Lemur Posted November 4, 2009 Report Share Posted November 4, 2009 Sold half S+P calls into this strength. Madness - you read this mkt really well. Great call on the pre-Fed ramp. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted November 4, 2009 Report Share Posted November 4, 2009 Added a small ES short position at 1055.75. Link to comment Share on other sites More sharing options...
Rationalize Posted November 4, 2009 Report Share Posted November 4, 2009 Good info, thanks. I guess everyone has matured here so gay chubby banker jokes aren't funny any more. Fade dat. ... Are we at ES 1060 yet? Link to comment Share on other sites More sharing options...
I_Am_Madness Posted November 4, 2009 Report Share Posted November 4, 2009 Sold half S+P calls into this strength. Madness - you read this mkt really well. Great call on the pre-Fed ramp. You welcome. Link to comment Share on other sites More sharing options...
Brick Stoolhouse Posted November 4, 2009 Report Share Posted November 4, 2009 Watching AUD here after double bottom at completely random spot.... Coming into potential resistance area... If my memory serves me, we have had assblasts on the last several Fed days as people bet that Ben will remain dovish in the statement. Bucky, Gold and equities seem to be making the same bet today.Roubini was on CNBS this morning saying that when the bucky shorts have to cover theres going to be a lot of people trying to get out of a very small door. Should be entertaining to watch. Link to comment Share on other sites More sharing options...
phatbubble Posted November 4, 2009 Report Share Posted November 4, 2009 It just seems to me a lot of people are front running this fed announcement.The gold folks think we are staying at .25 forever. I wonder if the trade is to fade the crowd. A hiccup in Big Ben's words might cause one hell of a bitch slapp'n. Thinking the same thing. Link to comment Share on other sites More sharing options...
Rationalize Posted November 4, 2009 Report Share Posted November 4, 2009 A day of Words, and the VIX is down. Got long options? Link to comment Share on other sites More sharing options...
I_Am_Madness Posted November 4, 2009 Report Share Posted November 4, 2009 Added a small ES short position at 1055.75. A little more at 1056... Link to comment Share on other sites More sharing options...
Lemur Posted November 4, 2009 Report Share Posted November 4, 2009 Added a small ES short position at 1055.75. Do you have a stop in mind or do you just plan to take the heat and wait if they really pump it up post Fed. Link to comment Share on other sites More sharing options...
Lemur Posted November 4, 2009 Report Share Posted November 4, 2009 Thinking the same thing. Even if they take gold down my guess is there is a lot of money on the sidelines waiting to get in. Link to comment Share on other sites More sharing options...
ChickenLittle Posted November 4, 2009 Report Share Posted November 4, 2009 Why all the sudden euphoria? Hmmmm? ISM was worse than exp. ADP slightly worse too. No particularly great earnings reports that I could see. The markets acting untethered and chaotic.Dollar getting hit again. Gold to the moon. Zero interest rates are the problem. Market is begging for some adult supervision. Maybe the Fed needs cover to "tighten". After all there must be a lot of pressure from Potus and Timmy who like amateur traders are taking victory laps based on nothing other than the stock market being up. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted November 4, 2009 Report Share Posted November 4, 2009 Do you have a stop in mind or do you just plan to take the heat and wait if they really pump it up post Fed. I got a stop if we take out 1070ish... Link to comment Share on other sites More sharing options...
Rationalize Posted November 4, 2009 Report Share Posted November 4, 2009 Even if they take gold down my guess is there is a lot of money on the sidelines waiting to get in. And the money on the "sidelines" is getting out of what to get into gold? MMs? Equities? Shoeboxes? Link to comment Share on other sites More sharing options...
I_Am_Madness Posted November 4, 2009 Report Share Posted November 4, 2009 Added more at 1056.75. Now at 1/2 position. Waiting for the fed pump to add more if we get into the 1060s...if not..GREAT! Link to comment Share on other sites More sharing options...
K Wave Rider Posted November 4, 2009 Report Share Posted November 4, 2009 If my memory serves me, we have hadassblasts on the last several Fed days as people bet that Ben will remain dovish in the statement. Bucky, Gold and equities seem to be making the same bet today.Roubini was on CNBS this morning saying that when the bucky shorts have to cover theres going to be a lot of people trying to get out of a very small door. Should be entertaining to watch. The action I'm really waiting for is to see what happens if USD/JPY takes out 95 upisde...could be MAJOR game changer..... That pull back under 90 may have been the last great chance to get aboard... A move above 91 should get the big locomotive's wheels movin' out of the station Link to comment Share on other sites More sharing options...
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