Appears that Bullard co-hosted Squawk Box (not that I watched it)...sounds like more CB desperation.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
different dynamic now...I don't think the market pays much attention to fed speak...especially with hikes already scheduled in 2016 (they prepped the market for 3 years regarding 2016 hikes)
only fed speak that will matter will be decision day in March...and if they balk I will move most of all my shorts over to Financials
Komish I am surprised your watching CNBC as they seem to be beyond hyperbole and heading into cartoonish since I dont know how long?
only fed speak that will matter will be decision day in March...and if they balk I will move most of all my shorts over to Financials
Komish I am surprised your watching CNBC as they seem to be beyond hyperbole and heading into cartoonish since I dont know how long?
lol no I don't watch Squawk...I was reading a blog where they mentioned his appearance...I found it pretty humorous the level these people will sink to.
sorry I should have added, different dynamic now...market no longer paying attention to fed speak 'however Fed and other CBs are paying attention to their own fed speak and following speak with active buying in equities and crude whenever they feel their fed speak is being ignored'
I had bought some calls last week and closed Monday flat. This morning I started adding short...but here with such "active manipulation immediately after Europe Closing" I will keep adding short at higher levels (each ramp in crude going forward I will short)
This is all just smoke and mirrors from the fed now...no substance whats so ever...not even an attempt to hide it. Blatant manipulation in equities and crude and as we watched China do this some months ago we all saw how that ended
Also, I think that their active participation in crude and equities signals that they do plan on hiking through 2016. They are just trying to force the market to accept their whole premise on their terms
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Yes, I had a turn date yesterday for ES..so have some puts, but have already sold more than half of them since I want to be a bit defensive around these levels...My concern is/was this 20day MA starting to turn higher and sure enough we've kind of stalled and sat in this area now...Also can't overlook that the market has had a habit of making swing highs right on the first of the month going back a bit now...Nov, Dec, Jan, Feb...literally front run the EOM and then it dumps big.
Closed out the Brent trade last night for around +120, closed out the ES short at 1910 for around +110. Went short 6J and GC during the open of the German session, expecting to see a sell-off with some kind of equity rally, instead London took me out.
Bipolar market IMO... flips on a dime and it makes trading difficult. I've stopped trying for continuations of any sort.
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I agree...even when i get a good signal to go long or short I just scale in and out..f' it...too many times this thing turns on a dime (or on some other asshat CB'er telling us he will "do whatever it takes")...Now I see that Bulltard is slated for tomorrow to goose the markets to that beginning of month swing high, just like Abe throwing his country under the bus for a day of yen weakness, lol.
I like how the liquidity has been so decimated that the ES literally "skids" handles on these moves...It's remarkable what has been done all in the name of asset inflation.