As US Decouples From World, Stocks Decouple From USD - News and Current Events | futures io social day trading
futures io futures trading

As US Decouples From World, Stocks Decouple From USD
Updated: Views / Replies:200 / 0
Created: by Quick Summary Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

As US Decouples From World, Stocks Decouple From USD

  #1 (permalink)
Quick Summary
As US Decouples From World, Stocks Decouple From USD

UPDATE: ORCL missed. $8.8bn Rev vs $9.23bn exp., 54c EPS vs 57c exp. - Stock -9% AH

With ES (the e-mini S&P futures contract) managing to pull over 40 points off overnight lows (bringing back memories of the 11/30 global bailout rampfest), we saw correlated risk assets disconnect one by one as the day proceeded. First to leave the party was FX carry (or more simply the USD) just before Europe closed. Then Gold stabilized and stopped accelerating and credit markets also went only gently higher/stable in the afternoon. Oil kept on lifting with stocks - helping Energy stocks lead the way (up over 4% on the day) - but even Oil went flat within an hour or so of the close. The only other asset that seemed to be correlating and self-reinforcing was the Treasury complex - most specifically the 10Y and the 2s10s30s butterfly but it was the former that had the highest correlation overall and kept going right to the end. Volume did die away towards the end but surged right at the close as average trade size picked up and ES started to roll over a little - pros selling into the close? Who knows but there was little else supporting ES up here on the day and with the 'news' ahead on LTRO take-up - maybe better safe than sorry.

Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).

ES and TSYs stayed tick for tick as most other risk assets (specifically DXY above) fell away as the day wore on. With an hour to go Financials were the clear winners on the day having trumped Energy stocks, but by the close Financials had lost their leadership role and were over 0.5% off the highs of the day. Of course that didn't take the shine off the day for JEF longs but we remind them that remain long after hours, we have seen these kind of Euro-related jumps before in this non-belwether belwether stock and while bonds did rally today - nothing like as positively as the squeeze in stocks would suggest. Also - and we are reaching here - MS, BAC, and C are still down for the week here as we close - despite a solid up move today.

Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).

HYG continues to outperform - pulling healthily off the late day dive yesterday. We can't help but get more and more suspicious that whenever we see a decent dive in HYG, the market comes roaring back but maybe that's just our paranoia. ES did outperform broad IG and HY credit this afternoon.

Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Commodities broadly rose on the equity exuberance with Oil up almost 4% on the week and Copper 1.5% but as is clear in the chart - the afternoon saw relative stability in the face of another 1-1.5% extension in US equity markets. Gold is outperforming the USD this week handily as Silver disappoints so far.

We know it might sound a little silly but this did not feel like a huge short squeeze in other than a few specific names - when we look at the performance of the most shorted names for instance, it was consistently 0.5% outperforming the broad market all day and did not accelerate as it typically does when short squeeezes come on...this felt more like a low volume melt up from an overshoot last night supported by hope for tomorrow - we will see.

UPDATE: ORCL chart - huge volume dump and -9% after hours.

Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).

More on ZeroHedge...

Reply to share your thoughts on this current event.


futures io > > > > As US Decouples From World, Stocks Decouple From USD

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

Wyckoff Hunting for Great Risk/Reward Ratio w/Gary Fullett

Elite only

Digging into the Details of iSystems w/Stage 5 & iSystems

Jun 5

Similar Threads
Thread Thread Starter Forum Replies Last Post
China Services PMI Crashes As US Lags Not Decouples Quick Summary News and Current Events 0 December 3rd, 2011 06:30 PM
Recovery Seen Next Year for World Stocks After Dire 2011 Quick Summary News and Current Events 0 September 29th, 2011 09:10 PM
EUR/USD Tick Chart tosmonkey Currency Futures 14 February 12th, 2011 08:03 PM
Migrating from ES to EUR.USD mainstream Traders Hideout 10 July 5th, 2010 07:03 PM
My GBP/USD analysis and trades TraderDTS Trading Journals 1 February 8th, 2010 05:31 AM

All times are GMT -4. The time now is 02:36 AM.

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-05-26 in 0.08 seconds with 19 queries on phoenix via your IP