Many traders are scratching there head trying to make sense of the market.
All I can say it was just a matter of time before mercury retrograde really kicked in..LOL
Every time this occurs 3 things happen, traders become lost technically as every indicator becomes choppy.
Higher highs and lower lows tend to occur and
Last but not least the bullshit is thrown around!
Today we had Ben have his moment, and yes as well all know he told basically congress to get the act together and resolver there issues.
To be very frank about it if the Republicans ever want to get back in to the white house they need to let go and then use it to there advantage next time around.
Don't wait around play politics as it will come back to bit.
If I have offended any Republican people my apology but that's the reality of it.
Get this line from Ben I cracked up laughing when I heard the QA ..
His ready to raise rates if inflation pops it head up..
Is he serious, his the one creating inflation at the moment..
Anyway its all good
His speech today was a waste of time his not going to do anything.
Same with the Israeli's talk of a cease fire a load of crap.
Then as you all saw after the close Palestine youths dragging spies across the streets.
The market went up and down as expected with not to much vigor.
I picked up longs in the ES at the 1380 level and holding
In the oil it was a nasty day for us we lost our profit on the options which was disappointing.
But the good news for the trade is that I am prepared to hold for next week.
I was expecting this kind of talk to occur over the thanks giving holiday but as its happened before I am prepared to hold over the weekend.
Looking forward
On the index options we will no matter what close out tomorrow as there is some negative days upon us.
Yes and its bad news that will come from the middle east.
I am anticipating an ambush on the market Thursday, with the negative astrology on Friday could swing the market back down.
Please take note that everything that is occurring in the market place at the present time is controlled algorithm trading.
Its for this reason that your not seeing the VIX pop up at all.
There is no fear up or down as the computer programmers have worked out how to hide trading movements.
This is occurring right around the world now, even at the ass end of the world Australia there is program trading which has killed the volatility of the market.
The only time you have volatility in this market now is when a manager calls from overseas and asks for a fill with 20 minutes of a $200-300million order.
We must not forget Australia is a small market with about $800-900 Million worth of trades going through in a day.
Wall street has I believe $1 billion worth of stock traded in the first 13 minutes.
For those who have asked.
ES 1390 calls DEC long from 10.
CL 93 calls FEB long from 1.85
To the Financial Astrology Students
While we have great uncertainty with the slow outer planets the main aspects which will show there force over the next 30-60 days at least are both the Sun in Sag, the Venus in Scor.
The combination of the two expecially when in a positive degrees will be very powerful.
Thats not to say we wont get down days when they are in void.
Take note for the next 60 days.
Until Monday or even next Wednesday media will put the Doom in Gloom the market place.
As was the case last week and we got a 40 point rally.
Trust your work dont allow the media to sway your judgement as it is likely too.
Please note:
Due to new readers post are a little longer than usual.
If this blog saves you once from a bad trade it has served its purpose.
Education is priceless when one has the will to learn so please be patient.
As always use this blog as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor more on the above .
Past performances are no guarantee for future performances.
All I can say it was just a matter of time before mercury retrograde really kicked in..LOL
Every time this occurs 3 things happen, traders become lost technically as every indicator becomes choppy.
Higher highs and lower lows tend to occur and
Last but not least the bullshit is thrown around!
Today we had Ben have his moment, and yes as well all know he told basically congress to get the act together and resolver there issues.
To be very frank about it if the Republicans ever want to get back in to the white house they need to let go and then use it to there advantage next time around.
Don't wait around play politics as it will come back to bit.
If I have offended any Republican people my apology but that's the reality of it.
Get this line from Ben I cracked up laughing when I heard the QA ..
His ready to raise rates if inflation pops it head up..
Is he serious, his the one creating inflation at the moment..
Anyway its all good
His speech today was a waste of time his not going to do anything.
Same with the Israeli's talk of a cease fire a load of crap.
Then as you all saw after the close Palestine youths dragging spies across the streets.
The market went up and down as expected with not to much vigor.
I picked up longs in the ES at the 1380 level and holding
In the oil it was a nasty day for us we lost our profit on the options which was disappointing.
But the good news for the trade is that I am prepared to hold for next week.
I was expecting this kind of talk to occur over the thanks giving holiday but as its happened before I am prepared to hold over the weekend.
Looking forward
On the index options we will no matter what close out tomorrow as there is some negative days upon us.
Yes and its bad news that will come from the middle east.
I am anticipating an ambush on the market Thursday, with the negative astrology on Friday could swing the market back down.
Please take note that everything that is occurring in the market place at the present time is controlled algorithm trading.
Its for this reason that your not seeing the VIX pop up at all.
There is no fear up or down as the computer programmers have worked out how to hide trading movements.
This is occurring right around the world now, even at the ass end of the world Australia there is program trading which has killed the volatility of the market.
The only time you have volatility in this market now is when a manager calls from overseas and asks for a fill with 20 minutes of a $200-300million order.
We must not forget Australia is a small market with about $800-900 Million worth of trades going through in a day.
Wall street has I believe $1 billion worth of stock traded in the first 13 minutes.
For those who have asked.
ES 1390 calls DEC long from 10.
CL 93 calls FEB long from 1.85
To the Financial Astrology Students
While we have great uncertainty with the slow outer planets the main aspects which will show there force over the next 30-60 days at least are both the Sun in Sag, the Venus in Scor.
The combination of the two expecially when in a positive degrees will be very powerful.
Thats not to say we wont get down days when they are in void.
Take note for the next 60 days.
Until Monday or even next Wednesday media will put the Doom in Gloom the market place.
As was the case last week and we got a 40 point rally.
Trust your work dont allow the media to sway your judgement as it is likely too.
Please note:
Due to new readers post are a little longer than usual.
If this blog saves you once from a bad trade it has served its purpose.
Education is priceless when one has the will to learn so please be patient.
As always use this blog as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor more on the above .
Past performances are no guarantee for future performances.
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