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Naturally the oil markets and the equity markets are highly correlated. Oil supply and oil (refined products) demand is going to have a more pronounced effect on oil price. Otherwise, we'd have $75 - $100+ barrel prices at current stock market valuations. The drone attack damage to Saudi oil...

It took me a few years trading part time at the CBOT whilst working full time as an Engineer to make the switch. I am so fortunate that I had that time to learn the craft - first scalping, then spreading. Your point is spot on. To take a chunk of money, say to yourself "I'm trading full time"...

Are you day trading, swing trading, or long(ish) term trading ?

No way that Murphy was a trader. :p Big difference...

$30K is PLENTY of capital to start with provided that you don't withdraw funds from your trading account for any expenses other than trading execution costs. In other words - get a software job to pay for your living expenses and to pay for your ancillary trading modeling software and ECN. You...

Once you've read Murphy's Book on Technical Indicators at least three times thoroughly cover-to-cover and you've experimented with every indicator to the point of building your own custom indicators you will realize that there are essentially three types of technical indicators - the plurality...

This pressure point is certainly a new twist that I for one haven’t heard about before today. Almost surely not the only one they have tucked away in the desk drawer.

Barron’s, September 27 Alibaba and Other China Stocks Plunge on Report White House Is Taking Aim Chinese stocks listed in the U.S. plunged Friday, following report that the White House is considering ways to limit U.S. investments in China amid the protracted trade dispute between the world’s...

Unions voters and households won’t back her. No way in hell they give up the insurance they bargained decades for. No way in hell they give up gold plated BCBS medical, vision, and dental for freaking Medicare. LMAO. Union leadership may endorse Warren but the voting members and households...

I just can’t see a Union household voting to willingly forfeit health care insurance benefits that they bargained hard over many decades to win. I just don’t see that happening. Medicare-for-All doesn’t even come close to the coverage benefits that US unionized employees currently enjoy. And...

Goldman says that October will be “quite volatile” - given scheduled trade talks and impeachment monkeyshines I have no reason to doubt them.

United States 2018 exports of goods ($1.7 trillion) were the highest on record. 2018 exports of industrial supplies and materials ($538.9 billion); capital goods ($562.0 billion); consumer goods ($205.9 billion); and other goods ($65.4 billion) were the highest on record. Which is stupid strong...

It’s determined by the world - not the Fed. I recall reading recently that something like Sixty percent (?) of international transactions are in US Dollars. Let that soak in. And the dark lords all want Dollars. All of these European money laundering cases - Russian and East European...

A word about Repo rates. I used to trade the Treasury basis spread so it’s something that I had to be intimately familiar with. It’s a bit hyperbolic to call the NY Fed’s Repo liquidity injections a “bailout” since the Fed created this ‘imbalance’ - not the Banks or the traders. If anything -...

There’s been a wave of European Banks implicated in money laundry - is there a Dutch Bank that hasn’t ?

It’s a bit hyperbolic to call this a “bailout” since the Fed created this ‘imbalance’ - not the Banks or the traders. The Treasury will “roll” coupons - they will buy up the higher interest paying coupons and issue new lower interest coupons. In other words - the US refinances it’s debt when...

LMAO. You truly don’t understand actual trading. I GAIN clients because of the fact that for most mere mortals flat price day trading is so risky and unreliable. If you knew anything about actual trading you’d understand that as a spread trader I’m ALWAYS HEDGED. On a currency adjusted...

I’ll be perfectly frank - your technical understanding of Taleb with respect to randomness and chance as it relates to financial markets is not correct.

Listen, kids: the NY Fed injecting a modest amount of liquidity into the repo market is not a big deal. In fact - they used to do it quite a bit more when the Chinese bought every T-Bill on planet Earth and Banks were scrambling for short term Sovereign paper for collateral. Much ado about...

LOL please quote something other than regurgitated pablum from Nassim Taleb. Endeavor to write a post without mentioning “swan” or “tail”.