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Re: 12/31/2015 Live Update
Posted: Thu Dec 31, 2015 3:37 pm
by Out of Bounds
/NQ new LOD
Re: 12/31/2015 Live Update
Posted: Thu Dec 31, 2015 3:40 pm
by superxy
How about 1st of new year? Any stat?
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Re: 12/31/2015 Live Update
Posted: Thu Dec 31, 2015 3:40 pm
by Cobra
2nd target met, vol surge, could be a rebound here first then we'll see. I'm not sure about another bear leg because it's the 2nd test of day low now, so 40% chances of double bottom here. A sharp rebound would be a bad sign for bears.
Posted: Thu Dec 31, 2015 3:43 pm
by MrMiyagi
Intraday NYMO down to +17.38, despite the drop it is still not at the day's low.
Re: 12/31/2015 Live Update
Posted: Thu Dec 31, 2015 3:44 pm
by fehro
superxy wrote:How about 1st of new year? Any stat?
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Jan 2, 2008 was not pretty.. SPY D fwiw
Re: 12/31/2015 Live Update
Posted: Thu Dec 31, 2015 4:03 pm
by QED
.
Cynical prediction: today at market close, $SPX will be north of $2058.90!
A market you can believe in … [/snark]
Posted: Thu Dec 31, 2015 4:09 pm
by MrMiyagi
!!! POWER HOUR !!!
Re:
Posted: Thu Dec 31, 2015 4:12 pm
by Cobra
MrMiyagi wrote:!!! POWER HOUR !!!
Re: 12/31/2015 Live Update
Posted: Thu Dec 31, 2015 4:13 pm
by QED
From Jon Boorman:
“Make time for this over the weekend: Outstanding BBC interview with Jimmy Page”
http://www.bbc.co.uk/programmes/b06s91g9
.
Re: 12/31/2015 Live Update
Posted: Thu Dec 31, 2015 4:13 pm
by fehro
SPX 2045 goes.. could see a 20-40 point drop.. crazy I know.. VIX spikes!
Re: 12/31/2015 Live Update
Posted: Thu Dec 31, 2015 4:13 pm
by Cobra
3rd leg down, still 40% chances of double bottom if not higher.
Re: 12/31/2015 Live Update
Posted: Thu Dec 31, 2015 4:15 pm
by Trades with cats
Santa Rally & Stock Traders Almanac-
"If Santa Claus should fail to call bears may come to Broad and Wall"
Last 5 days of the year and first two days of January with an average of 1.4% gain. Failure usually proceeds bear markets or at least years where prices will be lower later.
I am a Michigan State Alum so Sparty On!
Re:
Posted: Thu Dec 31, 2015 4:16 pm
by nikman
Mr. M, It seems like the NYMO did not quite continue on to make a "M" shape (despite the drop). It sort of flattened out today. That could mean a moral victory for the bulls?
MrMiyagi wrote:Intraday NYMO down to +17.38, despite the drop it is still not at the day's low.
Re: 12/31/2015 Live Update
Posted: Thu Dec 31, 2015 4:20 pm
by josephli
Trades with cats wrote:Santa Rally & Stock Traders Almanac-
"If Santa Claus should fail to call bears may come to Broad and Wall"
Last 5 days of the year and first two days of January with an average of 1.4% gain. Failure usually proceeds bear markets or at least years where prices will be lower later.
I am a Michigan State Alum so Sparty On!
fuq spartan. wolverines rule!
Re: 12/31/2015 Live Update
Posted: Thu Dec 31, 2015 4:23 pm
by fehro
Weeklies not pretty
Posted: Thu Dec 31, 2015 4:23 pm
by MrMiyagi
nikman wrote:Mr. M, It seems like the NYMO did not quite continue on to make a "M" shape (despite the drop). It sort of flattened out today. That could mean a moral victory for the bulls?
No, not yet, it doesn't have to be a pretty "M", as long as it doesn't turn up.
However, I am debating getting a couple of calls to start 2016. Except that there isn't an extreme reached in anything so the bounce would purely be PPT.
Re: 12/31/2015 Live Update
Posted: Thu Dec 31, 2015 4:25 pm
by josephli
fehro wrote:Weeklies not pretty
I personally prefer another up leg before breaking spx 2046 level.
Re:
Posted: Thu Dec 31, 2015 4:27 pm
by nikman
PPT = Plunge protection team?
MrMiyagi wrote:nikman wrote:Mr. M, It seems like the NYMO did not quite continue on to make a "M" shape (despite the drop). It sort of flattened out today. That could mean a moral victory for the bulls?
No, not yet, it doesn't have to be a pretty "M", as long as it doesn't turn up.
However, I am debating getting a couple of calls to start 2016. Except that there isn't an extreme reached in anything so the bounce would purely be PPT.
Re:
Posted: Thu Dec 31, 2015 4:28 pm
by josephli
MrMiyagi wrote:nikman wrote:Mr. M, It seems like the NYMO did not quite continue on to make a "M" shape (despite the drop). It sort of flattened out today. That could mean a moral victory for the bulls?
No, not yet, it doesn't have to be a pretty "M", as long as it doesn't turn up.
However, I am debating getting a couple of calls to start 2016. Except that there isn't an extreme reached in anything so the bounce would purely be PPT.
Mr.M, I wonder how you handle the negative theta or time decay of your option trade?
Re: 12/31/2015 Live Update
Posted: Thu Dec 31, 2015 4:28 pm
by Out of Bounds
If there were more time on the clock, I would go long here - but this late, who know what could happen.