Bquat's Account Talk

[Bquat]

Sticking with this:

 

[Bquat]

Stage one of a three stage launch system. We have launch: 1875 Booster separation at 1885 and out of the atmosphere at 1898. I'll be happy with 1885. If we don't break out of the bigger triangle we'll have to re-test the bottom of it:

 

[Bquat]

A pattern repeat would be nice because shorts would have to cover at 1885:

 

[Bquat]

As we test the 5 day from above it looks like my dream isn't working but not giving up. This is still within a high base.

 

[OBXTrader]

Don't bias them charts, your jinxing it. The one we created this weekend is still valid as far as I can tell. Hope I am wrong.

As we test the 5 day from above it looks like my dream isn't working but not giving up. This is still within a high base.

 

[Bquat]

Staying in:

 

[Bquat]

As we test the 5 day from above it looks like my dream isn't working but not giving up. This is still within a high base.

Ditto:

 

[Bquat]

Every buddy and my brother are waiting on today's Fed announcement. I don't know if bad news or good news is good news or bad news anymore. I do know we can break out today if the investors like the news. There will be a pop in either direction but if we maintain above 1875 we remain bullish. Cross the bull line and shorts will cover:

 

[airlift]

Every buddy and my brother are waiting on today's Fed announcement. I don't know if bad news or good news is good news or bad news anymore. I do know we can break out today if the investors like the news. There will be a pop in either direction but if we maintain above 1875 we remain bullish. Cross the bull line and shorts will cover:

The economic numbers came out at 8:30. ADP employment numbers were better than expected; the GDP was lower at +.1 vs previous +2.6; the chain deflator and the employment cost index were lower than expected. The numbers are non-inflationary, but it seems to me that a GDP of +.1 is a bad economic number. Does someone have any thoughts on whether these numbers should be bad or good for stocks in the next few of days? Tia.

 

[userque]

The economic numbers came out at 8:30. ADP employment numbers were better than expected; the GDP was lower at +.1 vs previous +2.6; the chain deflator and the employment cost index were lower than expected. The numbers are non-inflationary, but it seems to me that a GDP of +.1 is a bad economic number. Does someone have any thoughts on whether these numbers should be bad or good for stocks in the next few of days? Tia.

How good is ADP at forecasting the monthly BLS jobs reports? | Harry J Enten | Comment is free | theguardian.com

I know that article doesn't answer your questions, but it speaks to the reliance upon ADP numbers rather than waiting a couple of days for the real numbers...from the BLS.

And to answer your question: I think the next few days (that includes today) are bad; but I thought that before the numbers were made public.

 

[airlift]

How good is ADP at forecasting the monthly BLS jobs reports? | Harry J Enten | Comment is free | theguardian.com

I know that article doesn't answer your questions, but it speaks to the reliance upon ADP numbers rather than waiting a couple of days for the real numbers...from the BLS.

And to answer your question: I think the next few days (that includes today) are bad; but I thought that before the numbers were made public.

Good reasoning, thank you.

 

[BichonFreeze]

The economic numbers came out at 8:30. ADP employment numbers were better than expected; the GDP was lower at +.1 vs previous +2.6; the chain deflator and the employment cost index were lower than expected. The numbers are non-inflationary, but it seems to me that a GDP of +.1 is a bad economic number. Does someone have any thoughts on whether these numbers should be bad or good for stocks in the next few of days? Tia.

I'd say bad. Very bad. Expect the market to nose dive at 2:00 today when the Fed announces tapering will drop us to 45 billion a month. I haven't been following the news as much, but if I had known yesterday about the Fed notes I would have pulled out yesterday. I expect an ugly jobs report to go hand in hand with this news on Friday.

 

[Bquat]

I'd say bad. Very bad. Expect the market to nose dive at 2:00 today when the Fed announces tapering will drop us to 45 billion a month. I haven't been following the news as much, but if I had known yesterday about the Fed notes I would have pulled out yesterday. I expect an ugly jobs report to go hand in hand with this news on Friday.

I think the 10 billion drop is already priced in. People are just waiting for comments if they decide to continue it, not to do it or maybe lesson it.

 

[airlift]

I think the 10 billion drop is already priced in. People are just waiting for comments if they decide to continue it, not to do it or maybe lesson it.

I'm thinking that the FED should put the current tapering on hold, because there appears to be some contraction in the global economies, and the next 4 or 5 months the seasonality of a mid-tern election year will take over anyway. They should consider waiting a bit, to avoid taking back the progress attained so far.

 

[Bquat]

Deadline at 12 PM EST and Fed Announcement at 2:15 PM EST, what's wrong with this picture. I want a 3 PM deadline. But no, then the couldn't front end the buying and make money on our moving funds.

 

[Bquat]

I'm thinking that the FED should put the current tapering on hold, because there appears to be some contraction in the global economies, and the next 4 or 5 months the seasonality of a mid-tern election year will take over anyway. They should consider waiting a bit, to avoid taking back the progress attained so far.

Too bad they won't listen to you but they might.

 

[ravensfan]

Deadline at 12 PM EST and Fed Announcement at 2:15 PM EST, what's wrong with this picture. I want a 3 PM deadline. But no, then the couldn't front end the buying and make money on our moving funds.

Well said Bquat, well said.

 

[BichonFreeze]

Well said Bquat, well said.

Seconded.

 

[Mcqlives]

I'm thinking that the FED should put the current tapering on hold, because there appears to be some contraction in the global economies, and the next 4 or 5 months the seasonality of a mid-tern election year will take over anyway. They should consider waiting a bit, to avoid taking back the progress attained so far.

The markets are definitely waiting for something today. This could break either way. My big question is...if the taper continues then has the market already priced it in? Talk about rolling the dice.

 

[Bquat]

The markets are definitely waiting for something today. This could break either way. My big question is...if the taper continues then has the market already priced it in? Talk about rolling the dice.

Unless a war breaks out before the deadline, I will remain in today. I have my higher low and a continuation pattern.