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Not a good start to the night session...

Dollar up, Yen Up, Eur down, AUD down

http://finviz.com/futures.ashx

For the longs out there lets hope this is not a reoccurring pattern of things to come.

All the moves are minor at the moment, but could this be the first signs of RISK OFF coming into play

$COSTAverageMAN

PS. I wish I knew how to post photos in my post.
 
Quote from $CostAverageMAN:

Some of the "Fear" I see coming.

AUD/USD approaching resistance level of .92-.94 which is the one leg of the carry trade that has been pushing the indexes. USD/JPY busting through 1.17 today then sharply correcting on the ADP is the only reason we got this little giddy rally today, but on a bad jobs number on Friday we will push USD/JPY to new highs roughly at the same time AUD/USD will be ready to correct. (May give it a few weeks, but It's coming)

AUD/JPY is your carry of choice trade...The Algo's are roughly programmed to this Risk On Risk Off metric. EUR/JPY may come back into play if we get some dollar strength.

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Why is AUD/JPY the carry trade of choice? What do you mean, JPY is being sold and the proceeds left in AUD to earn higher interest? Why is JPY so strong relative to USD?
 
cost i use think or swim ,so my limited comp skills can only help you there,or if u can print a picture and save,click browse at the bottom of your post before submitting, pick out one of your saved documents,right click it,h hit select ,hit submit reply ,and it will come up under your post and when clicked ,your pic can be viewed
 

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One interesting Divergence that showed up yesterday between Credit Markets and stocks markets was this dislocation. It didn't take long for Credit to be proven right once again.

Good for a 14 point ES move from 1123 to 1109 when I first posted my thoughts on last night RISK OFF mode occurring, but your right I don't add anything to this journal that is worth a dam.

$COSTAverageMAN
 

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$Cost, for every vocal idiot out there there are probably dozens of people out there like me that love hearing what you have to say. Keep killing it :)
 
Quote from $CostAverageMAN:

One interesting Divergence that showed up yesterday between Credit Markets and stocks markets was this dislocation. It didn't take long for Credit to be proven right once again.

Good for a 14 point ES move from 1123 to 1109 when I first posted my thoughts on last night RISK OFF mode occurring, but your right I don't add anything to this journal that is worth a dam.

$COSTAverageMAN
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cost ,whats the red usg on the chart
 
The US Gov 10 years is the USG or red line on the chart.....Not a bad call to date. Kind of got that worst case scenario didn't we. YEN and Dollar strong with AUD and EUR cratering. I kind f forgot how much fun writing in this journal was at times.

$COSTAverageMAN
 

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Well what a day and I might add What a call...top ticked it too.(Almost)
Those drillers sure got cheaper:)

Well now that the 50% Fibonacci line of 1121 is broken and busted we might expect the SPX over the long run to trade down to 1013 were we bounced in early July at the 38.2% Fibonacci Level.

That being said since that was were we bounced it could be broken and next level of support via Fibonacci lines would be at 880 SPX at the 23.6% Fibonacci level.

Now that is one pessimistic downside call to say, but it wasn't that long ago that some huge ES puts were being bought for the month of Sept.
The day was July 21st and some huge orders went through on some deep out of the money Puts. (I saved that picture from the article I read that day)

Just speculating, but I hey I did just call the 2nd worst day of the year...UMMM before the fact! Old man still got it.

$COSTAverageMAN
 

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nice call,think feds plan along with all the other relatives of the IMF is runnin out of bullets,so they may have to let the chips fall where they may and save their ammo for a last stand,on a yearly spx going back to 1929 the support is 660 ish,rather than propping it up, they will intervene to make it an orderly drop,shorting and coveing,flip side as to what all the banks bought and covered and reloaded on the way up
 

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