cageybee77 said:

---

What do you guys think of RKT's graph....thinking of buying some.

---

McInnis 03 said:

---

FJ43 said:

---

McInnis 03 said:

---

I want to learn the Emini Micro Futures, but I'm not sure paper trading on TOS can give me a realistic experience to learn from.....may be my best effort to learn though.

With as many people on here scalping SPY for a few points here and there on options, the attraction to using these levels without theta decay for a few points here and there is REALLY appealing to me.

---

All ears brother. Lead the way.

---

Only a fool would follow me.

That being said, I'm POSITIVE that there are some here that are MORE than capable of explaining the Micro Emini futures. From what I've seen, every point you capture on the S&P Micro is worth $5, and every point on the Micro Emini NASDAQ is worth $2. This all goes with no decay. Your ability to play these levels as already displayed seem to indicate you may have a calling to this. I'll be looking at paper trading this using the 5min /ES chart as my goto and I'll be using the MACD 2-line indicator, MACD histogram indicator, and possibly seeing if it correlates with ParabolicSAR and ParabolicSAR Crossover. I'll mostly be focusing on the MACD combo though and will work to see if I can scalp for a few points and leave runners........paper trading of course.

---

FbgTxAg said:

---

Fruit 4/1 123s turning GREEN

---

austinAG90 said:

---

Wednesday Macro

Treasuries Struggle in Face of Biden's Multiple Stimulus. Quarter End Disappoint

10 years hit 1.74+ about midnight last night and have rallied marginally starting at 6 am to 1.72... We have to ask ourselves, that in the face of one of the biggest reallocations and reasonable duration extensions, and we are still near the high yields of the last year, what will happen to rates in the next 36 hours... Both Nomura and Bank America have either side of 1 million jumps in Non Farm Payroll Friday morning... While there has been some short covering, the brunt of traders are short treasury exposure, and looking for a significantly steeper curve... Could we be in for a liquidity taper tantrum starting tomorrow? Or on Good Friday, when the Bond market is the only market open. With no ability to hedge via ETFs as those markets will be closed.... And then we get this piece from Yellen this morning, talking about charging an exit fee for selling open end bond funds during illiquid times....we quote from a bond article this morning

"The open-end bond fund structure requires a fundamental rethink," . "You are promising immediate liquidity against assets that aren't that liquid" in stressful times.
That dynamic has prompted regulators such as Fed Governor Lael Brainardto ask if there should be a liquidity surcharge, or swing pricing, for investors trying to exit during a panic -- a nudge to get them to stand pat."

And the above is talking about the lack of bond liquidity since the street has been changed since 2008...where they changed dealer rules about holding bonds, even though that was not the issue of 2008...

Back to today... 10 years have support at the 1.77, the high of the other day... 5 years .95... And long bonds 2.44... We think these should hold in until the 3 pm hour... And might hold in a few minutes more as Biden announces he will try to get the corporate tax rate back to 28% from 21%... Hopefully a compromise will be forthcoming, if not equities will be under pressure as it will knock off the expected 2022 earnings... But the incessant stimuli being talked in DC should push 10 years to 2%..1.875 first then 2%. The question is whether that happens quickly or whether that gets mitigated by Japanese buying... Which will come in some time next week... But no one, not even the Japanese, want to catch a falling anvil of higher rates..

Where will rates be over the next quarter?...we have to answer that for a client presentation today... 2% seems baked in for 10 years, but that may not be enough.. 5 years seem to have a 1.31 potential... That would put 10 years at 2.25... But we still fear that as we approach these numbers a stock market tantrum could happen, tempering the rate rise... We have more work to do...Corporate spreads are still okay, but we need to see how this exit fee that Yellen is talking about will affect corporates...

Expect a very choppy end of the week....

---

McInnis 03 said:

---

Is today 4K day?

---

oldarmy1 said:

---

UPWK close to breaking out.

---