10/15/2015 Live Update

[JFR]

OK, I will add an entry. Not that I need to. You guys have it covered.

[fehro]

The rent is too damn high

Anyone watching our SKEW chatter on cobra’s overnight board will have seen that record spike to >148 on Monday, which was actually erased on stockcharts the next day (although it remained on yahoo - ^skew – and it remained on barcharts)
Also, just to brag, cobra’s overnight board chatted about it A FULL DAY before it was all over the financial news
Anyway:
Skew Friday 134
Monday 148 (erased on stkchrts)
Tues 135
Wed 151
Today, at the moment 151
ALL THOSE NUMBERS ARE TOO DAMN HIGH
(folks are seeking put protection, especially in OTM puts)

http://www.cboe.com/micro/skew/introduction.aspx

[Al_Dente]

Dr. Obvious thinks the buy stops will trigger > 203.02
And the sell stops at < 202.23

very important we hold here at double bottom, otherwise:

https://www.youtube.com/watch?v=9sLR0vgpeWI

[Al_Dente]

http://www.cboe.com/micro/skew/introduction.aspx

[Daniel]

The most useful thing I learned after 2 semesters of 500 level statistics is that wet sidewalks cause rain, as everyone is demonstrating today. Seriously if you don't prove causation all you have is Mark Twain's "there is a lie, a damn lie and statistics".

The actual phrase is "lies, damned lies, and statistics", the point being that they are all plurals... also, per Wikipedia, "..The term was popularised in the United States by Mark Twain, who attributed it to the British Prime Minister Benjamin Disraeli: "There are three kinds of lies: lies, damned lies, and statistics."

Personally, I always thought it was the decision NOT to bring an umbrella that causes rain.

[fehro]

http://www.cboe.com/micro/skew/introduction.aspx

showing 119.50 today... fwiw

[Out of Bounds]

The most useful thing I learned after 2 semesters of 500 level statistics is that wet sidewalks cause rain, as everyone is demonstrating today. Seriously if you don't prove causation all you have is Mark Twain's "there is a lie, a damn lie and statistics".

The actual phrase is "lies, damned lies, and statistics", the point being that they are all plurals... also, per Wikipedia, "..The term was popularised in the United States by Mark Twain, who attributed it to the British Prime Minister Benjamin Disraeli: "There are three kinds of lies: lies, damned lies, and statistics."

Personally, I always thought it was the decision NOT to bring an umbrella that causes rain.

You mean it isn't washing your car that causes it?

[MrMiyagi]

SPY 1 & 5 minute turning up here at the same time.

[TraderJoe]

This market is starting to 'roll over' and it will head south soon.
Insurance is suggested if you are long...

I was thinking this may happen after 2040 is tagged, next week. But I know very little.

Hi Mr. M,
You know a heck of a lot more than I do...
Are still short selling?

[QED]

Personally, I have found the weather to be statistically inversely correlated to what the weather people (on the local news) indicate it will be.

[Al_Dente]

showing 119.50 today... fwiw

hmmmm, not in my book:

http://finance.yahoo.com/echarts?s=%5ES ... king":true}

http://www.barchart.com/quotes/stocks/$SKEW

[MrMiyagi]

Hi Mr. M,
You know a heck of a lot more than I do...
Are still short selling?

I have a few November SPY puts and October 30th SPY calls. Let's see what happens.

[hunterman]

Ok my input, a few days ago when oil was chugging to 50+ I mentioined that this or next week would mark the cycle low in oil....if I am or was right, then the 45 mark should hold and we will get to the next levels sometime starting beginning or end of next week...once confirmed it holds I will enter swing trade looking for mid 50s....

[TraderJoe]

Hi Mr. M,
You know a heck of a lot more than I do...
Are still short selling?

I have a few November SPY puts and October 30th SPY calls. Let's see what happens.

I sold all my SPY call options at SPY 202. I went short there a few days ago, Nov & Jan puts.

[Daniel]

Personally, I always thought it was the decision NOT to bring an umbrella that causes rain.

You mean it isn't washing your car that causes it?

Yes, that is another viable and well-respected school of thought.

[fehro]

showing 119.50 today... fwiw

hmmmm, not in my book:

http://finance.yahoo.com/echarts?s=%5ES ... king":true}

http://www.barchart.com/quotes/stocks/$SKEW

yeah not sure.. those links above show Oct 15 data... I look at SKEW usually after the market closes.. so not sure if the Tc2000 intra day data is accurate.. don't watch it that closely

[Daniel]

IWM fresh LOD

Strong sectors today: housing, real estate (IYR), financials..

[Al_Dente]

Box (with the required 2+2 touch points) and targets

[Al_Dente]

Never in the history of The Great Snake have we ever gotten to 10 pages while watching paint dry

[fehro]

minor descending wedge intra day SPY 5m LOD goes... target 201.50