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I post a chart around 10am. Go to check. There is an intraday gap at 10:10am
Boom, 260
Gap closed! now what? maybe up more?
A definite red/green day happens when QQQ and IWM move in the same way. When they disagree with each other, one of them is wrong.
Alright, boys will work hard to fill the gap at 10:10? Darn
Bought puts at 259.8. Will add at 260.5, 261.5, ...
JP Morgan and Wells Fargo have the same result as Citi group, beat EPS, but miss revenue.. Earning is the best thing Da boys can manipulate, hiring some analysts to do some ridiculously low EPS expectation. Lets see what will get today.
ES is trying to fill the gap now. We are likely to gap up tomorrow? Still wait for VIX bottom.
Any British here? What if UK parliament vote Brexit down? Bullish or bearish to market? I just realized there would be a big BS bomb tomorrow.
Nah, price action is strong IMO. I can't feel the selling pressure. Sharp drop and slowly up is common in an uptrend.
will we close at high of day or low of day? I prefer LOD, but it looks hard so far.
ah, okay. Just curious because NN disappeared from here after 2011 too. I thought you two went to another forum. I was looking for clearstation forum, but it seems that one was closed a few years ago. Never mind.
Hey Net, I think you use your OEPM thing to do some long term prediction. What indicators do you use to make intraday trades? Trendline, RSI, MACD?
Tech bro, did you stop trading from 2011-2016? It seems you didn’t post anything here in that period. Excuse my curiosity, I just try to find out some good stuff in your old posts. lol
so it seems too. Patience will pay off. I have mixed signal for Monday, VIX crashed today, and it is likely to have new low on Monday. If we do gap down on Monday, I suspect Da boys will pull it up again like they did in the last a few days. I actually prefer a big gap up and fade on Monday. If that is the case, I pretty much have a plan for the whole week. Citi Bank will lead earning report in Monday morning, and I think it could be bullish
LOL, okay, it seems da boys screw our "history does rhyme" quote. The daily candles dont follow the way in 2008 since this Monday. I told you Da boys read this forum lol. Have a nice weekend and lets try again next week
Why Tuesday? Monday is not holiday, right?
I am tired of pointing out that. lol. I will make no trade until end of day, I will take a one month break.......
Well, the second morning low is rather easy IMO.
Do you see some sell signal? I think it could be premium burning day, you could buy back at low price at afternoon IMO
No idea. I think we are just in a bounce corrective wave from 230s. Every day we have some mysterious buyers in the morning, then selling pressure ceased, and we are marching higher or just grinding.
Looks like churning. IV suggests we only have 1.5 dollar move from now to end of day
Trump won’t give up the wall if he still seeks second term. Curious how the shut down drama will end.
He probably means STO. He is shorting that put to hedge the puts he is holding
Yep. See what Powell said at end
1:30 pm: Toward the end of his talk, Powell sought to emphasize the Fed is willing to change its plans -- if needed.
"We're very flexible in adapting our policy if the economy moves, as it often does, in ways we don't expect," he said.
LOL, if Market needs, Fed is willing to do anything to please stock market. Maybe SEC should record this.
THIS comment probably scared Da Wall Street boys
1:08 pm: Here's more evidence of Wall Street's focus on the Fed's balance sheet: Powell reiterated that the Fed wants to have its balance sheet "return to a more normal level."
Asked what qualifies for "normal," Powell said "I don't know the exact level."
He noted that the balance sheet has declined to about $4 trillion, but that before the 2008 crisis it was below $1 trillion.
Stocks turned negative after the comments, with the Dow recently down about 35 points.
So Fed will sell 3 Trillion more stuff?
It seems Powell is talking the same thing again
12:48 pm: Powell describes the labor market as "very strong," but acknowledges the market turmoil.
"Financial markets are expressing a view of concern about downside risks associated with global growth and with trade," Powell said.
Asked if the Fed still plans two rate hikes, Powell emphasized there is not on a set course.
"We're in a place where we can be patient and flexible," he said. "We're waiting and watching."
Did Powell just start talking? It has been about 1 hour from 12:00pm?
Vix will touch this trendline either today or tomorrow IMO. I thought market will bleed this week, but Da boys slapped my face hard this time. Some puts will probably expire worthless. LOL, maybe try again next week.
Wow, you may be the most experienced person here. You started your OEPM more than 10 years ago, and Techni dude was here too.
Net man, were you trading as Neutral Man back in 2011? Then You disappeared for 5 years, and showed up again in 2016? I am so bored to try to learn some history of this board. lol
This slowly grinding makes me think Bull market is back? lol, some mysterious buyers showed up around 10:15, then we slowly up. Looks like we have the same scripts in this whole week.
Fed Chairman will speak at noon. That is only bomb we know. Of course, Trump's tweet is not what we can forecast.
Just saw statement from China: we will keep in touch with US, and we will keep talking. What a B.S. trade talk. I seriously doubt why market not tanked today and yesterday. I think Da boys probably saw the chart ATH bro post on weekend, so damn bastards changed algo.