If the economy is recovering, why are people cutting back on Kleenex? If you can’t afford Kleenex, what can you afford?
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I blow my nose with new toilet paper (as opposed to the recycled variety). Charlie I buy those knock off colas just for the thrill and spark of nostalgia I get – I’m trying my darndest to get back to the trailer park.
George,
Trend and momentum…use RSI and your
MACD histogram as momentun indicators
…momentum preceeds price…higher price
on lower momentum…look for a turn. The
full stoc(5,3,3) gives direction but is a lagging
indicator…will sync up after a turn.
Phil,
That’s right… 96-97 is the right area. I’m waiting for the divvy, too! LOL, though I only still have half a position. It never dipped down to my buy are again.
Market is flat lining ahead of the month end. No point in making a big move ahead of the end of quarter/half since MM’s need to make their “investor materials” look attractive to the masses.
For TBT to break-out for an extended period in the face of the FED saying we have a lot of slack in the economy would, in my opinion, count as traction, as opposed to slack, but not traction on the road to deflation but mud-grippers on the road to moo (moo) land (again).
I saw someone buy no name diet cola the other day to save 30 cents. There are a lot of people struggling out there.
VIX is up more than 3, but markets are flattish.
Guys:
I blow my nose with new toilet paper (as opposed to the recycled variety). Charlie I buy those knock off colas just for the thrill and spark of nostalgia I get – I’m trying my darndest to get back to the trailer park.
Wow, check out MOO phil.
George,
When you call up the SPX daily chart, suggest
you try RSI(5) and full sto(5,3,3) on the chart.
paula,
Will do. Thanks. Anything particular I’m looking for?
Blogs mostly quiet. Seems like people are still awestruck by the fact that this overbought market can continue to move higher.
George,
Trend and momentum…use RSI and your
MACD histogram as momentun indicators
…momentum preceeds price…higher price
on lower momentum…look for a turn. The
full stoc(5,3,3) gives direction but is a lagging
indicator…will sync up after a turn.
paula,
Great. Thanks.
What we have here is the month-end and quarter-end effect. This may last 4 days after month-end.
Two things I don’t skimp on… toilet paper and peanuts – only the best.
George,
LOL
mitch….i expect moo to collapse to 31 unless it closes above 18dsma
mitch …bought ddm@ 28.60 on dip this am …like moo target is 18dsma then down….getting ready to sell now ……..
Financials backing off.
Call me nuts.. added to more shorts still on the SPY. Break even is around 920 on the SPX for me.
If the “B” team is running the show, they normally run the market up. Safer to buy than sell in case there is uppage.
phil:
As of lately, the two (MOO & DDM) seem correlated – can’t argue that one.
mitch ….ndx going for test of june 11 top….dow lagging badly . should have used qld
Phil,
Fyi, TLT broke above your 94.50 level. It’s over 95.
marty….waiting for 96 -97 on tlt…which is 4th wave of lesser degree of decline…a strong resistance area….plus …….i want my dividend…lol
marty… once past the ex dividend date..they can have all my tlt @ 96.5
The way price has laid on the bottom of the inverse, there could be at least a mini-MOAR in the future.
Phil,
That’s right… 96-97 is the right area. I’m waiting for the divvy, too! LOL, though I only still have half a position. It never dipped down to my buy are again.
Market is flat lining ahead of the month end. No point in making a big move ahead of the end of quarter/half since MM’s need to make their “investor materials” look attractive to the masses.
Charlie,
Agree. I am seeing dip-buying dry up though – on the underlying.
marty..see the 2 waves up from the low??? wave equality is at 96…overlap of june 17 peak should send it to new lows
If TBT breaks out, what will that mean for the overall market? Is that like TNX?
bear flag on nascrack
george…. george tbt is a bond bear 2x etf……tlt is a bond bull 1x etf
George:
For TBT to break-out for an extended period in the face of the FED saying we have a lot of slack in the economy would, in my opinion, count as traction, as opposed to slack, but not traction on the road to deflation but mud-grippers on the road to moo (moo) land (again).
dow 8580 (18dsma) or bust
Volume has been awful today. Worse than Friday and that was really low too. We have still 27 mins to go.. so maybe something will happen.
Okay, thanks.
george……if it doesnt move up now in going to TMAR
sold ddm @ 29.06
take my pennies and leave…hasta
VIX closed down again.. Hanging around that lower BB
phil:
Very nice trading.
mitch….thanks
phil,
What’s TMAR? I can’t wait to hear this one.
Charlie,
I don’t know what the catalyst will be, but the VIX is gonna bounce off of Matt’s spring and go to the moon. I can hear it creak when it tightens.
george……take the money and run
phil,
HAHA,,,, my montra, too.
re the VIX, has anyone traded VXX ?
I’m still with my DXD and QID with the cov. calls sold on both…
With the huge upswing in program trading, it looks as though EOQ rules.
Neither Matt nor Yerk were posting today. Very bearish.
The XLF dropped below its daily 36MA for a sale on that time frame.
The weekly is above its 36MA and remains above its sale signal. The weekly could drop back for a test of the 36MA.
after,
I haven’t traded the VXX. It has done nothing but go down since creation. I don’t short stocks, so I would have to wait for an upside setup.