09/07/2012 Live Update

[Petsamo]

What a v-shaped recovery on USO

Watch Iron Ore miners BHP, RIO, VALE, and others, a nice 10-15% recovery in 2 days after Draghi and China stimulus plan, also QE3 expectations.

I bought some Vale so im a happy seller today. Not for the faint hearted.

I'm in CLF, KOL, & REMX. I sold SID & WLT too early. It was just a few days ago that someone believed VALE was gonna fall off a cliff from cheap iron ore prices.

[MrMiyagi]

Buying back a bunch of naked puts in various stocks/ETFs I had written; I'll see Monday what to do.
They all are in profits with not much more life left in them.

[Al_Dente]

This is day two of SPY piercing her upper bolinger band, daily
Recently this type of piercing was followed by either a horizontal breather, or a bit of a shallow pullback short-term
We’ll see...

[ClarkW]

I posted the chart yesterday but worth posting again. And yes, analogies work until they don't. Take it as it is, information only.

It is interesting how much we followed it this year, including the last two day spike

[ClarkW]

talking heads out, Pandora in. Relaxing!

[Petsamo]

They're trying to sell this thing

[Al_Dente]

BAC is “dome-ing”
If that’s not a word, it should be
One day only, 5 min only

[gappy]

What a v-shaped recovery on USO

Watch Iron Ore miners BHP, RIO, VALE, and others, a nice 10-15% recovery in 2 days after Draghi and China stimulus plan, also QE3 expectations.

I bought some Vale so im a happy seller today. Not for the faint hearted.

In MTL 5.90.

[Al_Dente]

Wake up call y’all
XIV is one cent away from today’s high……….spy is not...yet
http://www.youtube.com/watch?v=gMVGJVgs ... re=related

[Petsamo]

What a v-shaped recovery on USO

Watch Iron Ore miners BHP, RIO, VALE, and others, a nice 10-15% recovery in 2 days after Draghi and China stimulus plan, also QE3 expectations.

I bought some Vale so im a happy seller today. Not for the faint hearted.

In MTL 5.90.

Nice fundamentals

[gappy]

What a v-shaped recovery on USO

Watch Iron Ore miners BHP, RIO, VALE, and others, a nice 10-15% recovery in 2 days after Draghi and China stimulus plan, also QE3 expectations.

I bought some Vale so im a happy seller today. Not for the faint hearted.

In MTL 5.90.

Nice fundamentals

Have a 7 covered call. Poof soon. Will look at it again next week.

[shaca]

2nd day with 59 nyse new lows, probably >60 by the end ( highest level in 45 days )
no doubts about this rally?

[Al_Dente]

Evidently, German banks were the largest buyers of U.S. stinky-sub-prime mortgage bonds
They are finally starting to sue GS for “material misrepresentations and omissions…”

http://www.ritholtz.com/blog/2012/09/go ... Picture%29

[MrMiyagi]

I see no weakening....

[Mr. T]

Nothing can stop this until German court ruling and Ben next week........ that might not stop it either.

[Cobra]

I don't know how many times the day high gets tested. hopefully a breakout this time.

[Petsamo]

Evidently, German banks were the largest buyers of U.S. stinky-sub-prime mortgage bonds
They are finally starting to sue GS for “material misrepresentations and omissions…”

http://www.ritholtz.com/blog/2012/09/go ... Picture%29

They were financial professionals who had the opinion that real estate prices only went up. They learned nothing from Japan's housing bubble bursting.

[MrMiyagi]

Redundant but POWER HOUR is around the corner...

[TraderGirl]

/DX at support....

[Al_Dente]

UVXY is trading at split-adjusted price
nobody cares