Home > June 2012 > Trading Diary June 28, 2012…could get wild.

Trading Diary June 28, 2012…could get wild.

June 28th, 2012
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Shanghai Comp is down a bit, Shanghai Futures are up a small bit. China is talking about direct trade of CNY with Australia, which would decrease the need to use US Dollars in their trade. Spain is testing the 7.00% level on the 10 year bond. In the start of the Europe Session we have Oil at 80.39 (remember 80.33 is the KEY number). Eur/USD sitting at 1.2503 (which 1.2500 is the KEY number), Aud/USD at 1.0113. But with Obama Care on tap and the EU meeting, this is just a chop as we wait.

June 2012

  • Trading_Nymph

    Well NYSE advance-decline volume closed just a “thick pencil” line above the resistance point. For today we could have REALLY large moves…Support is at
     -749,000,000 and resistance is 1,051,000,000…if we fail to move big, then 91,000,000 to sit and wait.

  • Trading_Nymph

    German Unemployment missed estimates, which is rare, seeing a build in unemployment…WIESBADEN – In May 2012, a total of 41.5 million persons were in employment whose place of residence was in Germany. The Federal Statistical Office (Destatis) also reports that the number of persons in employment was by 552,000 higher than in the same month a year earlier. The number of unemployed was about 2.32 million in May 2012, which was a decline of about 98,000 from May 2011.
    According to provisional results of employment accounts, the number of persons in employment rose by 1.3% in May 2012 on May 2011. The growth rate thus was slightly lower than in the months February to April 2012 (+1.4%). Compared with April 2012, the number of persons in employment was up by 107,000 or 0.3% in May 2012. After seasonal adjustment, that is, after the elimination of the usual seasonal fluctuations, there was an increase of 37,000 people (+0.1%).
    According to results of the labour force survey, the number of unemployed was down by 4.1% in May 2012 on May 2011. It declined by 98,000 to 2.32 million. Compared with April 2012, the number of unemployed increased by 132,000 people or 5.9%. When adjusted for seasonal and irregular effects, the number of unemployed remained unchanged at 2.34 million compared with the previous month. The adjusted unemployment rate was 5.6% in May 2012

  • Trading_Nymph

    Eur/USD dropped to 1.2430

  • Trading_Nymph

    with German Ifo and unemployment numbers it really looks like Germany has hit its peak and is fading. PMI’s confirms that too. ECB could cut rates next week? Doubt it.

  • spit

    Could be a Wow Nellie day …waiting for SWHC earnings….long [RGR. also]

  • sub

    Is there a lawyer in the house?

  • Trading_Nymph

    Sub….You called for a Lawyer? lol….I am just laying in bed waiting for EU. Eur/USD at 1.2427

  • Trading_Nymph

    Iron, I am amazed so many bought your CRR on the dip today. WTI Oil broke support of 80.30 and sitting at 78.29

  • Trading_Nymph

    Our Bond Auction was a D again….looks like the eu meeting may just give us bond buying in Italy/Spain Auctions which the ESM allows already.

  • Trading_Nymph

    Start of next week, IMF will be over in Greece to see about a possible renog over bailout terms.

  • http://pulse.yahoo.com/_BYIE4IB7HKSGYHBPVW6MT4DEIE Iron

    With CRR being a pretty pure fracking play many are looking long term.  The short term oil price swings are opportunity price points in their view.

  • Trading_Nymph

    Iron we have Oil Supplies at 22 year high levels and the “Threat of Iran” fading fast…either they make a deal on July 3 or the Embargos go into place July 1 and Isreal doesn’t attack them…either way, I expect a sell on the news if I was a holder of much speculative oi. 73ish is the next support level to watch.

  • Trading_Nymph

    Waiting for EU meeting…I should do my daily homework, which I have been skipping…Central Bank Analysis
    Bank of Japan..

  • http://pulse.yahoo.com/_BYIE4IB7HKSGYHBPVW6MT4DEIE Iron

    I think that the question to ask about CRR is…….will there be a continued increase in fracking and will CRR hold a steady or improving market share?

    If the answer is yes……then the price point question is the next step.

    This is one that I could see holding for ten years, if the buy price was right.  

  • http://pulse.yahoo.com/_BYIE4IB7HKSGYHBPVW6MT4DEIE Iron

    As I type I am down about 64 bucks on the day.  Not too bad with a 30% equity position and no shorts.  (Of course I was left in the dust during the runup!)

  • Trading_Nymph

    Very Good Iron! I wish I had all the years in that you have following this market. I am celebrating my fifth year since I stumbled onto Stockpickrs without a clue what a p/e was. This has been one massive learning curve.

  • http://pulse.yahoo.com/_BYIE4IB7HKSGYHBPVW6MT4DEIE Iron

    The number of bone headed errors I have made over the years is a pretty long list.  Now, not so much.  I just stay within my game or don’t play.  I might not win big but I cover my downside pretty well. 

  • Trading_Nymph

    You are a pro Iron…btw, where is Baron??? Probably with his Angry Traders, lol.

  • Trading_Nymph

    I am watching Twitter, UK tele live blog, ft live blog for EU gossip..at this point they seem to be fighting over Patent Office locations fwiw.

  • Trading_Nymph

    Something spiked the HFT’s, I can’t find it

  • Trading_Nymph

    Per Jamie, It was a big order that did it…Supposedly 60,000 E-mini S&P futures were hoovered up in one go.

  • Trading_Nymph

    End of the day and we have eur/usd at 1.2447 and AUD/USD at 1.0041..for positions we have Change% ChgChart AUY14.98-0.22-1.45%Yamana Gold, Inc.DRR49.06+0.28+0.57%Market Vectors Double Short Euro ETNFXP29.84+0.29+0.98%ProShares UltraShort FTSE China 25SMN17.83-0.07-0.39%ProShares UltraShort Basic MaterialsVXX16.28-0.53-3.15%iPath S&P 500 VIX ST Futures ETNFAZ24.44+0.07+0.29%Direxion Daily Financial Bear 3X SharesGIVN15.61-0.04-0.26%Given Imaging Ltd.

  • Trading_Nymph

    bye

  • baronadv

    i am here…had a bunch of meetings today…bad day to give up sniffing glue

  • Trading_Nymph

    lol….Airplane was a classic

  • Trading_Nymph

    End of the day, the NYSE advance-decline volume was a mere 45,000,000..a sideways move was around 91,000,000(first post below)..so another “thick pencil” sideways move…bias is still to the upside but omg it is getting weak.