aedens wrote:checking es spillover h --- i.e ES emini and SPY ETF
Not having been on the inside, it's impossible for me to know why. It's possible to keep track of what though. Like I know at night, Europe keys off the Euro more than the dollar. Any discrepancy may be adjusted for around 8 am when New York arrives and evaluates. If the New Yorkers are still on the trains on the way into the office, I may be able to scalp a point out, taking myriad other factors into account. This is an extremely complicated game.
The reason I pointed all that out to my friend was he was saying they will not stop until they take every short out. I said due to the law of diminishing returns, they can't. Eventuallly, if there are no shorts left to feed on and/or the ones who are left become wise to the game and can hold back the tide, then the asset inflation has to be paid by Main Street and it becomes too expensive to squeeze the rest of the shorts out.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
aedens wrote:The asylum wants 1620 for the sheep and out at ~1590, the print on jobs report was smoke to cool it down some.
When the labor picture is viewed in totality, I think the jobs report was about as expected. What I didn't expect was the rally back over 1544 at day end Friday, and I think that was manipulation to shake loose some remaining shorts and turn the market back in a positive direction, having induced them to sell when the 1544 floor broke after the release. I'm very suspicious that was the case, as there were over 4000 sell orders at 1544 alone on Friday afternoon.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
The question tonight therefore is who wants to buy 1544 with the market now 1 point over it. There are 683 orders there and 862 at 1543.50. To me, that looks a little light. It seems that the selling there was abnormally heavy Friday afternoon and the buying there tonight while not abnormally light is light in comparison to the selling at that level. Night and day volumes aren't comparable but the number of resting orders at night where price hasn't been hit is a good indication.
The Euro has recovered a bit and now the usual rally into the European open will begin to materialize or not. In past days I have been covering on this dip like we just had and selling into the European open. I'm betting that one day soon that rally does not materialize and New York opens gap down and doesn't come back.
As far as the money flow some of the indicators I posted a few weeks ago have confirmed stress in the credit markets and the spreads are rising.
Last edited by Higgenbotham on Mon Apr 08, 2013 3:03 am, edited 1 time in total.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
A union of the words apathy and sarcasm. As they express apathy with contempt that is not discernable by others as real or facetious.
Sarcapathics defined as to get past the obvious news and improved business cycles they ignore with lateral transfer and insult others
to lift there barren lives. Can be noted as working for Rubles, Dollars , or Euros.
David Stockman is turning into a very articulate spokesman for the
coming financial doomsday. I saw him yesterday walk all over Krugman,
and I saw him this morning on Bloomberg tv walk all over another
economist. Stockman is changing a lot of minds.
Higgie, you say that you're reading palms and tea leaves and all sorts
of things to make trading decisions, so you might wish to David
Stockman to your list.
Here's another indicator -- a bunch of analyst articles over the
weekend saying that we're at the end of some era.
John wrote:David Stockman is turning into a very articulate spokesman for the
coming financial doomsday. I saw him yesterday walk all over Krugman,
and I saw him this morning on Bloomberg tv walk all over another
economist. Stockman is changing a lot of minds.
Higgie, you say that you're reading palms and tea leaves and all sorts
of things to make trading decisions, so you might wish to David
Stockman to your list.
Here's another indicator -- a bunch of analyst articles over the
weekend saying that we're at the end of some era.
But this research article on the effect of sunspots by the Boston Fed takes the proverbial biscuit. The conclusion, which is perhaps useful for the propagandists-in-chief, is that during sunspot activity, people act less rationally.