"June 15 (Bloomberg) -- The Federal Reserve Bank of New York, which carried out central-bank rescues of money markets and Wall Street firms, is poised to have its powers expanded even more -- at the risk of reduced independence.Senate and House negotiators are meeting today to begin hammering out a financial-regulation bill that puts the New York Fed at the forefront of the central bank’s new role as overseer for financial stability. The Senate also wants its chief, now nominated by the bank’s board, to be a White House appointee."Ok, so, the white house will now have a much more power. In fact, the money printing would now become presidential "thing" as the guy/girl sitting at the "printer" will be presidents person.Great, what we need is to do away with FED not make it more of a political hack, but when was it last time the RIGHT THING was implemented by the legislators(:- ?GOod Trading ALl
Dear Boris,Good morning.Nice to be back.I see that, as usual, you have kept things well in order:)!Thanks and good trading.Bert
Emini 338at Market Report
Dear Bert,Welcome BackI hope you enjoyed the tripGreetings to all your companyGood Trading My Very Dear FriendI just try( Order I mean(:- )
BorisI am assuming that GS will still have veto rights over the person nominated as head of the NY Fed ? old john
min dataAtMarket Rreport
sold 08.50 stop 09.25
Yes, Dear JohnNobody can do GOD's workExcept GS(:-
asset play , short play
stop moves down 08.75
asst protected at breakeven 1109.50short liquidated 1106 +3.5
Plan:sell short 1108 stop 1109.50just a short term trade 1112 go long( hard to place stops) for this one, cannot help. need to be a good trader
sorry, my sales were 1108.50not 1109.50simply in a hurry looking at wrong numbersall the rest is correctmy asset stop 1108.50
Forget the new short recokeep asset short at 1108.50with the same stop
Assets now stopped 1107.75
My spy trades early after openconfused my es numbersAll numbers are quated in ESminso the sale is 1108.50 not 1109.50
stop drops 1107.5 +1
buy assets 1104.50resell 1102
will not sell at 1102will watch
+4 on this mornings tradeI have no orders working of any kind
why did I sell this morningSee Chart/UpdateMarket Report
time for the updateaboveexpiredforget it
Good Morning Dear Boris ....I noticed that you seized my job as 'infotainment director' :-)
Morning, Boris.A little confused about your post about .....days of hell. Though WBR/YBR supports a move here, the time frame is not ...days. Could you elaborate, and thanks.Jiffy
Bears killings this morning. Smarter bears are waiting to pounce but have to let the bulls gorge themselves first... That 200 DMA regaining is pulling in a lot of bulls.
I am 3 es pts away from switching to longs for the Intermediate Term. I still believe in the power of YBR but I think the deviations from the general outlines are getting more extreme. Very bearish long term as the overshoot and undershoot can wipe out both bulls and bears alike. That 1087 buy line for bulls indeed have been a very successfully defended line.
emini 340on the Market Report
Dear Jiffy,If you read carefullythe forecast contains both bullish and bearish casesPlease pay attention what the condition is for that.If condition was not clear, I will restate.Please see updated comment soon.Good Tradng Dear Jiffy
Dear XerxesGood MorningVery Deare Friend
Dear JiffyI hope you understand nowthe case for bulls and bearsPlease emails meat Bchikvash@aol.com with your phoneif you are having trouble(still)
got it, boris. thanks for clarifying!
5 min dataMaret Report
watch this levelplease,You know what this is
BorisGreat call-- enough saidold john
Dear JiffyWelcomeDear Very Dear Friend
i hope all subscribers are getting my emailsGood Trading All
I still believe in YBR's prediction. I never hit my long signal so I will continue to stay on the short sign. Also on the hourly, there is a bearish divergence that is very noticeable and must be resolve soon. It took about 4 trading sessions to resolve the bullish divergence last time so I would expect something similar to start soon. I think the drop will be extremely dramatic and breathtaking.
Dear Michael,Thanks for yourAnalysis.Good Trading Very Dear Friend
Good Morning Dear Boris ....B-berg says the IMF has arrived in Madrid ...
Dear XerxesGood MOnringYes, So I hear(:-Good Trading very Dear Friend
emini 341at Market Report
UpdateIntra chartMarket Report
Strategy For Weekend and next weekMarketReport
Make yourself necessary to someone...................................................................
Hi Boris,Wishing you a Happy Fathers Day!& Good Trading as wellCheers,
Boris,Too much information can be bad for you at time. Interestingly, I had bought some nice stuff at the 1040 lows but sold them all along with going shorts when I thought the cycles have switch. In reality, I think a session or two before, Shanghai have started to trend up while US was still gyrating. On top of that, the leaked good news along with all the bearishness in the blog should have warn us all that the cycles were not switching but will probably amplify. This is disappointing as now we must find more risky entries to the long side as the chances of bears/bulls shakeout increases. Even gold and oil are hard to buy at this level although it is probably the correct play. I think it is best sometime to just tune out everything and just let the charts speak to you.
Dear, Hopper,thanks Very Dear Friend
Dear Michael,For those who wanted we hadadvice to bu options on both sides and profit from straddles.So,I do not see the bearish or bullish( nobody knows the markets) except in the back look.SO, We lost nothing, in the short term and gained if followed right strategy and as asset allocators we do not really care to increase our exposure too much.So, Yes, agree, what we think can get us, and sometimes does, but we are humans and cannot help but think.Charts talk, but a bit of an ambivalent language and we did go long ( covered shorts) much lower.But yes, we were biased lower last couple days and did not MAKE new money ( but still devised a a play that could).SO, all in all. I wish we could be right at every turn, but do not have to to make money and nobody has as many SPX pts last 8 months than we did.We must be doing something right.ENJOYDeaer Michael
Greatness of any traderadvisor is not that he can get very turn of the market right. Never happened and never will.But greatness of any trader/advisor is that he1) do not lose money2) Make money ( or not lose it) even when his biases are wrong.The bullish and bearish are not the entries in anybody's account(:-Only number of pts, made or lost.
By the way,Interesting story ( from real life), actually statistics, comes from great one.Michael Jordan, was the best at what he did.But, he apparently was one of the most UN PRECISE great shooters in the NBA history!!!how is that?How is he great one at only 44% or so precision?Because, in basketball they do not count points one missed(:-They only count the points one made(:-Trading is EXACTLY the sameNobody counts how many points one did not makeOnly count that ever matters is how many pts one has madeAmazing is not it.So, if we are in this game we may as well, internalize how the success/failure is measured in this game of trading.Same way is in basketball ,by number hoops that have gone in!
About ChineseCurrency moves.Apparently, China is Un Pegging the Renminbi from Dollar.OK, great news for whom?I shell think some of our former investments should do pretty well.What is that? Ok, those are the currencies( we have often mentioned in our update). those are the ones that are not CHF.Ok, so what about them.Well, it would appear, that if Chinese currencies will move up, those will move up in sympathy!(:- or solidarity or whatever ...Yes, consider those two rising more if Yuan will.Good Trading
Looks likewe will visitat least the top of the area
http://www.martinarmstrong.org/files/Can-the-Euro-Survive-a-Sovereign-Debt-Crisis-6-14-10.pdfinteresting timing considerations for those with a longer YBR subscriptions...enough said.....
Dear Jiffythanks a lotfor informative articleGood Trading Very Dear Friend
5 min dataAtMarketReport
new post please
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