08/22/2013 Live Update

[user13]

http://online.wsj.com/article/SB1000142 ... 27410.html
- All NAS options are halted too

THANKS USER13
that link says trading is halted in all NASDAQ securities

please post updates, y'all......

Np here is a timeline
http://www.streetinsider.com/Insiders+B ... 27313.html

[Cobra]

double top. still i need see bears exceed the target.

[Out of Bounds]

I can not see how we stay above 165 now.

[user13]

This is crazy how do you shut down an entire exchange in the middle of the day

[cletus]

VIX at support...a break below and we head higher...if it holds support possibly a pullback, but tomorrow's aspects are bullish....

The principles of "support" and "resistance" don't apply with the volatility index. It is a calculation based on inputs from the options market of the S&P (in the case of the VIX quoted in the media). Support and resistance only apply to instruments that are traded. Support refers to a condition where buyers previously came in to buy or short sellers are trapped short and want to cover. Resistance is a level where people are trapped long and want to get out or short sellers want to sell more.

VIX can only be described using statistics and the proper term would be expressed through probability, not support or resistance. For example, the exact odds of the VIX reaching any level can be ascertained using historical closing values, assuming it is understood that the VIX is in one of two states: above 20 and rarely below (a bear market), or below 20 and rarely above (a bull market).

Here is the probability density of the VIX during secular bull markets (which we're in now). Clearly above 16 the odds of the VIX continuing to climb are drastically diminished.

[TraderGirl]

SPY Wedge...

[fehro]

huge vol bar on SPX 60m? Nasdaq still experiencing system problmes... AAPL still halted plus many more

[Cobra]

target met. and now we have another double top target.

[Out of Bounds]

This is crazy how do you shut down an entire exchange in the middle of the day

They need to unplug it, wait 3 minutes and plug it in.

[TraderGirl]

VIX at support...a break below and we head higher...if it holds support possibly a pullback, but tomorrow's aspects are bullish....

The principles of "support" and "resistance" don't apply with the volatility index. It is a calculation based on inputs from the options market of the S&P (in the case of the VIX quoted in the media). Support and resistance only apply to instruments that are traded. Support refers to a condition where buyers previously came in to buy or short sellers are trapped short and want to cover. Resistance is a level where people are trapped long and want to get out or short sellers want to sell more.

VIX can only be described using statistics and the proper term would be expressed through probability, not support or resistance. For example, the exact odds of the VIX reaching any level can be ascertained using historical closing values, assuming it is understood that the VIX is in one of two states: above 20 and rarely below, or below 20 and rarely above.

Here is the probability density of the VIX during secular bull markets (which we're in now). Clearly above 16 the odds of the VIX continuing to climb are drastically diminished.

Well, I am sure your information is correct...but SUPPORT held on the VIX and SPY did not...this is intraday only...

[TraderGirl]

This is crazy how do you shut down an entire exchange in the middle of the day

They need to unplug it, wait 3 minutes and plug it in.

Yes, that always works!

[L_T]

This is crazy how do you shut down an entire exchange in the middle of the day

They need to unplug it, wait 3 minutes and plug it in.

God help them if NASDAQ runs on Windows......

[jademann]

TG would anything today change the bullish call for tomorrow?

[Cobra]

unable to exceed the target, so the chart is not bearish yet. lunch time, will be back.

[gappy]

This is crazy how do you shut down an entire exchange in the middle of the day

They need to unplug it, wait 3 minutes and plug it in.

[user13]

I guess the fed has less stocks to POMO now so the market will go up? lol

[TraderGirl]

TG would anything today change the bullish call for tomorrow?

Not that I can tell...of course nothing is ever a sure thing...but the market holding up well so far...

[BullBear52x]

Wew! the good guy show up on time, everything is back to normal now.

see what happen when they lay off the bankers.

[TraderGirl]

this wave pattern on the Q's indicated a move down...so NDX probably opens down...if they don't open by the end of the day...then tomorrow may open lower...??

Tomorrow weekly options expire...may be some selling...

[rhight]

Does anyone think that the volume spike on $SPX (Stockcharts) at 12:43 could possibly be real?