Member
Posted 07 April 2017 - 10:05 AM
If the banks cannot climb out of their lower boxes (see chart) while the NYSI is rising, I suspect they are going to get clobbered again when next it turns down, and Semi is no doubt right (again) -- it's going to be DB that is "the big short" this time around. And if they all drop out of those boxes it is not going to bode well for the market in general and probably the economy at large.
(Unless, of course, it is different this time 
).
Good luck and good trading.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
Volume Dynamics Specialist
Posted 07 April 2017 - 10:17 AM
With the $Trillions of FAKE MONEY supporting the market... what could possibly go wrong?
Member
Posted 07 April 2017 - 01:47 PM
With the $Trillions of FAKE MONEY supporting the market... what could possibly go wrong?
Volume Dynamics Specialist
Posted 07 April 2017 - 02:43 PM
Well, the banks are secondary to the currencies... a much BIGGER market...
Right here we have the EUR$ on the 2003 Cliff...
A close now under 1.06 can lead to a sharp decline...
EUR$ is not in a good place to spend the weekend.
Member
Posted 07 April 2017 - 04:14 PM
ES settlement price appears to be 2353.75. Almost every day it is within .25 of the 4:15 PM eastern close which today was 2352.25. If that settlement is correct, it looks rather fishy to me....(not that it really matters to me).....but it must matter to somebody. The HIGHEST ES price print between 4:00 PM and the 4:15 close was 2353.5 and it only touched that briefly. The highest price print on the 5 minute closing bar was 2353.
Member
Posted 13 April 2017 - 12:58 PM
I guess Jamie is hoping the mortgage regulation will be eased so the banks can get the chance to do 2008 all over again.
And it appears the housing market is counting on that too. Funny. Last time in history it was the banks making new highs while the housing stocks were dying. This time it could be the housing stocks fly while the banks die. (Ask me and I'd guess these are the next tops to drop.)
Update on the banks (bye, bye, DB, and no wonder Jamie want to free up subprime buyers:
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
