01/21/2015 Live Update

[L_T]

New entrants in dark pools:
Fidelity, Bank of New York Mellon, BlackRock (BLK), Capital Group, Invesco (IVZ), JPMorgan Asset Management, MFS Investment Management, State Street Global Advisors and T. Rowe Price.

“The platform will also disclose the names of all the firms that are trading, and initially at least will not allow any broker-dealers.”
[what? fidelity, JPM are not broker dealers?]

“The utlimate beneficiary of what we’re doing would be the end customer, the shareholder of the fund…We’re trying to have the costs be as low as we possibly can.”
[what? OY]

“Fidelity .... said the venue would improve transparency and liquidity...”
Same bs from JPM “…we think is an innovative way to source block liquidity that will result in lower transaction costs for our clients.”

http://www.bloomberg.com/news/2015-01-2 ... rades.html

What I'm sure they are totally trustworthy just look at their track record...
...
...

[Trades with cats]

It is days like today and probably tomorrow where news over-rides normal technical signals that lead me to Epsilon Theory and his attempts to incorporate modern game theory into technical trading. Not that I understand it, in fact all I have been able to do is post warning notes on my calender for regular news releases. This ECB thing requires the common knowledge game. So far I still smell a rat, as the ECB does not leak information about major policy moves without a reason. The market seems to agree as the TF (Russel) is working hard at erasing the gains from the leak.

[fehro]

slipping.. SPX VIX resistance.. break red on SPX.. could get nasty

[Unique]

BHP Is Closing Nearly Half Its US Shale Rigs.
Wednesday morning in Australia, Australian mining giant BHP said it would shut down 40% of its US shale oil rigs by the end of its fiscal year
BHI = 9k layoffs
HAL = 7k

Perfect. A few more weeks/months at current low prices, then the smaller firms get all liquidated or sold and the second round of fun begins.

"The pleasure derived from the misfortune of others" Schadenfreude. You obviously do not have any family employed in this industry. Just enjoying the misfortune of those with out a job now.

Also, every trader wants to be on the winning side and there's a loser on the other end. Is the slippery slope gonna be everyone is schadenfreude or only when you acknowledge the misfortunate? You snooze you lose

Difference here is, employees laid off will not be able to feed their families and you are a money collector.

Do no gloat about the misfortune of others, it is not becoming of a citizen of the world.

Fair enough. Gloating becomes obnoxious after a while.

[Trades with cats]

Any news or other explanation for the Russel crashing just now?

[Al_Dente]

What I'm sure they are totally trustworthy just look at their track record...
...
...

[seemore]

It is days like today and probably tomorrow where news over-rides normal technical signals that lead me to Epsilon Theory and his attempts to incorporate modern game theory into technical trading. Not that I understand it, in fact all I have been able to do is post warning notes on my calender for regular news releases. This ECB thing requires the common knowledge game. So far I still smell a rat, as the ECB does not leak information about major policy moves without a reason. The market seems to agree as the TF (Russel) is working hard at erasing the gains from the leak.

My first guess at a reason is to convince the outlier votes that more harm will come from failing to go with what was leaked. i.e. If they don't at least do $50B euros/month in QE, the euro will go up substantially, and harm the entire eurozone with deflation.

I think the current short term downtrend in SPY & USD/JPY, etc. is just normal secondguessing a leak.

.....any other guesses?

[Unique]

Any news or other explanation for the Russel crashing just now?

Daily 20EMA russell rejection that is aligned with daily trend and 1HR 200SMA resistance rejection. Typical intraday movement, not a crash. Also, it's an inside day, pretty boring and slow

[fehro]

Any news or other explanation for the Russel crashing just now?

wouldn't say crashing… yet.. has potential tho… watch the 200d SMA

[cletus]

The 50 day average of the ISEE call to put ratio is about to make a new 6 year low. Market participants have given up on call buying on the belief markets will never rise again.

[finman66]

Does anyone know what time tomorrow the ECB is supposed to announce their decision ??

[fehro]

Does anyone know what time tomorrow the ECB is supposed to announce their decision ??

1 hour before US markets open… http://www.investing.com/economic-calendar/

[Cobra]

members only update at 1:54 pm
http://www.cobrasmarketview.com/2015/01 ... ay-update/

[Trades with cats]

Thank-you both. I only use momentum indicators. They showed a stronger reaction than the lift off this morning. Always new things to learn. After being on this forum for over three years what I look at has totally changed as I have learned so much from everyone. As Del says not using someone else s exact method, but picking up bits and pieces and incorporating them into my simple system.

[MrMiyagi]

No strength today. Bammy said nothing important, all ears waiting on ECB.

[Out of Bounds]

Russell at new LOD

[Out of Bounds]

Overall breadth is negative

[fehro]

careful things could get very ugly….

[Eddie]

Old Wall Street generalization is that retail trades the morning and institutions trade the afternoon. If that is true, it sure seems like distribution these last few weeks. Be it descending triangle or broader downward sloping channel, it seems the rallies are getting sold. There isn't a technical breakdown among the indexes that would suggest a larger correction is forthcoming, but just when you think the market wants to bust out of the doldrums, it stalls.

[Out of Bounds]

Saw this