06/15/2012 Live Update

[fehro]

some of you maybe aware of this, so for others who are not.
http://www.oanda.com/corp/oandainsights ... -55514120/

[Petsamo]

Petsamo, aren't you glad you didn't short this....NAV....

I missed the opportunity to buy when it was -2.7% yesterday. I missed a second opportunity to buy when it dipped, just before the big rally.

... I've never shorted anything, but I have messed with inverse leveraged ETFs.

[BullBear52x]

And....since we have lower low fib extensions is still valid, so here is the measurement of it.

[sgregs]

Another icon of wall Street bites the dust today - Gupta! Debt levels, lack of ethics, HFT etc., all play into the viability of the markets.

They are "icons" as they buy themselves an image in an attempt to cover that without an education they'd be stealing hub caps and running numbers.

Showing ethics on Wall Street does not place a glass ceiling above your head, it puts a descending concrete stone over it where if a bag man is needed, then "TAG...You're It".

I know traders whose biggest fear is hearing, "FBI...put down your phones and sit right at your desks. Do not get up"

I worked on the Street for 25 years and finished as a CEO. I feel very strong about the lack of ethics and mindless debt accumulation and intervention. There used to be a "prudent man" rule and "know your customer" rule. ZIRP essentially breaks both of those customer platforms by pushing investors into unsuitable risk based securities. How can any regulatory agency or Central Bank allow a market to trade on the "hint" of QE whatever policy instead of fundamentals and qualitative TA analysis? "We hang the petty thieves and appoint the great ones to public office." Aesop

[OverUnder]

They are making much too big a deal of the Greek elections, IMHO, very exaggerated.

[TraderJoe]

TJ: I was busy at work this morn' but I saw ur post and wanted to comment: aren't the puts cheaper than the calls?


Also << most sheople are expecting a big up market Monday >>

That says it all.[/quote]

Actually, I saw a higher premium in the puts which also shocked me a bit..

[btran874]

GM to all...
I would appreciate your input on this when you have time.

From what I have heard and read, most people are expecting a big up market Monday (most believe Greece won’t opt to leave the Euro) yet many brokerage firms were advising their clients to get out of the market.

Central banks are reportedly preparing for coordinated action to provide liquidity if needed (another plus).

I was reviewing the SPY and NUGT options this morning and I was surprised to find that on SPY there were almost 2X more puts traded as calls and on NUGT, there were 4-6X more puts traded as calls. The options players are betting on gold and the markets down Monday???

What is your crystal Ball telling you or what do you think will happen come Monday???

TJ: I was busy at work this morn' but I saw ur post and wanted to comment: aren't the puts cheaper than the calls?


Also << most sheople are expecting a big up market Monday >>

That says it all.

Uh wrong, most sheepple are expecting a gap down Monday. Fund managers are advising clients to withdraw and stay in cash.

[Cobra]

still fighting resistance. wait. very boring day.

[cougar]

Important for the markets...Volpinacci's secret sources:
"Greek cherries are priced now close to the tickets for the Nude Mocracy Show,somewhere between 32 and 33."

[Petsamo]

still fighting resistance. wait. very boring day.

Looks like an inverse H&S

[cougar]

DDD (update) : it appears that getting a collar and unloading it was the right thing to do…so far.
But the fat lady did not sing, yet!

[uempel]

still fighting resistance. wait. very boring day.

Cobra, what I don't like about being long here is the big fuss about Monday - everybody/everything is suggesting a pop - too obvious as a trade

[BullBear52x]

DDD (update) : it appears that getting a collar and unloading it was the right thing to do…so far.
But the fat lady did not sing, yet!

Cougar can you please post IWM this weekend if you got time. thanks.

[uempel]

btran874 - I hear/read/see the opposite

[TraderGirl]

still fighting resistance. wait. very boring day.

Cobra, what I don't like about being long here is the big fuss about Monday - everybody/everything is suggesting a pop - too obvious as a trade

Energy charts pointing to a lower open on Monday...??? We'll see...

[OverUnder]

Yes and dollar actually pulling back along with this right shoulder.

still fighting resistance. wait. very boring day.

Looks like an inverse H&S

[TraderGirl]

The downward trend line must have meant something because we pulled back from it....I suppose by the end of the day we could make another try...

[MrMiyagi]

The downward trend line must have meant something because we pulled back from it....I suppose by the end of the day we could make another try...

Where does the top of your trend start at datewise?

[ukarlewitz]

Cobra
What is the MA you use on your NYSI non stop model?
Thank you,

[essessme]

amazing demand for puts - the es weeklies at $17.5 OTM puts are double the price of the opposing calls I cannot recall ever seeing such a wide pricing imbalance for such relatively close to the money structure..oops sorry meant 27.50 OTM strikes