07/09/2015 Live Update

[Cobra]

100% mm target met, so this bear may at least have small legs.

[BullBear52x]

perhaps of note, as UUP hits its HOD, USO is far off its low.. Something other than currency factors are keeping it bouyant.

I still view all of this is the outcome of currencies war.

[BullBear52x]

100% mm target met, so this bear may at least have small legs.

Com'on, baby need new shoes

[uempel]

Ellipses and grid show the importance of the SPX 2030/40 area

[Daniel]

..I still view all of this is the outcome of currencies war.

Absolutely. In the longterm view, the last few years of this bull market have been entirely liquidity-driven. M2 has correlated with broad market moves far better than any normally reliable economic indicators. Markets have inflated rather than 'grown'.

What's that BB52 likes to say: "It is what it is Dept"

[cletus]

This note from Schwab explains why the Ted Spread is nowhere near Lehman levels over the Greece episode. It simply isn't that risky because of how the debt has already been re-structured.

Uncertainty is elevated, particularly within the Eurozone, and markets don't like uncertainty. Short term, markets will likely sell off perceived riskier assets and result in a flight to perceived safe havens until there is more clarity about whether Greece will exit the euro and the extent of contagion to the peripheral countries of Spain and Italy in particular.

Longer term, the crisis in Greece may not turn out to be a major global market event. Global growth is stronger and more balanced than it's been for the last five years, with all of the world’s major economies growing. This means the global economy may be more resilient to shocks, in the case of a Grexit.

The risk of financial contagion has also been greatly diminished compared to a few years ago. Greece’s private sector debt was restructured in 2012, and as a result, 80% of Greece's government debt is now held by European institutions, with the European Financial Stability Fund (EFSF) holding the majority. That means it is no longer held by highly leveraged banks that could cause a financial crisis or a hedge fund that could cause a market failure. The ECB now stands ready to buy the government debt of Eurozone member countries through its quantitative easing program, which was not in place during past crises.

[BullBear52x]

..I still view all of this is the outcome of currencies war.

Absolutely. In the longterm view, the last few years of this bull market have been entirely liquidity-driven. M2 has correlated with broad market moves far better than any normally reliable economic indicators. Markets have inflated rather than 'grown'.

What's that BB52 likes to say: "It is what it is Dept"

[uempel]

Playing the market can be quite exciting, but the level of adrenaline output in this stunt is at least a hundred times greater ...

https://www.youtube.com/watch?v=9v3a7r39QSE

[BullBear52x]

Playing the market can be quite exciting, but the level of adrenaline output in this stunt is at least a hundred times greater ...

https://www.youtube.com/watch?v=9v3a7r39QSE

Now that is more dangerous than day trading for sure.

[fehro]

/ES struggles at 200d..

[uempel]

Playing the market can be quite exciting, but the level of adrenaline output in this stunt is at least a hundred times greater ...

https://www.youtube.com/watch?v=9v3a7r39QSE

Now that is more dangerous than day trading for sure.

BullBear, a bad trader dies slowly ...

[fehro]

AAPL nearing thin air zone.. take out the other low 122.. quick drop to 200d/119 previous high

almost there

[BullBear52x]

Playing the market can be quite exciting, but the level of adrenaline output in this stunt is at least a hundred times greater ...

https://www.youtube.com/watch?v=9v3a7r39QSE

Now that is more dangerous than day trading for sure.

BullBear, a bad trader dies slowly ...

If it's bad enough you can always become involunteer investor. plan B of day trader.

[MrMiyagi]

SPY should bounce here since I bought a couple of puts...

[BullBear52x]

I am still in the bull wagon intraday, well, so far the early bird got shot down but bulls are not out just yet.

[fehro]

/ES struggles at 200d..

Next level 2040.75

[BullBear52x]

maybe we go for gap fill, then that will also be Papa bull last stand too tho.

[fehro]

INDEX days.. we are green... but yikes those are some crazy candles..

[Cobra]

overshot, sudden strong selling, vol surge and 2:30, all aligned for a rebound to 3pm as usual?

[fehro]

ding ding.. target almost tagged.. close enough for today