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Posted: Wed May 13, 2015 2:59 pm
by MrMiyagi
!!! POWER HOUR !!!

Re: 05/13/2015 Live Update

Posted: Wed May 13, 2015 2:59 pm
by jway888
flrtrader wrote:
fehro wrote:ah well.. my USO P sell order didn't get filled in that spike.. would of been a nice +3500% profit.. :roll:

Fehro,

What contracts would you have gotten? I'm looking for a vehicle... Please?

that's
.USO150515P20.5

May 15 contracts 20.5 strike price PUT. :shock:

Re:

Posted: Wed May 13, 2015 3:00 pm
by Cobra
MrMiyagi wrote:!!! POWER HOUR !!!

Re: 05/13/2015 Live Update

Posted: Wed May 13, 2015 3:03 pm
by Trades with cats
Nice headline-"ETF Issuers Quietly Prepare For "Market Meltdown" With Billions In Emergency Liquidity" over at zerohedge. Basic thesis is that credit market liquidity is drying up.

If that isn't enough go read Dr. Hussman's weekly missive in which he describes prior instances of an extended trading range after all time highs with larger volume on down days, no volume on up days. Spoiler alert, you already know the years when this happened. He does say it doesn't mean tomorrow, but just like Cobra he is telling you when this pattern happened before.

Professional money managers don't out perform the market. Private investors do, and some get famous for doing it. I keep hoping somebody on this board will be the next Soros so I can say, yea, I knew them when ;)

Re: 05/13/2015 Live Update

Posted: Wed May 13, 2015 3:04 pm
by Tutti
Trades with cats wrote:Nice headline-"ETF Issuers Quietly Prepare For "Market Meltdown" With Billions In Emergency Liquidity" over at zerohedge. Basic thesis is that credit market liquidity is drying up.

If that isn't enough go read Dr. Hussman's weekly missive in which he describes prior instances of an extended trading range after all time highs with larger volume on down days, no volume on up days. Spoiler alert, you already know the years when this happened. He does say it doesn't mean tomorrow, but just like Cobra he is telling you when this pattern happened before.

Professional money managers don't out perform the market. Private investors do, and some get famous for doing it. I keep hoping somebody on this board will be the next Soros so I can say, yea, I knew them when ;)
^^^
This.

Re: 05/13/2015 Live Update

Posted: Wed May 13, 2015 3:10 pm
by Daniel
Another timely and interesting observation from Rob Hanna (Q.Edges).

"Tuesday was the 2nd down day, after 2 up days after 2 down days, after 2 up days after 2 down days--for the first time ever! #Epic Chop"

:|

Re: 05/13/2015 Live Update

Posted: Wed May 13, 2015 3:10 pm
by fehro
flrtrader wrote:
fehro wrote:ah well.. my USO P sell order didn't get filled in that spike.. would of been a nice +3500% profit.. :roll:

Fehro,

What contracts would you have gotten? I'm looking for a vehicle... Please?
If the set-up is right.. and only right.. near mid-week of a possible larger trend change .. as I've been looking at OIL as of last week's candle... enter/watch the weeklies near mid week/Wed/Thursday, small positions with huge upside.. if it works.. if not.. you lose 100% .. USO 150515 P 20.5 in a tad early yesterday... "shoulda" of waited till today.. but the H&S yesterday seemed legit.. The volatility is huge, as market makers.. try to close the weekly candles bearish/bullish to confirm trend changes.. with allowing the least amount of people in or out... so the moves are vicious usually Fridays, Thursdays. The set-up has to be key... and it can be low risk-(only if the positions are small)/very high reward.. and a sideways move = loss

Re: 05/13/2015 Live Update

Posted: Wed May 13, 2015 3:22 pm
by Out of Bounds
It's like sitting in a tower looking for an earthquake. You know there will be one, but you don't know when or what it will look like.

Re: 05/13/2015 Live Update

Posted: Wed May 13, 2015 3:24 pm
by Daniel
QQQ only major index yet to fill today's opening UP gap.

Re: 05/13/2015 Live Update

Posted: Wed May 13, 2015 3:25 pm
by fehro
Out of Bounds wrote:It's like sitting in a tower looking for an earthquake. You know there will be one, but you don't know when or what it will look like.
LMAO! :lol: :lol: :lol:

Re: 05/13/2015 Live Update

Posted: Wed May 13, 2015 3:26 pm
by Tutti
Out of Bounds wrote:It's like sitting in a tower looking for an earthquake. You know there will be one, but you don't know when or what it will look like.
I think what makes it worse is that since 2009, most traders have figured out to fade weakness and buy that f*cking dip. At some point, when this does roll over there are going to be a lot of dead bulls. How many new traders haven't even experienced a real bear market where we go down 7-8 days in a row, up day and then down another 5...

Re: 05/13/2015 Live Update

Posted: Wed May 13, 2015 3:26 pm
by Denali92
I agree with Cobra - no idea what is going on....

but here is the May opex preview with my primary scenario....

http://www.cobrasmarketview.com/2015/05 ... ay-update/

Have a good one,

-D

Re: 05/13/2015 Live Update

Posted: Wed May 13, 2015 3:30 pm
by Cobra

Re: 05/13/2015 Live Update

Posted: Wed May 13, 2015 3:30 pm
by jway888
Tutti wrote:
Out of Bounds wrote:It's like sitting in a tower looking for an earthquake. You know there will be one, but you don't know when or what it will look like.
I think what makes it worse is that since 2009, most traders have figured out to fade weakness and buy that f*cking dip. At some point, when this does roll over there are going to be a lot of dead bulls. How many new traders haven't even experienced a real bear market where we go down 7-8 days in a row, up day and then down another 5...
and a -600 points down on DOW was a normal day back then

Re: 05/13/2015 Live Update

Posted: Wed May 13, 2015 3:30 pm
by BullBear52x
Yeap the H&S crew got it right, prepare for new LOWs.

Re: 05/13/2015 Live Update

Posted: Wed May 13, 2015 3:32 pm
by Out of Bounds
BullBear52x wrote:Yeap the H&S crew got it right, prepare for new LOWs.
If the market falls and a permabull has walked away from the internet, is it still red?

Re: 05/13/2015 Live Update

Posted: Wed May 13, 2015 3:33 pm
by Cobra
breakdown finally, but don't know if it's for real or not. 2 possible text book targets.

Re: 05/13/2015 Live Update

Posted: Wed May 13, 2015 3:35 pm
by BullBear52x
Out of Bounds wrote:
BullBear52x wrote:Yeap the H&S crew got it right, prepare for new LOWs.
If the market falls and a permabull has walked away from the internet, is it still red?
Bulls was doing so good until he shows up :lol:

Re: 05/13/2015 Live Update

Posted: Wed May 13, 2015 3:36 pm
by fehro
USOIL.. still "may" work... weekly candle close on Friday will be of interest.. right now could go either way.. but a bearish weekly would increase the probability of a short term trend change.. fwiw

Re: 05/13/2015 Live Update

Posted: Wed May 13, 2015 3:40 pm
by Out of Bounds
SPY pivot is 209.74