RealMoneyIssues' Account Talk

[RealMoneyIssues]

Oh, wait...

$VIX is interesting...

A battle is happening at $16 (previously mentioned)

The 20 day MA is leveling, but still in an uptrend

The 20 day MA is over the 50 day MA, which is over the 200 MA, a sign of strength

The daily chart is showing the 200 MA is turning up

Although I know the $VIX is the psychological reaction of options traders to the market, I believe groupthink would keep the $VIX reacting in a consistent manner... but hey, who knows...

Only time will tell...

P.S. The markets are going down and VIX is going up right now... sadly, the market has been going down since our 1200 deadline... figures

 

[RealMoneyIssues]

Well, I guess the bulls finally woke up at 2:30

Considering the amount of POMO (11 bil this week), lack of volume (low trader turn out), and shortened week... I am not surprised

Now... Friday could be interesting...

Short day tomorrow probably means more volatility with 5.75 bil in POMO (twice as much as Mon/Tue combined), lower volume (traders not coming back after their 3 martini lunch), and complete lack of interest in the market by everyone else...

Could be real interesting tomorrow... Big investors can manipulate markets on days like tomorrow and Friday (similar to the time around Thanksgiving, Christmas, and New Years).

Lets see what they hedge fund managers and money market managers have in store for us tomorrow.

Good afternoon!

 

[RealMoneyIssues]

 

[RealMoneyIssues]

Can you become a multimillionaire at age 25?

 

[RealMoneyIssues]

Planned layoffs by U.S. employers rose 8.2% in June from May to 39,372, according to Challenger, Gray & Christmas.

The Institute for Supply Management’s non-manufacturing PMI gauge fell to 52.2 in June from 53. 7 in May, missing expectations that it would rise to 54. The data suggest the U.S. service sector expanded at a slower rate in June.

The Commerce Department reports the U.S. trade deficit widened to $45 billion in May from $40.2 billion in April. Economists expected the gap to fall to $40.1 billion.

Hmmm...

 

[RealMoneyIssues]

JPMorgan Comes Out With First "Overweight" Call On Commodities Since September 2010 | Zero Hedge

I guess JPM is not making the profits on their commodity trade and needs more buyers to boost the prices...

 

[RealMoneyIssues]

Looks like the $5.75 billion of POMO today is lifting the market (well, low volume float helps too).

Sucks for those of us that are short, but all we can do is hope that the gap fill is rejected and we head back down into the close at 1300...

 

[RealMoneyIssues]

Well, the gap fill was resistance, but we are consolidating just below which is bad for bears...

 

[RealMoneyIssues]

Well, the gap fill was resistance, but we are consolidating just below which is bad for bears...

Bulls won for now... Let see if they can keep it going... 55 mins to go

 

[RealMoneyIssues]

View attachment 24369

Ouch... 10 !!

 

[RealMoneyIssues]

Bears need to get the SPX below 1617.10

 

[weatherweenie]

Bears need to get the SPX below 1617.10

The only hope the Bears have is for Friday's employment numbers to miss, badly.

 

[RealMoneyIssues]

The only hope the Bears have is for Friday's employment numbers to miss, badly.

Not really, the market is weak. Can't get above the 50 MA (don't ask about RUT, it is a freak of nature) and the 20 is above the 50...

Bulls need to boost this over 1630 or the bears are still in the game

 

[weatherweenie]

Not really, the market is weak. Can't get above the 50 MA (don't ask about RUT, it is a freak of nature) and the 20 is above the 50...

Bulls need to boost this over 1630 or the bears are still in the game

I'm hoping that you are right.

 

[RealMoneyIssues]

I'm hoping that you are right.

Me too...

They did get the SPX below the 50MA... that is a good sign, but Friday could be very interesting... I will probably not be too active, but curious none the less...

 

[RealMoneyIssues]

"This market will NEVER go down"

Going to go lick my investment wounds...

Have a great week-end everyone!!

 

[Birchtree]

Will it take you six more months before you try on those hoof shoes?

 

[RealMoneyIssues]

Will it take you six more months before you try on those hoof shoes?

If I were a buy and holder, I would be in the same hoof shoes as you. I just don't drink the same kool-aid you do.

Since I obviously like to fight the Fed and feel pain, I am where I am...

 

[RealMoneyIssues]

Took a few minutes out to look at the charts and things are just crazy out there...

Bonds are on a tear, rates rising, national debt costs going up... bad for economy! or is it?

Stocks are "showing" support, but on very low volume... because of a good economy?

Gold is tanking, with no serious support for a very long time... because of a good economy?

Oil is rising sharply for no apparent reason... low inventories? Egypt? bad for the economy?

USD is strong, good for the stock market? or is this because other central banks are devaluing their currency more than ours?

Monday begins 2nd quarter earnings season... is it going to be good or bad?

I have missed out on over 6 months of bullish movement, so nothing I say should be taken seriously... Just the musings of a losing trader.

Enjoy the rest of your seek-end!!

 

[Birchtree]

Has the rotation started? "Friday's declines in bond prices come after investors pulled about $60 billion in June from mutual funds that focus on bonds. That was the most in any single month since the record was kept in 1961. The rout has left investors unsteady about where to put their cash." I can tell you where to put yours. Are you ready to listen?