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I tell ya
I feel a shift upon us.
Reading stuff
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this a.m. really making me want to hold my SDS positions. :) That dang bear in me rearing its ugly head again :) Correct me if I'm wrong but although these charts are now looking more like the 90's charts technically, isn't the socioeconomic situation a bit different now? for the worse? You'd think at some point this thing (in general) may just switch on a dime and peoples' heads will spin. Am I looking at things wrong????
Just loaded up on FDO. eom.
Well
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.
home again to find another great day in the markets! So in the proverbial 6-9 months timeframe that the markets forecast things are going to be great! I guess. Had stops in place yesterday 20.73. Today none and see it hit 20.72. Now I'm thinking let ops expire tomorrow and see what Tuesday brings. May be real stupid too. I heard the inflation #'s again, the increase in jobless claims, what can you say? S&P hasn't even scratched 1995, 1996 levels yet in the RSI weeklies. And then it took 5 years of nd's b4 it broke. I really thought this historical area of resistance\congestion would yield something. Of course there is another 30 points or so upside that remains. I just didn't think it would get there the 1st attempt.
Vix
SPY volume this a.m.
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just an observation, ridicuously light fwiw. Its the closest thing I have to futures that I can see in depth in my software premarket.
Good read
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.
for 4 years I've muttered to many around me that 2017 was the ultimate bottom. As years pass, I see more and more things written to offer support\migrate in that direction. Then the question is always asked define bottom. ot Still have a tough time deciding what to do with these positions. I can see justification to see this run to the 1370 area. Happy Groundhog Day....again.
Ok thanks.
Still have
.
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the SDS. 1340 line in the sand at this point ~20.73 were my stops.
Also
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you guys noticing the Vix action? Looks kind of interesting.
Ok
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.
I see we had great day! So what are everyone's thoughts that had a chance to watch today? Any detection they achieved their double and ready to take it down? Or perhaps relatively flat until opts expire Friday and then down next week? Still alive by a RCH.
Well
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.
NORMALLY market would freak on those inflation #'s. Ok out to the salt mines for a while. later......Does the overnight futs # officially count for the double? :) NOT!
Hanging for a bit,
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got to start\build a custom laminate top that big box store wouldn't touch. Wonder why. :) So MBA apps were terrible this a.m. and didn't phase futures. Let's see what housing starts do in 15 minutes.
2% so far.
What an idiot.
And once again
DLTR and DG lock step
Just thinking out loud
it really seems a HIGH probability that FDO will have some short term squeeze in the morning that would push it quickly to 58-60 and then back off propelled by all the people that couldn't play it tonite. Dammmmm this is soooo tempting here for a quickee. 3-5% seems doable.
No sir
I wish.
Law,
.
.
Check out FDO AH.
I can only shake my head. :)
zzzzzzzzzzzzzzzzzzzzzzzzzz
I'll take it! :)
Wow! SIRI
got to check what news happened there. Hammered!
Ok I'm here now
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let me put the whammee to it. ~1319 eod.
This is nutz
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assuming #'s are real. http://money.cnn.com/2011/02/14/news/international/china_inflation_cpi/index.htm
Very nice call.
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Thought about GLD at that point but hesitated thinking there may be a bit more downside and would touch the Feb\July tl. Now with Obi-Wan's budget proposal submitted, it appears it may take off as the world sees we aren't serious about our debt. And it is looking strong this a.m.
Law,
.
.
AH looking interesting.
Just added to 2
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of my positions @ 21.04.
You know
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although I'm having my butt currently handed to me, finally taking a few minutes to look closer at some different charts, I have to laugh at the set ups that have been blown off week after week that normally had a decent probability of yielding. I have to leave again soon otherwise I would consider adding at the eod if there is another squeeze. Or maybe I'll catch it AH. Seems pretty sedate at the moment since getting here. Seems SDS may want to touch 20.97(tl) or so now.
RSI
Once again
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.
there is a great H&S in the S&P 60 minute fwiw.
Waiting for DLTR's
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earnings. Still concerned about the inflationary thing attacking their bottom line. Like to see them adjust down for next quarter and maybe get hammered for doing so. That may be a great buy at that point.
Yes I am.
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Digging a deeper hole all the time. Now thinking of setting a stop = S&P 1340. Was wondering if there would be a hangover from the party last week but it doesn't appear that way. Also considered they may drop it once a double was achieved at 1333 or so. Guess I could add here. What do you think?
Buy about 5:15-5:30 a.m.
.
.
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every day and ride it up.
Why's that?
2 points of view
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Futs appear to be rolling over vs. inverted H&S showing 1330 area.
Appears to me $ is targeting 80 now.
I'm
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.
getting closer to going back to e minis for my trading account or IB to at least trade more extreme off hours with the etf's. Almost seems trading is "more pure" at those times with no HF trading happening. But of course the trade off is the lack of liquidity. Ground hog day everyday.