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dc CB  03:56:51 GMT - 06/12/2020  
Thursday Amazing Trader 11 June 2020
Mtl JP 20:53 GMT 06/11/2020
DJIA -6.9%
S&P 500 -5.89%
speculation as to why abounds
all really just hind-sight
_______________________________

It's staring you in the face.
CHAZ --- Seattle---Amazon's headquarters. Jsut down the road Redmond Wash Microsoft.

Further Down the LEFTist Coast---SillyCON Valley

FAAN(M)G Landia...


dc CB  01:49:16 GMT - 06/12/2020  
On Monday, when the market hit its absolute blow off top phase and Robinhooders sent the stock of bankrupt Hertz as high as $6.25, resulting in a market cap of just under $900 million - a testament to the absolute idiocy of capital markets - we decided to double down on this idiocy and said that "we hope the company sells a few hundred million worth of stock - after all there is apparently endless demand for its shares - just so we can test the so-called "price discovery" of Powell's latest and greatest FOMO bubble."

Well, it turns out that some banker at Jefferies read us, however ignoring the clear sarcasm of this proposal decided to turn it into what may soon be the most insane and/or stunning, maybe even legendary capital markets product ever proposed: an Initial Bankruptcy Offering. You see, after the close on Thursday, Jefferies filed a motion in the Hertz bankruptcy case, seeking to sell $500 million in bankrupt Hertz stock (or 246,775,008 HTZ shares) in a "unique opportunity" to "raise capital on terms that are far superior to any debtor-in-possession financing."

Why is Jefferies proposing this deal? Because "the recent market prices of and the trading volumes in Hertz’s common stock potentially present a unique opportunity for the Debtors to raise capital on terms that are far superior to any debtor-in-possession financing."

In other words, the feverish retail participation in the most ridiculous asset bubble ever created by the Fed is just the opportunity Jefferies - and Hertz - needed to turn the bankruptcy process on its head.

Hertz Plans To Sell Up To $1 Billion In New Bankrupt Stock



Mtl JP  00:34:30 GMT - 06/12/2020  
below is re-posted without any guarantee, none what-so-ever
u r a big boy/gal, managing risk is your first responsability:
-
Here’s how the stock market tends to trade after brutal selloffs like Thursday’s

By Mark DeCambre



Mtl JP  23:56:11 GMT - 06/11/2020  
 
SnP 3031 - now bit of a rebound
off the 3K price line
something about round numbers in the human psyche:
31K initially would be nice


dc CB  21:15:45 GMT - 06/11/2020  
Update (1645ET): As Houston vies for LA and Phoenix to succeed NYC as America's biggest COVID-19 hot spot, the Houston Chronicle reports that health officials may reopen a COVID-19 hospital while officials weigh whether to reimpose a stay at home order. Such a move would undoubtedly rattle stocks, even after Thursday's massive dive.

The move to reopen a designated COVID-19 hospital comes as hospitalizations due to the virus have reached their highest levels since the outbreak began.
ZH


Mtl JP  20:53:38 GMT - 06/11/2020  
DJIA -6.9%
S&P 500 -5.89%

speculation as to why abounds
all really just hind-sight


Mtl JP  20:12:56 GMT - 06/11/2020  
 
SnP 3,000 bingo !
and kitching !


london red  19:31:17 GMT - 06/11/2020  
stocks. i sell small buy lrg. nothing else works since gfc. just gotta have the patience to wait for the dips. it comes n goes, but ya try to keep it ;)


Israel  MacroMicro  19:25:05 GMT - 06/11/2020  
hehehe you can be dramatic
May's low, June's high , the range.
don't be greedy and make money both ways.



london red  19:20:31 GMT - 06/11/2020  
munchkin to powell: how do ya think ya did?


london red  19:19:23 GMT - 06/11/2020  
no retailers left to buy. after todays crash they all left their houses to fill job applications at the local 7-11


dc CB  19:10:10 GMT - 06/11/2020  
ya think there's few $billion MOC orders---SELL MOC - 3:50PM???


dc CB  19:07:50 GMT - 06/11/2020  
fyi, the Sept ES hit 2995.50


london red  19:00:55 GMT - 06/11/2020  
hourly close by low/200dma about to pop. 2965 poss today if they want


london red  18:28:20 GMT - 06/11/2020  
weve done mid mays pullback in about a day, which may be enough, but you like a nice tail on the candle if its tomorrow.
powell said its ok the buy stocks, so they did. once they have all been called, its ok to buy stocks again.


dc CB  18:22:04 GMT - 06/11/2020  
Wed 3:30 PM Post Powell...June NQ - Nasdaq 100 futures
10155.5

23hrs later ---9690


Israel  MacroMicro  18:07:50 GMT - 06/11/2020  
red, your bearish stand for today is probably far too bearish. I mean the close today. tomorrow this market will not trade 2% under today's low. imo


dc CB  18:06:41 GMT - 06/11/2020  
red: lockdown

if the Bolshevicks win power. the 'lockdowns' will have a different set of reasons. by the way the Gov of Pennsylvania still has a lockdown in effect in the eastern counties -- Philadelphia et al


london red  18:01:53 GMT - 06/11/2020  
todays 3:50 will be interesting. express elevator to hell!


dc CB  18:01:38 GMT - 06/11/2020  
Mon all CME currency futures June contracts done, except CD which is done on Tues

Trading Sept contracts


london red  18:00:46 GMT - 06/11/2020  
at this rate they can close 2865 gap tomorrow and still close abv the 200dma.
3013/3000/2956/2865. think thats enough any more is a bonus as u dont expect them to do it in weeks but days.


Mtl JP  17:52:36 GMT - 06/11/2020  
 
3041
-
SnP to 3K eh ... why not
only 40 ish points away


dc CB  17:49:49 GMT - 06/11/2020  
Tesla starts canceling Solar Roof orders after years of taking deposits

Tesla



dc CB  17:38:17 GMT - 06/11/2020  
index futures roll to Sept contracts. 10pt spread at thiis point

June ES 3045
Sept ES 3035


dc CB  17:33:51 GMT - 06/11/2020  
30Y went at 1.45%

results treas auction



Mtl JP  17:21:05 GMT - 06/11/2020  
USDCAD 1.357-ish

Kevin 15:05 - a curtsey to a great call


london red  16:37:23 GMT - 06/11/2020  
37,25 neck test on brent cfd coming up. can fall hard thru there but may be a bridge too far today to close below. 35-36 poss tomorrow on continuation but the on close number imp tomorrow///37.25


HK Kevin  16:33:45 GMT - 06/11/2020  
Minneapolis DRS2 15:40 & London Red, agree no sell signal of EUR in daily chart. Right now, JPY, CHF and EUR are benefited from the plunge of stock market. However, if EUR makes 3 try to break the upside channel resistance and fail, that means an alert of downside risk.


london red  16:33:07 GMT - 06/11/2020  
zero chance anyone is doing shutdown again even if numbers get worse than before. they have seen what happens to regular folks and that they cant help them so they will let things take their natural course apart from some distance restrictions.


Mtl JP  16:27:39 GMT - 06/11/2020  
headline
-
Mnuchin Says Shutting Down the Economy Again Is Not an Option


london red  16:21:14 GMT - 06/11/2020  
JP a lot of the good stuff that u can see on other side they are still holding on to today with slight up/flat or small losses today. they may squeeze those tomorrow and then that may be close to it. monday could be mixed with a higher finish or may drag into tuesday.


london red  16:19:06 GMT - 06/11/2020  
snp just under last months high now, the low is still 300 pts away so plenty or room to move without doing much damage. nearby we have 200dma at 3013 but immediately nearby is 3054 the 38.2 of 2750/3250.


Mtl JP  16:17:32 GMT - 06/11/2020  
just trivia
-
Walmart's stock is the only one of the Dow industrials 30 trading in positive territory in Thursday's stock-market rout - MarketWatch
--
hmm... rout, eh ?
See IF it is just a corrective dip instead with the zimbabwean fed with their back-stop on stand-by


dc CB  16:07:08 GMT - 06/11/2020  
Unleash the vaccine-update tape bombs!
ZH


Mtl JP  16:06:17 GMT - 06/11/2020  
red 15:50 that is similar to outfits that renamed selves on an exchange to include the word "green" and ... BOOM ! stock rockets multiples

but what is the peasantry seeking return in an age of powell and gang to do?
Opinion: Rampant speculation in the stock market — you ain’t seen nothing yet.

Thank the Federal Reserve



dc CB  16:05:39 GMT - 06/11/2020  
so that 19bln 30Y is going to go off a 1.4


Mtl JP  15:59:16 GMT - 06/11/2020  
as DJIA off -1150 or ~ -4.30%

sharp-eyed and witty that
Donald J. Trump
@realDonaldTrump
·
47 min
The Federal Reserve is wrong so often. I see the numbers also, and do MUCH better than they do. We will have a very good Third Quarter, a great Fourth Quarter, and one of our best ever years in 2021. We will also soon have a Vaccine & Therapeutics/Cure. That’s my opinion. WATCH!


london red  15:50:49 GMT - 06/11/2020  
some robinhood users appear not to have got the memo that fangdd is not quite Faang.

link


london red  15:45:49 GMT - 06/11/2020  
euro is unwillingly moving lower as stocks hit new lows, but its not making lows itself, that tells u something. euro will be fine unless under 11320, then they will fight over who is first out. while stock losses within expectations and not a rout, euro likely to see dip buying.


Minneapolis DRS2  15:40:25 GMT - 06/11/2020  
EUR risk of downside is imminent? I like EUR downside too, but to say it is imminent is IMHO a bit presumptuous.

Right now price is consolidating between 1340 and 1400, and in an even tighter range between 1380 and 1400. Judging from the current charts, it looks like if another trendline test occurs immediately, then EUR/USD will get sold back down from 1440 or 1450.

For speculative purposes only, I would expect further tests tomorrow (end of week news) or Monday (Jay's Monday effect). Whatever high is hit (probably 1500 or more) will set a high for the rest of next week.

That does not mean that 1500 will be the all time high, or the YTD high or whatever high. It just means that there will be a lot of selling around 1500 and you can make a reasonable profit.


Mtl JP  15:36:58 GMT - 06/11/2020  
EURO 1.1495 YTD HIGH
early March


Mtl JP  15:31:44 GMT - 06/11/2020  
 
SnP 3083 - dingding dingding
doom doom doom doom


HK Kevin  15:05:35 GMT - 06/11/2020  
Watch USD/CAD up 150 pips today. Lonnie is sometimes a prelude of USD strength or weakness


HK Kevin  15:00:53 GMT - 06/11/2020  
EUR has tested 3 times the trendline resistance of the upward channel at around 1.14. Risk of downside is imminent


Minneapolis DRS2  14:57:28 GMT - 06/11/2020  
Do you mean 1395? Or are you really talking about 1495?


Mtl JP  14:17:18 GMT - 06/11/2020  
see IF euro closes N of 1.1495


Dubai MA  13:52:40 GMT - 06/11/2020  
Did someone just wake up to the Brexit risk (see eurgbp)


Mtl JP  13:13:41 GMT - 06/11/2020  
..."does anyone still care about the covid-19 stuff?"...

players, apparently, do
koreans and some US states are seeing an uP count in new cases


Israel  MacroMicro  11:23:53 GMT - 06/11/2020  
jp

USD/CAD range idea for US session?

TIA


haifa ac  10:52:20 GMT - 06/11/2020  

U.S. DEATHS: 112,924...
more that Korean, Vietnam and Gulf wars combined
Almost as WWI deaths (116.000)

who would have thunk that this will look insignificant compared to the crimes of Robert E Lee , Churchill and Clark Gable.


london red  10:42:05 GMT - 06/11/2020  
brent holding up pretty well considering...i wonder if the merikans sell it off once they come in. 35-36 bucks seems about right for a pullback in line with other assets.


Mtl JP  10:36:22 GMT - 06/11/2020  
96.10
-
DLR altho sub 96.50 earleir S, it is still holding above 96
puppy needs to break that if it is to have a crack at
94.65 the early march low


kl fs  10:15:11 GMT - 06/11/2020  
yeah damnguaranteed more and bigger waves coming...about time mother nature rebalances things, need to get rid of some of the human population


Minneapolis DRS2  10:00:58 GMT - 06/11/2020  
After all the rioting that has taken place in the US, does anyone still care about the covid-19 stuff?

Here in the upper midwest, people have no appetite for "reinstituting earlier precautions" after all the s*** that just went down.

From a financial and trading perspective, it might be more practical to worry about the effects of an economy that is draining of actual participants.


AT Trader john  09:55:24 GMT - 06/11/2020  
One other thing to watch is worry about a second COVID-19 wave in the U.S. There have been a number of outbreaks in states not earlier affected. It might be time to re-institute some if the earlier precautions. People tend to have short memories...


Mtl JP  09:53:24 GMT - 06/11/2020  
john 09:38 and so-far apparently not putting much reward into
“We’re not thinking about raising rates,” Fed Chairman Jerome Powell said in a press conference. “We’re not even thinking about thinking about raising rates."


london red  09:40:12 GMT - 06/11/2020  
standing still is going backwards. this is what powell has conditioned mkt to. no new action is seen as a negative. but they will do more going forward so its still btfd c 3k.


AT Trader john  09:38:35 GMT - 06/11/2020  
Good Question Re:Powell. He might be wondering himself. His message seemed to be yesterday that the economic recovery would be gradual. It has taken the markets a while to digest what he said. Note in the table below that interest rates and equities have fallen. There has probably been too much euphoria in stocks? All I can suggest is to play this by ear.


Minneapolis DRS2  09:38:18 GMT - 06/11/2020  
Why does the sun rise in the morning?

Why does the moon come out at nite?

The market is throwing you peaches! Enjoy them and make the trade already.

And if you really want to know what Jerome (I love how we're all on a first name basis with some guy we haven't met) is up to, he's pulling whatever levers he has to in order to keep the financial structure from falling down. We are all still here to enjoy those peaches, so no...he didn't do anything wrong.



Mtl JP  09:26:29 GMT - 06/11/2020  
 
RISK-OFF
did jerome do not do nuff,
did he do something wrong ?


AT Trader john  09:09:30 GMT - 06/11/2020  
Thursday RISK-OFF
DJ: 26,973 -636
SP: 3,128.1 -60.1

2-yr 0.169% -0.1 bps
Spread 10s-2s +51.8 bps (+57.3bps)

10-yr
US: 0.687% -6.1
UK: 0.221% -4.8
DE: -0.387% -5.6

EURUSD MACRO TREND: STRONGLY HIGHER
Spots (Pivot Point prev day)
EURUSD 1.1386 (1.1377)
GBPUSD 1.2698 (1.2757)
EURGBP 0.8965 (0.8910)
USDJPY 107.12 (107.35)

THIS Week 1.1422-1.1242 (180 pips)
thu: 1.1395-1.1325 (70)
wed: 1.1422-1.1328 (94)
tue: 1.1365-1.1242 (118)
mon: 1.1320-1.1269 (51)
fri: 1.1384-1.1279 (105)


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20-day avg: 1.1062
50-day avg: 1.0940
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Mtl JP  08:55:57 GMT - 06/11/2020  
an update coming up:
according to concensus expectation
11/06/20 12:30 A US Weekly Jobless con: 1.55mln pre: 1.877mln


AT Trader john  08:54:29 GMT - 06/11/2020  

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Thu 11 June 2020
A 12:30 US- Weekly Jobless
A 13:30 US- PPI
Fri 12 June 2020
A 08:30 GB- Output, Trade, GDP
C 12:30 US- Import Prices
AA 14:00 US- Prelim Univ of Michigan




london red  08:09:02 GMT - 06/11/2020  
nxt gap 3080. last pullback around 200pts which puts this one in 3000-3100 zone.


Mtl JP  07:56:36 GMT - 06/11/2020  
 
SnP 3132/30 = S
ahead of a hole


AT Trader john  20:05:59 GMT - 06/10/2020  
LATE Wednesday DJ: 26989.99 -282
SP: 3,190.1 -17.0

2-yr 0.181% -2.5 bps
Spread 10s-2s +57.3 bps (+60.0bps)

10-yr
US: 0.754% -7.5
UK: 0.257% -1.2
DE: -0.337% -0.6

EURUSD MACRO TREND: STRONGLY HIGHER
Spots (Pivot Point prev day)
EURUSD 1.1381 (1.1377)
GBPUSD 1.2753 (1.2757)
EURGBP 0.8922 (0.8910)
USDJPY 107.17 (107.35)

THIS Week 1.1422-1.1242 (180 pips)
wed: 1.1422-1.1328 (94)
tue: 1.1365-1.1242 (118)
mon: 1.1320-1.1269 (51)
fri: 1.1384-1.1279 (105)
thu: 1.1362-1.1195 (167)


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How To Turn Your Forex Trading Into A Business

20-day avg: 1.1062
50-day avg: 1.0940
100-day avg: 1.0965
200-day avg: 1.1017

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AT Trader john  17:02:18 GMT - 06/10/2020  

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

AA 18:00 US- FOMC Decision
Thu 11 June 2020
A 12:30 US- Weekly Jobless
A 13:30 US- PPI
Fri 12 June 2020
A 08:30 GB- Output, Trade, GDP
C 12:30 US- Import Prices
AA 14:00 US- Prelim Univ of Michigan







Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


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