They told them that as long as they have tarp money, we can cap their executive pay and put restrictions. Some of them, like Goldman, are choosing to pay it back instead of limiting the pay of their executives. That’s a choice that they have to make. Either way, UNLIKE the previous administration, private companies are free to be frivolous, but not with our money.
Anyone know of a good online broker that has low short selling fees?
if you can maange to put up 10k to start or are under 21, i use www.interactivebrokers.com . $1 per trade. Also lets you trade stock, options, foreign exchange, commodities futures, all kinds of shit.
Yeah for shorting IB has the best selection of shortables and cheap commish.
The downside is $10k to open and their platform sucks. Their data feed is open though and you can feed many good platforms with their data.
I use Think Or Swim myself. I love the platform and free data. $5 per side commish except otcbb and pinks I think (dunno as I don’t trade pennies).
I’m just happy that my FAS shorts and puts broke into the green today, hard. This afternoon and tomorrow’s open will say a lot about where we go from here.
Again…pointing out that sexy NAHL divergence as a very good case for a bottom longer term. I still am anticipating lower volume tests of lows or some new lows at some point but I would be careful betting against this rally just yet without more confirmation. If you rode the rally this isn’t a horrible place to take partial profit and reduce exposure though…just in case. 
One more for the road.
A monthly chart shows a reversion to the bearish upper trendline from the Y2K recession.
Long term the bailout inflation will catch up…but for now that seems to be propping the market up and could cause some very interesting times ahead. JMHO.
I find this interesting, but can’t understand it. Im assuming all those red decreasing lines means were fucked?
I use red on things I see as bearish or to the downside and green to show support or upside. We are in a bearish trend in the bigger picture (macro) and a uptrend in the shorter term (micro). I see a good case for the market bottoming despite all the doom n’ gloom out there etc…
JMHO
IMHO we’re back to hurry up and wait time. I loaded up on May puts at EOD friday 5/8 and made several grand on them at expiration on Friday, but now i’m mostly back to cash until I can read whether the bull or bear is going to rule next week.
The Nasdaq may be leading paper markets higher.?. It’s already back into that bearish channel while other indices are still stuck in range. I’d be interested to see a test of that resistance turned support and the channel to play out to the upside. Keep in mind it’s a BEARISH channel so as the market moves the slope degrades and damages profit potential from longs. Don’t be a full on bull unless and until that channel gives way to a new upward slope. Cut longs at obvious resistance and reduce exposure.
Notice how the 3 indices are stuck at the 38.2% fib level. (Well on my charts it shows the 61.8% because I draw them backwards to get my extensions projected in the direction of the current trend.) All this hype and hooplah and we’ve only regained 38.2% of the violent wave down. Amazing how the news can twist things to make people feel the way they want them to feel.
ES and YM both have room to go before that 50ma. That ma is going to match up with the bigger downward channels lower trendline soon.
Silver and gold are both looking strong. You can see Gold holding and having the market excess defended pretty well here. A test of the 100% if not the 121% fib is pretty likely IMO…especially given the USD woes with Russia and what not.
If silver can break this trendline it has a great upside potential. Metals may be making some headlines soon.
Thoughts?
Follow the old rules sell in May and go away. Don’t put too much weight into T/A because everone else on the street is and the big players know when they want to get out. That is when you see a run of T/S(Time sales) of 100k blocks on the sell side. The clear indicator that we are going to break out of the current channel is when the Fed make a rate change, to the up side. The charts you posted all say “looking to retest the bottom” The MACD converging screams sell me.
Nezumi
BTW I am more into FX now, hard for even big players to manipulate with lower volumes.
If you are looking for a metals play look into Rhodium. Current spot is about 1600/oz. This a off the all time high of 10,000/oz
Nezumi
Good luck
But isn’t Rhodiums largest use catalytic converters? The demand has peaked and almost certainly will not return for a long time for cats.
TA works fine…people just jump the gun because they use setups that thrive on bull market type volatility…let it get to near EOD and the true hands to be shown. Candles don’t lie and TA is still holding true, albeit requiring a bit more patience. LOL
Yes…I do NOT believe the rally is legit bullish action. That said heed my warnings of being early to the bears celebration. 
Sell is coming…just again don’t be early to the party without proper position sizing and risk tolerance for wild volatility.
I have a FX account…any pointers on that side of the fence? I feel like I’m giving up alot of my readability due to lack of a volume indicator.
Thanks,
MC
Any source for a chart on this? Looks like no futures contract and I’m not looking to trade physical metals, though this may entice others.
Kitco pool account is the way I went for my Palladium. No holding fees but no margin ability. Can convert to hard physical if you want to.
http://www.kitco.com/charts/rhodium.html
Akuma
As far as FX is concerned with a lack of volume there are seasonal factors and global factor that I use. Gold and Oil drive USD/CAD with a summer factor also being that USD/CAD tend’s to go higher in spring historicaly. USD/GBP Oil and the finacial markets being indicators. USD/JPY Oil and US markets being the drivers this pair tends to less volitilty than the others. USD/EUR the German econonmy being the lynch pin. As for the dollar index look for major 3-4 days moves for pair placment.
Akuma
If this can hold we may see some pained bears running back into the woods for a bit.
Thanks for the suggestions on FX btw. 
The S&P shouldn’t be holding 940 by the end of the day. That said the market is so manipulated it rarely does what it should do these days.