I am predicting that US stock markets will have to temporarily close in the next month

londonkid · Aug 26, 2015

londonkid said:
moved stop to 15950 (+175 ticks), sitting nicely at +310 ticks, see if she goes.

banked +174 ticks.

Mo06 · Aug 27, 2015

Are you shorting this rally ?

londonkid · Aug 27, 2015

Mo06 said:
Are you shorting this rally ?

No. I am waiting for more signs that the panic has returned before getting in.

londonkid · Aug 28, 2015

sold Dow cash cfd 16583. 100 tick stop target open

londonkid · Aug 28, 2015

londonkid said:
sold Dow cash cfd 16583. 100 tick stop target open

Stopped. No sign of any panic today.

newwurldmn · Aug 28, 2015

londonkid said:
Stopped. No sign of any panic today.

And as of now, the markets will be open next week.

londonkid · Aug 28, 2015

newwurldmn said:
And as of now, the markets will be open next week.

Looks like they will be open on Monday lol. Lets see what happens when the panic returns.

pipracer · Aug 29, 2015

Monday in the first few minutes I got Interactive Brokers (IB) S&P 500 halted and showing 1800 points but nowhere on the Bloomberg charts or other charting software the gauge went that low...more like about 1860.

Can anyone explain me why? I thought I added the index and not the futures...SPX is the IB code I added.

Thanks

piezoe · Aug 29, 2015

londonkid said:
I try not to post bs lol. I have also been a full on bear during the money printing experiment. Large structural changes are going on in the marketplace. The recent renminbi devalution was the starting gun. Only a huge QE4 + PBOC announcement will save equities from something nasty.

My own opinion is that your prognostication is somewhat overdone. As you have already learned from your bear position during the "money printing experiment", QE was not what you thought it was! I don't think another leg down in the next 6 months or so would surprise anyone who has been around the block a few times. They'll be no 1929 style panic, however, and a further leg down would be quickly bought.

Many traders here are remiss in their understanding of QE. Because QE is called, even by some economists, "money printing", they think it is money printing. It isn't. It is actually something quite different.

londonkid · Aug 31, 2015

piezoe said:
My own opinion is that your prognostication is somewhat overdone. As you have already learned from your bear position during the "money printing experiment", QE was not what you thought it was! I don't think another leg down in the next 6 months or so would surprise anyone who has been around the block a few times. They'll be no 1929 style panic, however, and a further leg down would be quickly bought.

Many traders here are remiss in their understanding of QE. Because QE is called, even by some economists, "money printing", they think it is money printing. It isn't. It is actually something quite different.

Thanks for pointing out my typo I was Bullish the last 5 years equities not bearish. My view this summer was that there would be one more push up to ATHs, this hasnt happened and I dont think its possible now until there is a larger correction.