Investors....come in please!

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Courtesy of Ciovacco Capital management. Good chart to follow for finding overall market direction.

http://stockcharts.com/h-sc/ui?s=PSQ:$SPX&p=W&yr=1&mn=3&dy=0&id=p03821143282&a=280961939
 
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Buying TLT calls is the best trade I've ever made. It was looking iffy yesterday afternoon, but that 2nd lower high in the SP500 was the nail in the coffin. I should have just shorted the S&P but I needed to confirm in my own mind that inter market relationships still exist.
 
Originally Posted By: Pablo


NOT Optimal.


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Touché. Took me a second to catch that one.
 
Originally Posted By: Warstud
When was the last time you seen the VIX up 13.5 %?


I know! Wanted to buy the Vix...

We're due. Strap in.
 
Originally Posted By: tpitcher
Originally Posted By: Warstud
When was the last time you seen the VIX up 13.5 %?


I know! Wanted to buy the Vix...

We're due. Strap in.



Did you sell all your longs?

Watch out, some of the VIX emulating funds are real duds.
 
Originally Posted By: Pablo
Originally Posted By: tpitcher
Originally Posted By: Warstud
When was the last time you seen the VIX up 13.5 %?


I know! Wanted to buy the Vix...

We're due. Strap in.



Did you sell all your longs?

Watch out, some of the VIX emulating funds are real duds.


Nope, kept all the longs; they're for DGI investing.

An October Surprise may make some waves as well...
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Originally Posted By: Warstud
When was the last time you seen the VIX up 13.5 %?


I recently learned a phrase that has really hit home with me: when the VIX is low, look out below.

If earnings continue to be lousy next week, this market could get really violent.
 
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I've been in PHG for about a month now; they rewarded investors with a good earnings report today. I briefly considered selling, but I'm in that one for the long haul.
 
Originally Posted By: Tempest
Originally Posted By: Drew99GT
http://www.marketwatch.com/story/fed-con..._story_featstor

I keep having to remind myself: don't fight the Fed.


The Japanese are at 20 years and QE8. Our guys are just getting started.


Yup, and the Yen never collapsed, there was never hyperinflation, and rates continue falling.

I dare you to read this Tempest.

http://www.businessinsider.com/bank-of-england-debt-cancelation-2012-10

http://www.businessinsider.com/top-clien...gn-debt-2012-10
 
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Originally Posted By: Drew99GT
Originally Posted By: Tempest
Originally Posted By: Drew99GT
http://www.marketwatch.com/story/fed-con..._story_featstor

I keep having to remind myself: don't fight the Fed.


The Japanese are at 20 years and QE8. Our guys are just getting started.


Yup, and the Yen never collapsed, there was never hyperinflation, and rates continue falling.


Things work, till they don't.

This is what smart money thinks of Japanese yields: http://www.bloomberg.com/news/2012-10-23...pan-credit.html
 
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