was a mere penny from putting that chart at a quadruple top. Has its own ring of being rigged. With CME above the 20 day and above the 5 day and above the 5 day on the weekly, it is primed to take out that triple top tomorrow and shoot for 74.50 to get rid of your 3 box. How about those S&P's just a tick away from all-time highs again.
Not sure why you're thanking me? I did say the other day that we will have a roll in treasuries and its now just getting started. Even tho the last couple days were slow (waiting for the stupid fed minutes) to date volumes this month are still up 17% YOY. Now I guess the market will sit on its hands waiting for fed head over at Jackson Hole on Friday for whatever thats worth.
Good deal BIG D. Bet you really happy your almost done with all that. Rollin rollin rollin keep them apples rollin.......
to defend his sorry tanned ass.
No matter when I would have bought that ICE I would be sick looking at the point chart. Even if I bought it at the end of 2012 only now to see it erode which I is why I said to that other poster, ICE could just go to the middle of the range between 122 and 224 to take it into the 170's to maybe regroup down there? Nasty channel with only 1 buy signal below the line...... but it hasn't made it easy to make money on the sell side or the buy side. Chop chop.
Was looking at it earlier. Not easy to find things positive to look at. I know you meant triple top at 74.25 and to break it a trade of 74.50 would be needed and if that should happen, then that gets rid of the 3 box on the 50x150.
There is always something taking us for a ride, and usually not a good one isn't it? ICE down almost 18% this year. Couple more percent and its bear market over there.
Didn't see your post before I posted on ICE. Welcome to the commodity business and its volatility. ICE is in a down channel this year which is working off huge gains from 2013. It if goes to the middle of that range the mid 170's could be in the cards. Nothing technically bullish to turn it around and there are negative vibes by many brokerages with lower price targets.
it sits here now just waiting for wednesday's yelling yellin fed minutes. But, you got a 14 year high in the nascrap. That ought to tee off those sellers some more.
Me boo but I think you would have a better chance of getting your birthday dinner for $50.00 and not $225. 00 dollars but we know that neither are going to happen. Thats nearly a $1.20 move for one day, and no way. You could see it struggle on the 3 box at the 20 day moving average. As it is right now CME underperforming its peers so it needs to kick is rear in gear.
I had said that I was looking to buy them, which, as it turns out, would have been right near the lows. But, I did nothing. Could have put a few on but felt I needed a bigger dollar commitment to them so I just sat it out. You know Poles, in today's world, its every one for themselves when it comes to cooking. Although the women got that job in the past, they have long given that up and would rather make reservations at a restaurant. With that, you were lucky. The S&P's, sure, watch them everyday always looking to keep the thoughts fine tuned but not so much to put trades on it. I think the S&P's with your short term discipline should be right up your alley, just trust those charts. For CME, while it has a high pole on the .50 by150, its common for it to do that, maybe go sideways for a bit, and then rally out of it. Will see and we will have a good week, hows that sound. This week, its fed minutes on Wednesday, which, won't say a thing but as usual it will slow down especially on Tuesday and Wednesday morning.
Sounds like you had a real nice time and a nice dinner. I guess today people aren't used to seeing thin males anymore. They are just used to seeing the heavyweights. Your weight is steady and thats great. Can never go wrong having lemons and lemon juice moreso with fish. These days I have kept the beef meals to once a week maybe and I do eat fish 2-3 times a week. Yeah we have had only a few 90 degree days ourselves this summer. I am just concerned that maybe it leads to another bad winter and last winter was to me, as bad as it gets. Oh, before I forget, you asked if there was a roll this month. Yes, the interest rates will roll from the Sept contract into the Dec contract. I find it too difficult to keep up with any of the other rolls that go on. Interest rate swaps, your best bet is to go into the CME site and in the search box type in interest rate swaps. From there you can look to the topics listed for the fee schedule. Its too involved to try to explain but I can say that the longer maturity swaps have the highest commission. From the 1 year to the 30 year swap the rates go from $2.50 per million to $24.00 per million. There are volume discounts that can apply and there is also an alternate fee schedule. In addition, there is an annual maintenance fee of $2.00. My thinking is that "if" CME's book of business can get big enough through increasing open interest that the money to be made will be on maintenance fees and through swaps that get renewed upon maturity. To thats where I say that this thing is evolving. Many more Happy Birthdays to you and lets see if, as time goes on, that this swap business can mature into something that brings cash flow to us shareholders.
Its a beautiful sunny day here Poles and its been a wonderful summer, nice and cool. S&P's still up on the week and still above the 5 day. I don't think they will sell them on the close but that remains to be seen. The Swaps market, its evolving. CME I think still has Zack itis and my guess is that they are still selling it. But really, who cares. We are having a good month and it looks to continue.
Me either but I am on the Ukraine side. Look at all the invervention America has done and they, the Russian, let us do it.