James48843
Well-known member
How about some good news for a change? That would be cool.
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coolhand's Account Talk
- Thread starter coolhand
- Start date
350zCommTech
Well-known member
coolhand
Well-known member
Another sign, from another oracle. :laugh:
http://www.traders-talk.com/mb2/index.php?showtopic=119019
http://www.traders-talk.com/mb2/index.php?showtopic=119019
fedgolfer
Well-known member
wow, always impressed w/ Stickan's TA... thanks, CH!
the VIX ichimoku's agree with some quick, deep, red days for the indices...
http://stockcharts.com/h-sc/ui?s=$VIX&p=W&b=5&g=0&id=p91708985407
coolhand
Well-known member
Remember folks, there are two important virtues in trading...
1. Patience
and
2. Wisdom
View attachment 9258
1. Patience
and
2. Wisdom
View attachment 9258
Nordic
Member
Hey CH,
The SS sure gave a timely sell signal and you got out at a great time.
Good job!
Big copy on that, I got out last Friday mainly due to the SS starting to roll over into the sell signals. End of quarters/beginning of new quarters have been brutal the last 2-3 quarters...Oct/Nov and Jan/Feb saw some big losses. We'll see if April/May holds true to that pattern...so far so good with today's continuing volatility.
KevinD
Well-known member
coolhand
Well-known member
Bless you and IYB's sentinels.
It's nice to be on the right side of the trade this time, isn't it?
Frixxxx
Moderator
It's always good to be on the right side....I'm at 9.95% for the year...I'm flying high! Maybe the yo-yo will rise up to meet last highs?It's nice to be on the right side of the trade this time, isn't it?
coolhand
Well-known member
It's always good to be on the right side....I'm at 9.95% for the year...I'm flying high! Maybe the yo-yo will rise up to meet last highs?
Technicals are a mess right now. We penetrate the 50 DMA on the S&P and we're probably going lower. But given the SS sell, we should be going lower anyway (bounces notwithstanding).
The SMA is just about here (~1,169); EFA has already pierced the 50 DMA and going nowhere good; and the ^DWCPF has yet to hit it's 20 DMA - but I think it will hit it by end of week and move farther south.
I'm not sure what feels better, locking in a 3% gain, or avoiding a 3% loss
I'm sure will see 1,200 in the S&P some time again, sooner or later (we saw it for the first time in what was it? 1998?)
coolhand
Well-known member
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aykGaShI_2ig
Treasury 10-year note yields, the yield curve and 10-year swap spreads are all on the brink of breaking through long-held technical ranges, according to Royal Bank of Scotland Group Plc.
Treasury 10-year note yields, the yield curve and 10-year swap spreads are all on the brink of breaking through long-held technical ranges, according to Royal Bank of Scotland Group Plc.
coolhand
Well-known member
http://www.bloomberg.com/apps/news?pid=20601039&sid=agl3LtsQ3YrA
All hail Keynes. That’s the message in President Barack Obama’s decision to nominate Janet Yellen, Peter Diamond, and Sarah Bloom Raskin to fill vacancies at the Federal Reserve. This trio makes sense only if you believe the philosophy of the most influential economist of the modern era, John Maynard Keynes.
What makes them odd choices is that the events of the past five years don’t make Keynes look good. Other schools of economic thought come to mind instead. One is the public choice school, which holds that Keynesianism uses crises as pretext to enlarge governments.
Recent history also validates Austrian economics. This camp asserts that government involvement in markets is inherently dangerous. Austrians were among the first to warn that the hybrid status of government sponsored enterprises like Fannie Mae and Freddie Mac could lead to disaster.
All hail Keynes. That’s the message in President Barack Obama’s decision to nominate Janet Yellen, Peter Diamond, and Sarah Bloom Raskin to fill vacancies at the Federal Reserve. This trio makes sense only if you believe the philosophy of the most influential economist of the modern era, John Maynard Keynes.
What makes them odd choices is that the events of the past five years don’t make Keynes look good. Other schools of economic thought come to mind instead. One is the public choice school, which holds that Keynesianism uses crises as pretext to enlarge governments.
Recent history also validates Austrian economics. This camp asserts that government involvement in markets is inherently dangerous. Austrians were among the first to warn that the hybrid status of government sponsored enterprises like Fannie Mae and Freddie Mac could lead to disaster.
coolhand
Well-known member
http://dealbook.blogs.nytimes.com/2...dmans-role-as-market-maker/?partner=bloomberg
Goldman Sachs insists that it did nothing wrong and was just acting as a middleman when it sold billions of dollars of securities that are at the center of the Securities and Exchange Commission’s fraud case against the firm. But John C. Coffee Jr., a professor of securities law at Columbia University, told a Senate hearing on Tuesday that Goldman was much more than a middleman and that it therefore had a duty to its clients that went beyond just filling orders.
“Goldman was not a neutral dealer, but a soliciting placement agent,” Mr. Coffee told a Senate Judiciary subcommittee. “Acting as a placement agent for a securities offering that one has itself designed is very different from a dealer simply quoting a two-sided spread.”
Goldman Sachs insists that it did nothing wrong and was just acting as a middleman when it sold billions of dollars of securities that are at the center of the Securities and Exchange Commission’s fraud case against the firm. But John C. Coffee Jr., a professor of securities law at Columbia University, told a Senate hearing on Tuesday that Goldman was much more than a middleman and that it therefore had a duty to its clients that went beyond just filling orders.
“Goldman was not a neutral dealer, but a soliciting placement agent,” Mr. Coffee told a Senate Judiciary subcommittee. “Acting as a placement agent for a securities offering that one has itself designed is very different from a dealer simply quoting a two-sided spread.”
CH,
I want to praise your excellent contribution to this message board. I mostly follow your interpretation of the SS. I saved a bundle by going to G and F on the same day you did. Thanks again.
I want to recognize also the help that I received from others. There was important convergence of signals coming from JTH. It was helpful to receive Xlent Lady's opinion before I did my IFT (one more left for May). With all his family problems, Uptrend also came through with his opinion that his system was flashing a top. I know we have a fine group of members here that we can positively count on. I probably failed to mention many more. Good day!
I want to praise your excellent contribution to this message board. I mostly follow your interpretation of the SS. I saved a bundle by going to G and F on the same day you did. Thanks again.
I want to recognize also the help that I received from others. There was important convergence of signals coming from JTH. It was helpful to receive Xlent Lady's opinion before I did my IFT (one more left for May). With all his family problems, Uptrend also came through with his opinion that his system was flashing a top. I know we have a fine group of members here that we can positively count on. I probably failed to mention many more. Good day!
coolhand
Well-known member
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a81VtYVwztcQ
Portugal may have its credit rating cut by Moody’s Investors Service for the first time as the country struggles to reduce its budget deficit and revive economic growth a sign that contagion from the Greek crisis is spreading.
Moody’s today placed its Aa2 rating on review for a possible downgrade, a process that will conclude within three months, the company said in a statement. Portugal has held the third-highest Moody’s investment grade since 1998.
Investors are shifting their attention to Portugal after surging bond yields forced Greece to seek a 110 billion-euro ($142 billion) bailout from the euro region and the International Monetary Fund. The extra yield they demand to hold Portuguese 10-year bonds over German bunds was close to the highest level today since 1997 and Bundesbank President Axel Weber warned that the euro region faces “grave contagion effects.”
Portugal may have its credit rating cut by Moody’s Investors Service for the first time as the country struggles to reduce its budget deficit and revive economic growth a sign that contagion from the Greek crisis is spreading.
Moody’s today placed its Aa2 rating on review for a possible downgrade, a process that will conclude within three months, the company said in a statement. Portugal has held the third-highest Moody’s investment grade since 1998.
Investors are shifting their attention to Portugal after surging bond yields forced Greece to seek a 110 billion-euro ($142 billion) bailout from the euro region and the International Monetary Fund. The extra yield they demand to hold Portuguese 10-year bonds over German bunds was close to the highest level today since 1997 and Bundesbank President Axel Weber warned that the euro region faces “grave contagion effects.”
coolhand
Well-known member
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aXVDYwRKdfF8
Spain’s borrowing costs may climb tomorrow at the country’s first debt sale since its credit rating was cut last week on concern the fiscal crisis pummeling Greek bonds will spread to fellow euro-region countries.
The Treasury may sell as much as 3 billion euros ($3.89 billion) of five-year notes to yield 3.34 percent, according to the median estimate of seven analysts and investors in a Bloomberg News survey. The yield was 2.84 percent when Spain auctioned 4.5 billion euros of the same securities on March 4.
Prime Minister Jose Luis Rodriguez Zapatero is struggling to cut a budget deficit that’s almost four times the European Union’s limit and avoid a bailout after Greece won a 110 billion-euro rescue from the EU and International Monetary Fund. Investors are demanding the biggest premium in yield to buy Spanish bonds rather than benchmark German bunds since the euro’s introduction in 1999.
“Spain has looked into the abyss,” said Gary Jenkins, head of credit research at Evolution Securities Ltd. in London. “After last week, they cannot assume liquidity will always be there. They have to prove they are worthy of it.”
Spain’s borrowing costs may climb tomorrow at the country’s first debt sale since its credit rating was cut last week on concern the fiscal crisis pummeling Greek bonds will spread to fellow euro-region countries.
The Treasury may sell as much as 3 billion euros ($3.89 billion) of five-year notes to yield 3.34 percent, according to the median estimate of seven analysts and investors in a Bloomberg News survey. The yield was 2.84 percent when Spain auctioned 4.5 billion euros of the same securities on March 4.
Prime Minister Jose Luis Rodriguez Zapatero is struggling to cut a budget deficit that’s almost four times the European Union’s limit and avoid a bailout after Greece won a 110 billion-euro rescue from the EU and International Monetary Fund. Investors are demanding the biggest premium in yield to buy Spanish bonds rather than benchmark German bunds since the euro’s introduction in 1999.
“Spain has looked into the abyss,” said Gary Jenkins, head of credit research at Evolution Securities Ltd. in London. “After last week, they cannot assume liquidity will always be there. They have to prove they are worthy of it.”
