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International markets traders banter

Somebody is certainly enjoying pushing the HSI around today. That's the second violent break...

WTF

CanOz
 
Now that we've moved back to the composite value area at 20040 on the HSI, i would expect either a choppy afternoon around this area, or a bounce higher towards 20070 - DPOC. The Market is already off 1.3%.

If we break below 20020, then a bounce off 20000....if 20000 doesn't hold then look out below... Next support at 68 and 50, then fresh air until 19900 - 19880.

Lets see how we go!

CanOz
 
DPOC just shifted 10 points down to 20060. Nice head and shoulders pattern too, if that's your thing...

CanOz
 
Huh? what did I do/say?

You posted Apr 27 with a chart implying shorting the Nikkei was cheap (at least that's how I read it), for my own amusement I often track peoples calls, yours coincided with a vicious 1000pt Nikkei decline. All the markets went down, but even the CAC managed a two day high in that decline.
 

50% chance of being right
 
You posted Apr 27 with a chart implying shorting the Nikkei was cheap (at least that's how I read it)

I do remember the call but unfortunately I doubt it was for any longer than the week ahead. But hey I'll take the Guru points thanks. ld:
 
Anyone think volatility is cheap as as all f right now? iVolatility has their IVX for SPX and ES running 13.~ with the 1Y low at 12....

Meanwhile:



I'm not bearish but might be time to start buying a few OTM puts and collar up momentum trades on the NYSE open, not game to exit the underlying positions but tightening what I'm expecting a little.
 
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