Reduced some long exposure over weekend.
Pivot Trend System remains BUY and is expecting market up into early next week.
Have a good weekend, all!
Posts
Morning Post 06/30/2025 SPX
1 hour ago
Friday, June 19, 2009
FoxSwing Real Time Trading index futures
06/19/09 14:44 Short ES U9 @913.50
06/19/09 14:44 Cover Long @913.50
06/15/09 11:20 Long ES U9 @918.50
06/15/09 11:20 Cover Short @918.50
06/09/09 14:24 Short ES U9 @939.50
06/09/09 14:24 Cover Long @939.50
06/08/09 12:44 Long ES U9 @924.75
06/19/09 14:44 Cover Long @913.50
06/15/09 11:20 Long ES U9 @918.50
06/15/09 11:20 Cover Short @918.50
06/09/09 14:24 Short ES U9 @939.50
06/09/09 14:24 Cover Long @939.50
06/08/09 12:44 Long ES U9 @924.75
I am long URE and FAS now
Pretty busy recently, and wish I had time to post more here.
Pivot Trend System remains BUY and is expecting a pop-up to end its call.
Let's see how that plays out.
Pivot Trend System remains BUY and is expecting a pop-up to end its call.
Let's see how that plays out.
Tuesday, June 16, 2009
FoxSwing 10 years results
Foxswing system is updated quarterly.
From 1998 to 2008, we have 4 of 44 quarters lose money
Blue Bar is Yearly profit
Red Bar is yearly max down
Obama to axe bank agency in financial overhaul
Tomorrow will be very intereting
If Street don't like this, it will another big down.
http://www.reuters.com/article/businessNews/idUSN1630800320090617?feedType=RSS&feedName=businessNews
By Kevin Drawbaugh
WASHINGTON (Reuters) - The Obama administration plans to streamline U.S. bank oversight and put the Federal Reserve in charge of monitoring big-picture economic risks in a sweeping regulatory overhaul to be formally unveiled on Wednesday, a senior administration official said.
The Office of Thrift Supervision, a Treasury Department unit, would be closed and the federal charter under which savings and loans operate eliminated under the plan, the official told reporters on a conference call on Tuesday.
The Fed would work in conjunction with a council of other regulators, to be chaired by Treasury, on monitoring "systemic risk" under the plan.
The aim is to avert future problems like the severe banking and capital markets crisis that has hammered economies worldwide since early 2008, without shackling firms so tightly that they cannot drive economic growth.
"There is going to be streamlining, consolidation ... so that you don't find people falling through the gaps," President Barack Obama told reporters earlier on Tuesday.
"Whether it's on the consumer protection side, the investor protection side, the systemic risks ... It's going to be a much more effectively integrated system than previously," he said.
The administration has been discussing for six months how best to tighten bank and market regulation in response to the crisis, with the European Union moving on a similar track, more quickly in some areas than the United States.
Months of debate lie ahead in the U.S. Congress, with many of the proposed changes requiring legislation. Senate and House of Representatives committees have scheduled more than a dozen hearings between now and mid-July.
Obama on Wednesday will also call for establishment of an independent consumer financial products watchdog agency to write and enforce rules on fair lending and other matters.
Other administration goals include forcing financial groups to hold more capital so they can better survive tough times, and bringing more transparency and accountability to exotic financial markets that in recent years expanded far beyond the government's ability to keep track of them.
OBAMA SEES 'HEAVY LIFT' ON REFORM PLAN
The president pledged to pursue major changes, but warned it will be a "heavy lift" politically with special interests already offering opposition. Earlier on Tuesday, the U.S. Chamber of Commerce, the nation's largest business lobbying group, said it opposes key parts of the plan.
The administration wants to give the Fed new powers to police systemic risk as a way to make sure that the failure of one large company -- like bailed-out mega-insurer American International Group, for instance -- does not destabilize the broader economy.
It also will propose empowering the government to seize and unwind large, troubled companies. Part of the proposal would require large, "Tier One" companies to maintain contingency plans for their unwinding in case of future trouble.
The administration will also seek to rein in markets for securitized debt and over-the-counter derivatives, as well as more regulation of money market mutual funds, credit rating agencies and hedge funds.
It will push for changes in corporate governance that could give shareholders more power to restrain executive compensation, as well.
"We are going to put forward a very strong set of regulatory measures ... We expect that Congress will work swiftly to get these laws in place," Obama said.
"But it is going to be as usual, a heavy lift ... You'll hear a lot of chatter about 'We don't need more regulation' and 'government needs to get off our backs,'" Obama added.
"There is a short memory, unfortunately, and I think that's what some of the special interests and lobbyists are going to be counting on, that somehow we've forgotten the disaster that arose out of their reckless behavior. And I'm going to keep on reminding them so we make sure that we get something in place that prevents this kind of situation from happening again."
House Democratic leader Steny Hoyer said on Tuesday that the House will deal with financial regulation reform in late July or soon after Congress' August recess. The outlook in the Senate, which moves more slowly, was unclear.
(Reporting by Kevin Drawbaugh; Additional reporting by Corbett Daly, Karey Wutkowski, Patrick Rucker, Thomas Ferraro, Rachelle Younglai and Emily Kaiser; Editing by Gary Hill)
If Street don't like this, it will another big down.
http://www.reuters.com/article/businessNews/idUSN1630800320090617?feedType=RSS&feedName=businessNews
By Kevin Drawbaugh
WASHINGTON (Reuters) - The Obama administration plans to streamline U.S. bank oversight and put the Federal Reserve in charge of monitoring big-picture economic risks in a sweeping regulatory overhaul to be formally unveiled on Wednesday, a senior administration official said.
The Office of Thrift Supervision, a Treasury Department unit, would be closed and the federal charter under which savings and loans operate eliminated under the plan, the official told reporters on a conference call on Tuesday.
The Fed would work in conjunction with a council of other regulators, to be chaired by Treasury, on monitoring "systemic risk" under the plan.
The aim is to avert future problems like the severe banking and capital markets crisis that has hammered economies worldwide since early 2008, without shackling firms so tightly that they cannot drive economic growth.
"There is going to be streamlining, consolidation ... so that you don't find people falling through the gaps," President Barack Obama told reporters earlier on Tuesday.
"Whether it's on the consumer protection side, the investor protection side, the systemic risks ... It's going to be a much more effectively integrated system than previously," he said.
The administration has been discussing for six months how best to tighten bank and market regulation in response to the crisis, with the European Union moving on a similar track, more quickly in some areas than the United States.
Months of debate lie ahead in the U.S. Congress, with many of the proposed changes requiring legislation. Senate and House of Representatives committees have scheduled more than a dozen hearings between now and mid-July.
Obama on Wednesday will also call for establishment of an independent consumer financial products watchdog agency to write and enforce rules on fair lending and other matters.
Other administration goals include forcing financial groups to hold more capital so they can better survive tough times, and bringing more transparency and accountability to exotic financial markets that in recent years expanded far beyond the government's ability to keep track of them.
OBAMA SEES 'HEAVY LIFT' ON REFORM PLAN
The president pledged to pursue major changes, but warned it will be a "heavy lift" politically with special interests already offering opposition. Earlier on Tuesday, the U.S. Chamber of Commerce, the nation's largest business lobbying group, said it opposes key parts of the plan.
The administration wants to give the Fed new powers to police systemic risk as a way to make sure that the failure of one large company -- like bailed-out mega-insurer American International Group, for instance -- does not destabilize the broader economy.
It also will propose empowering the government to seize and unwind large, troubled companies. Part of the proposal would require large, "Tier One" companies to maintain contingency plans for their unwinding in case of future trouble.
The administration will also seek to rein in markets for securitized debt and over-the-counter derivatives, as well as more regulation of money market mutual funds, credit rating agencies and hedge funds.
It will push for changes in corporate governance that could give shareholders more power to restrain executive compensation, as well.
"We are going to put forward a very strong set of regulatory measures ... We expect that Congress will work swiftly to get these laws in place," Obama said.
"But it is going to be as usual, a heavy lift ... You'll hear a lot of chatter about 'We don't need more regulation' and 'government needs to get off our backs,'" Obama added.
"There is a short memory, unfortunately, and I think that's what some of the special interests and lobbyists are going to be counting on, that somehow we've forgotten the disaster that arose out of their reckless behavior. And I'm going to keep on reminding them so we make sure that we get something in place that prevents this kind of situation from happening again."
House Democratic leader Steny Hoyer said on Tuesday that the House will deal with financial regulation reform in late July or soon after Congress' August recess. The outlook in the Senate, which moves more slowly, was unclear.
(Reporting by Kevin Drawbaugh; Additional reporting by Corbett Daly, Karey Wutkowski, Patrick Rucker, Thomas Ferraro, Rachelle Younglai and Emily Kaiser; Editing by Gary Hill)
Monday, June 15, 2009
FoxSwing Real Time Trading index futures
06/15/09 11:20 Long ES U9 @918.50
06/15/09 11:20 Cover Short @918.50
06/09/09 14:24 Short ES U9 @939.50
06/09/09 14:24 Cover Long @939.50
06/08/09 12:44 Long ES U9 @924.75
This system is still in the testing, although its 12-year test result is very good. For 12 years start from 1998 to 2009 (till May 31), average profit per year is 400 points (from 09/01/2008 the test is real time, and we even made our biggest profit for the quarter 09/01/2008 to 11/30/2008).
However, this system also has high maxdown. That's why we still in testing and further developing. For example, the last trade, we started @939.50, while the ES even went to more than 959, that's $1000 paper loss, and if you can not tolerate, you will cut and loss.
I will update the realtime signal here, but please be caution and please don't follow it if you want to daytrade and cannot loss big.
06/15/09 11:20 Cover Short @918.50
06/09/09 14:24 Short ES U9 @939.50
06/09/09 14:24 Cover Long @939.50
06/08/09 12:44 Long ES U9 @924.75
This system is still in the testing, although its 12-year test result is very good. For 12 years start from 1998 to 2009 (till May 31), average profit per year is 400 points (from 09/01/2008 the test is real time, and we even made our biggest profit for the quarter 09/01/2008 to 11/30/2008).
However, this system also has high maxdown. That's why we still in testing and further developing. For example, the last trade, we started @939.50, while the ES even went to more than 959, that's $1000 paper loss, and if you can not tolerate, you will cut and loss.
I will update the realtime signal here, but please be caution and please don't follow it if you want to daytrade and cannot loss big.
Sunday, June 14, 2009
Sunday afternoon post
Next week will be an opex week. Market could be as tricky as possible. I believe experienced traders will watch more, but move less. In general, bulls are little by little lacking of their strength of pushing the market higher. But timing is everything for a trade. It is probably not the time to go with heavy short positions, even though you have a very strong bearish mind.
The Pivot Trend System remains its buy signal as of last Friday, but as you know, the system is a short term player. As for me, I am flat with no positions at hand.
By the way, I have a plan of improving the current Pivot Trend System and hope that I have time to work on it.
Hope all had a relaxing weekend.
The Pivot Trend System remains its buy signal as of last Friday, but as you know, the system is a short term player. As for me, I am flat with no positions at hand.
By the way, I have a plan of improving the current Pivot Trend System and hope that I have time to work on it.
Hope all had a relaxing weekend.
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