exactly my guess...
Short term trades in the stock market •$$$$$•
- Thread starter TNTBudSticker
- Start date
exactly my guess...
waiting for these rumors when trading the NQ or ES is $$$$$$$
there will be a referendum
no wait, there won't be
yes, there will be, I changed my mind
no wait, there won't be
yes, there will be, I changed my mind
You just can't make this shit up.
I'd be willing to bet that the Greek Prime Minister's financial advisor is the first one to get the news too, or rumors to be more accurate.
He made a fortune today three times.
He made a fortune today three times.
You know he is making what he can so he can cash out and haul ass off the sinking ship and go hide somewhere.
Rumor mill and how it moves the market is insane. Insiders are making a killing frontrunning these bombs.
Rumor mill and how it moves the market is insane. Insiders are making a killing frontrunning these bombs.
Some Wild News came through the local paper about China trying to avoid a "Hard landing" being that it has to maintain a 8% growth to keep enough people employed to maintain "it's social and political stability."
It had a 9.5% with Argentina and Indonesia following behind in the April-June Quarter.
Another Professor put a "Hard landing at 50-50"
A Hard landing is a Growth of 5% or less.
The IMF says China is expected to do 9% for 2012.
Growth is slowing worldwide,weakening from a year earlier in 19 of 26 Countries.China accounts for 1/3 this year.
After Europe and anything East gets settled down.It's China's Turn.
Hope it was worth 25 cents that I Paid the paper it's printed on.Since I haven't bought Any newspapers for over 6 months.
It had a 9.5% with Argentina and Indonesia following behind in the April-June Quarter.
Another Professor put a "Hard landing at 50-50"
A Hard landing is a Growth of 5% or less.
The IMF says China is expected to do 9% for 2012.
Growth is slowing worldwide,weakening from a year earlier in 19 of 26 Countries.China accounts for 1/3 this year.
After Europe and anything East gets settled down.It's China's Turn.
Hope it was worth 25 cents that I Paid the paper it's printed on.Since I haven't bought Any newspapers for over 6 months.
China has screwed the Neo-Keyensian pooch just like everyone else. Their bubble and problems associated are multiples times worse than the western world.
IMF and EU just pulled aid from Greece until the, now Dec 4th, vote on whether they will stay in the EU or default and abandon the silly monetary experiment. So no $8bil kitty until the vote. Greece will probably run out of cash before then so I'm not sure how that's going to work.
G-Pap has to survive the no confidence vote on Friday. If he goes down and his government falls then............
Ireland's Finance Minister reiterated that the ECB must print or Neo-Europe concept will perish.
IMF and EU just pulled aid from Greece until the, now Dec 4th, vote on whether they will stay in the EU or default and abandon the silly monetary experiment. So no $8bil kitty until the vote. Greece will probably run out of cash before then so I'm not sure how that's going to work.
G-Pap has to survive the no confidence vote on Friday. If he goes down and his government falls then............
Ireland's Finance Minister reiterated that the ECB must print or Neo-Europe concept will perish.
Italy is withering on the vine. Austerity vote fails. Risk off tomorrow?
Game Over Berlusconi? Italian Anti-Crisis Bill Fails
Game Over Berlusconi? Italian Anti-Crisis Bill Fails
N
Nondual
This thread really has nothing to do with Short Term Trades in the Stock Market any more and hasn't for awhile.
Let the diatribe and soap box speeches continue. My vote would be to re-title this thread but that ain't gonna happen.
Have fun guys
Let the diatribe and soap box speeches continue. My vote would be to re-title this thread but that ain't gonna happen.
Have fun guys
Why are you whining? People respond to you when you post your stock picks.
I just called risk off tomorrow. Place your shorts. That's a short term trade homie.
Big financial news trumps any kind of technicals or short term fundamentals used to determine an entry or exit position for any short term trade.
I do think most of this type of news and discussion can be useful in short term trading. Its hard to trade on technicals or fundamentals alone in this type of financial atmosphere, so to trade successfully you must be on alert for the minute to minute news.
Even if you take a position that has technical and fundamental opportunity, there is so much news/rumors coming out the volitility from it is likely to take you out.
Its a circus out there right now, and its entertaining to watch.
I do think most of this type of news and discussion can be useful in short term trading. Its hard to trade on technicals or fundamentals alone in this type of financial atmosphere, so to trade successfully you must be on alert for the minute to minute news.
Even if you take a position that has technical and fundamental opportunity, there is so much news/rumors coming out the volitility from it is likely to take you out.
Its a circus out there right now, and its entertaining to watch.
Rumor that the Greek referendeum is OFF. EUROPE IS SAVED!! Risk on. EUR?/USD rallying! Europe rallying!
Rumor that G-Pap may resign. Wait, now rumor that he won't resign. Wait rumor of a big Press Conference. Wait Press Conference has been delayed and may not be held. Wait, now no one knows if Press confernce will be held, but it doesn't matter. EUROPE IS SAVED!!!
RISK ON!!
And that was just this morning. Should be a fun day. Risk ON! (note: I'm right 50% of the time.
)
Rumor that G-Pap may resign. Wait, now rumor that he won't resign. Wait rumor of a big Press Conference. Wait Press Conference has been delayed and may not be held. Wait, now no one knows if Press confernce will be held, but it doesn't matter. EUROPE IS SAVED!!!
RISK ON!!
And that was just this morning. Should be a fun day. Risk ON! (note: I'm right 50% of the time.
)
The chaos coming out of Europe isn't the only big news this morning. Jefferies, another Federal Reserve Primary Dealer is collapsing. The stock has been halted twice already today as the bank runs on the cockroaches intensifies.
Jefferies -20%, Halted, Unhalted, Halted As Market Seems To Have Found The Next MF
Jefferies -20%, Halted, Unhalted, Halted As Market Seems To Have Found The Next MF
UPDATE 3: JEF halted again
UPDATE 2: JEF resumes trading, dead cat bounce
UPDATE: -20% now, halted
Presented without comment suffice to say that while everyone is focusing on Europe, the US may be about to have its second failed Primary Dealer in a week (and to note the cockroach reference from yesterday):
how typical is this of the globalist?
The Greek PM says "lets have a referendum", then the Greek parliament says, "If you have a referendum, we will vote you out of office and have new elections."
Oh no, let the people decide which hell hole they want to go down, they couldn't possible decide on something like that, after all, its not like its their money we're dealing with here. Oh, wait, yes it is... ...uh... ...we know better than them how to manage their money! Look at how well we've managed so far!
The Greek PM says "lets have a referendum", then the Greek parliament says, "If you have a referendum, we will vote you out of office and have new elections."
Oh no, let the people decide which hell hole they want to go down, they couldn't possible decide on something like that, after all, its not like its their money we're dealing with here. Oh, wait, yes it is... ...uh... ...we know better than them how to manage their money! Look at how well we've managed so far!
Greece referendum has been CANCELLED, again. This time per AP. Might be for real this time.
Risk on.
Wonder how the Greek people are going to respond? I'm bullish malatov cocktails and civil unrest. Silly G-Pap should know better than to try and give the people a say in their future. Slaves don't get to have a voice. Merkozy may have finally lined him out. "Bad slave, bad slave, get back in your cage."
Risk on.
Wonder how the Greek people are going to respond? I'm bullish malatov cocktails and civil unrest. Silly G-Pap should know better than to try and give the people a say in their future. Slaves don't get to have a voice. Merkozy may have finally lined him out. "Bad slave, bad slave, get back in your cage."
Some of the Short term trades became holds from earlier the thread.Pick out a stock from earlier in the thread and it can't be helped if it's a Running Bull all this time.Weekly picks not really necessary unless someone has something to give.It's fun if you want to.
I was watching if you want to know the last 2 weeks are PRE,OXGN,CVI,CMI.
The first 2 the first week and the last two last week beginning the 3rd week for all 4 stocks.Purely good trades if you don't get your butt handed to you by not being experience.
My other portfolio is screaming very Bearish so..I can't say yet but..it's been right more than me noticing.
Anyone seen the movie "Margin Call"? I haven't made it to the theaters to see it yet.
Big one coming tomorrow from the MF Global collapse. Wonder who is going to make the movie about this one?
MF Global Clients Face Day of Reckoning as Margins Call CNBC
MF Bankruptcy Causes Biggest Foreign Bank Liquidity Scramble To 'Fed Safety' Ever, Harbinger Of Major Eurobank Stress
Big one coming tomorrow from the MF Global collapse. Wonder who is going to make the movie about this one?
MF Global Clients Face Day of Reckoning as Margins Call CNBC
MF Global may infect the European banks too. Liquidity is getting tight. Dexia, MF Global, Jefferies maybe? Counter-party risk may becoming a problem.
MF Bankruptcy Causes Biggest Foreign Bank Liquidity Scramble To 'Fed Safety' Ever, Harbinger Of Major Eurobank Stress
When Lehman filed for bankruptcy in that fateful week of September 2008, one thing caught everyone's attention: the epic surge in the Fed Reverse Repos originated by "foreign official and international accounts": essentially cash placed at the Fed by foreign institutions in exchange for collateral, primarily in the form of Treasurys, as well as other securities. This is nothing but an immediate cash parking in a 'safe place', which withdraws overall liquidity from the market, and as has been noted elsewhere, serves as an indirect gauge of banking system funding stress. In the week of September 24, this number soared from $46.6 to $93.7 billion, a $44 billion increase, or the single biggest jump in the history of the series. Well, as the chart below demonstrates, what happened with MF Global caught foreign banks, which as we have noted over the past several weeks have been dumping US Treasury and MBS paper, entirely by surprise as they scrambled to withdraw the last traces of available liquidity from the market, and to place as much of it as possible within the safety (and we use the term loosely) of the Fed. In the just released H.4.1 update, foreign Reverse Repos with the Fed soared from $81.3 billion to $124.5 billion, the most ever, and a weekly surge of $43.2 billion, the second largest ever, second only to the Lehman collapse. Furthermore, as noted daily, European banks have been doing precisely that with local cash from non-US subsidiaries, and parking near record amounts with the ECB (today the European central bank disclosed a whopping €253 billion had been deposited with it: just shy of the 2011 high), even as they have been dumping US Treasurys on one hand, and now are forced to repo what little paper they have left with the Fed due to systemic uncertainties in the MF aftermath, one can see why suddenly there was absolutely no liquidity left in the market, and why the meager €3 billion EFSF bond offering, so desperately needed to fund the ongoing Irish bailout and which incidentally is the story of the week, had to be pulled.
Behold the surge in weekly international reverse repos:
And the total weekly international reverse repo notional: we have a new all time record!
As the chart below shows, Fed reverse repo notionals are a very distinct leading indicator to the inverse performance of European financial stocks. Considering this, it would stand to reason that European banks are set to have some very turbulent upcoming days, as the money which should be in the market and be used to buoy European fin stocks, is far, far away, parked at some server located at Liberty 33.
The moral of the story is that the MF Global bankruptcy happened at the worst possible time. On one hand, European banks have been dumping tens of billions of US Treasurys, yet with the aftermath of this primary dealer bankruptcy, they have had to halt such sales and instead pledge USTs as collateral, thereby completely soaking up all incremental liquidity in the market. Recall that reverse repos are used by the Fed as a liquidity absorbing mechanism.
Which means that, all else equal, the pain for European banks, courtesy of the allegedly criminal mismanagement of the company of one Jon Corzine, is about to hit previously unseen levels.
Pretty Cool day for all these Stock except for OXGN...All finished in the green even with the Dow down -180 and finishing -61.
Usually I carry 2 Portfolios and read off the market between good strong stocks and the momentum stocks or just a bunch of good stocks.One Portfolio is usually in the green and One Portfolio is usually in the red.Today...Both were in the green and it seems buying on the dip might hold true still in the market rather than playing the short side and waiting for the market to fall on it's face.It fell on it's face at 6600.Now it may be just getting up with it's butt first in the air.
As bad as all the news is I reckon the shorts are more scared than the longs.
