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Steve McQueen "Bullitt" U-Turn


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As usual, the Arena goes silent for an hour or so before the Federal Open Mouth Committee announces its decision on interest rates.

 

Nowhere else in history has so much Speculative Hot Money hung in a delicate balance, ready to move based on what ever utterances emerge from Al Green's permanently sagging Open Mouth which looks like a Venus Fly Trap.

 

Billions of global market capitalization.

 

Trillions of derivatives.

 

Millions of myriad options strategies.

 

Thousands of HedgeHogs and Arbitrage Gamers leveraged 100:1.

 

Why so much leverage??

 

Because the easiest gambling play on the planet is to wait for the hysterical selloff post the announcement, then go long on stocks for the Steve McQueen U-Turn onto the Northbound Ramp.

 

Never before has the market been so accomodating to the speculators.

 

Never before have all Matrix Oracle Predictions come true.

 

Never before has so much leveraged capital been able to game the Open Mouth antics so successfully.

 

Never before has there been a bear market where speculative intensity increased as the market made new lows, and then the speculative intensity and leverage went even higher to unheard limits into Outer Space as the market engaged in the greatest meltup of all time.

 

Is it any wonder why the Arena Participants are frozen minutes before the announcement? Is it any wonder why all research is immediately directed towards the market's reaction?

 

Note how every sector is micro-analyzed by Barfing.com immediately after the Open Mouth discussion is released:

 

Biotech stocks mixed after Fed holds steady on rates (BTK, NBI, GILD) by Ted Griffith

 

BOSTON (CBS.MW) -- Biotechnology stocks were mixed Tuesday afternoon, with shares of Gilead Sciences among the notable decliners after the Federal Reserve took no action to change interest rates. The Amex Biotechnology Index (BTK) slipped 0.9 percent. Shares of Gilead Sciences (GILD) slid $3.96, or 6 percent, to $62.05. anal cyst David Molowa at JP Morgan cut his rating on Gilead shares to "neutral" from "overweight," saying the company's strong earnings growth is already reflected in the stock's price.

 

Energy stocks don't react to Fed decision ($OSX, $OIX, $UTY, $XNG) by Lisa Sanders

 

DALLAS (CBS.MW) -- Energy stocks continued their trading pattern, unfazed by the Fed's expected decision to leave interest rates unchanged. The Philadelphia Oil Service Index (OSX) and the CBOE Oil Index (OIX) continued to trend lower, while the Amex Natural Gas Index (XNG) and the Philadelphia Utility Index (UTY) remained higher.

 

Metals shares continue higher after Fed decision (NEM, $XAU) by Myra P. Saefong

 

SAN FRANCISCO (CBS.MW) -- Shares of metals mining companies continued to move modestly higher, following the Federal Reserve's expected decision to leave interest rates unchanged at 1 percent. A 1.3 percent rise in shares of Newmont Mining (NEM) to $39.10 is leading the Philadelphia Gold and Silver Index ($XAU) up by 0.4 percent.

 

Airlines remain lower after Fed leaves rates alone ($XAL) by August Cole

 

SAN FRANCISCO (CBS.MW) -- Airline stocks were little changed after the Federal Open Market Committee left overnight lending rates unchanged on Tuesday. The Amex Airline Index ($XAL) was off 0.1 percent to 63.74.

 

Financial stocks hold onto gains after Fed move ($BKX, $XBD) by Steve Gelsi

 

NEW YORK (CBS.MW) -- Financial stocks held onto their gains for the day after the Federal Reserve Board announced that interest rates will remain unchanged. The Philadelphia Bank Index ($BKX) rose 0.4 percent, and the Amex Securities Broker/Dealer Index added 1.8 percent.

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Matrix Mobsters tricked me again.

 

Note the false break under 195, which caused me to panic out of some positions on the fear of a spec long liquidation.

 

HUI closed over 195 today.

 

Jerks.......

 

Will have to see how gold trades tomorrow.

 

I did my part today. Used some of the cash profits and ordered some Chinese Pandas.

 

The only way the gold shorts will get smoked is if gold bugs buy more physical gold........

post-7-1063742594.gif

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Boner!

 

Your Closing Anals Intraday are now posted. Take a subscribatory, open it and download it RIGHT NOW, along with everything else in your Anals!

 

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Classic quote from Barfing.com

 

3:00PM: The indices sprinted to new session highs in wake of the FOMC decision, with their run expedited by program trading. Sectors spearheading the advance include the tech groups, among which the semiconductor, software, networking, and computer hardware have all advanced more than 2%...

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time to accept the facts. All efforts will beutilized to bail out the debtors as they are the vast majority and that is what happens in a democracy. ( of course democracys never last , but that is whole nother issue) The economy is gone, the re fi bubble burst, and this has not gone unnoticed by the statists at the fed. The fed and the various bulge wall street firms will do everything possible to keep the stock mkt bid in hopes of prolonging the day of reckoning. FOrget the news, except if it is bad , as bad news must be bought .

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It's gotten to the point where I react to all news as bullish. Hurricane? Bullish. Terrorism? Bullish. War? Bullish. Trade Barriers? Bullish. Government coverup? Bullish. Wall Street Fraud? Bullish. High Interest Rates = Recovery = Bullish. Low Interest Rates = Liquidity = Bullish.

 

See it's easy.

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from a forex board:

 

"Debts?..Well No one can ask them...it would make U.S.A default and then THE HOLDERS loose their money...USA is the DEBTOR..not the holder of the debt.Risk is more with the holders..so people will have to enjoy "forced interests".."

 

 

well, at least thats a contrary opinion, and i wouldnt say that i totally diagree with it. Think about the biggest, strongest guy in the schoolyard..... he never has to pay back debt...... and if now someone say "but what was with argentina?2, then i say: Argentina is like the ugly guy with the big fat glasses and his name is ELLIOTT........ he HAS to pay back his debt.

 

:lol: :lol: :lol:

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time to accept the facts. All efforts will beutilized to bail out the debtors as they are the vast majority and that is what happens in a democracy. ( of course democracys never last , but that is whole nother issue) The economy is gone, the re fi bubble burst, and this has not gone unnoticed by the statists at the fed. The fed and the various bulge wall street firms will do everything possible to keep the stock mkt bid in hopes of prolonging the day of reckoning. FOrget the news, except if it is bad , as bad news must be bought .

Soup,

 

There has to be a trading idea in there somewhere.

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