JC

Equity Trader at a US Investment Bank. All market views are my own and not those of my employer.

[JC @jotec90]

@dommsito @BearBullTraders Interested what platform you use to backtest or just via journaling?

[JC @jotec90]

@JoshuaLisec Sample size of 1

[JC @jotec90]

@johnfcarter Any books you recommend re cycles please John?

[JC @jotec90]

So we cared about potentially finding a vaccine for the Coronavirus this morning so the market rips. Now WHO spokeman says "no known effective therapeutics against this virus" and the mkt doesn't sell off?!

[JC @jotec90]

ASKED ABOUT REPORTS OF CORONAVIRUS TREATMENT "BREAKTHROUGHS", WHO SPOKESMAN SAYS "THERE ARE NO KNOWN EFFECTIVE THERAPEUTICS" AGAINST THIS VIRUS - RTRS

[JC @jotec90]

pricing is 50/50 for rate cut today...

[JC @jotec90]

UKX Index +1.59% on the day.

UK grocers traded well. MRW LN +2.39%, TSCO LN +1.01% and SBRY LN +1.93% on the day.

UK Utils SSE LN +1.99%, SVT LN +1.25%, CNA LN +2.13% on the day.

UK banks choppy but closed lower. LLOY LN -1.96% and RBS LN +0.73%

[JC @jotec90]

***BOE****
Carney's Final Meeting

Last unexpected BoE rate cut was 4th August 2016.

Vote was 9-0 on rates.

6-3 for increase qe.

Statement was more dovish than exp.

[JC @jotec90]

🍿 Nothing like a good old fashioned grime war 😂

[JC @jotec90]

@BoyFromLambeth This is literally the only reason why I think it will get pushed over the line today.

[Mike Bellafiore @MikeBellafiore]

Reading the Tape remains the very best signal for active trading. Essentially it is telling you what is likely to happen next with the stock you are trading. It does take work and screen time to build these skills. But they are essential for elite active trading.

[JC @jotec90]

Oh and Greek debt (3mo) now -ve yield!!! What is the world coming to.

[JC @jotec90]

Shock. Markets down ~3.5% MTD and we get +ve headline news going into Thursdays trade talks. BTFD.

[JC @jotec90]

UBI FP just broke key support level.... SI in this name is high at 11% of FF OOL (21 days to cover). Ghost Recon Breakingpoint is receiving bad reviews... name reports 30th Oct....

[JC @jotec90]

STORMZY - WILEY FLOW https://t.co/2mBJQYVs5n via @YouTube

Forever listening to this on repeat

[JC @jotec90]

A trader through and through. Guy used to go to the shop before closing just to buy discounted sandwiches. Even returned a pair of tracksuit bottoms he bought at lunchtime after coming back to his desk to find out the position he’d left on at the time was heavily offside 😂

[Tom Dante @Trader_Dante]

A book about the rise and fall of British futures trader Navinder Singh Sarao who made $70million from his bedroom will be released in May 2020. 🔥

https://t.co/H9ZpJT422r

[JC @jotec90]

You a fuul if you smoke da juul

[Complex @Complex]

The seventh person has died from lung disease believed to be vaping-related in California: https://t.co/kvXiZXJtsc

[JC @jotec90]

6) Forward guidance - is there a change to fed guidance? Currently “to remain at present or lower levels at least through the first half of 2020”

[JC @jotec90]

Thoughts on ECB tomorrow.

Market reaction is highly dependent on six variables so difficult to make a conviction call going into the meeting.

[JC @jotec90]

4) Types of assets being bought - EGBs, corps, covered bonds or bank debt?

5) Duration of QE package - DURATION MATTERS. How long any program lasts. Cons est 12mos (range 6-24mos)