350zCommtech's Account Talk

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I won't even pretend to be able to catch TNX signals like you. But, putting on my day-trading cap, I would say that spx 910 would be a significant level to watch for now - I probably wouldn't trust it even if it held right now. forgetting all the quad opex talk and bs flying around, it would be scary to jump in thursday through tuesday IMO. might be a better/safer play later on in the month. IFTing or trading on technicals now with all the dollar moves has become frustrating to say the least.
 
Minnow said:
I won't even pretend to be able to catch TNX signals like you. But, putting on my day-trading cap, I would say that spx 910 would be a significant level to watch for now - I probably wouldn't trust it even if it held right now. forgetting all the quad opex talk and bs flying around, it would be scary to jump in thursday through tuesday IMO. might be a better/safer play later on in the month. IFTing or trading on technicals now with all the dollar moves has become frustrating to say the least.
Click to expand...

I agree. The FOMC/end of month/end of quarter might be a better play.
 
350zCommTech said:
I agree. The FOMC/end of month/end of quarter might be a better play.
Click to expand...

Plus, there seemed to be more action, activity and short-covering last time we were between 880 and 900 spx. seems the moves were more telegraphed then (for IFT purposes).

-- oh well, I'll be going on vacation the last of June and the first couple of weeks in July -- and I used up my IFTs this month so, I'll try and do the golf thing. I had a pinched nerve so, I'm sure the swing is out of whack by now... then again it might be an improvement. :laugh:
 
Minnow said:
-- oh well, I'll be going on vacation the last of June and the first couple of weeks in July -- and I used up my IFTs this month so, I'll try and do the golf thing. I had a pinched nerve so, I'm sure the swing is out of whack by now... then again it might be an improvement. :laugh:
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Have fun out there. I've been playing once or twice a week. I played yesterday at a course that I've never played before and it ate me up. The first three holes were tough and the rest had skinny fairways lined with trees. We were in too much of a hurry though. Got out to the course just before the tee time and went right to the first tee, which was a long dog leg par 5 with water on the right. Took an 8. :sick:
 
350zCommTech said:
Have fun out there. I've been playing once or twice a week. I played yesterday at a course that I've never played before and it ate me up. The first three holes were tough and the rest had skinny fairways lined with trees. We were in too much of a hurry though. Got out to the course just before the tee time and went right to the first tee, which was a long dog leg par 5 with water on the right. Took an 8. :sick:
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That sounds like a recipe for a snowman right there. Tough to come back from those on the first hole. Sounds like a pretty tough course but playing a tough course is better for your game even though it may not be better on the score card. :D
 
Might be something to everyone anticipating that FED slosh drain tomorrow? They might be being driven to treasuries?
 
Oddly elusive news... (possible affect on Bonds?)

U.S. Says Treasury Bonds Seized in Italy Are ‘Clearly Fakes’
bloomberg, ‎44 minutes ago‎
U.S. government bonds found in the false bottom of a suitcase carried by two Japanese travelers attempting to cross into Switzerland are fake, a Treasury spokesman said. “They’re clearly fakes,” Stephen Meyerhardt, a spokesman for the U.S. Bureau of the Public Debt in Washington, said yesterday. “That’s beyond the fact that the face value is far beyond what’s out there.” Italy’s financial police last week said they asked the U.S. Securities and Exchange Commission to authenticate the seized bonds, with a face value of more than $134 billion. Colonel Rodolfo Mecarelli of the Guardia di Finanza in Como, Italy, said the securities, seized in Chiasso, Italy, were probably forgeries... [more]
http://www.bloomberg.com/apps/news?pid=20601092&sid=asY7iT9pfocQ
 
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the $USD may be telling us that this rally has topped out for the day. sorry I can't figure out how to bring the chart over here... apologies. be careful out there!!! .. who knows what kind of stick save Ben has in store for us:rolleyes:
 
Press print screen,
Open MS Paint
Paste screen shot
Copy area you want
Paste it in a new file
Save as a JPG
Insert file in post!! :D
 
I stink at this. Just go to stockcharts.com and use $USD.. use the 20 day sma and the 50 day sma as the overlays... looks like the dollar wants to move up IMO.
 
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