possible that first leg was A yesterday B and now we are in c down...we will see
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Don't get too complacent Bears... Scalpers unite!!
Bot SPY Calls @ 1.3 looking to exit between 9-10 pst am will update to see if we have a fractal from 2/28 area
Last edited by toddymc on Wed Mar 27, 2013 10:03 am, edited 2 times in total.
possible that first leg was A yesterday B and now we are in c down...we will see
Possibly...but tomorrow I have another turn date, so if we get another lower high...
OK today's is playing out very well! yep yep but lower low first would be sweeter
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Stocks outperformed bonds by about 10+% this quarter, so managed portfolios that are under contract to maintain a fixed percentage in stocks/bonds, must (it is not optional) sell stocks and buy bonds …. through Monday.
“UBS expects US defined benefit funds to do sizable Q1 quarter-end rebalancing - anticipating $29-35 billion of equity outflows and perhaps as much as $15-19 billion of fixed income inflows. “
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Net long. Carrying longs and shorts.
I put on some shorts at yesterday's close.
My composite trend signal is up.
My summation index signal is neutral. It will go to a sell for the R2K if Monday's low is broken (by a margin or on a closing basis). Other indexes unclear.
Nothing to say today really.
The trading range continues. Sell the highs and buy the lows.
Eventually that will stop. Probably any day now.
Until I get a signal change, I'll try and work hedges on the swings.
The SPX flirted again with all time highs yesterday.
I am not sure the bulls are ready to quit so close to the mountain top, but they may have to rest and wait until April to summit.
Al_Dente wrote:End of quarter portfolio rebalancing
Stocks outperformed bonds by about 10+% this quarter, so managed portfolios that are under contract to maintain a fixed percentage in stocks/bonds, must (it is not optional) sell stocks and buy bonds …. through Monday.
“UBS expects US defined benefit funds to do sizable Q1 quarter-end rebalancing - anticipating $29-35 billion of equity outflows and perhaps as much as $15-19 billion of fixed income inflows. “
Would be interesting to see statistics of how stocks and bonds perform in the last few trading days during extreme quarters (big up and down)
Al_Dente wrote:End of quarter portfolio rebalancing
Stocks outperformed bonds by about 10+% this quarter, so managed portfolios that are under contract to maintain a fixed percentage in stocks/bonds, must (it is not optional) sell stocks and buy bonds …. through Monday.
“UBS expects US defined benefit funds to do sizable Q1 quarter-end rebalancing - anticipating $29-35 billion of equity outflows and perhaps as much as $15-19 billion of fixed income inflows. “
Nicest tidbit find I have seen in a long time. You get "Indiana Jones Award". Watch for Nazis though.
Al_Dente wrote:End of quarter portfolio rebalancing
Stocks outperformed bonds by about 10+% this quarter, so managed portfolios that are under contract to maintain a fixed percentage in stocks/bonds, must (it is not optional) sell stocks and buy bonds …. through Monday.
“UBS expects US defined benefit funds to do sizable Q1 quarter-end rebalancing - anticipating $29-35 billion of equity outflows and perhaps as much as $15-19 billion of fixed income inflows. “
Nicest tidbit find I have seen in a long time. You get "Indiana Jones Award". Watch for Nazis though.
“I made a lot of special modifications”
[Han Solo]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Strategic SLV trade stopped out, this AM, with "any reasonable stop". Price ran down to clean out all the stops and then reversed and is currently headed for a gap fill if not done already. People enjoy doing this to other people.
Global banks
Simple overlay
I keep opening this chart up as EuroBanks decline; this is extended to the past 7 months, also added BBVA (blue)
This chart implies that Spain is next
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.