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Anyone know the cause of the plunge in the airline industry this past Monday? And what's with all the volume? It's very choppy. AAL below as a representative example, but this is the the tape for all of 'em. I can't find a definitive story; I was hoping something would surface by now. There's...

First they throw snowballs at Santa... and now this?

Not quite a "pattern," but I like a big sharp plunge, a fat red candle--a nice 10%-er. One that triggers the uptick rule. No fancypants pattern-matching needed; the move is crystal-clear: a vertical down-move. Usually the reason can be discerned, which is not always the case for many moves. Did...

We all know that the Fed is printing USD120B+/month in QE. I've been harping on that point for over a year--don't forget it! Anyway, Uncle Jerome says they won't stop until "Employment" and about "A dozen other factors" point to an improvement in the economy. 1. Specifically, what is the key...

Agreed. This is the modern way. You'll have to install nodejs. Watch a vid on Node Package Manager (npm). It does a lot of the dependency work for you. Your minified files will be in the ./node_modules/bootstrap directory if memory serves. First thing I do when starting a project: 1. Create a...

l It's because the top is not in. ET's searc algo is warning you.

Not a book, but I'd say read news and publications: WDJ, FT, BB, The Economist...

This is a funny one... I had to share... https://vm.tiktok.com/ZMdUc2tuh/

I posted this in the "Fixed Income" forum last week: https://www.elitetrader.com/et/threads/u-s-feds-reverse-repo-volume-surges-to-record-half-a-trillion-dollars.359373/

What book would you recommend?

...or had his wife go for the gold XD. Hey, you never know... maybe one day the banks won't open for us!

I don't have a wife. :(

Really?? I liked it a lot... I was really impressed by the supportive attitude of his wife.

Well, if you expect a firm to give you profitable buy-side strategies, consult a psychologist. That's like giving away a good fishing hole, gold pocket, or hunting spot. Unless Daddy runs the firm, it just does not happen. Those strats are the crown jewels, top-secret, and often only the fund...

6-7% seems like a lot of money for a margin loan.

If my calculations are correct, Schwab is more than 4x IB. June 21 2021 - Notional dollar amount: USD99,000 IB Rate charged: 1.6% (BM + 1.5%) [1] Schwab rate charged: 6.875% [2] What gives? Schwab is a solid broker... but 4.3x as much for a margin loan?? 1...

Blah blah blah... we'll file this one with "More oversight for Investment banks," "We don't know where the Coronavirus came from," and maybe "I did not have sexual relations with Monica Lewinski."

For those of you trading full-time, what is your daily routine? On a good day, mine looks like this: 6am: Awake, groggily pull on my running clothes, straight out the door for a brisk morning walk and some stretching 7am: Home, shower, breakfast, coffee 8am: Check the bond markets open. ->...

Why do you think that TA is better than fundies?

So this makes no sense to me at all... and is really chafing. Gold, the traditional hedge against inflation, is sharply down, when inflation came in "Hot," at 5% YOY since last year. What gives??? Chart source...