International markets traders banter

[Joules MM1]

Pretty nasty sell off going on, must be down 10% since Monday

I certainly didn't get the setup for a short covering rally and don't think i will this week...

yeah, spx cash futes just broke retested yesterdays cash pivot....a shift....

...isnt September worst month of all months for longs?

lol, can never tell if US always manages to hold up for highs and hold down to lows into ops expiration thurs/fridays

edit

More than 100 years of data show that the worst month for stocks is September

ha! ...and guess who put out these numbers

http://www.elliottwave.com/freeupda...Months-October-Think-Again.aspx#axzz3jLirGDA1

 

[CanOz]

yeah, spx cash futes just broke retested yesterdays cash pivot....a shift....

...isnt September worst month of all months for longs?

lol, can never tell if US always manages to hold up for highs and hold down to lows into ops expiration thurs/fridays

edit



ha! ...and guess who put out these numbers

http://www.elliottwave.com/freeupda...Months-October-Think-Again.aspx#axzz3jLirGDA1

German bonds were starting to look bearish, until the equities hit that sweet spot and then rallied quick smart...

 

[Joules MM1]

German bonds were starting to look bearish, until the equities hit that sweet spot and then rallied quick smart...

maxwell smart?

11:45am CNY Caixin Flash Manufacturing PMI

 

[sinner]

I reckon early August is just about gonna be it (time to put dem hedges on), short of another Central Bank front lawn dump.
View attachment 63611

...and now we await the lawn dump.

 

[avion]

Quite a day/night yesterday, wonder if it's beginning of something bigger...

Talk of correction has been happening for a while now.

 

[notting]

I don't think it's in anybodies interest to bring on a couple of state bankruptcies.
There should be a collective agreement to cut back a bit of oil production to bring things back on the level.

Kicking off the GFC, oil was at $160, there was a related food crises and the affordability for many basic services to transport goods in undeveloped and emerging markets.
It's all about oil and the setup is the opposite to what happened during the GFC, Perhaps we're on the cusp of the GFMB.
Global Financial Mega Boom.

Oh yes and to all those pundits who chant like a frickin mantra that the Fed is desperate to "normalize" rates. Ummm, no it isn't. 'Oh they need room to move in case there is a crisis!?' Ummm no. They could do more QE even though it doesn't work, people love it, or they could cut interest rates down to -1,-2,-3,-4,-5,-6%>>>>>>
No one has to do anything and there is as much flex as you want!

 

[PinguPingu]

Oh yes and to all those pundits who chant like a frickin mantra that the Fed is desperate to "normalize" rates. Ummm, no it isn't. 'Oh they need room to move in case there is a crisis!?' Ummm no. They could do more QE even though it doesn't work, people love it, or they could cut interest rates down to -1,-2,-3,-4,-5,-6%>>>>>>
No one has to do anything and there is as much flex as you want!

Yeah, the Swiss are already doing negative interest rates. Plus, the Fed could always go full Japan

 

[CanOz]

Big selloff yesterday certainly wiped out the chance of a short covering breakout of the channel. We've now left the value area on the composite (FESX) and are at unfair lows. We'll look for buyers on the lower end of the next value area and sellers above as the longer term bracket comes into play. I took no trades as my setups did not materialize. Nonetheless, there were plenty of opportunities for discretionary traders to sell pull backs to the VWAP.

 

[CanOz]

I see the PMI figure went over well....

09:45*(CN) CHINA AUG CAIXIN/MARKIT FLASH MANUFACTURING PMI: 47.1 V 48.2E (lowest since Mar 2009)- Output 46.6 (lowest since Nov 2011) - Source TradeTheNews.com

 

[notting]

I see the PMI figure went over well....

LOL

 

[Joules MM1]

cupla twitter "personalities" buying the dip

obviously seasoned traders :bayer:

= well cooked

 

[avion]

Pheeeeeeeeeeeeeeeeeeewww!

Got your longs Can?

 

[Wysiwyg]

I took on Planet America single handed. Wonder Woman zapped me, Captain America whacked me, Cyclops zapped me and Batman kapowed me. Foundations were shaking. Tall buildings came crashing down (again). How sad.

 

[Joules MM1]

and here come the stats..

Jason Goepfert ‏@sentimentrader 4m4 minutes ago

This is the highest the CBOE total put/call ratio has been this far into the day since at least 2004.

 

[Wysiwyg]

Seppo comments "it is officially risk off", "we are in bear market territory", "fear of the Feds rate rise", "I am a teapot", "I control the world", "I am good, just ask me", "China, we want you to base your economy on consumption"

 

[Joules MM1]

Seppo comments "it is officially risk off", "we are in bear market territory", "fear of the Feds rate rise", "I am a teapot", "I control the world", "I am good, just ask me", "China, we want you to base your economy on consumption"

media flippancy

...you can't be serious!

 

[CanOz]

Good Morning Europe...have fun!

 

[cynic]

Good Morning Europe...have fun!

Misery certainly does like company!

 

[notting]

One stock in the Euro 600 in positive. ONE!!!

 

[cynic]

One stock in the Euro 600 in positive. ONE!!!

Don't tell me! Let me guess! Funerals r us!