02/20/2013 Live Update

[uempel]

Check upper band of DMA 13/1 at 1524.70

[gappy]

Almost time to scalp buy SPY 152.56 from last night

1st gap down to fill 152.35.

[Al_Dente]

It might be fair to say that the PPO 1/200/1 (how far above the 200ma are we?) on SPY has issued a sell signal.
But it could bounce again; it could get more overbought….
Perhaps it is more accurate to say that the PPO hasn’t been more stretched since last Sept (red circles with arrows).
THIS IS DAILY, NOT INTRADAY.

[TWT]

$DOW: Same idea like for SPX

[Cobra]

members only update at 11:11 am
http://www.cobrasmarketview.com/2013/02 ... ay-update/

[uempel]

If am looking at the charts of GOLD and SILVER right, they are hitting the bottom of the bull flag patterns today. Should be a IT bottom?

[Unique]

Almost time to scalp buy SPY 152.56 from last night

1st gap down to fill 152.35.

SPY on 20EMA 60min now.

[KeiZai]

DAX : love that market

O: viewtopic.php?f=2&t=830&p=118469#p118469

EDIT: DAX can be still in the 4th wave btw we will see

Euro-bucky

O: viewtopic.php?f=2&t=828&p=118425#p118425

not updated

[gappy]

If am looking at the charts of GOLD and SILVER right, they are hitting the bottom of the bull flag patterns today. Should be a IT bottom?

Gold.png

slv.png

[johnnywa]

$SPX: Third Ending Diagonal Project

So far so good , nice backfill/test,lets see if 1524 holds

[L_T]

Looking for advice: I'm short JOY but now there are takeover rumors (why now??? grrrrr) so would the headline risk scare anyone else out of this trade? It's via puts not common so the loss isn't too pretty. On the other hand if they do get a bid I will get smoked. Thoughts? By the way this is a monetarily small position so nothing I'm losing sleep over. However I do like to make the best decision possible despite the actual dollars involved. Thanks everyone.

Just my worthless take: is it small enough size to absorb a sizeable loss should the rumor become reality? If it is that small, why carry the trade in the first place? While its been a tough market to short, I would imagine that there must be other candidates that don't carry a risk-of-ruin type trade for you and that allow you to carry a larger sized position??

That's the perspective I was missing. There is always another opportunity elsewhere with better risk/reward profile. Thanks.

[Cobra]

rebound indeed, but normally this bear should have legs.

[gappy]

Almost time to scalp buy SPY 152.56 from last night

1st gap down to fill 152.35.

SPY on 20EMA 60min now.

Turned @ 152.59. http://www.youtube.com/watch?v=Tj96QFzOL5Y

[L_T]

Looking for advice: I'm short JOY but now there are takeover rumors (why now??? grrrrr) so would the headline risk scare anyone else out of this trade? It's via puts not common so the loss isn't too pretty. On the other hand if they do get a bid I will get smoked. Thoughts? By the way this is a monetarily small position so nothing I'm losing sleep over. However I do like to make the best decision possible despite the actual dollars involved. Thanks everyone.

Technically the stock doesn't look that good to short. Up since Feb 8. Momentum up.

Fundamentally it has always been a strong stock in my opinion in value. High ROE. Low P/E.

For me I would see no reason to short. With rumours of takeover, that is doubly so.

Just IMO ...

My thesis was a bear flag while price action remained below key moving averages (daily chart) thinking it would re-test recent lows. It opened today at my stop so I guess there really wasn't a question as to what I was going to do. I need to stick to index ETF's or something similar with less news-driven risk.

[L_T]

Looking for advice: I'm short JOY but now there are takeover rumors (why now??? grrrrr) so would the headline risk scare anyone else out of this trade? It's via puts not common so the loss isn't too pretty. On the other hand if they do get a bid I will get smoked. Thoughts? By the way this is a monetarily small position so nothing I'm losing sleep over. However I do like to make the best decision possible despite the actual dollars involved. Thanks everyone.

I'm out. The risk of being blown up is greater than the chance I want to take on making money on the trade. I need to stay away from individual issues if I want to avoid this kind of risk in the future.

That was a cruel gap LT
happens to the best
THANK YOU FOR SHARING THAT
GL2u

This is why I'm glad I kept it small. There is another trade waiting somewhere.....speaking of which what is up with oil?

[wayne0708]

Wake up the bears!

[Cobra]

Wake up the bears!

be careful kissing bears.

[L_T]

JOY update ...

It's the best performing stock in the S & P 500 right now ha ha.

Now I'm wondering if there is any interesting option volume......

[Unique]

Almost time to scalp buy SPY 152.56 from last night

1st gap down to fill 152.35.

SPY on 20EMA 60min now.

Turned @ 152.59. http://www.youtube.com/watch?v=Tj96QFzOL5Y

Well, that was a quick and easy buy scalp...Now we must wait for the 2 hour flat fest...then 2PM fomc minutes...zzZZzzzZz

[uempel]

Quite surprised if support 1525ish brakes on a closing basis...