SPY May Not Find Buyer Next Week

SPY Next Week

  • Bullish

    Votes: 19 31.7%

  • Flat

    Votes: 5 8.3%

  • Bearish

    Votes: 32 53.3%

  • I prefer not to say

    Votes: 4 6.7%
  • Total voters
    60
Quote from tradingjournals:

Bonds would tank if this policy would be implemented. Also, chinese stocks might register a big drop on Monday--- the type of drops Shortie likes.

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Bonds are in the red. I shorted it just to taste it. I am out as I do not trade them and I book the little money I made, but bonds seem to behave nicely. I might actually start trading them. Ticks are at 1/32 of a point (32 is a power of 2). Contract is 100K. So a 1/32 is a round $15. Does anyone trade bonds? My trade was in ZN.

When I put the trade I got some alert to some settlement/delivery business. Any bond trader here who can expand on this a bit more? It relates to some forced buying/selling by notification date.
 
Quote from Petsamo:

This is a perfect time for a bear raid, right when everybody's expecting a rally. [/QUOTE


That would be impressive but I'm giving it less than a 20% chance. Would be funny though because nearly every market is in rally mode on this news out of china.
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Quote from S2007S:
That would be impressive but I'm giving it less than a 20% chance. Would be funny though because nearly every market is in rally mode on this news out of china.
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Well, uh, not Europe. :D
Kudos to our European brothers & sisters!
 
Quote from tradingjournals:

There is no guarantee that the chinese will do what they say, in the manner they say it. I will believe what the market will do, and not what the chinese say.

....If not, then the chinese's words are just bluff/hot air.
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The markets figured the chinese government. It seems to think it is hot air at best, and lies at worst. The chinese goverment may have thought they were dealing with their own people.

The cash market is king. The futures speculators fell for the chinese words last night. I expect the Chinese will come later, and do some real FACTS/ACTIONS, to essentially say we did not bluff/lie.
 
Guess I was wrong, this entire rally has faded, Im actually quite surprised right now, I made 2 trades on the short side, traded TWM and SSG today. They still have a chance to prop the markets higher by the close, day isn't over just yet.
 
Quote from tradingjournals:

Bonds would tank if this policy would be implemented. Also, chinese stocks might register a big drop on Monday--- the type of drops Shortie likes.

?
More...

Quote from tradingjournals:

Chinese to increase their currency vs. dollar. Bearish or bullish?

I would say down.
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I was right on BOTH bonds and stocks! It is very rare to see both bonds and stocks down, but it takes rare luck or talent to get it right! :cool:

Do you want to know how I did it?:p
 
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