Financial topics

[Higgenbotham]

Thanks John, the algos never make those mistakes.

[Higgenbotham]

Market is last at 2725. This is a very tough game. I think this shows a typical example of what it's like to battle the futures markets at night. With the algos it gets more difficult to find turns. You have to be lightning fast to not get caught and there's typically not a lot to get out of it safely. That last trade netted me $75 but it could have cost $300. Not much room for error.

Knowing the last price is 2725 you can visualize that there was no give in the market to take much of a piece on the long side. I'll post a chart showing it.

[Higgenbotham]

US regulator fines European banks for ‘spoofing’

Deutsche Bank, HSBC and UBS to pay over $40m between them for futures market abuse

Barney Jopson in Washington, Gregory Meyer in New York and Martin Arnold in London JANUARY 29, 2018

Three European banks have been fined a total of over $40m to settle US charges of “spoofing” futures markets, extending the efforts of regulators to crack down on the illegal trading practice.

The Commodity Futures Trading Commission announced the settlements on Monday, with Deutsche Bank required to pay a $30m civil penalty and fines of $15m for UBS and $1.6m for HSBC.

At the same time the Department of Justice charged eight individuals in connection with their alleged roles in spoofing, saying it was “the largest futures market criminal enforcement action in department history”.

Five of the people charged were arrested on Monday, a justice department official said.

Spoofing involves placing bogus orders to create the illusion of substantial supply or demand, which moves prices. Computers then cancel the orders before they can be executed, allowing the spoofer to exploit the manipulation for their own gain.

Although the practice has long been barred by exchanges, fines were historically small. But authorities worried the move to an electronic market had encouraged the behaviour, and it became illegal as part of the 2010 Dodd Frank Act.

James McDonald, CFTC enforcement director, condemned spoofing as a “particularly pernicious example of bad actors seeking to manipulate the market through the abuse of technology” and said the agency was committed to punishing wrongdoers.

https://www.ft.com/content/d361a25a-050 ... 0ad2d7c5b5

[aeden]

https://www.zerohedge.com/sites/default ... k=3Kti9siO

As noted by another H
They consider this turbulence not an air pocket until it is. I am not fighting the tape as are you also.
As we know this noise will progress and will forward the notes again in a few.

tick tock --- $4.9 trillion debt bomb now meets rising interest rates which is higher now as we speak.

The dumb kid will sell the half of the half on the anticipated melt up, as it melts down in nominal terms.

Even from the end of the year the Bond vigilantes are now fugitives as it was warned.

[aeden]

tight window good luck h

https://www.youtube.com/watch?v=cOeKidp-iWo

[Higgenbotham]

tight window good luck h

I took $500 from the algos this session.

[aeden]

difference between nominal and real values is that real values are adjusted for inflation, while nominal values are not

as you contend it will gap open

https://www.zerohedge.com/news/2018-02- ... -vol-jumps And for now that is true, but

grats on the gray matter

I increased the short position for the gap which may/not develop this week.

The trended day mean was off .01% on my increased short position. That means I ended up .22$ plus per share short.

This translates as a hold/short bias protection position.

As we seen the bid notes held the line which rather surprised me from the october notes which was a saddle sore they contended
as the short 2 year and and 5 year Tbills was a concern then in amount.

Regards

[Higgenbotham]

It looks like the market is threatening an attempt on 2686, where it sat for several days waiting for the tax bill. I won't be shorting here. I may trade small very selectively. But my attitude, like last night, is that I don't want to.

Scalped another $50 into the close.

[aeden]

$491.87

I won't be shorting here, I will hold the thought map as before when we I ended up 99.86 protected.
I have three other orders to sort out the first as profit from selling the half of the half as noted above.

[Higgenbotham]

If it hits the 2686 area and does a weak bounce to form a head and shoulders that might be time to start thinking about loading up short.

Though, for my style, I'd rather get back in if they lose control of the markets.