07/08/2016 Live Update

[fehro]

Is this like a casino? People, and institutions, have money to play. Roll the dice. It does not seem value based. Whatever. Just follow the charts.

or money is leaving the EURO in droves.. buy anything and everything US

[mkdundee]

78alert.png.png

[Cobra]

consolidation, bias is up.

[Trades with cats]

Yen going straight up headed for 100 to 1 on dollar next week. Kuroda San is in big big trouble.

[QED]

Short TSLA, SBUX, GLD and VXX … long everything else.

[Al_Dente]

Today is one of those rare and wonderful days when Small Caps momentum stayed in the green pocket all day.
It won’t stay there forever
1min

[Trades with cats]

Talk about beating an idea to death. We are all very aware that the shale boys are drilling with all that new equity and debt they added in the first half. So here comes Morgan Stanley to let you know how stupid the industry is and really how misleading actual count can be on oil rigs

"Morgan Stanley commodity strategist Adam Longson, who led the team that researched the situation, said that this reversal carries a downside risk for oil prices. According to Longson’s team, “The rig count in the highest initial production counties of the Permian Midland continues to march higher and is not far from its 2015 peak.” That’s impressive on its own, but the other thing that’s new is where all these new rigs are concentrated: in high-yield fields. This means that the ramp-up could be pretty significant."

Just a reminder, this is in old oil country so lots of pipelines and infrastructure. No expensive choo-choo trains to get it to market, no waiting for the pipes to tie in to the grid. Gary Shilling said over a year ago the bottom will not come until prices fall below lifting and processing costs, which the last thing I saw are supposed to be around $20 but could be lower in Texas.

[Wallstreetrader]

...

[MrMiyagi]

Intraday NYMO up to +49.02.

[Trades with cats]

I have ADX dropping like a rock for the second time today in the ES while it is finally showing some signs of life in the small caps.

[fehro]

SPX creeping higher.. VIX not falling apart yet… OEW next week with VIX the following week this month.

All time highs.. just 9 points higher.

[JFR]

Is this like a casino? People, and institutions, have money to play. Roll the dice. It does not seem value based. Whatever. Just follow the charts.

or money is leaving the EURO in droves.. buy anything and everything US

True that. And yet it does seem like a casino. Times are crazy. Yee haw. Play. Is it more a case of the investment world will carry on regardless, or is it more like roll the dice, play while you still can?

Re Brexit. The LEAVE politicians, and Cameron who called the referendum, but wanted to REMAIN, gambled with the future of their country. Now those politicians are deserting the ship, quitting. So it seems to me. And now money is leaving. It seems to me that this mostly hurts the UK, not so much the rest of the world.

[QED]

I have ADX dropping like a rock for the second time today in the ES while it is finally showing some signs of life in the small caps.

What time frame are you looking at? Thanks!

[fehro]

Is this like a casino? People, and institutions, have money to play. Roll the dice. It does not seem value based. Whatever. Just follow the charts.

or money is leaving the EURO in droves.. buy anything and everything US

True that. And yet it does seem like a casino. Times are crazy. Yee haw. Play. Is it more a case of the investment world will carry on regardless, or is it more like free fall?

Re Brexit. The LEAVE politicians, and Cameron who called the referendum, but wanted to REMAIN, gambled with the future of their country. Now those politicians are deserting the ship, quitting. So it seems to me. And now money is leaving. It seems to me that this mostly hurts the UK, not so much the rest of the world.

and I disagree.. once the "selling" cools down, and long as there's a strong UK leader to invoke article 50.. or whatever number it is.. then watch the GBP sterling explode up.. and the Euro will crumble, it's not whether but a matter of time when the next country leaves. Long term the UK will be better off. imho. IF DB doesn't take down the world first.

[QED]

$SPY worth noting
https://twitter.com/MindMakesMatter/sta ... 6004134912

[JFR]

Is this like a casino? People, and institutions, have money to play. Roll the dice. It does not seem value based. Whatever. Just follow the charts.

or money is leaving the EURO in droves.. buy anything and everything US

True that. And yet it does seem like a casino. Times are crazy. Yee haw. Play. Is it more a case of the investment world will carry on regardless, or is it more like free fall?

Re Brexit. The LEAVE politicians, and Cameron who called the referendum, but wanted to REMAIN, gambled with the future of their country. Now those politicians are deserting the ship, quitting. So it seems to me. And now money is leaving. It seems to me that this mostly hurts the UK, not so much the rest of the world.

and I disagree.. once the "selling" cools down, and long as there's a strong UK leader to invoke article 50.. or whatever number it is.. then watch the GBP sterling explode up.. and the Euro will crumble, it's not whether but a matter of time when the next country leaves. Long term the UK will be better off. imho. IF DB doesn't take down the world first.

The volatility will subside. Re the UK, it looks like we see that differently. IMO not good for them, for their own benefit, to leave, worse in the long term. If the EU falls apart that is another matter.

[QED]

Friday, July 08, 2016
Reverse Repo
https://apps.newyorkfed.org/markets/aut ... WMORE=TRUE

[JFR]

Moving on up.

[wanteasymoney]

Want 2500 we are all exiting comom let buy it

[Trades with cats]

QED- 2850 Tick ES bars with 11 period holt EMA (compensates for no volume numbers), TF 450 tick using an 8 period average. I only look at ADX when it falls hard into the chop zone. What it looks like to me is the indexes are taking turns 'breaking trail' today. I don't follow the QQQ but I expect they are also playing the same game. I would post a chart but they are too big. If I shrink them down my video driver freezes the program Gotta love tech.