Bquat's Account Talk

Bquat · Mar 6, 2015

nnuut said:
The FEAR of the FED, that may raise interest rates earlier.

With the initial over reaction it may be just fine:

jkenjohnson · Mar 6, 2015

Bquat said:
With the initial over reaction it may be just fine:

You still in?

Bquat · Mar 6, 2015

Bquat said:
So is this sideways movement waiting for the Jobs report. Will bad news spike this market by lessening a chance of higher interest rates. Will the recent snow storms hold jobs down? Well you guys may have to tune to another channel for the answers because I'm going out for breakfast. Please post agreement or disagreement on these charts to help others. The price range is just a guess on my part and since we haven't seen any moves over 1 % lately shouldn't mean they can't happen.

The price range is just a guess on my part and since we haven't seen any moves over 1 % lately shouldn't mean they can't happen. Well that was the truth. The news also shot my 18 Day theory to hell.:embarrest:

Bquat · Mar 6, 2015

Bquat said:
SPY and SPX are in the price range also but there may be concern of a flat top (big drop) because of how long we been at this level. I don't know/ Can it be healthy sideways consolidation in time?

Maybe flat top scenario is happening.

soon2retire · Mar 6, 2015

Might be time for a close shave, scalp em!

soon2retire · Mar 6, 2015

Anybody see anything that will stop this drop next week or will it continue to sell off due to good news that will continue to support higher interest rates sooner than later or does Crude inventories push it lower due to excess supply or was today just a knee jerk reaction that will bounce to the positive side come Monday? hmm!

Last Week

[TD="align: right"][/TD]

Statistic	For
JOLTS - Job Openings	Jan
Wholesale Inventories	Jan
MBA Mortgage Index	03/07
Crude Inventories	03/07
Treasury Budget	Feb
Initial Claims	03/07
Continuing Claims	02/28
Retail Sales	Feb
Retail Sales ex-auto	Feb
Export Prices ex-ag.	Feb
Import Prices ex-oil	Feb
Business Inventories	Jan
Natural Gas Inventories	03/07
PPI	Feb
Core PPI	Feb
Mich Sentiment	Mar

[TD="align: center"] Date [/TD]
[TD="align: right"] Time (ET) [/TD]

[TD="align: right"] Actual [/TD]
[TD="align: right"] Briefing Forecast [/TD]
[TD="align: right"] Market Expects [/TD]
[TD="align: right"] Prior [/TD]
[TD="align: right"] Revised From [/TD]

[TD="align: center"]Mar 10[/TD]
[TD="align: right"]10:00 AM[/TD]

[TD="align: right"]-[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]5.028M[/TD]
[TD="align: right"]-[/TD]

[TD="align: center"]Mar 10[/TD]
[TD="align: right"]10:00 AM[/TD]

[TD="align: right"]-[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]0.1%[/TD]
[TD="align: right"]-[/TD]

[TD="align: center"]Mar 11[/TD]
[TD="align: right"]7:00 AM[/TD]

[TD="align: right"]-[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]0.1%[/TD]
[TD="align: right"]-[/TD]

[TD="align: center"]Mar 11[/TD]
[TD="align: right"]10:30 AM[/TD]

[TD="align: right"]-[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]10.303M[/TD]
[TD="align: right"]-[/TD]

[TD="align: center"]Mar 11[/TD]
[TD="align: right"]2:00 PM[/TD]

[TD="align: right"]-[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]-$193.5B[/TD]
[TD="align: right"]-[/TD]

[TD="align: center"]Mar 12[/TD]
[TD="align: right"]8:30 AM[/TD]

[TD="align: right"]-[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]320K[/TD]
[TD="align: right"]-[/TD]

[TD="align: center"]Mar 12[/TD]
[TD="align: right"]8:30 AM[/TD]

[TD="align: right"]-[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]2421K[/TD]
[TD="align: right"]-[/TD]

[TD="align: center"]Mar 12[/TD]
[TD="align: right"]8:30 AM[/TD]

[TD="align: right"]-[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]-0.8%[/TD]
[TD="align: right"]-[/TD]

[TD="align: center"]Mar 12[/TD]
[TD="align: right"]8:30 AM[/TD]

[TD="align: right"]-[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]-0.9%[/TD]
[TD="align: right"]-[/TD]

[TD="align: center"]Mar 12[/TD]
[TD="align: right"]8:30 AM[/TD]

[TD="align: right"]-[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]-1.0%[/TD]
[TD="align: right"]-[/TD]

[TD="align: center"]Mar 12[/TD]
[TD="align: right"]8:30 AM[/TD]

[TD="align: right"]-[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]-0.7%[/TD]
[TD="align: right"]-[/TD]

[TD="align: center"]Mar 12[/TD]
[TD="align: right"]10:00 AM[/TD]

[TD="align: right"]-[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]0.1%[/TD]
[TD="align: right"]-[/TD]

[TD="align: center"]Mar 12[/TD]
[TD="align: right"]10:30 AM[/TD]

[TD="align: right"]-[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]-228 bcf[/TD]
[TD="align: right"]-[/TD]

[TD="align: center"]Mar 13[/TD]
[TD="align: right"]8:30 AM[/TD]

[TD="align: right"]-[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]-0.8%[/TD]
[TD="align: right"]-[/TD]

[TD="align: center"]Mar 13[/TD]
[TD="align: right"]8:30 AM[/TD]

[TD="align: right"]-[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]-0.1%[/TD]
[TD="align: right"]-[/TD]

[TD="align: center"]Mar 13[/TD]
[TD="align: right"]10:00 AM[/TD]

[TD="align: right"]-[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]NA[/TD]
[TD="align: right"]95.4

[/TD]

pamkk · Mar 6, 2015

I'm thinking it's just noise and until we hit negative 5% I'm not worrying about it... hoping it'l recover rather quickly... fingers crossed!

Bquat · Mar 6, 2015

soon2retire said:
Anybody see anything that will stop this drop next week or will it continue to sell off due to good news that will continue to support higher interest rates sooner than later or does Crude inventories push it lower due to excess supply or was today just a knee jerk reaction that will bounce to the positive side come Monday? hmm!

Maybe gap fill or 50 day?

Mcqlives · Mar 6, 2015

A little bounce close to the 50 is happening. This could be a good rally point or could be a pause before additional drop. I didn't think we would drop this much today...kind of looks like a trap forming. I had 2056 penciled in as a buy point but now I don't feel too keen on it. Oh, well...I'll have a better idea Monday. Have a great weekend everyone!

soon2retire · Mar 6, 2015

Being on the curb I'd love to revisit to 50 day but I'll probably get back in soon unless the traffic on the street looks to nasty to come off the curb:suspicious:

Mcqlives · Mar 6, 2015

soon2retire said:
Being on the curb I'd love to revisit to 50 day but I'll probably get back in soon unless the traffic on the street looks to nasty to come off the curb:suspicious:

Do as you wish, of course, but I suggest you back out and look at the longer term right now. IMO catching moves to the plus side will be high risk trades and if you are "soon2retire" then high caution is warranted. Again, just "IMO" but I think this could break bad easier than climb to the highs again. Call it 60/40 as we play with the gap on top of the 50 Bquat drew.

soon2retire · Mar 6, 2015

Mcqlives said:
Do as you wish, of course, but I suggest you back out and look at the longer term right now. IMO catching moves to the plus side will be high risk trades and if you are "soon2retire" then high caution is warranted. Again, just "IMO" but I think this could break bad easier than climb to the highs again. Call it 60/40 as we play with the gap on top of the 50 Bquat drew.

Sounds like good advice! I'll be patient....

soon2retire · Mar 6, 2015

BTW, I am (soon2retire) as soon as I want to that is but I still have some time before being forced into mandatory retirement.

Mcqlives · Mar 10, 2015

Mcqlives said:
A little bounce close to the 50 is happening. This could be a good rally point or could be a pause before additional drop. I didn't think we would drop this much today...kind of looks like a trap forming. I had 2056 penciled in as a buy point but now I don't feel too keen on it. Oh, well...I'll have a better idea Monday. Have a great weekend everyone!

I must admit...todays markets are very tempting for me to get in. 50 minutes to decide.

Bquat · Mar 10, 2015

Mcqlives said:
A little bounce close to the 50 is happening. This could be a good rally point or could be a pause before additional drop. I didn't think we would drop this much today...kind of looks like a trap forming. I had 2056 penciled in as a buy point but now I don't feel too keen on it. Oh, well...I'll have a better idea Monday. Have a great weekend everyone!

Have an eraser? I have 2050 in penciled in.

Mcqlives · Mar 10, 2015

Bquat said:
Have an eraser? I have 2050 in penciled in.

2nd test of your pencil mark...you might need an eraser too

Bquat · Mar 10, 2015

Mcqlives said:
2nd test of your pencil mark...you might need an eraser too

Come on let me ink it in. :banana:

Mcqlives · Mar 10, 2015

Bquat said:
Come on let me ink it in.

if it holds use a sharpie!

Mcqlives · Mar 10, 2015

Sorry bud...I'm guessing a DCB tomorrow but I'm pretty sure both our lines are broken. We have to retake the 50(at close) to go up from here.

Bquat · Mar 11, 2015

I know exactly what will happen tomorrow.

Boy wouldn't that be nice.

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