tag:blogger.com,1999:blog-8084606426992105990.post4576812620547489570..comments2023-10-29T06:32:19.009-04:00Comments on The Keystone Speculator™: Keystone's Morning Wake-Up and Midday Market Action 10/15/13; Shutdown Day 15; Debt Ceiling Limit 2 Days Away; C; JNJ; KO; CSX; INTC; YHOOKeystone Speculatorhttp://www.blogger.com/profile/15343512310307344717noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-8084606426992105990.post-78556748850800321702013-10-16T07:18:17.342-04:002013-10-16T07:18:17.342-04:00Deal should come today. Senate back in the lead so...Deal should come today. Senate back in the lead so a deal is anticipated on their end this morning, McConnell (republican leader in Senate) always folds. Thus, the bill should go to the House and Boehner will likely put it up for a vote and it will pass. The House drama is likely giving voice to folks who want to see fiscal responsibility but everyone is so hooked on Keynesianism the can-kicking will win out. So it is all theatrics and drama for the politicians as regular folks are hurt. So it should be over by, say, midnight tonight, however, possible tripping points are, one, the Senate cannot agree on a deal today (unlikely), and two, Cruz or others may filibuster the Senate bill which will not allow the bill to leave the Senate and will stretch the drama into next week. It is nauseating.Keystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-23932309432041517832013-10-16T04:56:12.110-04:002013-10-16T04:56:12.110-04:00I have my stop at 1710 ESZ13 (e-mini sp december 2...I have my stop at 1710 ESZ13 (e-mini sp december 2013 contract). <br />And I'm really serious about that.<br />1710 ESZ13 can't be touched - only if the trend is back to new highs in the 1800's! <br /><br />Hope you see my point! <br /><br />V.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-4581380119844879462013-10-16T03:37:00.415-04:002013-10-16T03:37:00.415-04:00NSA, CIA and FBI should analyze Mr. Boehner's ...NSA, CIA and FBI should analyze Mr. Boehner's profile as what he (and his party) is doing is minimizing the US world-wide role.<br />Expect others (Russia, China) to profit! <br />And not because they are better than us, but because our political system is dysfunctional right now! <br /><br />http://www.telegraph.co.uk/news/worldnews/us-politics/10376017/World-should-de-Americanise-says-China-following-default-fears.html<br /><br />Mr. Boehner, STOP WORKING AGAINST USA INTEREST AND SET A DEAL NOW! <br />MILLIONS OF PEOPLE DON'T GO TO WORK BECAUSE YOU'RE A BONER! <br />Let all those people work! <br />They have mortgages, they have to feed their children and you and your fellows are playing games betting on/against USA common peoples lives! <br /><br />MAKE A DEAL NOW!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-50200707069908441242013-10-15T16:05:34.123-04:002013-10-15T16:05:34.123-04:00Well, the Empire is watched closely but it is typi...Well, the Empire is watched closely but it is typically not a market mover. There are several manufacturing indexes that report different regional activity. The number missed consensus. Typically, the business networks will pump the good news and drown out any bad news. This is because they survive on ad revenue and companies do not want to pay for ad space on a channel that has Gloomy Gus stuff on it all the time. So the commentators are cheer leaders and pump the optimism to keep the ad revenue coming in. Everyone has a master.Keystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-39374423693404489612013-10-15T16:01:01.815-04:002013-10-15T16:01:01.815-04:00Mark summed up things nicely. You have to watch th...Mark summed up things nicely. You have to watch the volume numbers to see how thinly traded stocks are since that will affect the price levels you can enter and exit. Rare earths are important for all the fancy smart phones and such so perhaps the global sales of all the electronics is slowing. Have not had a chance to see what exactly is going on there. On the other side, iron ore and met coal are rocking higher.Keystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-82005406926221780762013-10-15T15:58:38.782-04:002013-10-15T15:58:38.782-04:00Yep, complacency remains in place. the CPC and CPC...Yep, complacency remains in place. the CPC and CPCE put/calls remain complacent but the CPC spike to 1.3 did identify the market bottom. CPCE has remained firmly complacent. The VIX is up over 18 which does show more worry entering the market but relatively, it remains tame. Over 20 will turn up the fear, over 30 will indicate a market bottom near. If VIX spikes over 30 to 40, 50 and higher, it will be a short-lived event and that is when you buy the market long since the proverbial blood is in the streets. Anecdotally, the commentary by pundits and analysts remains bullish. David Tepper of Appalllosa was telling everyone to buy with both hands today at SPX 1710.Keystone Speculatorhttps://www.blogger.com/profile/15343512310307344717noreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-20668347918313562572013-10-15T15:02:44.432-04:002013-10-15T15:02:44.432-04:00Isn't there a rather silent response on the bu...Isn't there a rather silent response on the business networks to the Empire Manufacturing Report of this morning?<br /><br />SeanAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-42615748372178918072013-10-15T15:02:02.130-04:002013-10-15T15:02:02.130-04:00Anon,
REE is a microcap stock, designated as an ex...Anon,<br />REE is a microcap stock, designated as an exploration company. There's not a large enough float on these type of stocks to get meaningful technical data. For example, a single shareholder can dump his stock, creating a watershed. The float is just that small. There's also not enough financial data on these companies to be able to trade on fundamental data. It's just not there. A single mineral lease going bad can turn the stock on its head. If you want to pick up one of these companies as a purely speculative play, then you just have to be willing to hold it. You'll lose your butt trying to trade a stock like this on TA.<br />Mark Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-76432769412792396992013-10-15T14:54:03.842-04:002013-10-15T14:54:03.842-04:00V,
I hope you're not make that bet on the H&am...V,<br />I hope you're not make that bet on the H&S alone. If it's a coincident indicator for you, fine. But H&S melts upward all the time. If your other battery is working for you, then fine. But going short off of H&S alone seems crazy to me.<br /><br />MarkAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-89537248254270517892013-10-15T14:09:12.975-04:002013-10-15T14:09:12.975-04:00KS,
Rare Earths getting hammered today, bad hammer...KS,<br />Rare Earths getting hammered today, bad hammered. What would you say is the catalyst for such a dramatic sustained selloff over last couple of weeks? REE MCP .....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-64759343804812545462013-10-15T14:00:09.102-04:002013-10-15T14:00:09.102-04:00Thanks. I'm less familiar with CPCE. Will stud...Thanks. I'm less familiar with CPCE. Will study more closely.<br /><br />Also I see my earlier post had a typo - the 1.71 CPC index reading was this morning, not yesterday. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-57336683725196548202013-10-15T13:40:58.861-04:002013-10-15T13:40:58.861-04:00cpce is 0.59 which is under 0.80cpce is 0.59 which is under 0.80Amynoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-43686143269155536632013-10-15T12:53:45.076-04:002013-10-15T12:53:45.076-04:00Amy, which complacency indicators are you looking ...Amy, which complacency indicators are you looking at? TRIN seems like the only complacency indicator warning of a sell-off. TICK and NYAD don't seem to indicate complacency at this point. CPC-X Put Call volume ratio (which was signaling complacency recently) spiked to 1.71 and later 1.42 yesterday, which to me indicates the opposite. VIX seems jumpier than it has been. So, I see more fear than complacency. <br /><br />What am I missing?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-34687318968904011392013-10-15T12:25:58.720-04:002013-10-15T12:25:58.720-04:00I'm feeling kinda head and shoulder'ish on...I'm feeling kinda head and shoulder'ish on the spx 1 day chart :) .... all my money are on shorts starting right now.<br /><br />V. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8084606426992105990.post-84946262634622117362013-10-15T11:35:19.707-04:002013-10-15T11:35:19.707-04:00Wow! the market is so bullish even Boehner gives ...Wow! the market is so bullish even Boehner gives no signal on debt-ceiling bill. Looks like everyone is in a complacent fearless stage:)Amynoreply@blogger.com