this is shaping up to be it.

 

[Hydrosun]

This is something very different and think we are charting new territory. There is always the first time for everything and this is shaping up to be it.

It is different this time? I hear bells ringing in the "I've heard this before" part of my brain.

Sure it will be different on the final death throw, but until the absolute last ride on the ponzi roller coaster it will be as it has been historically.

The cycle and oscillations are increasing in magnitude and frequency making the breaking point approach rapidly and at an ever increasing pace.

I feel for the young.

 

[SpasticGramps]

Txt message suicide notes...

Right? New age suicide note. Going to be a lot more of them if we keep this up.