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  • #3,961
  • Jan 14, 2016 5:30pm Jan 14, 2016 5:30pm
Sums up markets at the moment.
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  • #3,962
  • Jan 14, 2016 5:51pm Jan 14, 2016 5:51pm
Quoting squawk
{quote} Hard to know what this pair will do short term but I have positions in and maybe a short term trade here with a push back to level. {image}
See that, another one that stood out.
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  • #3,963
  • Jan 14, 2016 9:33pm Jan 14, 2016 9:33pm
Little fun with funnymentals. As before, I am skeptical of Fed. Janet one and done? Hmmm....BOJ and 3C have been there before....

http://www.marketwatch.com/story/why...eak-2016-01-14


Falling prices, or deflation, is widespread among consumer goods. In the 12 months ended in November, for example, the cost of used cars fell 0.6%, home furnishings fell 1.4%, sporting goods fell 1.4%, clothes fell 1.5%, appliances dropped 4.2%, toys tumbled 5.2%, computers skidded 7% and televisions plunged 12%.
On the flip side, the cost of medical care and shelter — the two largest household expenses — are both rising much faster than the overall rate of inflation. Rents are rising at the fastest pace since 2008, for instance.

Hmmmm...wonder why that is?

http://blogs.wsj.com/economics/2016/...too-damn-high/

What a tangled web we weave....
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  • #3,964
  • Jan 15, 2016 6:49am Jan 15, 2016 6:49am
Why all the funnymental talk? Because I was trained in them and sometimes they matter. Oil has crab now or 26, end of world deflation spiral 14....

http://www.marctomarket.com/2016/01/...dy-friday.html

The markets are unsettled, to say the least, and US market-based measures of inflation expectations are falling. The 10-year breakeven (the difference between the conventional yield and the yield of an inflation-linked note) is more than 10 lower than it was at the September FOMC meeting. Growth in the US economy appears to be tracking something less than 1% at an annualized pace in Q4, according to the Atlanta Fed. The January FOMC meeting is not seen as live, but market participants cannot be confident of a March hike either.

Someone cue the dancing monkeys.....

As pointed out here long ago, Fed is already tight on real basis as neutral rate is 0 or negative. You gonna hike more? How much? ....
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  • #3,965
  • Jan 15, 2016 6:53am Jan 15, 2016 6:53am
How about a chart son? Weekly ab cd previously posted, this is daily, one above is first fib fit larger. Guess it up to you data and US.

Edit: Sometimes ff f's with my charts. It is 147606 above. That would be alliteration....
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  • #3,966
  • Jan 15, 2016 10:51am Jan 15, 2016 10:51am
Some EG, more but we will start here.
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  • #3,967
  • Jan 15, 2016 10:59am Jan 15, 2016 10:59am
Some AU, like them post separate for clarity. 68218
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  • #3,968
  • Jan 15, 2016 11:03am Jan 15, 2016 11:03am
Other one, 6796, check reaction 127.
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  • #3,969
  • Jan 15, 2016 11:21am Jan 15, 2016 11:21am
GJ

Edit: Bottom level doesn't make much sense until you look further left.
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  • #3,970
  • Jan 16, 2016 9:47am Jan 16, 2016 9:47am
So I guess, no big shakes on Monday? Headline made me laugh though. Intentional, or maybe got to be more observant. Got eyes on some AU, GA, EA. Think most are around here. US Holiday Monday so see...

http://www.reuters.com/article/us-ch...-idUSKCN0UU0EU


China's economy grew by around 7 percent in 2015, services made up half of GDP - Premier
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  • #3,971
  • Edited 12:04pm Jan 16, 2016 11:13am | Edited 12:04pm
Quoting Mr. Scott
Little fun with funnymentals. As before, I am skeptical of Fed. Janet one and done? Hmmm....BOJ and 3C have been there before.... http://www.marketwatch.com/story/why...eak-2016-01-14 Falling prices, or deflation, is widespread among consumer goods. In the 12 months ended in November, for example, the cost of used cars fell 0.6%, home furnishings fell 1.4%, sporting goods fell 1.4%, clothes fell 1.5%, appliances dropped 4.2%, toys tumbled 5.2%, computers skidded 7% and televisions plunged 12%. On the flip side,...
Hi Scott some awesome posts by you!
Situation looks very grim.Things are unraveling in fast pace.USD is hyper overbought cross all pairs and at some point switch will turn off
I have some shorts on UC at 1.45 but not feeling confident.
Canadians hurting bad.Since they import all their produce paying 8dollar for single cucumber is common now.
Yellen may have just opened the Pandora box of 8 years of artificial pumping of the Wall street is unraveling fast.Only oil stability can halt the decline but no signs of it yet
If this continues we might go into another rescission fast
regards
In trading, you have to be defensive and aggressive at the same time
  • #3,972
  • Jan 16, 2016 12:00pm Jan 16, 2016 12:00pm
Quoting Davit
{quote} Hi Scott some awesome posts by you!
Hi Davit,

Thanks for stopping by, mostly post some larger charts of interest here or sometimes go off on one of my fundamental tangents. Figure it is good to work through the thoughts once in a while.
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  • #3,973
  • Jan 16, 2016 2:44pm Jan 16, 2016 2:44pm
Quoting Davit
{quote} Hi Scott some awesome posts by you! Situation looks very grim.Things are unraveling in fast pace.USD is hyper overbought cross all pairs and at some point switch will turn off I have some shorts on UC at 1.45 but not feeling confident. Canadians hurting bad.Since they import all their produce paying 8dollar for single cucumber is common now. Yellen may have just opened the Pandora box of 8 years of artificial pumping of the Wall street is unraveling fast.Only oil stability can halt the decline but no signs of it yet If this continues we...
Hi Davit,

Hopefully this chart will be helpful to plan trading. CAD made *some pullback next week/month.

p/s : Description on chart suppose Crab pattern not *Deep Crab Pattern
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  • #3,974
  • Jan 16, 2016 3:19pm Jan 16, 2016 3:19pm
Quoting sniperdebt
{quote} Hi Davit, Hopefully this chart will be helpful to plan trading. CAD made *some pullback next week/month. p/s : Description on chart suppose Crab pattern not *Deep Crab Pattern {image}
Hi Sniper,

Thanks, she the one.

Quoting Mr. Scott
Why all the funnymental talk? Because I was trained in them and sometimes they matter. Oil has crab now or 26, end of world deflation spiral 14.... http://www.marctomarket.com/2016/01/...dy-friday.html The markets are unsettled, to say the least, and US market-based measures of inflation expectations are falling. The 10-year breakeven (the difference between the conventional yield and the yield of an inflation-linked note) is more than 10 lower than it was at the September FOMC meeting. Growth in the US economy appears to be...
The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,975
  • Jan 16, 2016 3:26pm Jan 16, 2016 3:26pm
Quoting Mr. Scott
{quote} Hi Sniper, Thanks, she the one. {quote}
  • #3,976
  • Jan 16, 2016 4:38pm Jan 16, 2016 4:38pm
Quoting Davit
{quote} Hi Scott some awesome posts by you! Situation looks very grim.Things are unraveling in fast pace.USD is hyper overbought cross all pairs and at some point switch will turn off I have some shorts on UC at 1.45 but not feeling confident. Canadians hurting bad.Since they import all their produce paying 8dollar for single cucumber is common now. Yellen may have just opened the Pandora box of 8 years of artificial pumping of the Wall street is unraveling fast.Only oil stability can halt the decline but no signs of it yet If this continues we...
Davit we Canucks are debt rich and house asset rich. With house prices appreciating last 12yrs there's room for some downfall in price. Employment are still stable if you are still employed. But if you are again in the oil industry in the western part of canada then your out of luck. But these regions have always been boom or busts when oil is at highs or lows. As our BOC says last week "we just have to ride this" and most likely we can. Unless we end up seeing another GLOBAL FINANCIAL CRISIS and when that happened we here only ended up suffering for one year.
So for now we ride this bear in commodities.
Wooooohooooo or Boooooohooooo
  • #3,977
  • Jan 16, 2016 9:36pm Jan 16, 2016 9:36pm
hello Scott. So CAD and Oil look still bearish. What do you think this shark too? If it is valid, looks stock market still have room to go south further.....​
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  • #3,978
  • Jan 16, 2016 9:49pm Jan 16, 2016 9:49pm
Quoting man007
hello Scott. So CAD and Oil look still bearish. What do you think this shark too? If it is valid, looks stock market still have room to go south further.....​ {image}
Hi Man,

Thanks for chart. B8stards closed on line.... Not one I trade, but had to take a look...:nerd:
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  • #3,979
  • Jan 16, 2016 11:37pm Jan 16, 2016 11:37pm
Quoting Mr. Scott
GJ Edit: Bottom level doesn't make much sense until you look further left. {image}
Hi Mr Scotts,

Does the GJ pattern still valid? it seems that the extension was broken last friday.
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  • #3,980
  • Jan 17, 2016 7:51am Jan 17, 2016 7:51am
Quoting danielwang
{quote} Hi Mr Scotts, Does the GJ pattern still valid? it seems that the extension was broken last friday. {image}
Hi Daniel,

This is how I am looking at it currently.... at rather obvious support now....

http://www.forexfactory.com/showthre...73#post8693173
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