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Trade War Fears
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Trade War Fears

by The MoleMarch 7, 2018

The MSM hasn’t exactly been short of clickbait lately as one supposed global crisis is chasing the next. But suddenly a purported ‘trade war’ between the United States and China is all rage now, and I mean that in the literal sense since everyone seems to be getting their panties in a twist about an issue that in my not so humble opinion has been on the forefront of Chinese/U.S. relations for many years now.

At the same time the loss of about 50,000 factories and the impact on U.S. employment since NAFTA took effect on 1/1/1994 apparently has never been worth much media attention. And sure, of course there are various arguments challenging that perspective. And not being an economist by trade nor ambition my simple response would be: Just take a trip to Baltimore or Detroit and talk to anyone you meet in the streets. Then come back and let’s go over your gripes with the fact that U.S. workers have been squeezed hard over the past few decades.

Whether or not import tariffs on steel and various other products will be a net negative for the U.S. economy and labor remains to be seen. But what clearly does not work is business as usual as has been practiced without care or regard for workers and their families over the past quarter century.

Anyway, be this as it may – all that clickbait cost me a perfectly well running E-Mini campaign. I got out at about 2R in profits which is fine but a long shot from where it was yesterday afternoon.

If I wasn’t leaving tomorrow I would be tempted to grab a long position here but looking at the mess of the past few weeks on the short term panel makes me appreciate the fact that we’re banking profits in equities in the first place. And I’m not going to push my luck ahead of my little trip.

Plus the Dollar keeps dropping (and by extension the EUR is rising). Suffice to say I am not amused.ย Look at that hourly panel and share your thoughts if you would. All I’m seeing is a market turning on a dime on various ย fronts. Could lead to quite a bit of ugliness if buyers don’t start taking shit seriously instead of chasing every single headline. I know, I know – who am I kidding?

Tired Of Winning?

Seems to me that market participants are tired of winning, but not in a Trumpian fashion. Maybe after a ten year bull market investors are subconsciously longing for a big market correction wiping out a big chunk of their assets in the process. A growing cultural malaise that now seems to be seeping into our financial markets as well.

I say bring it on! Bring on the pain! Honestly I’ve grown sick of all the snow-flaking and imaginary threats lurking behind every corner. Some cultural crisis or scandal chasing the next all across the Western hemisphere. A mindset apparently prevalent among a generation that has had the luxury of never experiencing war or true hardship (yes I know there are exceptions). No sweetheart – losing WiFi access or a shortage of soy milk at your favorite Starbucks does not constitute a personal tragedy. Again my previous advice applies, take a road trip to B-more or Detroit and we talk.

So hey, what’s with all the bitching? First up a bit of venting here and there is healthy. But I’m trying to make a point and for once it’s more anthropological than down to business and technical. Although I pride myself as being a no-nonsense kind of guy there are times when you have to heed those intangibles, the nagging voices in the back of your head (your mileage may vary based on your lithium dosage).

Look, we obviously don’t live in the 1990s anymore. Things have changed quite a bit, and perhaps I’m a bit jaded but to me it feels like as if the whee are coming off. I actually think what we all desperately need actually is a large market correction, a big cleansing of sorts. There would be a lot of pain in the short term but I think we all would be better off over the long term. Let’s just get it over with and then look forward perhaps with a bit of hope and optimism in our hearts. Too much to ask? Probably.

Alright let me climb off my soap box. My crude campaign was also rudely interrupted at about 0.6R in profits. Grrrr… ย Okay, a win is a win – we executed perfectly and perhaps we trailed a bit too early. Here as well a re-entry would be on my radar but as I’m traveling tomorrow I don’t want to worry about open positions.

Now gold for one is behaving well and I just moved my stop to break/even. I really like that formation and I got big plans for precious metals going forward. Especially if equity traders continue to screw around as discussed above.

What do ya know? The ZB campaign just got another lease on life and has reversed upwards breaching my entry range. That’s very positive but it’s time it’s getting out of the gate.

Alright, this will be my last post for this week and per the above it looks like I clearly need a vacation! Scott has promised to post here tomorrow and as often as he can over the next 10 days or so. No worries – I’ll be popping by as well but don’t expect extended contributions as I’m working off a lappy and being spoiled by 30 glorious inches of screen estate over the years my perspectives will be more narrow.

And yes, once again all services will run as usual, no worries. If you run into any trouble/issues then just email me at admin@. See you once I’m settled near my ocean hide out.

 


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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  • Mary

    speaking of detroit …

    https://goo.gl/images/jMvk8o

  • Mary

    strong men create good times …
    good times create weak men …
    weak men create bad times …
    bad times create strong men …

  • https://evilspeculator.com Sir Mole III

    WOW….

  • Tomcat

    Mole, you actually need to visit Detroit again, because its no longer what you are describing above, Barron (yeah I know the Trumpster supporters will “think” this is fake news) had a really good article about the revitalization of Detroit (http://www.wsj.com/podcasts/barrons-buzz-detroit-is-thriving-again/96CF94E3-247E-48C3-AAF3-EC99507BA042.html) another “fake news” source NY times had one also. I have 5 clients there and visit a few times a year. The city has turned around, no longer solely dependent on the auto sector, there are so many tech jobs and talents there now. I have recruited half a dozen IT Sec guys there who are simply brilliant. My boy Gilbert is investing billions of dollars in the city as well.

  • Darkthirty

    Great rant, I agree 100%. I believe the majority of the unease is due to the lack of consequences and or truth. Been humming in my head like a bad high tension transformer for years……………

  • Yoda
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Baltimore has a rising income,
    I don’t see the problem.
    bastards should stop buying latte’s.
    ๐Ÿ˜‰ (GG ducks)

    https://fred.stlouisfed.org/series/MHIMD24510A052NCEN

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Tomcat

    Got a decent fill at 2695 last night to cover my short courtesy to the Puppet in chief. We gotta change the VIX to the Trumpster Index.

  • Darkthirty

    Got a 3X, had a hell of a time getting rid of them though………………

  • Lugman

    Got out of gold. Looking at bigger picture (daily) I realized I’d rather be short than long.

  • Tomcat

    you mean an ETF/ETN?

  • Darkthirty

    e1ch8 options, pretty thin

  • Tomcat

    That looks like a futures option, which I am completely clueless

  • Darkthirty

    SnP Emini options that expire today at 3:00. Scalp trades ……….

  • BobbyLow

    I should be shorting Crude right here at 61.70 ish but with the EIA report coming up at 10:30 I’ll wait for an hour to see what price is doing then.

  • Tomcat

    I hear you BL, I again didnt get a fill on S $RB and this time by 0.0014. I probably shouldnt be so stingy with my entries and exits. I like round numbers though, always have.

  • phantomflash

    Yes, by all means go to Baltimore and Detroit. Then go to Mexico City and Monterrey (and Mumbai), and see how American union workers have priced themselves out of the world market. We’re paying for our past prosperity, and the adjustment (the inevitable wage equalization) has been tough. It would be a lot worse without the job boost provided by NAFTA. Losses in some areas have been mitigated (although not completely solved) by gains elsewhere. Wages have already risen in developing countries, and someday they will be close enough to U.S. wages that this won’t be a big issue any more. In fact the trend has already started to reverse. Meanwhile the government can certainly justify aiding displaced U.S. workers, but has been rather ineffective in doing so. Protectionism would lose more jobs than it would save.

  • BobbyLow

    As someone who is not a big fan of NAFTA and who is also not a fan of Trump, I’m concerned that we’ll end up in a political discussion that will turn to shit very fast. You make some valid points. However, I hope we can stick to the markets.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Julie,
    INTC still climbing. expected peak – Mid-March.

    https://evilspeculator.com/fork-in-the-road-friday/#comment-3772756476

  • BobbyLow

    Looks like a slight drawdown in crude but nothing to write home about. Going to see what price does for the next 25 minutes. The price action during the first few minutes following the report’s release is usually BS.

  • Darkthirty

    The problem in the US is easy welfare. I start grunts at 15, and they just want to watch. Meanwhile, the working people have to deal with the food inflation caused by EBT. If not for EBT a lot of groceries would rot on the shelf at current prices. Welfare, in toto, should pay less than minimum wage………………

  • Tomcat

    crude was a built actually (albeit less than exp), gaso had a drawdown

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    that 200 hourly, looks like a good line in the sand.
    I know how ‘binary’ you can be.
    ๐Ÿ˜‰

    https://uploads.disquscdn.com/images/fc1137253fb0bc77f307dce0c74b356509b45760d2ba97b196f5a9833314cdb4.png

  • Tomcat

    There is a good book that talk about the globalization and the impact of it in US economy. The world is flat.
    https://www.amazon.com/World-Flat-History-Twenty-first-Century/dp/0374292884

  • BobbyLow

    Could be wrong but I’m reading 2.6 Million Forecast and 2.4 Million Actual

    https://www.forexfactory.com/calendar.php#detail=86276

    10:30am USD
    Crude Oil Inventories
    2.4M 2.6M

  • Tomcat

    Correct, +2.4MM

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Tomcat

    NO, wave 4 of 5 or ABCE

  • BobbyLow

    I worded it wrong and should have said that the build was not as big as expected. I need some more coffee! ๐Ÿ™‚

    But this is why I won’t open a position just before the report comes out. My signal to short at $61.70 was faulty to say the least.

  • Tomcat

    Yes, agreed, build/draw its hard to predict how price will react. Best to wait for price confirmation

  • BobbyLow
  • HD

    absolutely criminal what they did to the bulls last night. It’s a news driven market with a shelf life of hours not days apparently. So the white house had a wall street dude on the inside and now he’s gone. There is probably a very short list of GS exec’s to fill that ASAP.

    SPX gap R on deck.

  • HD

    Sweet! are harmonics acceptable here? I mean it’s basically a rip off of EW ๐Ÿ™‚

  • Tomcat

    For every loser there is a winner even though its mostly random.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    what? you expect a club of girl scouts? (forget the fact that their cookies are better than cocaine)

    https://media0.giphy.com/media/xTiIzBSwIq6344i0JG/giphy.gif

  • http://www.captainboom.com/ captainboom

    The US fireworks manufacturing industry has pretty much gone to shit since trade with China opened up after Nixon’s visit. I can count the number of display fireworks manufacturers on two hands, and there are zero consumer fireworks manufacturers left in the US. As a result, almost every fireworks display you see in the US is 100 percent made in China. There may be a few US shells, or a few imported from Europe, but not many, and I’d argue that *no* US show is ‘all American made shells’. It simply isn’t cost effective, in part due to the cost of regulatory compliance in the US.

    With that as background, fireworks from China are now becoming much more expensive, in part due to wage increases in China. We are seeing 7 – 10 percent increases on many items this year, with some being as high as 50 percent. There have been rumblings in the industry for a few years, starting to look for other countries to import from, but there’s a unique supply chain and skill set that is needed in order to get good quality fireworks, and most places don’t have that in the scale needed for the US market. I think my industry is heading for some tough times, as I’m not sure the smaller show buyers or the consumers will be able to absorb the price increases without concurring budget or wage increases.

  • ridingwaves

    think 2008, fannie and freddie are deemed insolvent, market drops 600-700 points, 3 days later all is well, rescue the bastard childs of finance and bammm 1000 points up…

    Interesting to look back and you will see that most of the big declines in the market are towards the latter 2 years of a decade….

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    crap.
    just plug me back in. I’m done.

    http://s3.crackedcdn.com/phpimages/article/6/3/8/89638_v1.jpg

  • HD

    last 2 years, That is a very interesting observation. Good eyes. March started w a 50 point hit and they’ve gapped it down 20 points 3 times now. It’s only the 7th. It’s almost like they don’t want anyone long. 2731 should keep us objective. In like a lion out like a lamb me thinks.

  • ridingwaves

    actually delivering the staples ala Trumps welfare plan is a masterpiece….no more gaming the system. Give folks healthy food and what they need to survive on, not grape soda and six pack of bud…

  • Darkthirty

    1-2 i-ii

  • ridingwaves

    makes sense to cash out before the dump, start the new ramp in 2021 and ride the.churn baby…

  • Darkthirty

    Hot Cheetos and grape drank….Delivered!

  • BobbyLow

    Let’s not forget about the demise of the Euro. Remember Greece? A few years ago it was Greece news 24/7 that moved the markets. This went on for at least a year. The question was whether or not the ECB was going to give Greece millions upon millions of Euros to survive or not and every day it was no and market would tank and then it was yes and the market would rally. This yes and no went on and on like a YoYo. Haven’t heard anything about Greece in a very long time.

    But as Rosane Rosannadana said “There’s always someting”.

  • Darkthirty

    NO, batwings

  • HD

    10 handle hit from SPX gap R.

  • HD

    The 0-B TL proved valuable again. HWB caught the cash market. Tuff not to be a seller. https://uploads.disquscdn.com/images/8f7223c45917e856446b58514737d4033e6a1d915e07ebe20796b53cc8eb66aa.png

  • Julie

    Sitting on hands watching and waiting RIOT still consolidating and would like to see 10.25 hold. Looking to short EXAS. Up into an upper parallel channel ; 55 ema ; lower cloud boundary and a resistance with a corrective 3 wave advance. Now overbought JULIE https://uploads.disquscdn.com/images/e8ba1b2ebe710ef75641b2e097d27344bfe6d7cc188cc3b311940f4d0175efb9.png

  • Julie

    USO 12.50 strong support . 12.68 strong resistance
    JULIE

  • Tomcat

    All this for 18 cents???

  • Darkthirty
  • BobbyLow

    FWIW, I just shorted crude via OILD and shorted XLE via ERY.

  • Julie

    NO TC Below 12.50 bearish (short) above 12.68 bullish (long)
    JULIE

  • Julie

    BL I am getting ready to short crude also
    JULIE

  • Tomcat

    NOW you have my attention ๐Ÿ˜‰

  • Julie

    Yes Sir ! TC
    JULIE

  • Mark Shinnick

    Volatility remains in a pretty tight range while range battles wear down participants. I see this that the doorway is awfully wide-open for any trade anyone could hope for. Though not positioned at the moment I’d had edge to shorts.only because volatility is holding for time being, which can’t last for too long because its actually always deflating, at which time I’d hand edge to bulls.

  • ridingwaves

    what unions? Almost every Auto OEM plant is in the south now because there are none…

  • Mark Shinnick
  • Julie

    GG In Bozeman MT last year these mom’s sold a record for Girl Scout cookies. It was on national news last year. Only in Montana JULIE https://uploads.disquscdn.com/images/f4a2840ed2267e6b99247fb6e7e39a29ac5067dab631d0a45ea34e36abdb07bf.png

  • Tomcat

    Speaking of poker, anyone remember Stu The KId. I was fortunate enough to play him in a cash game, and although he was drunk as hell, he had no problem taking all my chips.

  • Darkthirty

    all those ladies have a couple of good points

  • ridingwaves

    they are pretty tan for winter..

  • Darkthirty

    shorted at 2717

  • Tomcat

    Great job both. I never got a fill and hate chasing

  • Darkthirty

    I’d lick their tan lines…………..

  • BobbyLow

    Are you the blonde in the light blue bikini? ๐Ÿ™‚

  • Julie

    No Blonde second from right
    JULIE

  • Yoda

    Only in Montana, I guess ๐Ÿ˜‰

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Luv it.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    at least they those chose the right foot wear!
    kudos!

  • Mark Shinnick

    Looks like what we’re seeing is the near-damped-out energy of last month’s volatility.

  • BobbyLow

    I think you are trading other stuff as well so you probably have other choices. For me it’s all energy related stuff so when I want to get in, I get in at the market.

  • Yoda

    Oh we got participation in the down move. Sweet!

  • BobbyLow

    Wow! ๐Ÿ™‚

  • BobbyLow

    Boom!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • ridingwaves

    I’m under belief this is more about the 10 yr hitting 2.90 yesterday….then Cohn departure, thats the meme though…..

  • Mark Shinnick

    I’m short…..but this range thing can still go for some time…

  • Julie

    Schnee’s Boots and Shoes. A boot maker in Bozeman for over 40 years
    JULIE

  • Yoda

    Shaka laka, shaka laka…

  • BobbyLow

    How sweet it is. ๐Ÿ™‚ At least for now. . .

  • Darkthirty

    Always a story………………

  • Julie

    SPX YEAH ! What I have been waiting for along with crude SPX a bearish close below the conversion line (8) at 2718 and lower cloud boundary Go Bears ! JULIE https://uploads.disquscdn.com/images/fdc252d3a1daa3ad613a715611aae3bcc0d90cefe8497c46ec2155fa74cf165b.png

  • Julie

    Hang in there Mark
    JULIE

  • Julie

    BL Yup Hang in there Bro !
    JULIE

  • HD

    julie, nice work on the volume analysis. Not something I’m familiar with but you made it work for you.

  • Mary

    BTC selling off pretty good …

  • Julie

    Thanks HD IMO Volume is the life blood and still must be analyized
    JULIE

  • Tomcat

    Thank you for your support Julie, but the BEARS have been dreadful to watch these past few seasons although we have a good/exciting offensive lineup.

  • BobbyLow

    I try to remember that news doesn’t necessarily make the markets move. However news can and often will exacerbate a move that was either already in progress or ready to go on it’s own accord.

  • Tomcat

    Sure BL, but what hurt the most are the ones that got away

  • Julie

    TC just keep everything close to the vest. If wrong not wrong long i.e. that way plenty of dry powder. This recent volatility favors the bears
    JULIE

  • Mark Shinnick

    Very easily chop city around here; lots of equilibrium. i.e.: Discretion the better part of valor.

  • Julie

    TC You live in Chicago Go Chicago Bears !
    JULIE

  • Tomcat

    Agreed but the BEARS need to put on a vest first

  • https://evilspeculator.com Sir Mole III

    Seriously – everything is drama these days. Making it fucking impossible to hold any campaign.

  • https://evilspeculator.com Sir Mole III

    Stats?

  • Julie

    Go Chicago Cubs Plenty of “Bears” in Chicago ! Love it TC !
    JULIE

  • https://evilspeculator.com Sir Mole III

    LOL – so all we have to do is to impoverish and exploit the U.S. worker until he/she’s on par with some poorly educated and dude in Mexico or India or China being held like a slave? Wow, if that’s the globalist vision they’re trying to sell us, then no thank you.

  • Julie

    Mark As stated above this recent volatility favors the bears.
    JULIE

  • https://evilspeculator.com Sir Mole III

    Fine but you’d agree that it’s not anywhere near its former glory, no?

  • Julie

    SPX Two equal legs down is 2414. Below 2400 support get’s really bearish
    JULIE

  • Mark Shinnick

    Here’s the thing, its already been hanging around since last month and its rate of change energy has damped-out. Its old news …not worth knowing??

  • ridingwaves

    I use news to scalp in the bio world like crazy….news is a sector thingy….

  • ridingwaves

    cheap housing a plenty

  • Yoda

    Yup, same line of thoughts for me too

  • Julie
  • Julie

    RW Thanks for your recent post several days ago outlining housing with an increase in interest rates i.e. how it will effect the sale and purchases. Could not agree more. A real fly in the ointment
    JULIE

  • Julie

    TC TRXC got away from me on a long. We are all distracted and space some things out . I was watching it closely too even posting charts
    JULIE

  • Darkthirty

    What are you referring to when you say “legs”?

  • Julie

    XHB Today a rejection at the baseline (21) A close below 41.20 (conversion line 8 ) and daily 5 ema at 41 and will nibble short JULIEhttps://uploads.disquscdn.com/images/ad72a1da4d7a284b9c03eae381e28cdb52dde6e318a498522f707ebe9d184d19.png https://uploads.disquscdn.com/images/ad72a1da4d7a284b9c03eae381e28cdb52dde6e318a498522f707ebe9d184d19.png

  • Julie

    An advance or decline. An ABC would be two legs with A and C the legs. A = C at 2414
    JULIE

  • Mark Shinnick

    Presently long.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • BobbyLow

    But then there’s the old saying “I’d rather be wishing that I was in a trade than wishing I wasn’t in one”. ๐Ÿ™‚

  • BobbyLow

    I don’t know. There is more and more evidence building every year that going short when Mole is even thinking about going on vacation pays off. I wish there was a way we could back test and build a system around this. ๐Ÿ™‚

  • Julie

    Mark Be careful IMO Watch the banks ($BKX) today red with a lower high and lower low
    JULIE

  • Julie

    SPX MACD 5,34,5 below centerline and it’s signal line with RSI below 50 and Banks red
    JULIE

  • ridingwaves

    I’m going to get beat up for this but since the XIV implosion on VIX spike it almost feels like the big boys are playing a VIX range to let some of the big houses make up for losses on the reverse instruments.

  • Mark Shinnick

    Opinion is one thing…systems trading a bit different. My company was called Market Timing Systems ๐Ÿ™‚

  • ridingwaves

    pushing indexes down to stop the carnage of a 3pt 10 yr?

  • BobbyLow

    Could be. There’s not too much that surprises me anymore. . .

  • Julie
  • ridingwaves

    -1K now…

  • Ronebadger
  • https://evilspeculator.com Sir Mole III

    You first.

  • Julie

    Ronebadger 2700 is an approx. 38.2% retracement 2689 50% and 2679 61.8% retracement Looks like on your 15 min chart an impulse up from March 2. I am very watchful here
    JULIE

  • BobbyLow

    I’m off to Physical Therapy. I be baaaaak.

    Mary,
    I just got the 3 Minute book in the mail today. Haven’t had a chance to begin reading it yet.

  • ridingwaves

    Mrktwatch headline-Fedโ€™s Beige Book reports building wage and price pressure

    the inflation meme is going full blast as expected….they have to have it or the grand Bernanke experiment is a moot issue..

  • Yoda

    That’s what triggered sell-offs in the past

  • Tomcat

    FANG wow
    NQ wow
    “unbelievable” strength

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://www.captainboom.com/ captainboom

    Do you know why boobs have nipples?

    Without them, they’d be pointless…

  • Julie

    No positions yet today just watching and waiting. Still have a small position long RIOT with a consolidation and down a little
    JULIE

  • http://www.captainboom.com/ captainboom

    I need to get my dental floss farm started…

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    oh come on, how about a little nibble on GE? {snort}.

    still no volume.
    http://stockcharts.com/h-sc/ui?s=GE&p=D&yr=1&mn=0&dy=0&id=p12208078264

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    well okay then, how about something WITH VOLUME!??

    [DLTR]
    http://stockcharts.com/h-sc/ui?s=DLTR&p=D&yr=1&mn=0&dy=0&id=p54277452573

    EDIT: “surprises to the downside” rats.

  • Julie
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ..needs a swift kick in the ass to sub $10.
    ๐Ÿ˜‰

  • http://www.captainboom.com/ captainboom

    Hate that song. Spent three years on Nimitz, and they played it all. the. time.

  • Julie

    14.41 is a strong resistance …. may nibble above …. very small nibble
    JULIE

  • Julie

    SPX 2718.23 is crucial. A bullish close above a nod to the bulls JULIE https://uploads.disquscdn.com/images/ad56c6a722511884be0e67252fbc6a60a515a5b2ba5efd5337e20b6cc7586e7a.png

  • ridingwaves

    brown stained websuit for sale, main stain in lower buttocks area… its a big GW…..I think the only reason he is alive is because he was vertical, the camoflauge is unreal….slow it down to .25, he is on the guy before you can see him….
    https://youtu.be/lmekGAd5-eI?t=7s

  • HD

    both rallies today were 20 points. Should that stick, 2700 is the gatekeeper

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    oh man, I’m sorry. won’t do it again.

    here, maybe you’ll like this one. LOL.

    https://www.youtube.com/watch?v=QGJuMBdaqIw

  • phantomflash

    There’s no “they” and no “selling” – unless you count the combined choices of every producer and consumer in the world, in other words, economic forces. US wages have already been stagnating since about 1970, while wages in India, etc. have been rising. Somewhere they must — and will — meet in the middle, or at least close enough that transportation and other costs exceed the savings available. Trying to stop this is like trying to stop a hurricane; it just can’t be done. Politicians don’t ever talk about the true conditions; they just want you to believe they can “fix” it. The only thing we can do is mitigate the pain, but the US government hasn’t done that well, and it seems has not very seriously tried. (You have to understand the root cause before you can really address it.) Non-union lower-wage factories in the South help keep those jobs from going overseas. And at least the USD decline is helping too, and will continue to help as long as it lasts, which I suspect will be a few more years (sorry about that, Mole).

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ..picked up some ERY.

  • phantomflash

    Right, that’s the way it works – when prices get cheap enough (in this case, real estate prices notably), the money starts flowing in. Assuming there are some people with vision to make things work, which there are in this case.

  • HD

    yikes!

  • HD

    Nice trade Mark!

  • Yoda

    Looking at the tape’s reaction, it is a confirmation that news do not matter

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    “News matters not. Look at them. Judge them by their lies, do you? Hmm? Hmm. And well you should not. For my ally is the EvilSpeculator, and a powerful ally it is. Life creates it, makes it grow. Its energy surrounds us and binds us. Luminous beings are we, not this crude matter. You must feel the Force around you; here, between you, me, the tree, the rock, everywhere, yes. Even between the Index and the Monitor.”

  • HD

    Good call Ronebadger from the lows.

  • HD

    those bastrdos… 2731, 2738 50DMA. Think we would see some very inspired buyers above that.

  • Yoda

    Learned well you have young Padawan

  • Ronebadger

    so far…

  • BobbyLow

    Glad to see ya buying some Higher Octane stuff. ๐Ÿ™‚

  • BobbyLow

    Jeez, I come back and somebody had let the Bulls back in – Not all the way in but the Bulls still put up a pretty good fight. Overall, the Day didn’t finish as well as I left it but still finished Green so that’s OK.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    perhaps Mole is rubbing off.
    He leaves, tank.
    BL leaves, rally.

  • https://evilspeculator.com Sir Mole III

    Ufff… I’m exhausted just from packing!

  • Tomcat

    From “bear” to “bull”, flip a coin

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I don’t believe it. all the gym shit you do? tell me another story.

    http://i.imgur.com/1JmNi.jpg

  • https://evilspeculator.com Sir Mole III

    Right on.

  • https://evilspeculator.com Sir Mole III

    Rubbing is definitely involved.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • CandleStickEmUpper

    Someone remind me to go long next time the NQ’s drop 100 points on news

  • http://www.captainboom.com/ captainboom

    Gag. Everyone seems to think the song is great for their event, but when you’re the one doing *all* the events, it gets old.

  • https://scottphillipstrading.com/trade-setup Scott Phillips

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