09/19/2013 Live Update

[Cobra]

target not sure.

[L_T]

Speaking of dry bulk check out EGLE.

[simpletrader]

bull blag?

[Cobra]

short lived descending triangle. stuck in a range.

[jack black]

I guess big money managers werent expecting what happened yesterday.

Everybody still in shock, trying to figure it out....

Yap.
However, sentimentrader did a study what happens after the FOMC meltup and new high. Invariably it was followed by a correction. My memory confirms that too. Buying on news is always a bad idea.

Speaking about Bernanke, he only cares about inflations and wants tons of it. He doesn't care if the REAL inflation is running about 5% now. His lying indicator shows under 2% and that all he cares. Hee seems too dense to realize that inflation is killing bonds and mortgage applications right now, and it will come back to haunt him big time.

[jack black]

Anyone see the Baltic Dry Index lately?

I followed it for a long time and I fail to see any value in this anymore. These days it seems to only correlate with (suppressed) shipping rates and nothing else.

[fehro]

SPX 15m

[simpletrader]

flat line again after the opening hour

[L_T]

Thought someone may find this interesting:

"The True Size of the Shadow Banking System Revealed (Spoiler: Humongous)
The shadow banking system is vastly bigger than regulators had thought, say econophysicists who have developed a powerful new way to measure its hidden impact"

https://medium.com/the-physics-arxiv-blog/5e1dd9d1642

[Cobra]

2nd test of day low. key time.

[Cobra]

possible target if really breaks down.

[L_T]

Anyone see the Baltic Dry Index lately?

I followed it for a long time and I fail to see any value in this anymore. These days it seems to only correlate with (suppressed) shipping rates and nothing else.

Funny I haven't looked at it for months but have seen it mentioned a few times recently across the various blogs I read. Some of the individual shippers may finally be buy candidates after being in the dog house for who knows how long. Could be a case of earnings being revised higher and higher as the BDI rises. Just an idea as I haven't researched it enough yet to warrant any action.

[MrMiyagi]

spy

[kongen]

Jack Black: "Speaking about Bernanke, he only cares about inflations and wants tons of it. He doesn't care if the REAL inflation is running about 5% now. His lying indicator shows under 2% and that all he cares."

Teabag nonsense.

[TWT]

$SPX: I would not rule out one more up leg #spx #elliottwave

[stlwater]

Jack Black: "Speaking about Bernanke, he only cares about inflations and wants tons of it. He doesn't care if the REAL inflation is running about 5% now. His lying indicator shows under 2% and that all he cares."

Teabag nonsense.

Welcome to my ignore.

[fehro]

AAPL 60m... couple of possible H&S.. one invs.. and a messier H&S. fwiw.

[jack black]

Jack Black: "Speaking about Bernanke, he only cares about inflations and wants tons of it. He doesn't care if the REAL inflation is running about 5% now. His lying indicator shows under 2% and that all he cares."

Teabag nonsense.

Huh? I guess you are enjoying your zero inflation world too much.

[Cobra]

another test of the day low, so key time again. 50% chances of reversal.

[Cobra]

1st target reached.