12/12/2012 Live Update

[Harapa]

SKEW & SPX : Skew shows NO OTM volume

Per my analysis SKEW is giving a bearish signal. Well, it depends how you read this stuff

I'm basing my analysis on a spike in SKEW (OTM volume) before a downturn

That is the reason I am looking at it, I just analyze it differently.

[BullBear52x]

cheap food, commodities are too weak for the bull run

[Cobra]

Double top? not sure, I'm still neutral, as 30 min to rate announcement, so guess we'll simply consolidates here.

[jarbo456]

It's time for you PHK bears to put your money where your mouth is. PHK is getting slammed.

I wonder why?

The big boys have to play. In all seriousness, if you're complaining about NAV, there are plenty of crap ETFs & stocks with lousy NAVs that you can short. PHK is what you buy more of if it dumps on you unexpectedly.

why do you push PHK so much?

it's trading at a tremendous premium...has highly concentrated positions in high yield bonds mainly in financials with crazy duration risk and has a pretty broken looking chart.

no fundamental or technical reason to buy this CEF.

i'm not saying short it - but you mention it EVERY day on this board, and it makes no sense to me. you're like you're own pump and dump scheme...except i know you don't have nearly enough money for that.

you should be wearing a little PHK cheerleader outift.

[scout_lt]

For those who are interested in Nifty 50: http://blog.wavetrack.com/india-cnx-nifty-50/

[daytradingES]

Good stuff Clark.

---review and update ----
Sat 8 Dec 2012

Quick video on NG (close Friday was $3.551)
Short term outlook is down to $3.40 (or lower)
http://screencast.com/t/soNvcODCb

Target attained with a low of 3.366 today.

[TWT]

AAPL: The bigger picture is bearish but the current corrective bounce could extend higher

[Petsamo]

It's time for you PHK bears to put your money where your mouth is. PHK is getting slammed.

I wonder why?

The big boys have to play. In all seriousness, if you're complaining about NAV, there are plenty of crap ETFs & stocks with lousy NAVs that you can short. PHK is what you buy more of if it dumps on you unexpectedly.

why do you push PHK so much?

it's trading at a tremendous premium...has highly concentrated positions in high yield bonds mainly in financials with crazy duration risk and has a pretty broken looking chart.

no fundamental or technical reason to buy this CEF.

i'm not saying short it - but you mention it EVERY day on this board, and it makes no sense to me. you're like you're own pump and dump scheme...except i know you don't have nearly enough money for that.

you should be wearing a little PHK cheerleader outift.

I'm encouraging you PHK bears to short it. So, if you believe in your NAV bs, short it.
No fundamental reason to buy it? It's dividend is yielding 13%. It's dividends were undisturbed during the 2008-2009 great recession. So, it's a solid security. I don't mention is EVERY day on this board. I mention it every once in a while.

[MrMiyagi]

I guess today's Power or Dour Hour will start in ten minutes.

[TraderJoe]

They say that if Uncle Ben does not announce another QE of buying $40-45 Billion dollars of bonds each month, the market could tank. We shall soon find out!

[daytradingES]

so the profit on one contract from
3.551 to 3.336 would be $1,850 -- wow!
(10,000 muliplier)

$3,206 margin required at IB

[KaZoom]

Looks like TSE data feed working again ?? realtime delayed??

[Cobra]

9 min to the show time. the SPY chart pattern favors bears however the SPXEW pattern below favors bulls. interesting.

[Petsamo]

They're buying up EWG. Anyone see any news ?

[ClarkW]

so the profit on one contract from
3.551 to 3.336 would be $1,850 -- wow!
(10,000 muliplier)

$3,206 margin required at IB

Nice work DTES!

[TraderJoe]

the Committee will continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month.

[Cobra]

show time, let's wait.

[MrMiyagi]

Crazy SPY candle..

[Out of Bounds]

OK, since there seems to be some interest in income plays on this board, here is my approach. With the exception of (C) these all give a nice yield and together, offer a nice bit of diversity. This is my core portfolio and the goals are 1) capital preservation, 2) income, 3) growth. I think this approach achieves all three objectives.

I welcome all criticism.

Capture.JPG (39.56 KiB) Viewed 6144 times

[Darkmatter]

No time to post this earlier. Too bad Rick Santelli got a reputation for screaming. This is from earlier this morning. They are very excited on CNBC lol. Which I don't ordinarily watch, but they are very prompt with their fed reports.

Historic meeting tying low rates to much lower unemployment.