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i agree unless we gap above that number on monday at open. the market is close to picking a direction imo.
eventually he will have to be right. it may be 2016 or 2020 but at some point the market will crash.
the spy has formed a pennant. we May come out of it next week and if we do it goes higher
thats bullish right?
good start vish. i think its going to pan out here. a strong close on the markets and even ah's its still moving up.
I'm pretty sure it will it was stuck in this tight range along with everything else today. it's a bad day to be holding options and I have been holding since earlier this morning so premiums have really got me today. i'm going to continue to hold thru next week and just see what happens.
this is ridiculous. move already
bought pcln 1240 at 2.1 flr next week
good job!
ndx premiums on the call side are cheap now
That could be true. I just know yesterday crude oil hit a six-year low and when that happened, that's when the market started to drop. longer-term the drop in oil shouldn't have that much affect negatively. if anything it should be a positive catalyst because the majority of companies that use all and gas are going to report very high earnings.
i would have bet anyone that spy would have hit 210 and appl 117 by week end and now it looks to have a better chance to hit 207 than 210 but this 207.90 area needs to hold to stay within the descending triangle.
i think commodities have to find a bottom for the market to rally. oil killed the momentum yesterday.
what strike you looking at?
this may be a noring day today.
hey nolerman. wanting to get your take on the market going into next week. i picked up 1240C pcln and ndx 4630C and was looking good until 2:30 today and it crashed and burned. Just wondering your thoughts. thanks
pcln had a very disappointing close.
we need spy above 209, ndx above 4550 and aapl above 116.20 and this market will go
yes more than i should have paid but i think i will be okay. 5.2 on them
The market needs to break out right here
i picked up pcln 1240c for next week
tsla rocking
aapl is right on a resistance line though
possible 120 by week end
gm morning guys
wellthatsnot good for us. volatilityis the name of the game. movement equals potential profit.
another big day of volatility?
indicators say up on the 4 hour, 2 hour, and 1 hour...i think tomorrow ndx hit 4510 and spy maybe 208 area but only if a gap down at open...then i think spy to 210 and ndx to 4575 area
i guess i should have read this first before my last post.
pcln filled the gap. it should be ready to go north
are u just looking at aapl today long? what about ndx? any thoughts
China steps in to support yuan: Report http://www.cnbc.com/id/102914077
what about amzn 530C nolerman? it has been showing signs of strength. even with all the market downward pressure it is staying in the same $10 area.
i agree as 112 is decent support on aapl but what strike? 114C or 115C
Also i would be weary of being a bull today unless ur right and PPT steps in. Europe down 1.5-2.5% and the descending triangle broke big so far which typically leads to a couple days of negativity. BUT it could be a BTFD day.
its interesting it happened and the next day the triangle broke lower in a big way.
yes aapl may be a great long trade today imo.
someone tell me how to play this open? holy smoke!
futures!! wow!
Well maybe im wrong. death cross on dow jones, broken out of triangle to the downside as well. I didnt expect this move but china has so much influence and are unpredictable and uncontrollable.
wait till morning. may be better
wow that makes no sense but it is sognificant