Thread: Geaux4it's Account Talk

I have an explanation why the markets are up today.

It was a group effort.


Kumbaya.jpg

I like to keep an eye on the VIX as so it goes for the most part, so goes the market. The below chart from the last 3 months of the year appears to support that train of thought.


VIX vs Dow and SP 500 A.png

Today is good on 2 fronts.

Claims report hopefully continues the trend to Obama's defeat in November. Plus the market may be thinking QE3 again. /\ /\ /\

-Geaux

It's The Fundamentals, Stupid! | Zero Hedge

It's The Fundamentals, Stupid!

I think you are right on the money. Fed says it might taper to take the air out of the equities but realizes it has no other option but to continue QE.

Nice chart, good to see you Geaux4it......been awhile!

Originally Posted by GrandeBabbo

I think you are right on the money. Fed says it might taper to take the air out of the equities but realizes it has no other option but to continue QE.

Follow the money

-Geaux

Originally Posted by Frixxxx

Nice chart, good to see you Geaux4it......been awhile!

Thanks- More of a lurker than a poster

-Geaux

Headlines today, 'Market down as concerns over Taper prevails'.

Goes to show just how dysfunctional this market is. Last Friday's job report also brought 'concern' of taper yet the market spiked ~1%. Today, taper concerns causes a sell-off.

Check

-Geaux

Sitting on the fence today in 25/25 C&S. Before my 0830 meeting I will have to make a decision. If the market is chopping along then its sale central. If we can't rally with CATS good numbers, and taking into consideration last weeks chaos, then I think we could see a more broad move to the downside through the end of the month.

-Geaux

Well I decided to hold my 25C/25S/50G position as we have been chopping along here. With the positive GDP report this morning, I am leaning toward increasing my positions in the C&S (1 IFT left for the month) because I feel they are way over sold. But my question is when does the 10 year start to awaken. It's recent opposite direction is puzzleing. The whole house of cards is in flux...

-Geaux