350zCommtech's Account Talk

[350zCommTech]

Have you read Market-Ticker this morning?

Yes, I did. Pretty scary.

 

[350zCommTech]

C and BAC getting pounded. Will C get nationalized this weekend?

GE also getting pounded. Trading under 10 at 9.43. Warren Buffett bought GE at 22.


Dollar index at 88. My target is 89.

View attachment 5846

 

[DCguy]

well, guys, I just jumped into 30%C 30%S 40%I. Oh man~

 

[350zCommTech]

well, guys, I just jumped into 30%C 30%S 40%I. Oh man~

Good luck DCguy,

I haven't decided yet.

 

[JTH]

Have you looked at Bonds this morning?

Looks to be another across the board red day :suspicious:

 

[350zCommTech]

Have you looked at Bonds this morning?

Looks to be another across the board red day :suspicious:

What are you looking at?

Here's TNX this morning. F fund is up 4 cents at the moment. Notice it opened below the 20dma. That's a good sign for Monday.

View attachment 5847

 

[350zCommTech]

View attachment 5848

Noticed how the last red candle looked. They are trying to ignite a short squeeze. That red candle was a failure but they are still at it. Another red below that upper trendline would confirm a double top, than down goes the market.

 

[350zCommTech]

EUR/USD update: Double top. Not looking good for this afternoon.

Chick(anchor) on CNBC right now is hot!

View attachment 5849

 

[Gumby]

View attachment 5848

Noticed how the last red candle looked. They are trying to ignite a short squeeze. That red candle was a failure but they are still at it. Another red below that upper trendline would confirm a double top, than down goes the market.

I don't think the Plunge Protection team is going to be successful in driving this market up and causing a major short squeeze today. But, the government can print a whole lot of money in the next 4 hours.:nuts:

 

[felixthecat]

I wish you hadn't said that. Government is good at shock and awe. Besides, any good news would be welcome by the markets. PPT may not be effective today, but the government can come out and spin it around. I have no doubt at all they have market influence. :worried:

 

[DCguy]

Good luck DCguy,

I haven't decided yet.

Thx. I guess I expect at least 3% drop today and the govt will probably do something over the following weekend to cause the market to either crash or skyrocket on Monday.

 

[350zCommTech]

Too many bulls still.

GS getting kicked.

Staying in F fund. Wish I could go to G.

 

[350zCommTech]

Dollar tanking now. Big move in EUR/USD, but so far, not much reaction in stocks or bonds. What the heck is happening? Markets should be green by now. I'm scared....:worried:


View attachment 5851

 

[350zCommTech]

Notice CNBC is not talking about this big move in the dollar.....

Maybe they know something?

I feel a short squeeze coming.

 

[tsptalk]

Do mean the hosts? Santelli just mentioned it.

 

[Frixxxx]

Dollar being beat bad today,

I had 14 sell positions on the Yen clear for a nifty 20% today. 94.50 was my top and was really concerned on the reason it was there. Japan markets in a recession and US not? I see serious trust issues in the forex market over the next two weeks for some serious volatility. I have scaled back my position strengths and will just look for 2-3% a week for right now.

Thanks for posting the charts. I read mine at dailyfx...where do you get yours?

 

[350zCommTech]

Do mean the hosts? Santelli just mentioned it.

Yes, the hosts. It was huge enough move that they should have spent some time on it. Santelli mention it but I don't think he went into details.

 

[350zCommTech]

Thanks for posting the charts. I read mine at dailyfx...where do you get yours?

Those charts are from ThinkOrSwim, my trading platform. I also use Promo charts at dailyfx.com.

 

[350zCommTech]

Yes, the hosts. It was huge enough move that they should have spent some time on it. Santelli mention it but I don't think he went into details.

They just had a panel on to talk about it briefly. Santelli said it might have been caused by somebody leaking potential good news for the weekend. They all agreed that it should have rallied the markets.

Here's my thinking:

It was probably a rumor to try and ignite a short squeeze. The stock market's reaction was minor. The bond market barely budged. And more importantly, GS also had a minor reaction, but did not go green. GS continues tanking. C is diving. BAC is diving. And GE is looking horrible.

There is no plan that will restore confidence while saving their Wall ST. buddies at the same time. 740, here we come.

 

[JTH]

Bonds seem to be making a comeback...

12:30 ET Dow -118.28 at 7347.67, Nasdaq -8.54 at 1434.28, S&P -12.99 at 765.95:
[BRIEFING.COM] Uncertainty continues to fuel weakness in stocks. That has pushed investors into such safe havens as gold and Treasuries.
Contracts for the March delivery of gold are pricing gold at $996.30 per ounce, up 2.1%. The SPDR Gold Trust (GLD 97.93, +2.16) is trading with a similar gain.
Meanwhile, the 10-year Treasury Note is up 36 ticks, which has pushed its yield down to 2.72%. The 30-year Bond is up 83 ticks, which has pushed its yield down to 3.53%.
Nasdaq -8.54 at 1434.28... NYSE Adv/Dec 378/2696... Nasdaq Adv/Dec 652/1922.