05/18/2016 Live Update

[Trades with cats]

If you liked the up action this morning New York Feds Dudley speaks at 10:30 tomorrow with a Q&A afterwards. We will have to see how far he walks the Fed minutes back. You know he will, and you know the algos will pounce on the headlines.

[Al_Dente]

CAT HOUR:

[Out of Bounds]

CAT HOUR:

Looks like Charlie Chaplin

[Al_Dente]

CAT HOUR:

Looks like Charlie Chaplin

[sleeman]

still alot of time/fear..a test of 2032.50es = lod under 2030

30 points measurement is met.

true dat

[Junior Buffett]

Hello Gang,

I have a question on real estate market in Toronto and GTA..Is it a good time to buy are there any juice left in real estate prices for couple of years? I am feeling nervous that if I buy home now, I will be holding beg for a long time.

thanks for your responses.

[Trades with cats]

Have no knowledge of Toronto market. Have seen that both Manhattan and Palo Alto are cooling. In US for major markets they have a real estate futures market so that you can hedge. Professors Case and Shilling helped to set it up.

[brokebybernacke2]

all bulls salivate over the big IHS>....bears over smaller HS: david or goliath win?

[thelefteyeguy]

not sure if that's a typical hs pattern....but what do i know...i just watch the pros on this board to learn as much as possible.

[K447]

Hello Gang,

I have a question on real estate market in Toronto and GTA..Is it a good time to buy are there any juice left in real estate prices for couple of years? I am feeling nervous that if I buy home now, I will be holding beg for a long time.

thanks for your responses.

What is your appetite for risk in the GTA housing market?



http://www.huffingtonpost.ca/2016/05/12 ... 34980.html

[thelefteyeguy]

https://www03.cmhc-schl.gc.ca/catalog/p ... 3599736792

CMHC released forecast for the GTA...more upside in resale prices in 2017...but again the factor is assuming a tight market with lack of supply...
everything can change if everyone starts selling...

[Junior Buffett]

Hello Gang,

I have a question on real estate market in Toronto and GTA..Is it a good time to buy are there any juice left in real estate prices for couple of years? I am feeling nervous that if I buy home now, I will be holding beg for a long time.

thanks for your responses.

What is your appetite for risk in the GTA housing market?



http://www.huffingtonpost.ca/2016/05/12 ... 34980.html

I can take on correction of about $ 150k if any correction happens..ofcourse assuming that interest rate going to stay lower for next few years.

[K447]

What is your appetite for risk in the GTA housing market?

...

I can take on correction of about $ 150k if any correction happens..of course assuming that interest rate going to stay lower for next few years.

Over $1 million CAD the CMHC minimum downpayment is larger for mortgage insurance, which is partly why there are lots of smaller properties clustered just under and around that mark.

Beyond $1mm the mortgage portion that is 'principle' is supposed to be larger (20% or more). This is supposed to stabilize the market and reduce risk of default during a downturn.

We shall see.

http://www.trebhome.com/MARKET_NEWS/hou ... /index.htm

[Cobra]

members only update at 3:52 pm
http://www.cobrasmarketview.com/2016/05 ... ay-update/

[Cobra]

well, guess that's it for today. Thursday tomorrow has been bear friendly recently. thank you guys, I'll see you tomorrow.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[Out of Bounds]

Long 39.75 with a target of 47.
GTC order to sell for overnight

[Out of Bounds]

Long 39.75 with a target of 47.
GTC order to sell for overnight

Screw it, I just took the three points and I'm out

[Trades with cats]

Should be lots of speculative geometry talk tonight.

[Wallstreetrader]

Out, 2058 high probably if ascending triangle breaks up ,cya tomorrow

[fehro]

dojis of sorts.. hammers VIX at multiple levels of resistance.. looks ripe for a huge gap up.