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too early to tell.rola wrote:Cobra is not there double top of some kind on 5 min??
even a broken wrist watch is right twice a day (old style not digital, i'm oldAl_Dente wrote:unreal, thanksjarbo456 wrote:paging al_dente...
There’s no perfect real time muni yield tracker. MMD, which is the AAA benchmark muni scale, is published once a day. It consists of literally some dude at Thomson Reuters that calls up six broker dealers and asks them what their bid ask is on a basked of natural AAA names. That’s it. MMD stays flat during one week of august when this “Dude” goes on vacation. Really.
For intraday color, the muni market uses random “reads” put out there by different B/D, but these aren’t “official”. So what yer left with for “real time” is muni mutual funds, like an MHN, MUB, NVG, etc etc etc. Generally, over the long term, I think those funds are decent at tracking, but not in the short (intra day). There are plenty of days when MHN is up and the muni market is down, vice/versa… Some would venture to say the MCDX is trying to play this role, but I simply laugh. If yer interested in short term rates, SIFMA will help, but that won’t help you on the long end…..welcome to munis…
meredith whitney been calling 4 muni crash 4 long time… where did she go… used to be frequent bobble-head on biz channels…
She called last turn
there was a large selling on strength number for SPY yesterday as well (http://online.wsj.com/mdc/public/page/2 ... stcalendar). although this often is not proceeded by an immediate sell-off, it does indicate potential future weakness. let's hope it does this time as well.rhight wrote:This particular minor up trend (since 10/4) appears to running low on ammo. Notice that the "smart" money bought on 10/4. No reversal pattern to trade against yet, though.
Most probably when the smart money closes the long position the trend will turn. But, with decreasing volume, it can go forever. Without a volume surge there will not be a climax.rhight wrote:This particular minor up trend (since 10/4) appears to running low on ammo. Notice that the "smart" money bought on 10/4. No reversal pattern to trade against yet, though.
cool. thanks for the in depth explanationDow Trader wrote:
it is a weekly close above the cloude with higher high, which is too early, with that been said, you have to have much oxygen in the store so that market makers can't over power your strategy... It is long term postion ( I have been around in 2000 decline and 08 crash so this is not something new even if 1074 is the bottom, still it is a good deal for me in my long term account ). And if 1074 was not the bottom, then they have to shake the weak hands first before any decline as you know.
but the day trade account and swing account, the strategy not same for sure.
LOL me too, old school and old wind upedwindes wrote:even a broken wrist watch is right twice a day (old style not digital, i'm oldAl_Dente wrote:unreal, thanksjarbo456 wrote:paging al_dente...
There’s no perfect real time muni yield tracker. MMD, which is the AAA benchmark muni scale, is published once a day. It consists of literally some dude at Thomson Reuters that calls up six broker dealers and asks them what their bid ask is on a basked of natural AAA names. That’s it. MMD stays flat during one week of august when this “Dude” goes on vacation. Really.
For intraday color, the muni market uses random “reads” put out there by different B/D, but these aren’t “official”. So what yer left with for “real time” is muni mutual funds, like an MHN, MUB, NVG, etc etc etc. Generally, over the long term, I think those funds are decent at tracking, but not in the short (intra day). There are plenty of days when MHN is up and the muni market is down, vice/versa… Some would venture to say the MCDX is trying to play this role, but I simply laugh. If yer interested in short term rates, SIFMA will help, but that won’t help you on the long end…..welcome to munis…
meredith whitney BLA BLA BLA
Some people are anticipatory traders, others are reactionary, nothing wrong with that.BullBear52x wrote:Today, only two spelling out BUY/SELL number unlike yesterday. come on guys it's OK to be wrong or you can have full bragging right if you are right. people don't buy after the fact talk. lets roll out the number.
I am in TMV and that's it. I haven't seen any movement today that is tradeable from my perspective. But I'm waiting . . .waverider wrote:Some people are anticipatory traders, others are reactionary, nothing wrong with that.BullBear52x wrote:Today, only two spelling out BUY/SELL number unlike yesterday. come on guys it's OK to be wrong or you can have full bragging right if you are right. people don't buy after the fact talk. lets roll out the number.