Wednesday, June 16, 2010

Stuck In the Middle, Not For long


67 comments:

boris said...

"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

Wanderer said...

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

boris said...

Emini 338
at
Market Report

boris said...

Dear Bert,
Welcome Back
I hope you enjoyed the trip
Greetings to all your company

Good Trading My Very Dear Friend
I just try( Order I mean(:- )

john said...

Boris

I am assuming that GS will still have veto rights over the person nominated as head of the NY Fed ?

old john

boris said...

min data
At
Market Rreport

boris said...

sold 08.50 stop 09.25

boris said...

Yes, Dear John
Nobody can do GOD's work
Except GS

(:-

boris said...

asset play , short play

boris said...

stop moves down 08.75

boris said...

stop 1108.50

boris said...

asst protected at
breakeven 1109.50

short liquidated 1106 +3.5

boris said...

Plan:
sell short 1108 stop 1109.50
just a short term trade

1112 go long( hard to place stops) for this one, cannot help. need to be a good trader

boris said...

sorry, my sales were 1108.50
not 1109.50

simply in a hurry looking at wrong numbers
all the rest is correct
my asset stop 1108.50

boris said...

Forget the new short reco
keep asset short at 1108.50
with the same stop

boris said...

Assets now stopped
1107.75

boris said...

My spy trades early after open
confused my es numbers

All numbers are quated in ESmin

so the sale is 1108.50 not 1109.50

boris said...

stop drops 1107.5 +1

boris said...

buy assets 1104.50
resell 1102

boris said...

will not sell at 1102
will watch

boris said...

+4
on this mornings trade
I have no orders working of any kind

boris said...

why did I sell this morning
See Chart/Update

Market Report

boris said...

update
At
Market Report

boris said...

time for the update
above
expired
forget it

boris said...

hippity hop!

boris said...

update

Market
Report

xerxes said...

Good Morning Dear Boris ....

I noticed that you seized my job as 'infotainment director' :-)

R said...

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

Mike Truong said...

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.

Mike Truong said...

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.

boris said...

emini 340
on the
Market Report

boris said...

Dear Jiffy,
If you read carefully
the forecast contains both bullish and bearish cases

Please 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

boris said...

Dear Xerxes
Good Morning
Very Deare Friend

boris said...

Dear Jiffy
I hope you understand now
the case for bulls and bears

Please emails me
at
Bchikvash@aol.com with your phone
if you are having trouble(still)

R said...

got it, boris. thanks for clarifying!

boris said...

5 min data
Maret Report

boris said...

PARADIGM! maybe

boris said...

watch this level
please,
You know what this is

john said...

Boris

Great call-- enough said

old john

boris said...

Dear Jiffy
Welcome
Dear Very Dear Friend

boris said...

Dearest John
Thanks

boris said...

i hope all subscribers are getting my emails

Good Trading All

john said...

Yes

john said...

Yes

Mike Truong said...

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.

boris said...

Dear Michael,
Thanks for your
Analysis.

Good Trading Very Dear Friend

xerxes said...

Good Morning Dear Boris ....

B-berg says the IMF has arrived in Madrid ...

boris said...

Dear Xerxes
Good MOnring
Yes, So I hear(:-

Good Trading very Dear Friend

boris said...

emini 341
at
Market Report

boris said...

Update
Intra chart
Market Report

boris said...

Strategy For Weekend and next week

MarketReport

義珊 said...

Make yourself necessary to someone...................................................................

Hopper said...

Hi Boris,

Wishing you a Happy Fathers Day!

& Good Trading as well


Cheers,

Mike Truong said...

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.

boris said...

Dear, Hopper,
thanks Very Dear Friend

boris said...

Dear Michael,
For those who wanted we had
advice 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.

ENJOY

Deaer Michael

boris said...

Greatness of any trader
advisor 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 he

1) do not lose money
2) 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.

boris said...

Emini342
At
MarketReport

boris said...

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 same
Nobody counts how many points one did not make

Only count that ever matters is how many pts one has made

Amazing 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!

boris said...

About Chinese
Currency 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

boris said...

Looks like
we will visit
at least the top
of the area

R said...

http://www.martinarmstrong.org/files/Can-the-Euro-Survive-a-Sovereign-Debt-Crisis-6-14-10.pdf

interesting timing considerations for those with a longer YBR subscriptions...enough said.....

R said...

http://www.martinarmstrong.org/files/Can-the-Euro-Survive-a-Sovereign-Debt-Crisis-6-14-10.pdf

interesting timing considerations for those with a longer YBR subscriptions...enough said.....

boris said...

Dear Jiffy
thanks a lot
for informative article

Good Trading Very Dear Friend

boris said...

Emini 343
At
MarketReport

boris said...

5 min data
At
MarketReport

boris said...

new post please