MacroTwits Transcript: Sunday Apr 19, 2009

StockTwits: Apr. 19 at 10:03 PM
Thanks Gregor. The depth and breadth of your knowledge never ceases to amaze me even after all this time :)
djacome: Apr. 19 at 10:03 PM
$QSII is heavily shorted
Ticker: QSII

TrexDigit: Apr. 19 at 10:03 PM
Yucca’s done, nuke is not. McCain always supported it. Obama promised closing it.$USU
Ticker: USU
infoarbitrage: Apr. 19 at 10:02 PM
@GregorMacdonald if this is a trend we are in deep trouble. the power balance will tip even further, and our duration mismatch will yawn
MDabbles: Apr. 19 at 10:02 PM
Earnings Whispers for $PDS : http://bit.ly/10zXl4
Ticker: PDS
TradeWithMojo: Apr. 19 at 10:02 PM
Steel shares were higher in Tokyo, though, after Nomura Securities upgraded its view on the sector to bullish! $X http://bit.ly/HVbhi
Ticker: X
dvolatility: Apr. 19 at 10:02 PM
RT @infoarbitrage: China’s Treasury purchases shifting from bonds to bills.http://bit.ly/TsKC9
GregorMacdonald: Apr. 19 at 10:01 PM
Thanks so much to all for coming. I accept payment in Yuan, Gold, Silver, Civil War greenbacks. And Copper. Just kidding. :-)
IntuitiveTrade: Apr. 19 at 10:01 PM
@pdenlinger re:CN consumer,they didn’t spend because CN govt forced them to not spend,if they are allowed/encouraged to spend, they might
faustroll: Apr. 19 at 10:01 PM
@Fullcarry have you been looking at the interest rate hedging markets. would like to hear your take on this re bond markets
beanieville: Apr. 19 at 10:01 PM
Thanks @gregormacdonald. Great and exciting hour tonite.
askchrishetrade: Apr. 19 at 10:01 PM
$$USO, XLF, DUG chart analysis and channel analysis. ENJOY HEADED TO SOUTH BEACH. SPREAD THE TWITTER lol http://bit.ly/13N5Kn
Ticker: USO
AppleInvestor: Apr. 19 at 10:01 PM
We’re overbought in ALL time frames, and the neckline at 875 is a bugger. It would be healthier for the S&P to pull back to 815 or so
djacome: Apr. 19 at 10:01 PM
$GSK to buy Stiefel labs for 3 billion – WSJ
Ticker: GSK
IRON100: Apr. 19 at 10:01 PM
@el_coche and remember the legislation for the metering devices? Soon you may not have a choice as to when you watch lol (kind of scary).
gulicious: Apr. 19 at 10:01 PM
still bullish on American Express, never leave home without it $AXP
Ticker: AXP
Karmic_Devil: Apr. 19 at 10:00 PM
and of course $SRS
Ticker: SRS
ZMoose12: Apr. 19 at 10:00 PM
@dakapbj You seeing a technical pullback going into tomorrow for $WFC and possibly the financial sector?
Ticker: WFC
aiki14: Apr. 19 at 9:59 PM
@stoktrdr I am still playing the Financial Etf’s intraday, and $USO. I’ll watch for action off $BAC earnings for a bias
askchrishetrade: Apr. 19 at 9:59 PM
$$ Done doing my analysis on $USO and $DUG $ XLF. Please stop in and check for it will be worth it. Feedback much appreciated. http://bi …
Ticker: DUG USO
lockeonstocks: Apr. 19 at 9:59 PM
@GregorMacdonald Is it too early to pick a winner in solar, or should one just play an ETF like $GEX or $TAN?
Ticker: GEX TAN
faustroll: Apr. 19 at 9:58 PM
@GregorMacdonald everyone has moved to the short end. see very crowded trade in interest rate hedging
SellPuts: Apr. 19 at 9:58 PM
@GregorMacdonald a MAJOR problm that will begin surfacing in coming years is newly built homes quality of build some houses are crap.
dakapbj: Apr. 19 at 9:58 PM
taking a look at $WFC – look at 7/15/08 and 11/21/08 and friday’s close – coincidence? i think not – connect the dots and u will see
Ticker: WFC
GregorMacdonald: Apr. 19 at 9:58 PM
@faustroll Yes but there has been huge shift to short end by CN.
el_coche: Apr. 19 at 9:57 PM
@IRON100 so Obama shuts the door on nuclear then coal and I will run my 50″ TV with a windmill??? Why do I vote???
quantshoptrader: Apr. 19 at 9:57 PM
@GregorMacdonald Saw that ship in EastHampton :) Flip-side is even if lenders lend, borrowers de-leveraging http://bit.ly/kf7zb
beanieville: Apr. 19 at 9:57 PM
Cap and Trade, I like it. Get it approved and approved yesterday already.
faustroll: Apr. 19 at 9:57 PM
@GregorMacdonald Setser still notes significant treasuries purchases by China in latest data
GregorMacdonald: Apr. 19 at 9:56 PM
@infoarbitrage See Setser too on massive re-weight from long end to short. Amazing. Flight from Agencies, now flight from Long end.
CTGFutures: Apr. 19 at 9:56 PM
June EURO Future in a short play as well. http://tinyurl.com/dlx6ab
IRON100: Apr. 19 at 9:56 PM
@el_coche We were saying the same thing in the 1970s. People need to wake up and boot a politician in the ass-ets.
2ndtradeopp: Apr. 19 at 9:55 PM
$FEED In @ 1.38. Agree that feed is ready to break out. This thing is WAY undervalued. Their growth going forward is huge.
Ticker: FEED
infoarbitrage: Apr. 19 at 9:55 PM
China’s Treasury purchases shifting from bonds to bills. Emerging problem – doesn’t support our long-term deficit fihttp://bit.ly/TsKC9
IRON100: Apr. 19 at 9:55 PM
@GregorMacdonald Choosing is something I do slowly. I revert 2 technical trading. Being nimble in this econ. environment vital.
GregorMacdonald: Apr. 19 at 9:55 PM
We will be finishing up in about 5 minutes. Furious session tonight despite massive Twitter problems. Cheers to everyone here.
el_coche: Apr. 19 at 9:54 PM
@beanieville @IRON100 so either way our utilities double. Goodbye U.S.A. we will lose our competitiveness in this world
Scalper68: Apr. 19 at 9:54 PM
new post ‘Where’s the volume?’ and fri trades recap http://bit.ly/oO8AI
GregorMacdonald: Apr. 19 at 9:53 PM
@distanlo_info I’m going to doctor my old FCC radio broadcast certificate and write in “Nuclear Engineer” :-) @ppearlman
ZMoose12: Apr. 19 at 9:53 PM
@IRON100 $DXO is the same. The interesting thing about all of these tickers is their volume will diverge, but the price stays stagnant.
Ticker: DXO
UrbaneGorilla: Apr. 19 at 9:53 PM
RT @beanieville: @UrbaneGorilla $AKAM a good long term bet .. Think so.. Believe you mentioned $VMM
Ticker: AKAM VMM
pdenlinger: Apr. 19 at 9:52 PM
like US consumers used to simply because Chinese believe in having savings.
el_coche: Apr. 19 at 9:52 PM
@GMRobertson where is your data on $12 oil????
CTGFutures: Apr. 19 at 9:52 PM
$EURUSD Another planned short moving well into the money. What a night!http://tinyurl.com/dx7o5c
Ticker: EURUSD
beanieville: Apr. 19 at 9:52 PM
@distanlo_info That’s because very few people actually study to be nuclear engineers?
IRON100: Apr. 19 at 9:52 PM
@beanieville Wait till they see the cap and trade bill….when power bills double…that’ll do it. Get ready for that to happen shortly.
pdenlinger: Apr. 19 at 9:52 PM
But it’s not like they can flip a switch and suddenly have strong Chinese consumer market. And CN consumers will never spend
faustroll: Apr. 19 at 9:51 PM
@quantshoptrader is making excellent points: even though shock effect of FED has made money appear to be cheap short term, shortage still
tradecruz: Apr. 19 at 9:51 PM
so many stocks peeking thru their mother trend.
LordByron1: Apr. 19 at 9:51 PM
Asian markets opening lower. Thoughts re US open? Banks? FAS$ FAZ$ What might the week hold in store?
UrbaneGorilla: Apr. 19 at 9:51 PM
@ZMoose12 $KIRK I’d like to say buy on a dip and there are a few, but not many. It is in a 15 Min BBand squeeze and traditionally goes up..
Ticker: KIRK
IRON100: Apr. 19 at 9:51 PM
@ZMoose12 And that is the problem. There is also forwardation and contango issues with $USO. I will do a little more work on selection.
Ticker: USO
pdenlinger: Apr. 19 at 9:51 PM
After focusing only on exports for past 30 years, CN govt. knows that it is important to have robust domestic market
distanlo_info: Apr. 19 at 9:50 PM
@ppearlman i heard this as well. major backup of european projects due to lack of engineers
el_coche: Apr. 19 at 9:50 PM
@GMRobertson oil to $12 where is your data?
GMRobertson: Apr. 19 at 9:50 PM
problem is to maintain this power grab in usa interest to try another oil manipulation
pdenlinger: Apr. 19 at 9:50 PM
CN govt. is spending massively on getting domestic consumer demand to gain, but it isn’t happening as fast as it would like
aiki14: Apr. 19 at 9:49 PM
@ppearlman As soon as they invent Nuclear trains there is gonna be real demand for them
faustroll: Apr. 19 at 9:49 PM
@GregorMacdonald elaborate further? initial shock effect of QE will prolly wear off in short term;summer deflation then slow reflation
GregorMacdonald: Apr. 19 at 9:49 PM
@quantshoptrader FWIW I see all the deflation and the inflation from the prow of my ship. And have abandoned “choosing.” :-)
el_coche: Apr. 19 at 9:49 PM
@IRON100 $13 billion DOWN THE DRAIN !!!! Thanks Obama!!
beanieville: Apr. 19 at 9:49 PM
@IRON100 Nuclear not gonna make much inroads anytime soon. Every American is a NIMBY – Not In My Back Yard. I’m a proud NIMBY.
pdenlinger: Apr. 19 at 9:49 PM
@bob_brill China is bulking up on raw materials in preparation for hard times ahead and possible collapse of export markets
ZMoose12: Apr. 19 at 9:49 PM
@el_coche lol I have $BTU, $PCX, and $ACI all on the watch list this week… Love to trade these names.
Ticker: ACI BTU PCX
quantshoptrader: Apr. 19 at 9:49 PM
Banks reserving cash for wave of Q4 mrtg defaults, provisions, funding risks, CRE & consumer credit writedowns. Inflation nada
el_coche: Apr. 19 at 9:49 PM
@IRON100 that is why I buy $PCX once they close up Yucca mountain….wind and solar cannot fill the void!!!
Ticker: PCX
GMRobertson: Apr. 19 at 9:49 PM
@nancefinance oil is being maintained by cartels as hdges others forced out of financials unless gdp goes to up 4%, oil to $12 to $18
ZMoose12: Apr. 19 at 9:48 PM
@IRON100 Wow, just looked at a 1yr. Daily chart on $OIL… Nearly fell off my chair, the volume for the past two weeks is non-existent!
Ticker: OIL
GregorMacdonald: Apr. 19 at 9:48 PM
@IRON100 Nuclear is getting increasingly complicated by EROEI: it *may* take up to 7-8 yrs now to get energy pay back from Nukes.
IntuitiveTrade: Apr. 19 at 9:48 PM
How the banks are posting big profits $XLF volatility in markets helped banks earn even more than they usually would http://tiny.cc/PrSBZ
Ticker: XLF
faustroll: Apr. 19 at 9:48 PM
@Fullcarry re ur point about excess reserves having effect on rates: thank u:good point
maoxian: Apr. 19 at 9:48 PM
Free daily trading idea (for 2009.04.20.): short $HAL below 18.27, protective stop above 19 target 14.74 – 14.16 min R/R 4.8
Ticker: HAL
GregorMacdonald: Apr. 19 at 9:47 PM
@donahchoo Yes. There are big advances in both CIGS (thin solar) and big daddy Utility Grade Solar. Big opp is in future price of kwh.
GMRobertson: Apr. 19 at 9:47 PM
this green and global warming and idea of some green based econ revival making jobs is most incredible hogwash
psychictrader: Apr. 19 at 9:47 PM
Markets all way oversold. Cm real estate in crisis.Oil soon 2 b crisis $USO Careful not to get to close to the fire $SRS. Short $ES $YM $NQ.
Ticker: ES SRS TSE:YM USO
ppearlman: Apr. 19 at 9:47 PM
@iron100 one of the most sought after vocations in the world presently is nuclear engineer
IRON100: Apr. 19 at 9:47 PM
@el_coche That is nuts on Yucca….Obama heading west looking for sunrise on nuclear issue IMO
donahchoo: Apr. 19 at 9:46 PM
@GregorMacdonald @IRON100 60 min stry on “nuclear effect” enrgy was interesting. still seems a ways off. getting less opposed to fission.
quantshoptrader: Apr. 19 at 9:46 PM
@GregorMacdonald The M1 money multiplier for starters. http://bit.ly/14GbrA I’m trying to convince $V to let me look at their Tx data :)
Ticker: V
el_coche: Apr. 19 at 9:45 PM
@IRON100 Yucca toast http://tinyurl.com/ckb6hr
GregorMacdonald: Apr. 19 at 9:45 PM
@faustroll My view is that we are at behavioral stage of QE, Monetization, Reflation. Perception will be the trigger.
infoarbitrage: Apr. 19 at 9:45 PM
Surprise! the completely unbiased and presicent Ken Fisher thinks the $SPX is due for a 70% run. time to short, folks! http://bit.ly/cEwT4
Ticker: SPX
stoktrdr: Apr. 19 at 9:45 PM
@GregorMacdonald What do you think financials are going to look like at the beginning of the week vs. the end of the week?
el_coche: Apr. 19 at 9:45 PM
@IRON100 Obama shut down Yucca mountain they essentially told us all nuclear is done
AlexFotopoulos: Apr. 19 at 9:45 PM
New Blog Post: Russell 2000 ($RUT) Chart – April 17, 2009: I posted a Dow Jones chart last week an.. http://tinyurl.com/cy5d2s
Ticker: TSE:RUT
lockeonstocks: Apr. 19 at 9:44 PM
@alphatrends will a replay of your webinar be made available?
ZMoose12: Apr. 19 at 9:44 PM
@tradecruz Not much of a volume pattern on $CAT. Seems as though most traders look towards it as an investment rather than a trading tool.
Ticker: CAT
faustroll: Apr. 19 at 9:44 PM
@Fullcarry indeed; thanks for the clarification; re: reserves and bank usage
IRON100: Apr. 19 at 9:43 PM
@GregorMacdonald Is nuclear so tainted that it cant have a shot? Still think it is most efficient option. Were building some capac. here.
CTGFutures: Apr. 19 at 9:43 PM
$AD New lows on this short. http://tinyurl.com/cuc9vv
Ticker: TSE:AD
GregorMacdonald: Apr. 19 at 9:43 PM
@SellPuts My view is there is all this cheap RE from Omaha to CA central Valley to South that is bang-on next door to Aggie areas. Woosh!
donahchoo: Apr. 19 at 9:43 PM
@GregorMacdonald are you seeing any realistic developments that will make solar cheaper of the next 5 years?
beanieville: Apr. 19 at 9:43 PM
Wow, @gregormacdonald, you just got my attention. www.gregor.us
GregorMacdonald: Apr. 19 at 9:42 PM
@quantshoptrader What do you use as a Money Velocity indicator? TIA.
marketfolly: Apr. 19 at 9:42 PM
big run in copper lately & due for a pullback. the tell will be what happens after that pullback. base metals leading economic indicator
Fullcarry: Apr. 19 at 9:42 PM
@Fullcarry I can tell from my day to day experience that excess reserves are instrumental in keeping UST rates low.
faustroll: Apr. 19 at 9:41 PM
@quantshoptrader @Fullcarry knows exactly what u r talking about as does gregor.us ;gregor has posited inflation<->deflation confusion
GregorMacdonald: Apr. 19 at 9:41 PM
I appreciate the chatter on Coal and Solar: I really need to address these more at my blog: www.gregor.us. And I will.
Fullcarry: Apr. 19 at 9:41 PM
@faustroll The FED determines the agg amt of excess reserves. Banks shuffle them until at the EOD they place it w the FED.
CTGFutures: Apr. 19 at 9:40 PM
$GBPUSD – Short going down like free beer. Nicely in the money with Nested System http://tinyurl.com/dhz8v6
Ticker: GBPUSD
IRON100: Apr. 19 at 9:40 PM
@ZMoose12 $OIL would also be decent to track as well…I need to check on the liquidity of some of those before giving you a final answer.
Ticker: OIL
AriCostello: Apr. 19 at 9:40 PM
@Fullcarry @GregorMacdonald If velocity increases, does this feed directly INTO price, or help to sterilize growth in money supplies?
beanieville: Apr. 19 at 9:40 PM
@gregormacdonald truly has the brains. Everybody should listen to the man. Gregor for presidente!
el_coche: Apr. 19 at 9:40 PM
@ZMoose12 I am not willing to pay for wind at .17 kwH……is anyone on here going to pay double give me coal!!
tradecruz: Apr. 19 at 9:40 PM
@ZMoose12 $CAT just trying to pick up some shares for long term holding
Ticker: CAT
IRON100: Apr. 19 at 9:39 PM
As $GLD is the sixth largest holder of gold on the planet (more than China)…I think it works well
Ticker: GLD
Fullcarry: Apr. 19 at 9:39 PM
@AriCostello Increases in Velocity will increase NGDP.
faustroll: Apr. 19 at 9:39 PM
@Fullcarry If money supply as any old monetarist will tell u merely sits in reserves;it is the tree n forest with no one there to hear it
traderjon: Apr. 19 at 9:39 PM
$HYG trade – return to risk misread when $LQD $IEF went south. Should have kept to the stop-loss plan. http://twitpic.com/3mt21
Ticker: HYG IEF LQD
GregorMacdonald: Apr. 19 at 9:37 PM
@AriCostello IIRC 1.25 T Agency QE is past Agency QE combined with March announcement. Do advise if that is off. Cheers.
GregorMacdonald: Apr. 19 at 9:37 PM
@beanieville Sometimes solar will be best played through owner-utilities, and other times via makers, next 10 years.
esecfutures: Apr. 19 at 9:36 PM
$SPX futures $ES_F down 7 on the session, first support expected at fib confluence 856.5 see chart: http://tinyurl.com/d3uw3c
Ticker: ES_F SPX
el_coche: Apr. 19 at 9:36 PM
@GregorMacdonald agreed coal is an eviron nightmare..with oil @ $150 we will probably burn it looking at the past that is what happened
Stocktrader69: Apr. 19 at 9:36 PM
$DNDN Can someone predict what this stock will open at Monday?
Ticker: DNDN
atul: Apr. 19 at 9:35 PM
Google tips FCC about new YouTube comment filtering system – Ars Technica tip@techmeme http://tr.im/jc89 $GOOG
Ticker: GOOG
fortune8: Apr. 19 at 9:35 PM
@beanieville why are you thinking 10yrs? what is the longest time you have held a stock?
GregorMacdonald: Apr. 19 at 9:35 PM
@canuk1 My view is that gold is in seasonal weakness and has a strong, uber-strong, 5 year outlook.
quantshoptrader: Apr. 19 at 9:34 PM
@GregorMacdonald Need more QE than that Fed is still only changing composition of bank balance sheets, credit jammed http://bit.ly/EKssh
ZMoose12: Apr. 19 at 9:34 PM
@tradecruz Agreed. My $TITN pick took a tumble off of bad earnings even with good Rev. ‘s, so I’m looking for a similar pattern in $CAT.
Ticker: CAT TITN
Fullcarry: Apr. 19 at 9:34 PM
@AriCostello FED announced their intention to buy 1.25 Agencies this year.
faustroll: Apr. 19 at 9:34 PM
@GregorMacdonald any further thoughts along your provocative “pricing confusion” during deflation<->inflation across frames
ZMoose12: Apr. 19 at 9:33 PM
@el_coche @GregorMacdonald Wind is going to gain an enormous amount of pick up with more and more contracts developing overseas.
pdenlinger: Apr. 19 at 9:33 PM
In CN now, main emphasis is on social stability and jobs over clean energy and environment.
Fullcarry: Apr. 19 at 9:33 PM
@quantshoptrader MZM up 14% and M2 up 13.4% past 3 months.
StockJockey: Apr. 19 at 9:33 PM
@ZMoose12 Will OPEC Production Cuts Create a Market Deficit?http://bit.ly/XoRkb
cousar: Apr. 19 at 9:32 PM
$RF expects profit but cuts div f/0.4 to 0.04…sounds like weakness
Ticker: RF
AriCostello: Apr. 19 at 9:32 PM
@GregorMacdonald I like your treasury number (1 T); but how do you get your agency number (1.25 or so)? tnx
ZMoose12: Apr. 19 at 9:32 PM
@IRON100 Basic Materials and Energy are very similar in regards to how much their trading is based off of supply/demand.
Fullcarry: Apr. 19 at 9:31 PM
@quantshoptrader Most money measure in the US are growing smartly.
tradecruz: Apr. 19 at 9:31 PM
@ZMoose12 still like to get in $CAT at 22ish
Ticker: CAT
beanieville: Apr. 19 at 9:31 PM
Thanks @gregormacdonald , i like that response very much :)
GregorMacdonald: Apr. 19 at 9:31 PM
@el_coche You can already see on margins of Chinese policy in Rail, Solar, Wind, and Nuclear that they think Coal is huge headache.
pdenlinger: Apr. 19 at 9:31 PM
If economic situation rights itself, CN central govt. will subsidize cleaner energy development in poorer provinces
el_coche: Apr. 19 at 9:31 PM
@quantshoptrader the $20 trillion dollar (global) wealth destruction will not have an adverse affect on commodities that is supply issue
ZMoose12: Apr. 19 at 9:31 PM
@el_coche Agreed. Have to play the singular names as swing trades. $DXO, however, can be held.
Ticker: DXO
beanieville: Apr. 19 at 9:30 PM
@UrbaneGorilla AKAM a good long term bet
GregorMacdonald: Apr. 19 at 9:30 PM
@quantshoptrader How do you feel about 1.25T of Agency QE and 1 T of US Treasury QE? Any multiplier on that?
pdenlinger: Apr. 19 at 9:30 PM
While poorer provinces will continue to rely on coal.
ZMoose12: Apr. 19 at 9:30 PM
@GregorMacdonald Thanks Gregor! Where can I find that on his site?
JackRyanBauer: Apr. 19 at 9:30 PM
$$ CMEGroup launches mini- Gold, mini- Silver contracts tonite : $8Q $6Qhttp://digg.com/u11LDT $GLD $SLV $GC_F $SI_F
Ticker: GC_F GLD SI_F SLV
maximpr: Apr. 19 at 9:30 PM
It would be way too tempting for big guys not to push $SPY over 88 and create major short squeeze. Especially on very light volume.
Ticker: SPY
pdenlinger: Apr. 19 at 9:29 PM
In CN, believe that energy choices will depend on different provinces. Wealthier provinces will opt for wind, solar, nuclear
2ndtradeopp: Apr. 19 at 9:29 PM
$BCON In @ .44. Still holding. Think its got some more room to run. Gotta love these little pennies!!! :)
Ticker: BCON
GregorMacdonald: Apr. 19 at 9:29 PM
@beanieville My favorite energy source investments next 10 years are Oil and Solar–the right vehicles in both, at right times.
turbotrader: Apr. 19 at 9:29 PM
what time does $BAC report tomorrow before the opening bell?
Ticker: BAC
UrbaneGorilla: Apr. 19 at 9:29 PM
@SCMcDonnell Just thinking ..It was you that posted $ESV, wasn’t it.. Looks like the same setup… Long and flat.
Ticker: ESV
quantshoptrader: Apr. 19 at 9:29 PM
@GregorMacdonald Fed QE of ~$300 Bn is a drop in the bucket in the face of multi-trillion evaporation of non-bank credit. Deflation aliv
canuk1: Apr. 19 at 9:29 PM
@GregorMacdonald Be-BOP: Sudden Stop, does that mean you forsee Higher$GLD, why is it dropping??
Ticker: GLD
CTGFutures: Apr. 19 at 9:28 PM
$JY Looking better and better in this long play. Check out a 60 min chart with CTGFutures LT Paintbars .http://twitpic.com/3mtv4
cathylambert: Apr. 19 at 9:28 PM
@StockTwits Does anyone think $DRYS goes higher? It was top money flow stock Friday$$
Ticker: DRYS
el_coche: Apr. 19 at 9:28 PM
@ZMoose12 be careful of refinery it is hard to make money when your utilization is way down or oil is way expensive PMs get squeezed
GregorMacdonald: Apr. 19 at 9:28 PM
@fleckman Western desert RE is going to be very cheap smack into start of Utility Grade Solar cycle, potentially. What a potential .
IRON100: Apr. 19 at 9:28 PM
@ZMoose12 The steels looked good off of the Mar 9 bounce. Will have to see what the world demand equation is for all else
UrbaneGorilla: Apr. 19 at 9:28 PM
@SCMcDonnell $KIRK… I did trade once, but have been sitting on it since. PO’d. I mistyped 200 shrs instead of 2000 .. D*mn!
Ticker: KIRK
el_coche: Apr. 19 at 9:27 PM
@GregorMacdonald that is at current production with no growth
beanieville: Apr. 19 at 9:27 PM
@gregormacdonald, what is your favorite energy source as investment for next 10 years?
quantshoptrader: Apr. 19 at 9:26 PM
@GregorMacdonald Sure…but ECRI future inflation gauge is a forward-looking, not a co-incident indicator.
Scalper68: Apr. 19 at 9:26 PM
RT @steenbab: Here is an eye-opening look at what $VIX really means for daily volatility/movement in the stock mkt: http://rurl.org/1ie9
Ticker: VIX
powerzero: Apr. 19 at 9:25 PM
@acguitarte was long $FAZ from 30 but averaged down to $13.40 currently. Big e/r week coming but im defs holding till may
Ticker: FAZ
GregorMacdonald: Apr. 19 at 9:25 PM
@el_coche Does CN have 30 yrs of Coal reserves in your data at no growth, or at a growth rate? That is often slippery in Coal data.
ZMoose12: Apr. 19 at 9:25 PM
@fortune8 I was unaware of that ticker until you brought it to my attention. Refiner??
fleckman: Apr. 19 at 9:25 PM
@GregorMacdonald RE Dev & Construc. firmed that I worked 4 turned assets over 2 bank via bk – Bank just sold at 10c & 25c on the dollar.
TradeWithMojo: Apr. 19 at 9:25 PM
@StockTrader1977 Before you sell see $AAPL youtube video and chart …..http://bit.ly/7EvMR
Ticker: AAPL
ZMoose12: Apr. 19 at 9:24 PM
@IRON100 As will I. Also looking heavily into steel and industrials, via $STLD and$CAT. Dying to see those $CAT earnings.
Ticker: CAT STLD
jerchess: Apr. 19 at 9:24 PM
I think the Dow will run up a bit more this week. Big wk for earnings. $AAPLshould be pos. but look out for $AXP Thursday after the bell.
Ticker: AAPL AXP
JAYSHIV: Apr. 19 at 9:24 PM
can $UIS Still go up?
Ticker: UIS
jdmarkman: Apr. 19 at 9:24 PM
Uh-oh. Govt wont let $GS and $JPM repay TARP funds if it’s determined not to be in ‘national economic interest.’: http://bit.ly/18PjuU
Ticker: GS JPM
fortune8: Apr. 19 at 9:24 PM
ends in O=oil related $DXO $TSO $VLO $FRO $DBO $USO …
Ticker: DBO DXO FRO TSO USO VLO
GregorMacdonald: Apr. 19 at 9:23 PM
@IRON100 I’m more interested in forex here than equities. I would like to see the CAD a tad lower for entry.
closettrader: Apr. 19 at 9:23 PM
Thanks to @alphatrends webinar, I have a great watch list for this week. Maybe I’ll sign up for the premium svc sooner than I thought.
ZMoose12: Apr. 19 at 9:23 PM
@Fullcarry $FCX has been on fire lately, and it’s only a third of the price it was prior to Sept. (120 per share). Check steel tickers too!
Ticker: FCX
UrbaneGorilla: Apr. 19 at 9:22 PM
@ZMoose12 $KIRK. I’ll ride it up as lomg as it stays above BBands. An open and close beneath and I’m out.
Ticker: KIRK
GregorMacdonald: Apr. 19 at 9:22 PM
@quantshoptrader Nota Bene: YOY inflation measures right now are so very skewed per last Springs commodity blow-off top.
fortune8: Apr. 19 at 9:22 PM
@ZMoose12 have you considered $FRO ?
Ticker: FRO
el_coche: Apr. 19 at 9:22 PM
@GregorMacdonald China has 30 years of coal reserves left could we export to them maybe?? $NCS to transport to ports then to China
Ticker: NCS
pdenlinger: Apr. 19 at 9:21 PM
RT @juccce: Anyone have recommendations for good water speakers to speak to Mayors in China?? From an energy & efficiency pt of view?
IRON100: Apr. 19 at 9:21 PM
@ZMoose12 This could be a pivotal week for oil and refiners/drillers. I will be watching.
steenbab: Apr. 19 at 9:21 PM
8:21 PM CT – Here is an eye-opening look at what $VIX really means for daily volatility/movement in the stock mkt: http://rurl.org/1ie9
Ticker: VIX
bobbrinker: Apr. 19 at 9:21 PM
Earnings week: http://snurl.com/g8kll
alphatrends: Apr. 19 at 9:21 PM
thank you everyone
GregorMacdonald: Apr. 19 at 9:20 PM
@Fullcarry Seems for China, safest bet is will need lots of Copper in future for electrified transport. Think CN knows car=no future.
CTGFutures: Apr. 19 at 9:20 PM
$AD Currently short June AD$ as per this weeks trade plan – here is the charthttp://tinyurl.com/cuc9vv
Ticker: TSE:AD
CTGFutures: Apr. 19 at 9:19 PM
$AD Currently short June AD$ as per this weeks trade plan – here is the chart
Ticker: TSE:AD
GregorMacdonald: Apr. 19 at 9:19 PM
@el_coche You have to think about Coal globally. US rules and regs will only make it more expensive here. OZ coal exports safer?
ZMoose12: Apr. 19 at 9:19 PM
@IRON100 As do I, which is why I’m in $DXO close to the 2.90 support. A lot of oil earnings as well during this week and next.
Ticker: DXO
Adrigonzo: Apr. 19 at 9:19 PM
@xtapol right there with you, homie. any thoughts on who and/or what is holding down $GOLD at the moment? tcot
Ticker: GOLD
IRON100: Apr. 19 at 9:19 PM
$$ Some of our high end housing inventory sells at 30c/the dollar. But the mid priced stuff did not get hurt much. (SC).
tradecruz: Apr. 19 at 9:18 PM
@theWild1 thanks for chart – $DBA bands are tightening up here – looks to get ready to pop to the upside – need to look at chart more
Ticker: DBA
dakapbj: Apr. 19 at 9:18 PM
@tradecruz $DBA – see some horizontal resistance at 25.50, mothertrend (fromNov) is at 24.75, with floor support at 22.50
Ticker: DBA
quantshoptrader: Apr. 19 at 9:18 PM
ECRI’s weekly leading index, future inflation guage, and leading home price index are down for the week http://bit.ly/pkYFD
IRON100: Apr. 19 at 9:18 PM
@GregorMacdonald I am passionate that if I did not buy into market full bore (which I did not) that I will wait for next technical entry.
pdenlinger: Apr. 19 at 9:18 PM
@Fullcarry It doesn’t. But it can look at growth trend lines in imports of raw materials
byrneseyeview: Apr. 19 at 9:18 PM
@GregorMacdonald Africa, really? Aside from Botswana, they really don’t seem to have it together.
trendtrade: Apr. 19 at 9:18 PM
@ToddStottlemyre @upsidetrader $DAG is double ag, but trades funky and there is credit risk with $DB
Ticker: DAG DB
beanieville: Apr. 19 at 9:18 PM
@bie111 I trades/invests for a living, and you?
pdenlinger: Apr. 19 at 9:17 PM
Major impediment now is breakdown in trade and freight finance because of banks’ withdrawal from business
GregorMacdonald: Apr. 19 at 9:17 PM
@ZMoose12 @StockJockey has interesting post up by Veneroso suggesting oil demand pop on low price in midst of low demand world.
ZMoose12: Apr. 19 at 9:17 PM
@tradecruz I’d watch the 200d SMA in order to confirm a breakdown and the top wedge trend lines to confirm a breakout; 25.50 res.
el_coche: Apr. 19 at 9:17 PM
@GregorMacdonald electricity from coal is priced at .08 kwH which is “cheap” so I should be buying $PCX for an investment ??
Ticker: PCX
IRON100: Apr. 19 at 9:16 PM
@ZMoose12 It is hard for me to define exactly..could be seasonal, not sure. That is why I trade patterns/not news. I find tech. entries.
ZMoose12: Apr. 19 at 9:16 PM
@tradecruz Not an Ag watcher, but from a technical standpoint, there’s a confluence of wedge patterns holding $DBA in the 24 range.
Ticker: DBA
quantshoptrader: Apr. 19 at 9:16 PM
Barron’s Abelson references ML’s soon to depart macro guru David Rosenberg’s We are only “44% … thru adjustment process”
GregorMacdonald: Apr. 19 at 9:15 PM
RT @pdenlinger: @GregorMacdonald Brazil and India (for iron ore) are also beneficiaries of CN’s dollar holdings.
GregorMacdonald: Apr. 19 at 9:15 PM
I do hope that people are noticing that everyone including your grandmother is passionate that the market is overbought.
pdenlinger: Apr. 19 at 9:15 PM
@GregorMacdonald Brazil and India (for iron ore) are also beneficiaries of CN’s dollar holdings.
GTNew: Apr. 19 at 9:15 PM
Dollar up, Gold down, $SPX up in Asia, inflows into U.S. Stocks?
Ticker: SPX
Fullcarry: Apr. 19 at 9:15 PM
Biggest gains in the Stock market follow the biggest down years. Something to think about.
theWild1: Apr. 19 at 9:15 PM
@tradecruz looks like $DBA is funneling out and heading towards oversold -http://www.twitpic.com/3mszp
Ticker: DBA
pdenlinger: Apr. 19 at 9:14 PM
@GregorMacdonald Agree with that view. CN govt. will unwind $ into raw materials.
GregorMacdonald: Apr. 19 at 9:14 PM
@beanieville As I wrote to you, I meant that future electricity is mispriced as too low. I was not referring to solar equities.
Fullcarry: Apr. 19 at 9:14 PM
Gold Oil ratio follows the economy. Same for Gold Copper and Gold Silver.
ZMoose12: Apr. 19 at 9:13 PM
@IRON100 Interesting. So, considering oil is lagging in the demand category, why r we still seeing crude still in the high 40s, low 50s?
SellPuts: Apr. 19 at 9:13 PM
Interesting article highlighting home values approaching fair value.http://adjix.com/c2n7
lo2hi: Apr. 19 at 9:13 PM
Is it me or do I just see this market as overbought? I think of the movie, Wall Street. http://wall-st-wise.blogspot.com/
CTGFutures: Apr. 19 at 9:12 PM
$USDCHF Long Trade in play http://tinyurl.com/c6c9wm
Ticker: USDCHF
GregorMacdonald: Apr. 19 at 9:12 PM
@byrneseyeview My answer is Australia, Canada and also Africa, as beneficiaries of now constant and clever de-hoarding of USD by China.
beanieville: Apr. 19 at 9:11 PM
@gregormacdonald, what precisely did you mean when you said solar was ‘mispriced’ last week?
tradecruz: Apr. 19 at 9:11 PM
@ZMoose12 your opinion on $DBA
Ticker: DBA
IRON100: Apr. 19 at 9:11 PM
@ZMoose12 Well, historically if there has been inflation (demand driven that is), they can run together…but recently they were not.
acguitarte: Apr. 19 at 9:11 PM
$FAZ long at 15.60; shall I sell? when?
Ticker: FAZ
Fullcarry: Apr. 19 at 9:11 PM
GDP math should work to push NGDP higher soon. Drag from housing is diminishing.
IRON100: Apr. 19 at 9:10 PM
@GregorMacdonald That is the position I only want to trade and not own. The invisible value bubble should be easy to burst eventually.
TradeWithMojo: Apr. 19 at 9:10 PM
US Dollar $DXY http://twitpic.com/3msmb – Fear is unwinding out of Gold (ZG)http://bit.ly/RO6ic
ZMoose12: Apr. 19 at 9:10 PM
@GregorMacdonald There are so many things coinciding with the Fed’s money dumping. Will this Pain Trade turn catastrophic @ 875 res.?
el_coche: Apr. 19 at 9:10 PM
@ZMoose12 $GLD and oil go together during inflation but opposite when inflation not a threat
Ticker: GLD
GregorMacdonald: Apr. 19 at 9:10 PM
@TradeWithMojo @ZMoose12 Indeed. There is an unwind of Fear that has to take place in Gold near-term before next move. Cd be 120 days.
Scalper68: Apr. 19 at 9:10 PM
RT @bearcharts: I’m in the camp of those thinking Mon cld usher in ugly PB If it doesn’t, I’ll worry even more at inds that defy gravity.
byrneseyeview: Apr. 19 at 9:10 PM
@GregorMacdonald Who picks up the pieces in this recession? Low-regulation countries (Dubai, Singapore), or stable statists (US, EU)?
ZMoose12: Apr. 19 at 9:08 PM
@IRON100 Saw that you also noticed the Gold-Oil connection… Interesting, because they normally go opposite of each other, correct?
GregorMacdonald: Apr. 19 at 9:08 PM
@ZMoose12 My view is that the Pain Trade is taking SPX higher. Also, if you print enough money, then anything not nailed down catches bid
beanieville: Apr. 19 at 9:08 PM
Twitter guys should take the $1 billion and run. They won’t be able to handle the overcapacity problem.
TradeWithMojo: Apr. 19 at 9:08 PM
http://twitpic.com/3msmb – Fear is unwinding out of Gold (ZG)http://bit.ly/RO6ic
Alexxx76: Apr. 19 at 9:08 PM
$LOOKING to short $INTU..despite the rally, this stock is lookin mighty weak..lets see if it breaks 50dma
Ticker: INTU
mandelbrot: Apr. 19 at 9:07 PM
TR on 4/20: No picks http://tinyurl.com/c9sds3
tradecruz: Apr. 19 at 9:07 PM
@dakapbj $DBA resist at 26 with a possibility of a pullback to 23ish?
Ticker: DBA
pipmaestro: Apr. 19 at 9:07 PM
$GBPJPY covered second 1/2 short position for 31 pip gain
Ticker: GBPJPY
beanieville: Apr. 19 at 9:07 PM
Let’s go Gregor man, time’s a wastin. lol
IntuitiveTrade: Apr. 19 at 9:07 PM
What we see essentially a technical oversold rally spearheaded by technicians &E wave counters & cheerlead by don’t worry, be happy crowd
SCMcDonnell: Apr. 19 at 9:07 PM
@GregorMacdonald So, what do we think of this theory of the fed going ‘negative’? Money having a negative return?
WudIzThePoint: Apr. 19 at 9:07 PM
RT @GregorMacdonald Be-BOP: Sudden Stop http://gregor.us/ldatv
ZMoose12: Apr. 19 at 9:06 PM
@GregorMacdonald Looking @ an $SPX chart, the market seems to be getting more and more choppy… Do you see a pullback occurring soon?
Ticker: SPX
SCMcDonnell: Apr. 19 at 9:05 PM
Twitter over capacity?
SCMcDonnell: Apr. 19 at 9:04 PM
RT @StockTwits: Welcome @GregorMacdonald and everyone to MacroTwits Hour live on StockTwits. Bring it Gregah! http://bit.ly/yWSVu
SellPuts: Apr. 19 at 9:04 PM
going over the weekends data hypothesizing what is in store for monday, futures look red, but not deep red
StockTwits: Apr. 19 at 9:03 PM
Welcome @GregorMacdonald and everyone to MacroTwits Hour live on StockTwits. Bring it Gregah! http://bit.ly/yWSVu

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