Gotta love ZERO RISK in the SP500 = $$$

[Visaria]

Just glanced at the market, would say a long here at 81 is a good bet, stops at the low, probable target the highs.

 

[Pricechange]

Just glanced at the market, would say a long here at 81 is a good bet, stops at the low, probable target the highs.

trying to trade oil....tight exit stops and they all have been hit today. Thought it might move back down below 46. If it stays above 46 and climes further it might keep US markets up for a bit.

bank shorts are still doing well

 

[i960]

Made minor money on WTI, lost minor money on ES. I see oil going down to low 46s, pop to high 47s, then down, down, down.

 

[Rickshaw Man]

Do you think this metric is included in the inflation data the fed looks at.....NO WAY!

 

[Rickshaw Man]

How about housing prices, no inflation here.

 

[Rickshaw Man]

No food inflation wink wink.

 

[Rickshaw Man]

CPI all items, inflate or die.

 

[Rickshaw Man]

Unemployment rate, they will keep making excuses.

 

[Pricechange]

Made minor money on WTI, lost minor money on ES. I see oil going down to low 46s, pop to high 47s, then down, down, down.

my mistake with wti, I think, is still looking at charts..following charts.
In this zero interest, central bank rules environment, waiting on one of the global Fed speaks (in this case Abe) and then watching the Central Bank effects on the dollar...thus

1) no QE from Abe
2) dollar falls after mid week spike
3) oil rising off the fall of the dollar

so as Visaria talks about, in this environment T/A goes out the window. But its just weeks until the next Fed (no action) or EU QE threat or who knows Abe might surprise with QE in Nov..whatever

So this wti and dx dynamic goes back to previous by middle next week..yea I think wti has a good trade downward next week and dollar back upward (especially against Yen)

 

[Rickshaw Man]

US Home ownership.