08/16/2011 Intraday Watering

[uempel]

Bye guys, today ain't my day...

[Mr. BachNut]

FYI. VIX option expiration is tomorrow. There are a lot of in the money calls at 30 and 27.5 strikes relative to puts. Market makers, if their their books are on the short side, may take a crack at pushing some of that out of the money late in the day/open tomorrow...like picking a ripe fruit. Just a possibility to be aware of...can't be sure.

[wishful]

nothing to say, looks like the market wants to fill the gap. I have some statistics saying the gap should be filled today, but there're always some exceptions, so we'll have to wait and see. Close green would be very bullish, that's also based on statistics but again, there're some exceptions.

what if yesterday's gap filled first, is that bearish?

[Cobra]

the pullback after the overshot is larger than I thought but still doesn't look bearish for now, could be at least the 3rd push up to test today's high before a rollover is possible.

[Cobra]

nothing to say, looks like the market wants to fill the gap. I have some statistics saying the gap should be filled today, but there're always some exceptions, so we'll have to wait and see. Close green would be very bullish, that's also based on statistics but again, there're some exceptions.

what if yesterday's gap filled first, is that bearish?

yes, that'd be bearish.

[uempel]

Bullish flag or tough resistance?

[BullBear52x]

INTC a classic bull flag break out, got to love TA

[Petsamo]

Did we get good news?

[debossman08]

FYI. VIX option expiration is tomorrow. There are a lot of in the money calls at 30 and 27.5 strikes relative to puts. Market makers, if their their books are on the short side, may take a crack at pushing some of that out of the money late in the day/open tomorrow...like picking a ripe fruit. Just a possibility to be aware of...can't be sure.

BachNut,
Newbie here. Does that mean big money will try to keep the VIX below 27.5 (low) resulting in a green/bullish tomorrow?
Thanks for posting. I'm not exactly sure where to get the calls/puts/strike info either.

[Nomorework]

Did we get good news?

No

[Cobra]

well, at least gap filled. what's going on?

[millie]

some german french conference i think?

[uempel]

Sarkozy/Merkel update:

[Tabby]

SODA was a very bad bad dog today.

[StrikePrice]

Looks like Traders came back from lunch a little earlier?!?

Or Europe Traders just jumped in real big here???

[Tuna1889]

Merkel Sarkozy meeting presser at 12:15 eastern. Bulls hoping for Euro bond deal hint.

[BullBear52x]

Bulls look no further, DBV here, lot of money out there.

[Al_Dente]

Happened in two minutes flat. Program trading. Dollar crashed too.

[champix]

Sarkozy/Merkel press conference :
- new financial government in EU
- new "no deficit allowed" rule for all the UE members
- proposal of financial transactions tax

[Petsamo]

I was able to scalp a profit off that chaos!