is...itchy
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I concur Mossy... Gold is too bullish and everyone and their mother is saying buy Gold...
I was involved heavily in a good AAU in NYC back in the 90's. I got out because of how disgusting it got. I had 3 kids who played for my team at age 12 who are now in the NBA , by the time they hit 14, I couldn't compete with some of the other programs. They got free gear, cash, and all of the women they could have sex with. And I mean women, 19, 20, 21... The biggest victim was Lenny Cooke, but Lenny also created his own problems...
The thing is, the problems haven't gone away and this will be short lived. Everything is clicking in unison now. Oil, Gold, Spy, Nat gas, they are all performing. It's euphoria, all is well, we are all going to live to be 200 years old. To me, they are just trying to get the market going at 100 mph, only there is a solid cement wall not far off. I am of the belief that all of the previous mentioned will go down in unison as well to bring the sheep back to earth...
The Fed was more Dovish than expected, that's why the markets and gold went higher.
I'm seeing a few things that are calling for 210 on spy... I don't necessarily believe it, but the money flows are giving the signal for it... I don't think it would last very long, but I am still skeptical that it will even get there... I made a significant amount of money on 198 calls that I had... Glad I have had some other projects keeping me from watching the screens all day...
No rate hike and hawkish tone...
Imi Alert
70% to buy
$250 mil to buy
Someone has been selling PFE on the close for the past week.
Imi Alert #2
60% to buy
$750 mil to buy
Imi Alert
60% to buy
$400 mil to buy
I see 1150ish very quickly and then the bull trend continuing. I haven't really looked at GLD so I cannot give you any read on it. I am of the belief that when this market gives out and breaks the prior low, ALL commodities will go a lot higher... even oil...
I have gold heading to the mid 1100's. Dust target short term is 7-8.
We all get guilty of it Imi. Everyday, I need to remind myself to revaluate trades I am in and take a loss or a profit when I don't want to.
Thanks Dollar... Sometimes it is very hard to be disciplined
sounds like a good spot.
Imi Alert
Big buy program hit
90% to buy
$750 mil to buy
I agree with your 204 sentiments. I think that it may push a little bit higher than 204, but I will be looking to get short at 204. I am short gold in here as well. I got long March 18 200 SPY calls the other day @ an avg of 1.40... sold them @ 3.15 today. I didn't want to get cute with the trade. They will go to 6 now that i'm out, but I made out well so f it.
Imi Alert
70% to buy
$100 mil to buy
It's Sonny Black and his crew.... Fugeddahboutit
Anything for you Imi!
Imi Alert #3
50/50
$150 mil to sell
jou gat it maine... Sosa says so...
Where is you "bounce" sign... I love your little "bounce" signs... Glad I got cheap call on spy below 189.75.
I have noticed a lot of light days that are ending up. I was out yesterday, the sell imbalance was over a Billion. Will be curious to see if money picks up on the buy side by the close. I think that 204 gap gets filled by the 18th.
Imi Alert #2
70% to buy
$250 mil on bal to buy.
Imi Alert
75% of orders to buy
it's 50/50 on $
6 milion PFE for sale, but there is belief there is an offsetting buy not being shown.
I was just breaking chops. I only know of 3 people in the world who use the 140 and I am one of them. the other 2 would never post on here... I take absolutely no offense. I'm not looking for credit, just joking around.
Gee, I wonder how you got to using the 140... Wanna give credit where credit is due?
Cross your balls while your at it ;)
I am in line with Smurf's abc down... Even though there is juice to the market, a nominal retrace to the 196-197 area is normal... I think today is a straight selling day... nothing wrong with that since the market needs it to go higher... as Obrien says, it's normal market behavior...
197 target today...
How low will she go today? Struggling to keep pre market gains. 196-197 today?
Another low volume day and the employment numbers are tomorrow... wondering if that will shake this market lose a little. Everything is maxed out overbought. I averaged down on my 199 puts I got yesterday to avg .71...
Dare I say a red candle on the daily tomorrow that takes out yesterday and today's action?
197 is calling spy's name before the next up move...
Also, the 140 SMA is right here above 199 (you know how big I am into that MA). That puts spy at a sell juncture at a quick glance.
Well, as I told you earlier, 197.15 is the support area I have. I think that gives way tomorrow. I see spy going higher once it gets back to the 196. Technically, the market is out of gas up here and this was all distribution today (strong hands to weak). I do think they will take spy up over 200 next week or the week after for opex.
I just saw how low the volume was. I went long 199 puts at the close. Still holding 197 puts. Need a slight pullback (which i also said yesterday. before going higher. Breadth and Volume are shouting it out today.
Imi Alert
70% to sell
$300 mil to sell
Blow off top?
Doesn't mean it will stay that way...
Imi Alert
75% to sell
$250 mil to sell