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08/09/2011 Intraday Watering

Re: 08/09/2011 Intraday Watering

Postby 67Chevy » Tue Aug 09, 2011 3:27 pm

hiram wrote:sometimes only looking at things from a ta standpoint will leave u high and dry, over the next days and weeks people are going to wake up to the fact that dividend stocks make much more sense than gov fixed income. ultra low intrest rates will never be bad for equity, economics 101. at the decision i shorted vix and bought fas calls....

hiram


We are on the same wavelength there Hiram but instead of shorting VIX, I went long with the inverse XIV...we'll see how it plays out
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Re: 08/09/2011 Intraday Watering

Postby shumushu » Tue Aug 09, 2011 3:29 pm

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Re: 08/09/2011 Intraday Watering

Postby tonghu » Tue Aug 09, 2011 3:37 pm

hi, Cobra, do you have the statistics of the performance between FOMC day and the next? positive or negative correlated? thx

Cobra wrote:very good, bulls did much better this time.
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Re: 08/09/2011 Intraday Watering

Postby Cobra » Tue Aug 09, 2011 3:40 pm

bulls still need clear the overhead resistance - the red line. overall, not bad, if you look at Global ES.
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Re: 08/09/2011 Intraday Watering

Postby Cobra » Tue Aug 09, 2011 3:41 pm

tonghu wrote:hi, Cobra, do you have the statistics of the performance between FOMC day and the next? positive or negative correlated? thx

Cobra wrote:very good, bulls did much better this time.


no. but you can check my public chart list, chart starting with 6.x.x, about SPX and FOMC, you can do statistics yourself.

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Re: 08/09/2011 Intraday Watering

Postby hiram » Tue Aug 09, 2011 3:42 pm

67Chevy wrote:
hiram wrote:sometimes only looking at things from a ta standpoint will leave u high and dry, over the next days and weeks people are going to wake up to the fact that dividend stocks make much more sense than gov fixed income. ultra low intrest rates will never be bad for equity, economics 101. at the decision i shorted vix and bought fas calls....

hiram


We are on the same wavelength there Hiram but instead of shorting VIX, I went long with the inverse XIV...we'll see how it plays out


good show old boy all the best lets see where we end up i try not to get to elated but i feel like im exactly right, which may mean im wrong....lol
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Re: 08/09/2011 Intraday Watering

Postby shumushu » Tue Aug 09, 2011 3:44 pm

Target 1149 reached. exited half.
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Re: 08/09/2011 Intraday Watering

Postby Cobra » Tue Aug 09, 2011 3:45 pm

the 3rd time testing the resistance, I think it had good chances.
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Re: 08/09/2011 Intraday Watering

Postby 99er » Tue Aug 09, 2011 3:46 pm

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Re: 08/09/2011 Intraday Watering

Postby Petsamo » Tue Aug 09, 2011 3:46 pm

Everything's honky-dory again! Image
Twitter @jackwag0n
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Re: 08/09/2011 Intraday Watering

Postby Me XMan » Tue Aug 09, 2011 3:48 pm

:lol: :lol: :lol: :lol: :lol: :lol:

Petsamo wrote:Everything's honky-dory again! Image
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Re: 08/09/2011 Intraday Watering

Postby Cobra » Tue Aug 09, 2011 3:49 pm

multiple resistances here, guess we'll have to wait for tomorrow.
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Re: 08/09/2011 Intraday Watering

Postby agnosia » Tue Aug 09, 2011 3:54 pm

market is trading higher on our weak dollar. so net net the market is flat . have a good one guys
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Re: 08/09/2011 Intraday Watering

Postby shumushu » Tue Aug 09, 2011 3:54 pm

Guess the bond market is wrong.
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Re: 08/09/2011 Intraday Watering

Postby Tabby » Tue Aug 09, 2011 3:55 pm

Did anyone see Fas drop to $8.72 today?
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Re: 08/09/2011 Intraday Watering

Postby Cobra » Tue Aug 09, 2011 3:58 pm

well, guess, that's it for today, a good day for bulls but it's far from repairing all the damages done in recent days, so I still expect this rebound will fail eventually, not today of course, thank you guys, I'll see you tomorrow!
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Re: 08/09/2011 Intraday Watering

Postby hiram » Tue Aug 09, 2011 3:59 pm

Tabby wrote:Did anyone see Fas drop to $8.72 today?


i did, and i bought, lol.... banks make huge spread on low intrest rates, plus they pay dividend.

hiram out..

p.s i hold over night
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Re: 08/09/2011 Intraday Watering

Postby 67Chevy » Tue Aug 09, 2011 3:59 pm

hiram wrote:
67Chevy wrote:
hiram wrote:sometimes only looking at things from a ta standpoint will leave u high and dry, over the next days and weeks people are going to wake up to the fact that dividend stocks make much more sense than gov fixed income. ultra low intrest rates will never be bad for equity, economics 101. at the decision i shorted vix and bought fas calls....

hiram


We are on the same wavelength there Hiram but instead of shorting VIX, I went long with the inverse XIV...we'll see how it plays out


good show old boy all the best lets see where we end up i try not to get to elated but i feel like im exactly right, which may mean im wrong....lol


I know the feeling all too well. Good call, bet your options are way in the money now. I am still learning so I'm hesitant to play options on the VIX but trying to get there.
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Re: 08/09/2011 Intraday Watering

Postby hiram » Tue Aug 09, 2011 4:02 pm

67Chevy wrote:
hiram wrote:
67Chevy wrote:
hiram wrote:sometimes only looking at things from a ta standpoint will leave u high and dry, over the next days and weeks people are going to wake up to the fact that dividend stocks make much more sense than gov fixed income. ultra low intrest rates will never be bad for equity, economics 101. at the decision i shorted vix and bought fas calls....

hiram


We are on the same wavelength there Hiram but instead of shorting VIX, I went long with the inverse XIV...we'll see how it plays out


good show old boy all the best lets see where we end up i try not to get to elated but i feel like im exactly right, which may mean im wrong....lol


I know the feeling all too well. Good call, bet your options are way in the money now. I am still learning so I'm hesitant to play options on the VIX but trying to get there.


bought aug16 dollar calls for .36 and at the bell they are trading for .92 more to go so i need to be paitent...

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Re: 08/09/2011 Intraday Watering

Postby Tabby » Tue Aug 09, 2011 4:06 pm

hiram wrote:
Tabby wrote:Did anyone see Fas drop to $8.72 today?


i did, and i bought, lol.... banks make huge spread on low intrest rates, plus they pay dividend.

hiram out..

p.s i hold over night


BB, MACD work very well with Fas. There is going to be Faz time soon. On FOMC day, fins are the good one to play. C has not reached Phantom bar 32.9095 yet.
I won't believe if you would've bought Fas at $8.72. We were already in $14 when my screen flashed $8.72.
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