11/15/2012 Live Update

[jarbo456]

hope you got out of the moving PHK train petsamo.

pretty narsty drop on that one over the past few days, and it's still trading close to 30% premium to its NAV.

that's why trading CEF's is a rough game...especially ones that are trading at a premium.

Jarbo,
I don't see anywhere that PHK is priced based on NAV, where do you see it?

http://cef.morningstar.com/quote?t=phk

I gotta do my sells responsibly. I can't just do a panic sell. I have a 6% exposure to PHK.
I sold my REM but it ain't pullin' back. I have minimal exposure to AGNC, and they're rallying the crap out of it, and ARR. I guess they're rallying them because they're technically due to rally.

true - and it really depends on what price you got into PHK at.

i added to ARR on Tuesday and yesterday, and opened positions in CYS and IVR yesterday to round out my REIT allocation.

i have room to add to all the names should the market take the mREIT's down even further, but here's to hoping i won't have to do that.

[Harapa]

Harapa, I'm not sure if vixies are reliable around expiry...

Are they not reliable

Performance of M05 VIXies setup for trades that include Thu/FRI of Options expiration week.
Security SPY
Period,mode,return
Mar 2012, Sell, -0.3%
Apr 2012, Sell, +0.01%
May 2012, Sell, +3.7%
Jun 2012, Sell -0.8%
Jul 2012, Buy +0.7%
Aug 2012, Buy +0.01%
Sep 2012, Sell +1.2%
Oct 2012, Sell +3.0%
Nov 2012, Sell +3.7% (currently)
Total to Oct +7.5%

[Aussie]

Hi KeiZai, The Australian sharemarket is miniscule compared to the SPX. Our biggest companies would struggle to be in the S&P 500. I'm much more interested in what the AUD tells us about global risk appetite. Have a look at the market action today and compare it to the AUD/USD. I've been trading the SPX successfully using the KDJ Stochastic indicators for the AUD/USD. So I trade the SPY for minutes at a time but based on the action in the AUD.

[TraderGirl]

hope you got out of the moving PHK train petsamo.

pretty narsty drop on that one over the past few days, and it's still trading close to 30% premium to its NAV.

that's why trading CEF's is a rough game...especially ones that are trading at a premium.

Jarbo,
I don't see anywhere that PHK is priced based on NAV, where do you see it?

http://cef.morningstar.com/quote?t=phk

I gotta do my sells responsibly. I can't just do a panic sell. I have a 6% exposure to PHK.
I sold my REM but it ain't pullin' back. I have minimal exposure to AGNC, and they're rallying the crap out of it, and ARR. I guess they're rallying them because they're technically due to rally.

Pets.. your PHK looks like officially in downtrend..lower high and now lower low...maybe it tests the 200dma on the weekly around $11.80...in that case you may want to consider selling if it can't bust it....IMHO...

[Al_Dente]

Harapa, I'm not sure if vixies are reliable around expiry...

Are they not reliable
Performance of M05 VIXies setup for trades that included Thu/FRI of Options expiration week.
Security SPY
Period,mode,return
Mar 2012, Sell, -0.3%
Apr 2012, Sell, +0.01%
May 2012, Sell, +3.7%
Jun 2012, Sell -0.8%
Jul 2012, Buy +0.7%
Aug 2012, Buy +0.01%
Sep 2012, Sell +1.2%
Oct 2012, Sell +3.0%
Nov 2012, Sell +3.7% (currently)
Cumulative to Oct +7.5%

THANKS DOC

[Petsamo]

Pets.. your PHK looks like officially in downtrend..lower high and now lower low...maybe it tests the 200dma on the weekly around $11.80...in that case you may want to consider selling if it can't bust it....IMHO...

OK thanks. I'm looking to sell the rip. I hope there is a rip.

[KeiZai]

Hi KeiZai, The Australian sharemarket is miniscule compared to the SPX. Our biggest companies would struggle to be in the S&P 500. I'm much more interested in what the AUD tells us about global risk appetite. Have a look at the market action today and compare it to the AUD/USD. I've been trading the SPX successfully using the KDJ Stochastic indicators for the AUD/USD. So I trade the SPY for minutes at a time but based on the action in the AUD.

Yeah that´s very wise, currency correlations with other risk assets is my very important tool for trading, they are often saying the story ahead of other assets, I like also USDCAD, NZD or JPY pairs

GL2U and see u later

[Cobra]

fib 61.8% pullback already, you don't want to see more from here.

[pezhead9000]

Bought SSO - it can now crash...

[TraderGirl]

XIV now below 34dma (red), but above support (dotted line), if support fails, more down...
oops forgot chart.

[Al_Dente]

“Apple Stock Hit by Panic Selling: 'Someone Yelled Fire' ”
http://finance.yahoo.com/news/apple-sto ... 7.html?l=1

[fehro]

a little bit of a stretch... invs H&S?

[Cobra]

rebound from fib 61.8 level but so far is weak. I'd give bulls a little more times.

[Al_Dente]

gdx tiny breakout 5min
it’s the first decent break since 11/9
if it holds it will “have legs”
I can’t long it just yet…….. I’ll be late ………. as usual

[fehro]

“Apple Stock Hit by Panic Selling: 'Someone Yelled Fire' ”
http://finance.yahoo.com/news/apple-sto ... 7.html?l=1

http://www.businessinsider.com/paul-tud ... Insider%29

[Petsamo]

China & India sold off last night. Japan was the only one to rally, and they rallied big. The DAX sold off.
I'm baffled why China, India, the emerging markets are sitting higher than where they should be. Based on that, things are looking bullish despite what IWM & the rest of the US market is doing. There's still an hour left to turn things bearish again.

[TraderGirl]

XIV, support not holding...

[Cobra]

looks like the rebound failed. may test the day low again.

[stingrey]

.....I feel smell of reversal soon...

If lots of people are expecting a bounce...can it still happen?

Will be much downside pressure if bounce buyers get no bounce...just a thought...

Nope everyone is scared to buy I am the one but I might missed it

so far 4h hammer on russell

Bounce over already?

[Al_Dente]

TRIN