December 2010
20 posts
Scientists recreate conditions at dawn of universe... →
November 2010
64 posts
Prices are up 12 ticks, currently trading at 127’12 late in the afternoon. They were up as much as 128’00 before starting to sell off around noon.
The 15 minute chart provided two good trades. The first was a Bias Reversal Trade at 6:45, where the long was entered at 127’06. This was good for 23 ticks. The second trade was a AC trade, entered at 10:30 at the price of...
Tuesday, November 30th
Pivot 126’18
S1 126’01
S2 125’02
R1 127’17
R2 128’02
Economic Calendar:-
07:45 ICSC-Goldman Store Sales
08:55 Redbook
09:00 Case-Shiller HPI
09:45 Chicago PMI
10:00 Consumer Confidence
Overnight prices gained to 127’13 level. Looking at the 30 minute chart, trading will be on the buy side.
Had one early morning trade, via the 5 minute chart....
A positive day in the Treasury market, with prices rising 23 ticks to end the day at 128’07. Today was last day of trading for the December contract, with activity switching to the March contract tomorrow.
The 30 minute chart switched long at 8:00 am at 127’22. There were four trades on the 5 minute chart. Three of which were for +9 ticks, and the fourth was closed out at 4:30 pm...
The presidency of JFK, 50 years ago - The Big... →
Fifty years ago this month, John F. Kennedy was elected president of the United States. He held the office for just over 1,000 days before his assassination, but they were significant days, and the man and his family became iconic around the world, especially capturing the imagination of Americans at home. This year, a four-year, $10 million effort to digitize the JFK Library and Museum’s archives...
Today's trading.
Quite a busy day today with lots of trading, as will be evident on the following charts. Quite a lot of economic news today, as tomorrows releases came forward to today.
07:00 MBA Purchase Applications
08:30 Durable Goods Orders
08:30 Personal Income and Outlays
08:30 Jobless Claims
09:55 Consumer Sentiment
10:00 Existing Home Sales
10:30 EIA Petroleum Status Report
13:00 7 Yr Note...
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Summation of today's trading.
There were no economic releases today, which made for lack luster trading. In retrospect, it would have been better to trade from the long side today. Prices stayed above the pivot at 126’18 all day. However my 30 minute chart suggested using the short side. There were a couple of 5 minute trades that worked out, but that was about all.
Next week is a shortened week.
Hope everyone has a...
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A follow up to the previous post
Thanks for what, Warren?
Posted by Cardiff Garcia on Nov 17 20:52.
Barry Ritholtz posts the letter that Warren Buffett could have written to the US government, in lieu of today’s wet kiss in the New York Times op-ed page, if he’d chosen to be more transparent and self-critical:
I would be remiss if I failed to mention my personal positions in this: I made a killing in Goldman Sachs and...
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From Self-evident comes this lovely rebuttal to...
Dear Warren Buffett
Bond Girl 2010-11-17 10:48
It is always such a pleasure to hear from you! Goodness, please do not fret for one moment about your poor manners – everyone knows that you are a very important person and therefore very busy. I am just thrilled to pieces that you thought of me at all.
I just wanted to say that you are welcome. The truth is we would not be where we are as...
Via Incanto
Is OpenTable Worth it?
Posted in Letters, Odds & Ends on Friday, October 22nd, 2010 by Mark Pastore
We’ve often been asked why Incanto is not listed on OpenTable.com. For those of you not familiar with the service, OpenTable is the most successful online restaurant reservation portal on Earth; a place on the Web where diners can search for and make reservations at leading restaurants, via a...
Stimulus at work...
The Stimulus Package in Kabul (I Was Delusional — I Thought One Monster “Embassy” Was the End of It) By Tom Engelhardt
You must have had a moment when you thought to yourself: It really isn’t going to end, is it? Not ever. Rationally, you know perfectly well that whatever your “it” might be will indeed end, because everything does, but your gut tells you something different.
I had...
Today's Economic Highlights
Submitted by Tyler Durden on 11/09/2010 07:55 -0500
Small business survey, wholesale inventories, and consumer confidence… 7:30: NFIB small business optimism index for Oct…back up? This index edged up in August and again in September, and the handful of economists who forecast it expect a modest further gain in October. The detailed results from this survey have indicated for quite...
“From right to left, secular to God-fearing, what so few people know is that in...”
– John Pilger, The Invisible Government (via bunch)
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Data Protectionism Era begins..
Google To Facebook: You Can’t Import Our User Data Without Reciprocity
The war between Google and Facebook is heating up: Google just made one small tweak to its Terms of Service that will have a big impact on the world’s biggest social network. From now on, any service that accesses Google’s Contacts API — which makes it easy to import your list of friends’ and coworkers’ email addresses into...
