09/14/2012 Live Update

[nicha]

I think AAPL announces how many phones they sold over the weekend sometime next week. On the other hand the $700 mark is going to be difficult to break, no?

I have an order in for next week 680/685 call spread for $3. We'll see where it goes.

Anyone think a dip in AAPL may be coming?
Considering buying back December 570 naked put and re-writing during/after dip.

[Xian]

I think AAPL announces how many phones they sold over the weekend sometime next week. On the other hand the $700 mark is going to be difficult to break, no?

I have an order in for next week 680/685 call spread for $3. We'll see where it goes.

Anyone think a dip in AAPL may be coming?
Considering buying back December 570 naked put and re-writing during/after dip.

The OI on the Sept 700s is pretty monstrous.

[MrMiyagi]

I think AAPL announces how many phones they sold over the weekend sometime next week. On the other hand the $700 mark is going to be difficult to break, no?

I'm thinking the same about 700$ and from what I see there already is plenty of news about all the iPhone 5 they have sold.

[Cobra]

looks promising, now resistance. wait.

[TraderGirl]

Im glad i didn't get my head ripped off with TMF...waiting to see if we get a bottoming pattern soon....

Edit: for a bounce....not long term...

[Me XMan]

Buy at $147.35 ? Looking like ascending triangle.

looks promising, now resistance. wait.

[KENA]

You like me now?

NO..That guy would not even make the 8K run.

[KeiZai]

Okay I have no guts to short indexes but dollar deserves one last chance...converting my euros back to dollars

[MrMiyagi]

Anyhoo... closed out the AAPL put position sold 8.40$ bought back 5.60$ so I'm happy.

If it drops, I may re-write the same strike if not I'll write a higher strike.

[TraderJoe]

Anyhoo... closed out the AAPL put position sold 8.40$ bought back 5.60$ so I'm happy.

If it drops, I may re-write the same strike if not I'll write a higher strike.

I'd be happy with 50% any day..

[dr659]

I`m out, Sold the (4600) SDS I bought this morn 13.05 Now we can go down, Always early

[BullBear52x]

Okey I have no guts to short indexes but dollar deserves one last chance...converting my euros back to dollars

Now I like what I hear.

Edited:

[Me XMan]

This QE3 is different from QE1 QE2...it's INFINITY AND BEYOND!

Okey I have no guts to short indexes but dollar deserves one last chance...converting my euros back to dollars

[TraderGirl]

/DX in bounce zone....looks like a bear wedge though....

[MrMiyagi]

POWER HOUR around the corner... how will this week finish, with a rally to the end?

Place your bets kids...

[TradingJackal]

I do not understand why TLT is falling after Uncle Ben said he would buy $40 billion of bonds a month to force interest rates down. Why are rates rising and TLT falling? Any thoughts?
Thank you.

He is buying MBS not treasuries. He wants to clean up the banks.

jackal
Do u have a decent stockcharts symbol for watching a benchmark MBS portfolio?
Thanks

I have never played with MBS (Haven't bought any shares in 2 years now). Forbes recommends this - http://finapps.forbes.com/finapps/jsp/f ... sp?tkr=MBB
However, I do not know the impact of Fed purchasing the MBS. Hopefully, it is positive for securities such as above where they will pawn off paper doing badly to the sugar daddy for a piece of the pristine clean USD pie at 1:1

I would just buy XLF/FAS in long term investments. The real winners from this trillion dollar largess are Citibank and BAC. I love BAC as of yesterday. Basically, I love every bank that is caught in the sludge of MBS. The deeper they are in it, the more I love them.

If someone comes across an article or information on which banks are neck deep in non-performing (important) MBS paper, I beseech you to share that information. This is one of those once in a lifetime opportunities and I promise you, there is a lot to go around so please share.

PS: I don't necessarily love MBB type funds yet. This may change down the road when we understand how the market is responding.

[ClarkW]

Renko swing, long since 9/6, is teetering
Needs to hold and bounce for bulls

914renko.png

Would you mind sharing your specifics on this chart Dr. Al?

it’s from benandlloyd (but tweaked)
top panel is STO 20,1 with an ROC 5 shadow behind it
renko is 0.12 (twelve cent boxes, bricks)
bottom panel is exactly as described at the right side of the chart
[caveat: I change/tweak these sometimes]

THANKS AL! One last question, what moving averages do you use? Last question I promise!

[Petsamo]

I can't believe X went negative

[Al_Dente]

Ok fine I’m using fannie FNMA for mbs until someone can link me to a decent Bloomberg mbs quote
hmmmm why is fannie moving in the same direction as short bonds tbt and bond yields tnx??
I thought FNMA was price not yield???
I don’t suppose anyone on this shite board cares?
[jackal just saw yours will read it in a min thanks]

[Me XMan]

OK. My buy-stop just kicked in $147.35
Them bulls better not disappointed me.