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Posted 16 January 2019 - 04:10 PM
Entropy,
Shorter-term "investment-grade" bonds were selling off in the first half of December. They were a safe harbor during the stock market sell off in October/November. Curiously, they were already making a higher low in the latter stages of selloff in December. Does it ring any bell regarding your LQ thesis?
Member
Posted 16 January 2019 - 10:35 PM
Entropy,
Shorter-term "investment-grade" bonds were selling off in the first half of December. They were a safe harbor during the stock market sell off in October/November. Curiously, they were already making a higher low in the latter stages of selloff in December. Does it ring any bell regarding your LQ thesis?
OK Thx for the chart Catrader.
That is not something i've ever looked at, but it similar to some things in the credit signals I use (LQD). It looks interesting, maybe it
has some utility for LQ, but nothing obvious I can see, but the moves are intriguing. I think I mentioned before, or maybe I didn't on FF I
get confused where i've said what LOL ...that natural gas and oil ( ERX) have a close match to LQ for the last 1 year ( not before) - so
its likely temporary, but its a strong correlation at the moment, so looking at those is good proxy. But I suspect its temporary due to maybe
energy hedge fund problem.
Member
Posted 17 January 2019 - 12:04 PM
Is the OPEX b.s. done? ....probably not but under 2615 it might be, under 2600 high odds it is, and we can finally go down.. assuming
VST LQ stops rising ..has turned down a bit here.
Not done ..held 2600 at open..back to same b.s...looks like around 2615'ish is where they want to park it for OPEX.
In future i'll use the following to be clear about liquidty -
VST_LQ (INTRADAY): Supportive, neutral, or weak : this is purely for the day, or even just few hours .... today its very supportive ( again LOL)
ST_LQ (Main support program I call GSB) : buy, neutral, sell : neutral currently ...applies to multi day swing
Daily_LQ ( general market liquidity - all buy/sell programs): buy, sell : buy moving to sell here ....applies to multi day swing
SO to get whole LQ picture I have to ADD these 3 up - the picture here is the longer timeframe LQ's are topping out, but last 2 days the VST has been very supportive.
I think that will end with OPEX - and then all 3 will be neutral or negative next week - allowing the market to finally pullback and sell signals to forefill.
Hopefully these qualifiers - VSt, ST, DAILY ..will help for clarity ...there is also 'big picture' LQ but that's not really revelant except bull/bear context, right
now its bearish.
Edited by Entropy3.0, 17 January 2019 - 12:10 PM.
Member
Posted 17 January 2019 - 12:17 PM
The VST_LQ can be read alot like price - so here, it appears to be in a Vth wave ...same as price does ...looks terminal but can
play around a while longer ...but I still favor a swing down from as said below 2650...probably this 2625-30 area.
Probably in (iii or iv) of iii of V here, so price action similar to yesterday is high odds.
Member
Posted 17 January 2019 - 05:49 PM
What, more OPEX games? surely not LOL ... with the release of 'news' or not news or fake or possibly fake re:China tarifs ...whatever, typical OPEX and why
I never trade wed-fri of OPEX, learned that many years ago as cardinal rule.
https://www.business...ffs-deal-2019-1
This market reminds me of the Eagles song 'Take it to the limit' ( one more time) 
I wonder what tomorrow brings, perhaps the announcement at 9.29am of the FED agreeing to lower rates? then denying it at 9.31 
We have officially entered the 'jaw bone' phase here, once promises of unicorns and pixie dust stop producing gains, the next phase begins, paying the the piper.
I'm waiting, patiently.
Edited by Entropy3.0, 17 January 2019 - 05:49 PM.
Member
Posted 18 January 2019 - 02:48 PM
Question - Anyone else had problems with Vendor/chart data today? or broker problems?
This is 3rd of 4th time i've had this with stockcharts last 2 months, all around 'surprise news kinda moves - it doesn't matter to me today
as said not trading ..but its becoming a problem ... because it screws up the ST signals for days each time.
Its a massive amount of work for me to move to another vendor - but getting to that point here, but if its effecting other vendors not much
point making that effort - maybe its due to unusual volume the platform ( stockchart ) can't handle - but doesn't appear to be, they tell me the problem
is from where they source the data .so shd effect others?..so who knows , but for ST traders its a big deal of can't rely on it, and messes up for days or even
a week.
Member
Posted 18 January 2019 - 03:12 PM
Entropy: Yes, I had problems with Stockcharts until the afternoon - a lot of glitchy data and erroneous volume in stocks, ETFs and select indices. I noticed this in the morning, and switched to less used indexes (e.g. $NDX instead of QQQ, $NDXE, $NDXT, $DJUSTC, etc) and they mostly worked fine. Where I absolutely needed popular index and ETF data, I used an alternate data source. Other data vendors were not affected.
I'm inclined to think there were indeed unusual volume patterns. The 9:30 am-11 am bars did have above average volume in a lot of tech stocks, which other data vendors confirmed.
Member
Posted 18 January 2019 - 03:20 PM
BTW, I kept nibbling at FANG stocks from the short side from late morning onward, which worked well.
Has FAANG topped out as a group ? Or is there perhaps another 2 % of price remaining ? I want to know whether I should increase position size and go after these stocks more aggressively. Looking for data and/or ideas. Any comments or suggestions welcome.
Member
Posted 18 January 2019 - 04:10 PM
OK thx Kaiser - from asking around it seems stockcharts is worst ... so looks like I shd look for something more stable, 4 times is 6 weeks to too much for me.
Hey, aren't high LQ OPEX fun! the criminals can run amok with surprise 'fake' news induced delta hedge moves.
I can't wait for this historical intervention to end and the endless games that go with it ..hopefully as said now OPEX is done, we shall see.
Edited by Entropy3.0, 18 January 2019 - 04:11 PM.
