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The same story for past several days.

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#1 alexnewbee

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Posted 01 December 2016 - 10:16 AM

Killing NDX, shorts get their faces ripped of in GS&JPM

I would not be surprised to see some corpses going belly up soon )

 

there was a tweet comparing today with 1980 rally after Reigan. I would say it rhymes at least.

 

very very dangerous market. If you are long stocks.

Reminds me 2007, especially if you check charts of GS&JPM


Edited by alexnewbee, 01 December 2016 - 10:17 AM.

"we do G.d's work" Lloyd Blankfein

#2 alexnewbee

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Posted 01 December 2016 - 10:19 AM

some h-funds were heavy short financials and long tech


"we do G.d's work" Lloyd Blankfein

#3 q4wer

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Posted 01 December 2016 - 10:22 AM

rising interest rate is bad for banks?  I think the other way


Edited by q4wer, 01 December 2016 - 10:24 AM.


#4 alexnewbee

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Posted 01 December 2016 - 10:29 AM

2uji45g.png

2cqmslv.png

 

sorry, different scale. but still gives you a feeling of what is happening.


Edited by alexnewbee, 01 December 2016 - 10:31 AM.

"we do G.d's work" Lloyd Blankfein

#5 tommyt

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Posted 01 December 2016 - 10:43 AM

"

very very dangerous market. If you are long stocks.

Reminds me 2007, especially if you check charts of GS&JPM"

 

I dont see it as bearish sitting at/near new highs. We are getting a mild erosion in the internals and many things have bear divergences forming on a turn down, the sell window for ST players is now potentially opening in this early/mid December time frame. Big declines dont normally start off of highs, some pullback and more deterioration has to take place, Mc Osc still above 0. Underinvested pre election, performance chasing, and seasonal is clearly on the bull side so far. NAZ your one so far, with an unwind in big tech post election still going on. Rut leading down would be another good item. I would trade both sides for now until further evidence surfaces.


Edited by tommyt, 01 December 2016 - 10:52 AM.


#6 alexnewbee

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Posted 01 December 2016 - 10:53 AM

time will tell


"we do G.d's work" Lloyd Blankfein