Hey MRC long time no hear.
Agree it feels like it's going to be one of those grinding runs with dropping vols... sans any calamitous nonsense from the Bozos in Europe.
Great to see you back MRC & Co!
Great to see you back MRC & Co!
And double ditto; well said barney.I notice TH has also popped his head in a couple of times recently so hopefully you two guys can find the time to post a bit more often ..... The quality of posts and the knowledge you guys used to add was invaluable and very much missed ..... Cheers.
It is a constant source of grounding in reality.How is the trading going?
Quick Q and you are prob just the man to ask, do you happen to know what are the major crop reports to watch for to avoid gap risk for the grains? (soybean oil, soybeans, corn and wheat). I ask because I'm testing a breakout model on these markets however I need to ensure I cut the trades on the day of the large grain reports or the gap risk (and particularly the assumption flip and reverses would have been filled) completely skews the testing results. However, with so many crop reports, I'm really not sure which are the major ones to be careful of.....
BTW - wasn't your blog on options different? I thought I remember it also being called 'The Naked Truth' but it being very comprehensive in the explanation of options strategies.....
I don't know of any quick and dirty lists of upcoming reports such as econoday.com etc (though that one does include energy reports which is handy) without being the client of a full service broker.
But http://www.nass.usda.gov/Statistics_by_Subject/index.php should help with a bit of digging.
The other blog was Sigma Options. It's still up but for various reasons too complicated to explain here, I started this new one... I still don't know why.: : : :
Do you still have a link for Sigma Options?
On the commods, cheers for the link, I'll have a look. I probably didn't explain myself properly. I was more just interested if there is a certain report every month or quarter etc which causes explosive gapping after it is released mid-session? Not a list, I'll be able to dig one out from a broker, but more just which report to actually avoid trading over to avoid a big gap.
As the S&P500 approaches its post-2009 highs again it feels like sentiment is getting a bit ahead. Some quite bullish stuff around, some of it is bordering on euphoric (which never ends well). Apparently even Roubini has turned bullish?
Being extra careful up here.
View attachment 46012
I’m wondering if Marc Faber has been turned bullish too.
As the S&P500 approaches its post-2009 highs again it feels like sentiment is getting a bit ahead. Some quite bullish stuff around, some of it is bordering on euphoric (which never ends well). Apparently even Roubini has turned bullish?
Being extra careful up here.
View attachment 46012
I’m wondering if Marc Faber has been turned bullish too.
I heard him talking just the other day and he said that equities were going to be OK because money is going to be printed in the US and Euro. So he was basically saying things are still totolly rooted however stocks are a gasa man!I’m wondering if Marc Faber has been turned bullish too.
Yep. Add that to China which reported - less in, less out and higher inflatuation. Doesn't really leave them with a lever to pull!! - a communists worst nightmare!I know we are talking about S&P 500 here, but the action on BHP/RIO on the profit numbers are telling imho.
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