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Old 12-26-2018, 02:48 PM
 
37,315 posts, read 59,690,076 times
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Quote:
Originally Posted by lchoro View Post
The news on the banks getting together to support the market and the end-of-year pension rebalancing has been out there for up to a week. You can either spout rhetoric all day long (as in your case) or all you can try to do research. It all comes down to supply and demand, and buybacks, ppt, central banks purchases, debt paydowns, and debt issuance all have their impacts.
So maybe Mnuchin had another purpose than checking liquidity when he called his best buds prior to Christmas Eve....
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Old 12-26-2018, 03:01 PM
 
Location: Sector 001
15,936 posts, read 12,236,371 times
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The market was the most oversold it has been in a long time. It was not a bank conspiracy to prop it up, but rather a domino effect of people chasing higher price while looking at various indicators. A good day today. Loaded up on QQQ on the 24th half hour before close. I'm getting better at picking tops and bottoms though my skill at picking individual stocks still needs some work. . At least I know how to get out when I'm wrong now. Getting over the emotional hurdle is the hard part.

Last edited by sholomar; 12-26-2018 at 03:10 PM..
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Old 12-26-2018, 05:31 PM
 
Location: Wisconsin
25,591 posts, read 56,363,195 times
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Quote:
Originally Posted by lchoro View Post
The news on the banks getting together to support the market and the end-of-year pension rebalancing has been out there for up to a week. You can either spout rhetoric all day long (as in your case) or all you can try to do research. It all comes down to supply and demand, and buybacks, ppt, central banks purchases, debt paydowns, and debt issuance all have their impacts.
I've heard the same - all last week. Which is why the strong sell-off on Monday was a bit of a surprise, because the pension rebalancing is certainly not new news. Mnuchin's release on 'liquidity' sparked the simmering fears of a crash. Those who hung in there today got their Monday losses back and then some. So far, we still have a pattern of lower highs and lower lows. For those rebalancing now, it would be great if Monday was a true bottom.

Last edited by Ariadne22; 12-26-2018 at 05:42 PM..
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Old 12-26-2018, 08:18 PM
 
37,315 posts, read 59,690,076 times
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No news to upset the apple cart

Futures show down 50 at 1010 ET
But they were that way last night too
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Old 12-27-2018, 02:12 AM
 
Location: Sputnik Planitia
7,826 posts, read 11,752,083 times
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futures look UGLY!! this rally is dead so quick?
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Old 12-27-2018, 04:43 AM
 
37,315 posts, read 59,690,076 times
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Quote:
Originally Posted by k374 View Post
futures look UGLY!! this rally is dead so quick?

When you live by technical analysis you can also die by technical analysis
Read some reports it could last a week but guess a massive move up shortened that...
The algorhythim showed massive oversold--so it self corrected--added some up side--buffered the 200 DMA
Now it is right back at showing it anticipates a bear market/recession in 2019

Government still in shutdown
A week before Congress back in session

Futures showing down more than 300 in pre-market 630 AM 12/27/2019
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Old 12-27-2018, 09:31 AM
 
Location: Sputnik Planitia
7,826 posts, read 11,752,083 times
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Note the 10YT is down almost 2% today!
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Old 12-27-2018, 10:10 AM
 
2,741 posts, read 1,768,322 times
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Quote:
Originally Posted by k374 View Post
Note the 10YT is down almost 2% today!
10 YT is up, the yield on the 10 YT is down
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Old 12-27-2018, 10:15 AM
 
Location: Sputnik Planitia
7,826 posts, read 11,752,083 times
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Quote:
Originally Posted by SuiteLiving View Post
10 YT is up, the yield on the 10 YT is down
That is what I meant, when talking about treasuries the implicit reference is to Treasury Yields, not quite sure what else there is to interpret here.
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Old 12-27-2018, 10:42 AM
 
2,741 posts, read 1,768,322 times
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just perspective I guess, when discussing yields I'm used to people discussing in terms of basis points, not as a percentage. When discussing the principal of the bond, that's where I'm used to percentages being used.
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