04/10/2014 Live Update

[Mr. BachNut]

Yesterday's high held. If there had been shorts to squeeze, they would have been squeezed.
Yesterday's low on the other hand was broken.
The big neckline is coming back into view.
Bulls may have to defend it...again.
As Scotty from Star Trek would say... "I don't know how much more she can handle."
Thar be stops below. They say no stops go untouched.
Bears need to bust that neckline.
Opportunity for bulls is to convert drop into double bottom. Sooner the better.
Let's see what happens.
Where's Janet?.?.?

[MrMiyagi]

Pretty sure next Cobra post will say "Consolidation favors Bears".

[BullBear52x]

If 4th time bears can not make a home runs. this market will never ever forever going down again.

[Cobra]

vol surge, hopefully it means rebound which likely would be sold again though.

[Mr. BachNut]

Today VIX is 14.61 and VXN is 18.81

XOM at the money call option implied volatilities are 13.03 and AAPL at the money call implied volatilities are 15.81%

XOM call volatility is undervalued relative to VIX

AAPL call volatility is undervalued relative to VXN

So smart money may be buying Equity calls as high as 247% on the Equity Indices, suggesting Market UP

Heck, energy quotes have been bullish. XOM options may not be correlating well to broader market at the moment.
Are you seeing other blue chips and such with underpriced vols?

[Mr. BachNut]

If 4th time bears can not make a home runs. this market will never ever forever going down again.

Amen.

[flumanchu]

.
There is limited POMO left between now and next week due to yesterday's ramp.

The target for today was 1804 based on POMO.

The target for next Thursday is 1809.

It will descend to those levels by next week.

.

[Out of Bounds]

Closed shorts 184.42

[MrMiyagi]

spy

[Out of Bounds]

Closed shorts 184.42

Done for the day. Need to decompress.

[uempel]

Let's see ...

[fehro]

SPX 60m... close to 50d @ 1843.58 ... messy 60m .. messy complex H&S for the bears

[L_T]

2768.png

2769.png

I got this:

We're never going down again!

[MrMiyagi]

I got this:

We're never going down again!

[Cobra]

hopefully this rebound can last a little longer while I'm out lunch. see you later!

[Denali92]

I do find your POMO predictions to be and thought provoking....

Thanks,

-D

.
There is limited POMO left between now and next week due to yesterday's ramp.

The target for today was 1804 based on POMO.

The target for next Thursday is 1809.

It will descend to those levels by next week.

.

[fehro]

SPY daily.. was that a retest of the blue bearish rising wedge yesterday?.. possible bull flag green.. again 184ish area key.

[BullBear52x]

I see the last nail.

[q2model]

2770.png

Did you ever test p-Bar fulfill rate? They have been very accurate recently.

Also, where do you get there from?

Thanks

[MrMiyagi]

Did you ever test p-Bar fulfill rate? They have been very accurate recently.

Also, where do you get there from?

Thanks

No test but about 75% fill rate. I get these from TD Waterhouse platform.