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

[SpasticGramps]

Oscillating between BTFD and STFB (Sell The Fucking Bounce)?

Congrats America, these past four days have been the most volatile in our exchanges history. Tomorrow's close should be interesting. No one is going to hold into the weekend.

-635; +430; -520 ; +423

When one sees a chart such as the one below, what can one say but... Bull Market! And "Fed-generated Price Stability" of course. For the first time in history, the Dow has moved up and down by over 400 points. And in the last 5 minutes we see a 20 point drop in ES. All in a day's work for schizophrenics. And now, we are all reminded yet again that Europe still exists, as do its markets, and tomorrow should be a truly fantastic day for "The Price Stability."

I think when June and the end of QEII comes the volatility is going to make some of us throw up.

 

[CascadeFarmer]

http://foxnewsinsider.com/2011/06/27/vote-who-can-beat-obama-in-2012/

What I'd really like to see when peeps just post a link is some kind of synopsis on what their take is on the information container therein.

AUY even more overbought now. NUS has held up amazingly well for anybody in the bull camp at this point. Didn't even sell off on much volume compared to the general market during the last stretch and a pretty darn quiet base. Uber strong stock in this enviro and coming out of a minor oversold situation.

Another up day on lower volume. Hopefully there's a trap building for another good short entry.

Or, you could just go leveraged short the entire market (or leveraged long gold) and forget about it for a month or two or more. Don't have to be married to your computer screen that way.

That's one of the reason I like trading the QQQ options. The Q's are the meat of the tech part of the NASDAQ. I trade the Q's and I trade the tech sector. When talking leveraged are you saying on margin, options or futures? For sure if I was leveraged I'd want to watch things even if playing the general market. Options and futures expire. Leveraged positions on margin don't unless you're dealing with a margin call. As always it's about timing and making the best entry you can and if you time it right you still need, IMO, to lock in profits at some point.

 

[bentom187]

ron paul is voted as the man to beat obama in 2012. hes got a 40% rating while bachman has 27% in second place.

 

[SpasticGramps]

nm

 

[SpasticGramps]

Black Friday Part Deux?

Beneath the Market's Swings, Some Real Cause for Worry CNBC

In the never-ending market battle between fear and greed, fear is clearly winning these days, but not without reason.

Contagion from European debt problems, the instability of U.S. public finances [cnbc explains] and an ever-weakening economic outlook all have contributed fundamental underpinnings to the wild market swings.

So whether this equals, falls short of, or exceeds the financial crisis of 2008 hardly seems to matter—investors are afraid, very afraid, and the question as much as anything in the minds of many market pros will be what soothes that fear.

"Everyone’s soul has been tested and tested again in the past week," hedge fund manager Dennis Gartman wrote in his daily newsletter Thursday. "The abject randomness of the past several trading days has been extraordinary and we can honestly say that in our 35-plus years of trading we’ve never seen anything quite such as we’ve seen recently."

At least that part sounds like 2008.

But the crisis essentially began with murmurs that grew to a crescendo about the stability of the Street's most notable names—at first the seemingly indestructible Bear Stearns.

Then, like now, rumors of Bear's lack of liquidity were dismissed initially, then seemed to feed on themselves until the investment bank became crushed under a campaign by short sellers. The shorts spread the word of troubles at Bear, leading to more short selling [cnbc explains] and ultimately a refusal by its trading partners to provide it the overnight cash essential to the bank's ability to do business.

It is the dismissal of the rumors initially that sounds most like the current story.

Addressing stories that French banks were about to crumble, Gartman wrote: "To believe that the banks in France are insolvent and that their demise is imminent is almost certainly wrong, and the rumors are ever more certainly overblown to a very, very large degree."

Three years later, though, and it's not just chatter about byzantine investment banks. Now there are economic frailties to underscore the weakness that has sent markets tumbling.

Gone nearly unnoticed Thursday, for instance, was a report showing the U.S. trade deficit swelling to $53.1 billion, more than 10 percent higher than projected. Sometimes, trade deficits can widen for good reason, like higher consumer demand for imports.

But in this case, the imbalance was because other countries simply weren't buying American-made goods.

Exports fell by a staggering 2.3 percent from the previous month, as growth in exports with US free-trade partners Canada and Mexico—under the umbrella of the North American Free Trade Agreement, or NAFTA—fell to 8.5 percent and 18.7 percent in June from 14.3 percent and 25.5 percent in May.

The overall story in the trade imbalance is that U.S. gross domestic product (GDP), already well below normal for this point in what is supposed to be a recovery, will weaken more. Nomura Securities said it was cutting its tracking estimate for second quarter GDP, already at an anemic 1.3 percent, "several tenths" lower.

"Looking ahead, the global slowdown in manufacturing activity could drive down exports further, and the normalization of U.S. operation by Japanese automakers could increase parts imports," Nomura economist Aichi Amemiya said in a note. "Against this backdrop, we doubt the trade balance will shrink significantly over the next few months."

Trade, of course, is only one metric.

U.S. banks, despite a persistent narrative of being well-capitalized and without major exposure to the European debt crisis, have gotten pummeled lately.

Analyst Dick Bove at Rochdale Securities says he knows why: More restrictive capital requirements and near-zero interest rates set at the Federal Reserve [cnbc explains] that make lending neither easy nor lucrative, a trend that will make it difficult for the economy to grow.

"If one thinks through these limitations it can be seen that banks must shrink their balance sheets and change their business patterns to maintain their profits. What they are unlikely to do is to expand their lending activities in order to grow the economy," Bove wrote in a lengthy banking analysis Thursday.

"However, the Federal Reserve is suggesting that the economy is unlikely to grow," he wrote. "If the Fed is prescient, then banks are facing higher loan losses, lower loan volume, and reduced margins on a wide array of banking products. The outlook is not appealing."

In fact, Bove insists that what is happening now is merely a continuation, and not a second iteration, of what happened in 2008, as losses moved from private balance sheets to the public.

"Even though the United States is able to both print and borrow money, it is as bankrupt as the Europeans," Bove wrote. "Covering deficits and paying debt with borrowed funds, some of which is newly printed, does not constitute meeting debt service requirements."

The worries in the market, then, seem to be as substantive as they are superstitious that a crisis lurks somewhere, even if investors aren't able to pinpoint exactly where.
Asked whether the market was merely having a knee-jerk reaction to fear or taking a more careful measure of fundamentals, Rick Bensignor, chief market strategist at Dahlman Rose in New York, said, "Can I answer both questions 'Yes'?"
"There's paranoia and there are real reasons," he said. "There's been a real repricing of risk in the markets."

Tinfoil hats. $1,000. That's inflation. You can thank Bernanke.

There's paranoia and there are real reasons.

 

[CascadeFarmer]

ron paul is voted as the man to beat obama in 2012. hes got a 40% rating while bachman has 27% in second place.

Thx...I do appreciate that. I'd take Bachman over Palin any day but that ain't saying much...lol

 

[SpasticGramps]

The desperation is getting more palatable. The last ditch effort for the central planners is employed. 15 days gets us to Jackson Hole.

Belgium, France, Italy, Spain Overrule European Regulator, To Impose Standalone Short-Selling Bans

Stop the presses. Barely did we have time to report that European regulators failed to impose a coordinated short selling ban, that Bloomberg reports that the countries most impact by the market plunge are about to impose standalone short-selling bans. These are Belgium, Italy, Spain and France. In other words, it really is on and the 2008 Lehman PTSD flashbacks may now resume. Until we get a headline that says it isn't. The rescue of the Borsa Italian is now more schizophrenic than that of Greece. As a reminder, in the previous post the FT quoted Abraham Lioui, a professor at the Edhec business school in France, who said “It is the worst thing to do right now. This would signal to the market there may be something fundamentally bad that is happening." He is correct. Something is fundamentally very wrong and about to break.

And as a reminder, here is what happened to US financials after the September 18, 2008 SEC ban on shorting:

 

[RetroGrow]

My strategy worked today, big time.
I saw the climactic sell off yesterday and went all in long.
Worked out this time to perfection.
Now, with these 400-500 point moves every day, it's hard to say what comes next, but the big moves have been alternating, so my guess is a down day tomorrow

RON PAUL FOR PRESIDENT!!!!!!!!!

 

[robbiedublu]

What I'd really like to see when peeps just post a link is some kind of synopsis on what their take is on the information container therein.

AUY even more overbought now. NUS has held up amazingly well for anybody in the bull camp at this point. Didn't even sell off on much volume compared to the general market during the last stretch and a pretty darn quiet base. Uber strong stock in this enviro and coming out of a minor oversold situation.

Another up day on lower volume. Hopefully there's a trap building for another good short entry.

That's one of the reason I like trading the QQQ options. The Q's are the meat of the tech part of the NASDAQ. I trade the Q's and I trade the tech sector. When talking leveraged are you saying on margin, options or futures? For sure if I was leveraged I'd want to watch things even if playing the general market. Options and futures expire. Leveraged positions on margin don't unless you're dealing with a margin call. As always it's about timing and making the best entry you can and if you time it right you still need, IMO, to lock in profits at some point.

I don't trade options or futures. I don't TRADE anything. I just buy and sell ETFs, usually leveraged ETFs but not always. Mostly s&p500 and gold because it's easy to see which way they're going over the long run.

Stop the presses. Barely did we have time to report that European regulators failed to impose a coordinated short selling ban, that Bloomberg reports that the countries most impact by the market plunge are about to impose standalone short-selling bans. These are Belgium, Italy, Spain and France.

That always works. BWAHAHAHAHA!!

 

[SpasticGramps]

That always works. BWAHAHAHAHA!!

Right lol? F'ing tards. Europe has left the building.

 

[turbolaser4528]

Idk whats going to happen but things are getting out of control.

Britain is rioting, middle east rioting/civil wars, protesters being gunned down, US economy is in the shitter, how long are we talking here guys?


May go to the camping store tomorrow, never thought this would actually happen..

 

[Sam the Caveman]

I wouldn't get too scared until the S&P hits 900, by then every retired person who used to have a retirement fund will be protesting in DC.

 

[SpasticGramps]

how long are we talking here guys?

"Covering deficits and paying debt with borrowed funds, some of which is newly printed, does not constitute meeting debt service requirements."

And therein lies the rub. We defaulted a long time ago. The music stopped a long time ago, but everyone was aimlessy dancing around until the Middle East left the building. Now Europe has the door open and one foot out. We Americans are so inebriated on the kool aid and monopoly money that we'll wake up one day on the dance floor by ourselves.

SC makes a good quantification of it most likely.

Days, Months, Years, no one really knows. The direction is by all reasonable standards certain though.

 

[CascadeFarmer]

I don't trade options or futures. I don't TRADE anything. I just buy and sell ETFs, usually leveraged ETFs but not always.

OK let's define what 'TRADE' means. Since this is a thread about trading. How long would someone have to hold something before it's not considered 'TRADING'. Is it a week, month, year? I mean seriously.

 

[iSMOKE.KUSH]

yeah. i think we have a little while atleast. i just started to really get my affairs in order this past 2 months. depends on how long people want to keep playing the ponzi game because they can keep printing money forever hahaha

this is just one big move towards globalization. surprised no one has said it. the way the leaders of almost every major country in the world are acting, it seems like they are trying to ruin the economy. look at europe...what a fucking joke. and the fed? even more laughable. once everything is down the fucking shitter say hello to the new and improved global fiat currency. it could happen...

 

[Sam the Caveman]

If you are buying or selling anything, isn't that trading?

Your trading money for something. USD/______

 

[iSMOKE.KUSH]

"Covering deficits and paying debt with borrowed funds, some of which is newly printed, does not constitute meeting debt service requirements."

we aren't paying debt with borrowed funds...we aren't paying down any debt at all. we are borrowing money to pay the interest on money we already borrowed...

 

[SpasticGramps]

I don't TRADE anything.

I don't get that either. Of course you are trading. Exchanging one item for another is considered "trading".

 

[SpasticGramps]

we aren't paying debt with borrowed funds...we aren't paying down any debt at all. we are borrowing money to pay the interest on money we already borrowed...

Yes, correct. The Keynesian Endpoint.

 

[CascadeFarmer]

this is just one big move towards globalization. surprised no one has said it. the way the leaders of almost every major country in the world are acting, it seems like they are trying to ruin the economy. look at europe...what a fucking joke. and the fed? even more laughable. once everything is down the fucking shitter say hello to the new and improved global fiat currency. it could happen...

There's an interesting movie called End Game. It's too long and contains a lot of information, some of it leaning toward or straight out conspiracy stuff, but still stuff I've been reading and hearing about for 25 years.

There's people in power, and have been for a long time, that have a long term plan...IMO. What did one of the Rothchild's say...I don't need to control a country but just their currency? Something like that.