02/10/2015 Live Update

[Junior Buffett]

Job opening top 5 Million, first time since 2001!!

Hiring rises 1.8% in December to 5.15 million, highest since 2007

Bears are doomed???

Where's your nice horse picture?
(eaten by a bear??)

I love it.."this" proves that I am not the only one seating on sideline..

If I had asked people what they wanted, they would have said faster horses ----Henry Ford!

[fehro]

SPX.. bounced of the morning gap.. so far..

[Al_Dente]

Xian
https://www.youtube.com/watch?v=hYICfBg-vsI

[Trades with cats]

Are we going to get the normal half hour run up into the European close today?

[Junior Buffett]

Job opening top 5 Million, first time since 2001!!

Hiring rises 1.8% in December to 5.15 million, highest since 2007

Bears are doomed???

Where's your nice horse picture?
(eaten by a bear??)

I love it.."this" proves that I am not the only one seating on sideline..

If I had asked people what they wanted, they would have said faster horses ----Henry Ford!

Here you go budy..I know many people loved that picture..here is for your record!

[Cobra]

probably the low was in for today.

[fehro]

Are we going to get the normal half hour run up into the European close today?

or the lunch hour drift up.. until 1:30 ET.. then once the MMs come back from their martini lunches.. anxious to do some buying/selling.. we will see a move

[Mr. BachNut]

Great piece by Steenbarger this morning:

http://traderfeed.blogspot.com/2015/02/ ... hness.html

Thanks Xian. I could have used that last week.

I had a handful of trades that closed out early in the week.
They were profitable, but big profits got whacked into small profits.
One trade would have been fine, but it was a bunch. (portfolio a little over correlated perhaps... )
Anyhow, I was feeling pretty defensive by the end of the week.
Going into NFP, I had a rather large short in gold and cut the trade in half before the news.
Did well but left a lot on the table.

Reflecting on it afterwards, I did not fault the technical aspects of the decision. A risk reduction was appropriate to the circumstance given the preceding trade.
However, the emotions that were coloring my thinking at the time were not good.
It is hard to hold onto that mental toughness after a few blows.

I think it was Mike Tyson who said: "Everyone has a plan until they get punched in the mouth."

[Cobra]

should be a pullback here first which likely would be bought.

[fehro]

SPX.. possible resistance.. VIX looking a tad weak

[soku]

easy channel and trend lines on es 15m

[Al_Dente]

ART MARKET [where the whales frolic]
the most expensive work of art ever sold, in the history of ever
Gauguin $300million
http://www.bbc.com/news/world-europe-31183733

[Anaconda]

Sorry for the delay on this, but I did get a couple pbars this morning...here's the latest for those that follow that sort of thing....all down to the same spot.
GL,
A

[Cobra]

lots of long up shadows, selling pressure is high, cannot believe SPY simply keeps going up.

[BullBear52x]

This might be last sell intraday for bears, but always sell 2x top.

[Xian]

Great piece by Steenbarger this morning:

http://traderfeed.blogspot.com/2015/02/ ... hness.html

Thanks Xian. I could have used that last week.

I had a handful of trades that closed out early in the week.
They were profitable, but big profits got whacked into small profits.
One trade would have been fine, but it was a bunch. (portfolio a little over correlated perhaps... )
Anyhow, I was feeling pretty defensive by the end of the week.
Going into NFP, I had a rather large short in gold and cut the trade in half before the news.
Did well but left a lot on the table.

Reflecting on it afterwards, I did not fault the technical aspects of the decision. A risk reduction was appropriate to the circumstance given the preceding trade.
However, the emotions that were coloring my thinking at the time were not good.
It is hard to hold onto that mental toughness after a few blows.

I think it was Mike Tyson who said: "Everyone has a plan until they get punched in the mouth."

Been there, my man. Been. There. Probably rarer for you than it is for me.

In this business sooner or later everyone gets punched in the mouth. It's how you re-group afterward that defines character. And you're BachNut— one of the best on the board. Remember that shit next time emotions start trying clog your thought train. You the damn man.

[BullBear52x]

early warning sign of things to come, Fear.

[Xian]

Xian
https://www.youtube.com/watch?v=hYICfBg-vsI

Perfect call this morning Pasta. Perfect.

Thank you

[Jennyahwu]

early warning sign of things to come, Fear.

do u mean VIX will go up soon and spy will go down soon? thanks

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2015/02 ... ay-update/