nasdaq made a new high overnight, it looks like there is decent support, but lets see how well that holds up in today's session. at the moment it is impulsing higher, and correcting lower, maybe that continues and it just keeps going higher.
Semiconductors continue to see large Geopolitical Risks building. American Consumers have purchased their Fill. Computers, White Goods, Autos.... etal. Q3 EPS will be disappointing - EPS, Guidance, Demand. Shortages and the inherent risk have not been priced in as this event remains in waiting. VXM is squatting on Lows once again... sideways to down is our...
tough environment today. I don't like what I'm seeing in the open. I like my moves to be snappy and crisp in the morning, and I'm not seeing that even remotely. Very much sideways, with a slight upward slope. My bias at the beginning of the day was short, kind of expecting some buyer exhaustion to take effect, but that hasn't been the case. We are trickling...
nothing but upwards. I'm happy for the market, but this is a little crazy what it's doing to the nasdaq. All of the e-minis caught a similar influx of buyer activity. Some of them were relatively low, so now they look normal, however, the nq was really strong previously, so now it looks overbought. the recent move made new highs in the es and the nq, but not in...
nq has been taking off along with the rest of the e-mini's. kind of nuts, but here we are.
MNQ STO - 10 x 15365 MNQ STO - 5 x 15360 MNQ STO - 5 x 15355 MNQ STO - 5 x 15350 EQ - 2.5 NQ Sells After Kaplans later Friday reversal, the die was cast for the cartoonish over throw. Our Initial Target from 3 weeks ago was 15363, this target was met and exceeded in the NQ SEP CT @ 15384. We will continue to use SEP as the BTO Hedge, we closed 2 NQ from 170...
Thank the Stars we got the push off the .22 ES/M2. It had dipped in, indicating the Stop Run would complete by Tuesday. This will be taken away far quicker than the chaser will comprehend. We are loading the proverbial woodshed with SELLS. BR/VG tossed a bunch of Jing to position for protection... we did as well. All Buy to opens across the YM ES RTY NQ were...
nasdaq was doing everything it could to make a big correction, and it couldn't. I don't know what's propping the market up, but it must be buyers. It did take a pretty deep plunge before finding liquidity, so that might be enough to satisfy the bearish move for a while. I'm getting the news to you pretty late, as I said, this caught me by surprise.
NQ December Price Objectives on throw-overs into September Date Markers from July 15 - August 21. Price Extensions are congruent with the last 4:02PM EST stop run where Price moved up 100s of points in minutes. We will Use September as the Hedge for Trading Long. We anticipate a Decline from to begin between now and the outliers to September 21st,...
Nothing to see here, of course. Unless you are a student of History and well versed in the prior Financial Crisis of 2004 - 2008. We identified the issues with respect to RMBS in March of 2004, published it and waited ~ 13 months for it to unfold. A year later the Equities Complex began to see large distortions which resulted in a 10X leverUp by the Fed...
The Peak for Intermediate Margin Debt peaked in July. After 15 months of elevation... It has declined 4.48% as Fear and Uncertainty have taken ahold... this appeared in the most recent release in Consumer Confidence, which Collapsed. Although the Gross Notional is nowhere near the highs as a percentage of Total Assets Value, as we have repeatedly indicated,...
No tickie, No laundry. Simple really,. Where has it left us, this historical Credit Cycle? Here: A collapse in Global Economic Activity. The Highest ROC for Inflation in History. The greatest unwind of Consumer Confidence in History. The sharpest declines for Both M1/M2 Velocities in History. The Lowest percentage of Employed Workers in History. The...
Since 2002 when GSCO's Timothy Bitsberger's began his reign as Assistant Secretary of the Treasury. Fiscal Fundings began to move down the curve to under 30 Months and accumulate a large concentration within this timeframe. It placed the burden of Government Finance up on the Short End of the Yield Curve near the region of control for the Federal Reserve and...
It seems a timely choice to update the dollar chart. Extending the characteristic positioning in the previous euro chart, seems to me to be more in accordance with the needs of 93.75 - 94.00 holding and acting as a reliable guardian for the remainder of August and September, but the threat to an attack higher is real. In the DXY chart, buyers will need to...
For HK, this is the most important Chart we follow and obey. The larger TF here - Daily - perfectly illustrates how Price moves along a trend range... Until it snaps and collapses quickly. This is precisely what we believe will occur in the next few weeks or perhaps sooner. We will see a sharp reversal with 2 distinct thrusts down as primaries. Time is running...
As BR & VG maintain a healthy prop under the Equities Complex.... Real activity outside of the "Markets" is grinding to a decided halt. Uncertainty has gained a foothold and it is not going to reverse in the near future. The spectacle in chasing Price, big greens bars... is merely a trade. It is not an investment, those days are long gone as the...
Looks like it touched overbought and reversed 100% rebound from the Fed taper news
not the same, but similar market behavior across the board this morning. Price is reaching higher into an area of previous selling. I believe it may have bottomed, but, as always, time will tell.