Comments on: Philly Fed Index http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/ Stock Market Analysis and Trading Sat, 11 Oct 2008 22:02:14 +0000 http://wordpress.org/?v=2.5.1 By: ecklebob http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3263 ecklebob Thu, 15 May 2008 18:54:29 +0000 http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3263 Dave, I am with you on the bailout point. GM has been very good to me as a short term trade. While I don't trade futures, I believe your British Pound position is ... how would a Brit put it?... Spot on old bean. Dave, I am with you on the bailout point. GM has been very good to me as a short term trade. While I don’t trade futures, I believe your British Pound position is … how would a Brit put it?… Spot on old bean.

]]> By: Dave http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3262 Dave Thu, 15 May 2008 18:49:45 +0000 http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3262 Eckle - Good call on GM. That thing really took a dump. I am also "long term" bearish on the market, but will change my mind if we were to get an S&P close above 1445. I don't believe the market will get to 1445 this year, but I won't count anything out. I like your plays, but I could never be that patient to do it myself. :) I trade some futures (I have one position...short the British Pound) but haven't traded options in a while. Eckle -

Good call on GM. That thing really took a dump.

I am also “long term” bearish on the market, but will change my mind if we were to get an S&P close above 1445. I don’t believe the market will get to 1445 this year, but I won’t count anything out. I like your plays, but I could never be that patient to do it myself. :)

I trade some futures (I have one position…short the British Pound) but haven’t traded options in a while.

]]> By: ecklebob http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3261 ecklebob Thu, 15 May 2008 18:40:17 +0000 http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3261 Correction: My DAX puts are June. Correction: My DAX puts are June.

]]> By: ecklebob http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3260 ecklebob Thu, 15 May 2008 18:31:37 +0000 http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3260 Dave, I am short via puts Sept. SPY, QQQQ, XLF, DAX, XHB. Holding a tiny May VIX $25 call position. I cashed out yesterday on GM puts w/30% profit. I am patient and la la land trading wont last forever. Dave, I am short via puts Sept. SPY, QQQQ, XLF, DAX, XHB. Holding a tiny May VIX $25 call position. I cashed out yesterday on GM puts w/30% profit. I am patient and la la land trading wont last forever.

]]> By: Dave http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3259 Dave Thu, 15 May 2008 18:23:20 +0000 http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3259 Noel - Thanks for the VIX update. Chuck just posted a chart from one of the RT readers a few days ago which shows that a VIX level under 17 occurs almost exclusively in bull markets. Check it out if you have not seen it. Be careful if you are short. Eckle - I just saw the news flash on CNBC that the NAHB homebuilder sentiment dropped. I hope the bad news doesn't move the XHB up on you. Do you have any other short positions?? Noel -

Thanks for the VIX update. Chuck just posted a chart from one of the RT readers a few days ago which shows that a VIX level under 17 occurs almost exclusively in bull markets. Check it out if you have not seen it. Be careful if you are short.

Eckle - I just saw the news flash on CNBC that the NAHB homebuilder sentiment dropped. I hope the bad news doesn’t move the XHB up on you.
Do you have any other short positions??

]]> By: Lisa http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3258 Lisa Thu, 15 May 2008 18:21:57 +0000 http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3258 Chris, I don't know whether it's a positive or not, we'll check into it. Ecklebob, We are going to just watch them skip around the mulberry bush through Friday. Noel, Complacency at this point is not a very pretty thing to watch. I have been well, just really busy! :) Chris,
I don’t know whether it’s a positive or not, we’ll check into it.

Ecklebob,
We are going to just watch them skip around the mulberry bush through Friday.

Noel,
Complacency at this point is not a very pretty thing to watch. I have been well, just really busy! :)

]]> By: ecklebob http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3257 ecklebob Thu, 15 May 2008 18:01:05 +0000 http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3257 (Bloomberg) A separate report showed the National Association of Home Builders/Wells Fargo index of homebuilder sentiment unexpectedly dropped this month to 19, signaling the housing slump will continue. The measure reached a record low of 18 in December. Readings under 50 mean most respondents view conditions as poor. AND THE XHB IS UP 1.9% AS I POST THIS. Around and around the mullberry bush the... (Bloomberg) A separate report showed the National Association of Home Builders/Wells Fargo index of homebuilder sentiment unexpectedly dropped this month to 19, signaling the housing slump will continue. The measure reached a record low of 18 in December. Readings under 50 mean most respondents view conditions as poor. AND THE XHB IS UP 1.9% AS I POST THIS. Around and around the mullberry bush the…

]]> By: chris http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3256 chris Thu, 15 May 2008 17:39:51 +0000 http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3256 Is closing the enron loophole on oil contracts today a positive or negative for the financials? Is closing the enron loophole on oil contracts today a positive or negative for the financials?

]]> By: Noel Thomas http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3253 Noel Thomas Thu, 15 May 2008 16:45:17 +0000 http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3253 Lisa, Just in case anyone cares. We now have the VIX resting at 16.75. Complacency du jour. Hope you've been well! Noel Lisa,

Just in case anyone cares.

We now have the VIX resting at
16.75.

Complacency du jour.

Hope you’ve been well!

Noel

]]> By: ecklebob http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3252 ecklebob Thu, 15 May 2008 16:38:06 +0000 http://blog.rebeltraders.net/2008/05/15/philly-fed-index-2/#comment-3252 Why stop with community banks? I'll bet next month Pawn shops will be included! Why stop with community banks? I’ll bet next month Pawn shops will be included!

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