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There are two primary reasons why I like to use futures spreads for client work; 1. Generally speaking they trend well and are much less volatile than outright markets, and 2. They’re cheap to margin and you can stay with a position. The reason I bring this up is that your original post was...

Try that exercise Selling at Weekly Resistance and Buying at Weekly Support for the past eleven years as was the intent of my post.

If I had a nickel for every “woulda coulda shoulda” I’ve ever heard about markets.

S/R levels vary according to what time frames you’re modeling. The longer term levels, however, are common and that’s a good thing. So, your question is incomplete and is highly dependent. And as has been intimated earlier - S/R gets invalidated by markets all the time. Guess what would...

If it were only intellect - then every PhD would trade and be a zillionaire; and that’s clearly not the case. Long Term Capital Management made it a point to hire intellects - including Nobel laureates; and they blew up in spectacular fashion. The best pit trader I personally ever saw didn’t...

If you’re gonna day trade (a bad idea for most mere mortals) you’d better automate your trading system - including position risk management. And since you’re racing highly capitalized private firms with ungodly ECN’s - you will be getting picked off or hung on orders whether you’re using a...

It’s been really obvious (in hindsight) to buy and hold US equities for the past ten years - and yet, a multitude of highly educated “experts” managing (literally) trillions of dollars have not been able to duplicate or exceed these simplistic ‘buy and hold’ returns. In other words, at least...

You’d better get a quote on put premium and run a theta decay model - your insurance isn’t as cheap as you think, and with a strike at 30% below current levels chances are you’ll never be ITM before expiry and if the market falls, let’s say, 20% before expiry your negative delta will be huge...

Yep, when it comes to the destruction of civilization you can't eat gold. You can't swap 100 rounds of 7.62 for a pound of gold when there's no State monetary system - but you can swap 100 rounds of 7.62 for a goat.

I find it hilarious that the OP somehow equated the Repo Market and the Fed's market actions to Bitcoin.:p

You don’t seem to have a grasp on the role of venture capital and private equity as it relates to bringing technological innovation to market. That is MUCH more important than the Fed or printing money.

Dr. Lauren Graham, MIT, says you’re completely wrong. He’s made a career explaining that Russia has some of the most brilliant and innovative scientists and engineers in the world - and yet Russia has never been able to become world technology leaders exactly because of their societal structure...

1. Clearly the Fed is promoting SOFR over FF and Repo; and 2. There’s a growing consensus that the Fed is targeting the wrong interest rate

There is nothing nefarious about Repo Agreements in isolation - in fact, it’s one of the most useful functions of the Fed. The Treasury has been buying something like $40B + per month in Treasuries on the secondary market. And why wouldn’t they roll coupons? Why wouldn’t they exchange...

Amen, brother. Japan has twice the debt to GDP ratio as the US, and yet the Yen and the JGB are still worth something. And yet Japan is the third-largest economy in the world by nominal GDP and the fourth-largest by purchasing power parity (PPP) and is the world's second largest developed...

It’s entirely possible that JPM is either hoarding Repo agreements on the secondary market or they’re calling Repo agreements on the secondary market. Which would be a dick move that would require the Fed to issue more Repos on the open market - in any event, those Repos are collateralized at...

That’s small time - look at Japan, Steve-O :cool:

I used to trade the Treasury Basis - so I had to use the Repo market through my FCM. A Repo Agreement is an in-kind exchange with the Fed - it is NOT an IOU. If I want $2B face value 48 hour Repo agreement at 1.91% I have to post $2B face value of a US Sovereign Instrument - typically a...

To be more detailed - the Banks borrowing on Repo Agreement have to post very specific ultra high quality in kind collateral to the Fed for the privilege - mostly US Treasuries and certain debt-to-equity ratio MBS’s. As I’ve said elsewhere - this liquidity “crisis” is largely of the Fed’s own...

“I like fishing - it’s like Yoga except I still get to kill something”. - Ron Swanson