07/28/2014 Live Update

[brucekeller]

Not convinced. Just a bunch of lower lows. I bet we go down from here, especially IWM.

[MrMiyagi]

Not convinced. Just a bunch of lower lows. I bet we go down from here, especially IWM.

Could just diverge like it did in May. FOMC in 49 hours, Janet will pimp the market.

[brucekeller]

Advance Decline is still pretty ugly too and just got uglier in a minute or two after I last checked.

[Out of Bounds]

BOING!

[Out of Bounds]

S&P breadth is now positive
NYSE breadth is -347

[fehro]

SPX 15m... closing in on upper gap.. channel testing of sorts...

[Al_Dente]

[save for later]
NEW MONEY MARKET RULES
The SEC adopted rules that give money market funds the ability to stem investor redemptions during times of stress.
Money market funds, in these situations, will be able to impose fees and delays that temporarily prevent investors from taking out their cash.
http://dealbook.nytimes.com/2014/07/23/ ... blogs&_r=0

[Cobra]

target almost met. this bull may still have legs.

[quientuves]

[save for later]
NEW MONEY MARKET RULES
The SEC adopted rules that give money market funds the ability to stem investor redemptions during times of stress.
Money market funds, in these situations, will be able to impose fees and delays that temporarily prevent investors from taking out their cash.
http://dealbook.nytimes.com/2014/07/23/ ... blogs&_r=0

So, if things go bad... they prevent you to sell in-time, instead you have to support (if you can) the loss and wait until dust settles and see if they left something to be sold...

and this creates confidence in the market...

[brucekeller]

Ok I quit being bear lol.

[gappy]

5 minute ihs?

[Out of Bounds]

[save for later]
NEW MONEY MARKET RULES
The SEC adopted rules that give money market funds the ability to stem investor redemptions during times of stress.
Money market funds, in these situations, will be able to impose fees and delays that temporarily prevent investors from taking out their cash.
http://dealbook.nytimes.com/2014/07/23/ ... blogs&_r=0

So, if things go bad... they prevent you to sell in-time, instead you have to support (if you can) the loss and wait until dust settles and see if they left something to be sold...

and this creates confidence in the market...

To be fair, those securities are usually less than a week to maturity and average 2-3 days, so the delay would be a very short time. It's so highly leveraged that a run would "bust the buck" and kill liquidity while a delay would hold things together while underlying paper matured. I like the idea.

If this is wrong, it's because I may be remembering it wrong - it's been a while.

[Tutti]

[save for later]
NEW MONEY MARKET RULES
The SEC adopted rules that give money market funds the ability to stem investor redemptions during times of stress.
Money market funds, in these situations, will be able to impose fees and delays that temporarily prevent investors from taking out their cash.
http://dealbook.nytimes.com/2014/07/23/ ... blogs&_r=0

Great rule when markets are all time highs and no one wants a redemption. Not so great rule circa-2008 when people were positive there was going to be a run on the banks and there were people arming themselves to get their cash out of the banks. This rule wont last a week if we get another 2008. Guaranteed.

[Out of Bounds]

NYSE breadth up to -160
S&P at 16

[gappy]

NEW YORK (MarketWatch) -- U.S. government debt prices fell Monday after the Treasury Department sold $29 billion in 2- year notes at the highest auction yield since 2011

Capture.PNG

[Cobra]

very small double top.

[Cobra]

members only update at 2:25pm
http://www.cobrasmarketview.com/2014/07 ... ay-update/

[Cobra]

members only update at 2:36 pm
http://www.cobrasmarketview.com/2014/07 ... ay-update/

[Cobra]

double top target fulfilled but bears still need make mini bear target.

[ALdaytrade]

[save for later]
NEW MONEY MARKET RULES
The SEC adopted rules that give money market funds the ability to stem investor redemptions during times of stress.
Money market funds, in these situations, will be able to impose fees and delays that temporarily prevent investors from taking out their cash.
http://dealbook.nytimes.com/2014/07/23/ ... blogs&_r=0

I find this to be incredible! Poor little investors. SEC working for investors? I think not!