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...and yet.

Posted by brophy on 19th of Oct 2022 at 01:00 pm

...and yet.

And in the land of

Posted by brophy on 19th of Oct 2022 at 12:41 pm

And in the land of Dixie

No, it ain't. And what

$TNX ain't playin

Posted by brophy on 19th of Oct 2022 at 12:32 pm

No, it ain't. And what happens in this environment? (and we ain't talkin 1 min charts.)

Which way stocks?

Posted by brophy on 19th of Oct 2022 at 11:47 am

Which way stocks?

You are right, Matt, but, as you know, it is hard for stocks to fight those higher rates when the trend on the TNX is so obvious.

I like it on the daily charts, thanks, Matt.

TNX 41.21, TRUE gap up

Posted by brophy on 19th of Oct 2022 at 09:09 am

TNX 41.21, TRUE gap up O.N. Guess which way stocks go.

To clarify. The only thing that will help you trade is what happens in your charts. Macro discussions are fun, just like fantasy football. But whatever you need to know is all right in your charts. You don't even need to know the econ # announcements themselves, just how the price is reacting to them. In fact, knowing why the price is moving will often cause cognitive dissonance. OK, I'm done.

It doesn't matter WHY it happened. React to WHAT happened.

Nice catch, Matt. That could be a system.

MACRO:  "it needs be recalled

Posted by brophy on 13th of Oct 2022 at 06:56 am

MACRO:  "it needs be recalled what happened last time the Fed was confronted with a 600+ basis point increase in the core PPI inflation: Namely, Volcker raised the Federal funds rate by  1400 basis points, not a mere 300; and it took all of six years to finally bring inflation back to earth.

To be sure, we have no idea as to how high and how long the Fed will require to bring inflation under control during this cycle. But it will surely be far, far in excess of 300 basis points and the pain will be spread over years, not months, as has been the case to date."

David Stockman is always worth a read.

https://brownstone.org/articles/inflation-and-recession-are-becoming-entrenched/

Cathie on Bloomberg now

Posted by brophy on 11th of Oct 2022 at 11:14 am

Cathie on Bloomberg now

Didn't she send a begging

Short ARKK Updated View

Posted by brophy on 11th of Oct 2022 at 10:26 am

Didn't she send a begging letter to the Fed the other day? Yeah, Cathie, that'll work.

Beth Kindig and TrendSpider : How many

Posted by brophy on 11th of Oct 2022 at 10:24 am

I always take the midpoint

System trade retraction

Posted by brophy on 6th of Oct 2022 at 05:28 pm

I always take the midpoint on my option spreads, but good points.

This market is annoying. Can't 

Posted by brophy on 6th of Oct 2022 at 04:42 pm

This market is annoying. Can't  wait til this guy takes over again.

Jeez, lighten up, fella. I was joking. I've been a subscriber for longer than I can remember and it's always been great value and they deserve a raise.

Posted by brophy on 6th of Oct 2022 at 09:58 am

Subscription increase: "For a few

Posted by brophy on 6th of Oct 2022 at 09:12 am

Subscription increase: "For a few dollars more." Would make a good movie title.

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