is...itchy
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
out at 1.82 for a scalp... nice quick 4k
Just got long dec 11 208 puts at 1.42.
what the hell you asking me for... wait a second, let me make a call to have them drop it below it again...
today's paint shows on my daily. hmmm
Intraday yes, but not on the daily.
I have a paint down on Dec 2 as well.... down to 199.40
203.27 paint??? Did anyone else see that?
and very very close to the Aug 19th close... 3 cent difference to be exact.
I feel like Today could totally pull one of those dip and rip days...
I played my short in oil last week and made out ok. I am not touching any energy now. I want to see a break of the downtrend. I have gotten smoked trying to bottom feed on energy before.
I have the feeling that the market will head higher on the 2:30 pit close on Oil. If oil stays stable here until 2:30 or heads higher it could get a decent rally out of the market. That's just my gut.
You gotta knock on the door to the back room and use the password which is "swordfish" :)
Welcome Bots... will you prefer smoking or non-smoking?
All of Friday afternoon's gains are gone. 207.60 seems to be the support on the 15. Firm break of 207.60 and we get to 207...break 207 and 205 could come quickly. I am of the opinion that we bounce here.
I agree on all points. What I am curious to know is the smaller drillers are getting put out of business. If they have leverage on borrowed money, with rates being raised, how much does that exacerbate that? Do we see a wave of defaults? Curious to see how that pans out.
Oil not looking well this morning. Wondering at what point does this become an albatross around the neck of the market. I previously suspected it would drag on the market in the low 40 handle, but the market took it in stride. Now that we've broken below 40, does the market start to play catch up on the downside? Defaults happening? Way too may things I see that are flashing a warning sign.
POTUS last night seemed on edge. Had a conversation with a retired military friend, he thinks boots on the ground in Syria is coming next.
Just too many things that can be a wild card.
I have had a few conversations with chartists who I know. The consensus is we head lower off of here. We have traded to past tops which creates a sell juncture. That was the consensus. I am having problems posting the chart, so I will email it to you.
I bailed at a buck on those 200 puts on spy, Lost 4 k. Net I am up 4k since I made 8k on my oil short. This market is like a freight train today. Turning off my machine though I do feel we head lower into the close. Not worth the effort, money was made and that is all that matters.
Bet you get out at a buck +
Europe closes soon and apparently it's "opposite day" :)
I figured they would have killed each other before an OD...
I saw Blind Melon a few months before that album came out... Shannon Hoon sounded incredible... "Tones of Home" was the best song of their set...
I posted that earlier, sad... Him, Cobain, Layne, Shannon, Andy from MLB.. My youth disappearing ...
"I got a Yellen and she shows me how, to kick the can yeah to kick the can..."
Waiting to see the big red reversal candle on the 15 that will take out the 3 previous green candles.
I suspect we will test 207 again today. Sellers are waiting in the bushes me thinks...
This is the resistance area from yesterday I have as a pin point on my chart. Just got long 200 SPY Dec 11 puts @ 1.20
Oil decided to go cliff diving this morning, will put pressure on equities.
As Scott Weiland would say "I got a Yellen and she shows me how..." Sorry, needed to get that out of the way. Lost another great Rocker today. RIP
Great charts wolf... Maybe the market will use logic now, it hasn't used it much recently... lol
Thoughts on tomorrow.
While anything can happen, it looks like SPY had a bounce off the 140 SMA (which is what I use) and the 200 (SMA most commonly used). I suspect a bounce tomorrow., though I think it won't last long. Not sure of a target yet. There are 2 things to consider: Are they done selling in Europe? and Will oil make another run at 40 bucks?
Should the selling in the US continue tomorrow, I am curious to see what happens over the weekend. Events happening (minor or major) can reverse the market. Yesterday was an event, and the market reversed. Will there be another event to continue this downdraft? Time will tell.
I closed out some 207 puts and 205's. The 205's seemed to have the premium jacked up and that allowed me to make a profit,
I have dca'd UVXY over the past week. No options on that, just straight stock. I am currently profitable and have some tight stops. If by chance it moves to between 32-35 I would be a holder over the weekend.
I feel that Santa won't be as generous as previous years ,heck, he may not even show up.
Why? Fed painted in the corner, worst time of the year for them to have to pull the trigger and I suspect if we get decent downside from here they will kick the can. I think regardless of what they do, the market will react negatively. I think at this time they are thinking "which will have the least negative impact".
oil is spiking... rumor is the tensions between Russia and Turkey are getting worse... of course we knew that would be the case...
So will it be "Jingle Bell Rock" or "A Long December and there's reason to believe, maybe this year will be better than the last..."? That one's for you Risk ;)
The market was expecting a more definitive answer from him. There was general disappointment he didn't speak the same way he has done in the past. His past statements were extremely dovish and traders expected the same today, they didn't get that. There are concerns of a power struggle within the ecb.
The talk on the floor is the Hawks in the ecb have reigned Draghi in. Floor traders think that this will make Europe more vulnerable if the central bank is less nimble.
I got ya.. I thought you were talking about chart pattern. I didn't think about the fed/ecb correlation.
Love that phrase "red soldiers". The 15 has 4 red soldiers... The selling has been pretty heavy, it could fail on this one, but if closes over it, there should be a bounce back over 208.
edit** I see what you mean by red soldiers, full red candles... I misunderstood thinking just and type of red candles.
How so Imi? Hope al is well bud!
If they close it convincingly below 207.40 on this 15 min candle, 206 isn't out of the question today. Oil starting to sell off here as well which may exacerbate it.
the lows on Nov 24th. I have had that line on my 15 min since that day. I apologized I failed to clarify what time frame I was looking at.
207.40 is the first support zone on SPY.
Bandaids on bullet wounds...