bought SDS (2000) late yest at 18.08 sold this morn 18.42 Bought SSO (1000) at 47.96 sold at 48.56 rebought SDS at 18.42 (2000) sold at 18.53, I`m done, Some Happy Hour money
Cobra wrote:I don't know what to say about this market, why people so bullish here?
Hi Cobra. I think it is likely due to high hope of more QE coming from Jan 24-25's Fed meeting. It may have something to do with the recent rally from 1200 to 1290. Otherwise it is hard to imagine the market has power to go up almost 100 points without any good news from Europe. Please read the following CNBC article about this. http://www.cnbc.com/id/45977098
all recent econ news are good, aren't they? So definitely no QE.I don't think market is betting on this.
Hi Cobra, maybe QE its already here in form of the european LTRO...... and if this is the case we may be setting ourself up to more down movement here its a link of a diminished returns of each QE by david rosenberg. It fits well at this juncture http://pragcap.com/the-diminishing-returns-of-qe
Decliners still >2000. Dollar still strong. I have my stop set at 83 ES (one tick above bounce high) and thinking of moving it to around 79.75 (one tick above last test of resistance), either way....i'm "letting it ride" so to speak. I'm ok with a slow grind down -- it will break eventually. Not sure who would want to be long for the long weekend?
don't want to jinx shit...but this consolidation above S2 with moving averages converging overhead as strong resistance on the 5minute SPY SHOULD....repeat SHOULD in a God existing world (which may be the problem)...indicate an impending breakdown of S2 and a revisit of the LOD.
waverider wrote:Thanks for sharing that link Jarbo, I was looking for live options feeds.
i watch that one daily. that kid...yes he's a KID (and this is coming from me who's only 30), is very good at giving color on the VIX market. i'm also a long time student of vix and all the jazz that goes into vol and implied vol (i almost exclusively trade futures and options).
Futures are much more exciting with these narrow intraday ranges lately.
"The only way to get a real education in the market is to invest cash, track your trade, and study your mistakes"
waverider wrote:Thanks for sharing that link Jarbo, I was looking for live options feeds.
i watch that one daily. that kid...yes he's a KID (and this is coming from me who's only 30), is very good at giving color on the VIX market. i'm also a long time student of vix and all the jazz that goes into vol and implied vol (i almost exclusively trade futures and options).
Futures are much more exciting with these narrow intraday ranges lately.
no doubt that the grinding is bad for the long options trader...so just write some...just don't get your ass handed to you when all of this starts to explode.
jarbo456 wrote:don't want to jinx shit...but this consolidation above S2 with moving averages converging overhead as strong resistance on the 5minute SPY SHOULD....repeat SHOULD in a God existing world (which may be the problem)...indicate an impending breakdown of S2 and a revisit of the LOD.
please don't jinx it! bears need to hold below 1280 ES.
jarbo456 wrote:don't want to jinx shit...but this consolidation above S2 with moving averages converging overhead as strong resistance on the 5minute SPY SHOULD....repeat SHOULD in a God existing world (which may be the problem)...indicate an impending breakdown of S2 and a revisit of the LOD.
please don't jinx it! bears need to hold below 1280 ES.
think i just did. think i'll pipe down for a bit over here...
BullBear52x wrote:Crazy lines, how could a line be a resistance to our financial? Crazy Crazy
Baron von ChaiseLounge
I miss the old days (last month) when u used to post yr heiniken hibachis
Here’s mine, I even changed the settings to your 5ma just for you. I’m changing it back to my settings any minute, so you better look quick. http://stockcharts.com/h-sc/ui?s=SPY&p= ... =249501314
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
stucap wrote:Decliners still >2000. Dollar still strong. I have my stop set at 83 ES (one tick above bounce high) and thinking of moving it to around 79.75 (one tick above last test of resistance), either way....i'm "letting it ride" so to speak. I'm ok with a slow grind down -- it will break eventually. Not sure who would want to be long for the long weekend?