07/02/2012 Live Update

[TraderGirl]

Something is up with treasuries...TMF (or TLT)....

Thought we could have seen the highs in TMF, but forming a triangle, waiting to see where it breaks out...could we be in a wave 4 headed up to 5?

[KeiZai]

Hi guys I found two good stocks with daily squeeze

Goldman (in rectangle)

And apple btw apple with squeeze first time since 2010 (fired at the time of writing)

[SWalsh]

SPX 1500 here we come!!

Did that revelation of what the mkt really is now make everyone sulk today?

I am 2/3rd through the book now and I can't look at the price as a value of anything now that I know what is going on. Overvalued? Undervalued? 1500? 500? None of it matters. The bots want it higher so people play. They caused the bull mkt in commodities. The SEC refusing to mandate a degree of time the bid-offer remains in must have lined some powerful pockets.

EDIT: Here's a very small window of how the endless loop of selling begins because they don't know for sure that their code will not suddenly trade, and it might act before one of your buttons gets hit:

http://www.businessinsider.com/a-trader ... ker-2012-6

[Al_Dente]

not sure how far this thing can go, with bonds diverging so much, again
folks need to sell more bonds to buy stock
right now it’s all squeezing the shorts

[Cobra]

support.

[TraderGirl]

Conversely, I thought we needed to see a lower low in FXE...??

Did it truncate? or have do we need to see another leg down...??

[BlackThought]

SPX to the moon!!

[snakehead]

Something is up with treasuries...TMF (or TLT)....

Thought we could have seen the highs in TMF, but forming a triangle, waiting to see where it breaks out...could we be in a wave 4 headed up to 5?

You might just be onto something there, TG.

I have been watching TLT for some days now. If it is indeed forming a pennant (on many different time scales now),
then something major is about to happen.

[pezhead9000]

Today's top Block sell on strength: SHY (1-3yr treas)
MF: $-175.42
B: $0.00
S: $175.42
B/S: 0.00

http://online.wsj.com/mdc/public/page/2 ... stcalendar

[KeiZai]

Any volunteer who will make poll? I think lot of bullishness is flying around good time to make a poll TIA

[Petsamo]

SPX to the moon!!

It needs to get green first

[BlackThought]

SPX to the moon!!

It needs to get green first

like cobra said, a red monday = good news for bulls

[stucap]

Something is up with treasuries...TMF (or TLT)....

Thought we could have seen the highs in TMF, but forming a triangle, waiting to see where it breaks out...could we be in a wave 4 headed up to 5?

You might just be onto something there, TG.

I have been watching TLT for some days now. If it is indeed forming a pennant (on many different time scales now),
then something major is about to happen.

Yields can't rise. Government will keep them low until 2014 as stated. Operation Twist will keep the long end down so we can all refinance our mortgages if the banks will let us. So equity will decouple at some point.

[Al_Dente]

Today's top Block sell on strength: SHY (1-3yr treas)...[/url]

great info on SHY
thanks pez

[Petsamo]

I see an H&S or double top on SPY 1 min

[stucap]

I see an H&S or double top on SPY 1 min

i see bullish consolidation under the 100 day moving average (simple) and light volume. bears have zero chances.

[tigerwang9999]

want to buy UVXY and TZA if we are in green today.. any comments? Thanks

[Mr. T]

SPX to the moon!!

It needs to get green first

Not if it just gaps up off the charts and lands on the moon.

From what i understand, after the moon is Mars......... we may disband NASA and outsource space exploration to Ben.

[SWalsh]

Has anyone read and thought of that weekend post about how the computers are now trading and changed the market?

I'm not going to waste 2 hours putting a post together with more of this if sticking heads in the sand is what people here wish to do.

Here's another sliver. The Rise of the Machine (the trading platforms) created the Dot-Com bubble. They push mkts up to drive funds to trade them. Then it broke due to absurd prices and some fundamentals being realized.

Sound familiar? Anyone?....Anyone?...Buehler?

They decided to take down the old boys of Wall Street with their machines. Wall Street was ultimately smarter. They offered them far more money that they thought they'd see and took control of the entire place.

Yes read that and some others and a couple of good ones. Thanks

I'm 7 hours into the 11 hour read and this is eye opening. Very few systems day trades for profits to speak of. There is a "maker-taker" commission structure. They are all making markets and trying to get the other guy to be the taker so they get paid a commission and he pays one. Taker pays more than maker gets paid and that's why the exchanges love this. But it is no longer a market in the sense of what a market is. Crush grandma's pension fund? Why? "BECAUSE IT WAS WRECKABLE". This is really what men and women fight and die for now? It is literally a casino of 70% - 80%+ of volume on any given day with machines try to be the dealer on each trade, and speed is EVERYTHING. I believe the time stated was 6 nano-seconds.

It might have been that SEC regulation on the routing of orders that allowed this "trickery", but I'll know when I finish by tomorrow afternoon.

I'm beginning to think those massive, single pings that stand alone are seen because there is no more activity at a given price level, so the mkt must be moved.

[KeiZai]

Could be triangle in russell