07/30/2012 Live Update

[BullBear52x]

Boring, I am checking out.

Thanks Cobra and everyone, GLTA

TA note: SPX:VIX and UP:DN Volume are in sell mode. stick to it for now. as you can see my SSO set up chart here, MACD is about to agreed with me.

[Al_Dente]

PAGING Baron von Hero
She’s a mama now; u just stay away from her
http://www.youtube.com/watch?v=0IA3ZvCkRkQ

[taggard]

[quote="EvilTrader"]VWAP test failed.

This thing is volatile and wants to hurt both sides. Careful.


i wouldn't phrase it this way--but careful sounds reasonable. tight range action (i am on qqq) is a way to wast valuable resources. the key is to retain energy for the really good moves. pacing your self is an art. how do you feel by the end of the day watching 5 min charts--how about the end of the week. are you more tired on thur and fri? if so is there a way to conserve energy during mon-wed.

if one must trade the range then you buy the bottom and short the top--in qqq today (so far) that was about 64.7 to 64.9. a tiny gain can be made using options doing this. if you hit it just right. should you trade this for "fun" or "to get an education" (sigh)? the other way to trade the range is wait for the break and jump on (purists will want to see the break tested.

each to his own--and every range is different.

however my vote is(most of the time) to use the time and energy to do stuff that is in your face at other times when the action is better. Further the reference above to "the end of the week (weak)" is esp important given the wed/thur action. Another point is we had an epic bar on friday--it's typical to have a small range bar after that--the real key was to catch fried day--yet another end of the week move. Bottom line? consider how you spend your time and energy we have limited amounts and it is all about allocation models.

good luck to all

[Cobra]

nothing to say. I just hope it won't be like this for the next 2 days.

[Unique]

nothing to say. I just hope it won't be like this for the next 2 days.

I think it is good for bulls, at least they're making it look like they have a chance (riding out overboughtness, digestion, consolidation is good here blah blah blah)

Higher high is fulfilled...now sideways don don don until wednesday....

[BullBear52x]

PAGING Baron von Hero
She’s a mama now; u just stay away from her
http://www.youtube.com/watch?v=0IA3ZvCkRkQ

Thanks, Dr. Al.

Paging Dream Chaser, gtg.

here it is:

[usctrojan99]

Until wednesday, this is the perfect environment to sell weekly calls and puts and collect premium.

[MrMiyagi]

POWER HOUR

Starting with a leg down...

[Mr. T]

POWER HOUR

Starting with a leg down...

Starting with a nap - which is an overlap of the nap from earlier in the day.
So that's a bearish nap from what I understand....... but from my point of view - naps are good.....
Maybe a bearish nap is more like hibernation than actual nap....... and that's bullish.

[Al_Dente]

The bottom panel is inverted TRIN
Kind of looks like that “fiscal cliff” pattern
Which some senators are now calling the “physical cliff”
oy

[EvilTrader]

ZH reporting extremely low volume today

http://www.zerohedge.com/news/nyse-volu ... to+zero%29

[EvilTrader]

Looks like daily SPY candle at close will be very bearish

[MrMiyagi]

BOOM!!

[Al_Dente]

PAGING Mr T

If it wasn’t so pathetic/true I’d be ROLFLOLONTHEFLOORMAO

[Cobra]

the 3rd time on the upside, now the bias is on the upside. again, I'm not sure.

[Cobra]

very boring day, if you have nothing to do, at least could vote for me thanks. http://stockcharts.com/public/1684859/tenpp

[BlackThought]

voted for u cobra. boring day.. bought a few more puts

[EvilTrader]

the 3rd time on the upside, now the bias is on the upside. again, I'm not sure.

i hate to sound like a broken record, but i dont like VIX behavior today.

Everything seems so bearish...maybe its my eyes only

Ill be the first to jump the bull bandwagon but just not now. I did it @135, see no reason for the market to go up aside more Fed or ECB action.

[Mr. T]

very boring day, if you have nothing to do, at least could vote for me thanks. http://stockcharts.com/public/1684859/tenpp

If you're running for Prez - you have my vote.

They could have a problem trying to figure out who my write in candidate is....

Poll Worker "Cobra?!? Who's that? Cobra Commander?"
Poll Worker #2 "Cobra Starship?"
Poll Worker #3 "It's a snake = could be any politician. Count it as a mystery and throw it in the trash".

[pablorynx]

anyone remember what inside days are supposed to signify?