Ad astra per aspera...
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GOOG pi..ing me off. Better come down soon. Why is it just going up and up and up, jesus. Are they buying like it's going 1000 tomorrow? lol
No idea why SPY is going up again:
Seems like they're just buying like idiots for no reason.
Iran is threatening oil flow. Europe financial system is teetering. Unemployment is high. & Obama is playing cat & mouse with the congress.
AAPL wow!
GOOG chart: Toppy here. RSI at very overbought and black candle forming (as of now, but that can change in the course of the day). Either way if it doesn't end up red then probably tomorrow and Friday.
Just can't see this going up forever without some corrections. Also 1hr chart MACD turned. Very overbought.
SPY aurevoir mon amour. Gap close to 125's coming???
SPY 126's! Weeeeeeeeee
In GOOG 650 W Puts @ 1.25
Out SPY 127 W Puts for lil gain but wasn't enough. I think i'll stop trading SPY for a while. The Options just don't give a high enough return lately as well as premiums erode quicker than i'd like them to.
You might be right. Looked like a disaster yesterday being red while markets up so much. But also there's like 45% short on the float. If there's a squeeze it could be parabolic.
I'll be watching that 26-28 level area and if it holds, maybe a little bounce from there.
What??? You didn't slap the ask on the long side of SPY after this huge gap up for no reason other than a new year?
lolz
Looks like EU doom is back a little. W€€€€€€€€€ :)
GOOG nHOD ouch!
I bet we'll not hear from you telling us what your loss is as you only come here to laugh at others and post whenever you have a gain, lolz.
GOOG Dropping Big here... buying 645 Puts
yup SHLD mega POS. Especially on this big green day in markets. But SHLD float 45% short, if and when there's a short covering squeeze it can be supernova.
I might not touch it or if i go in then with a Calls/ Puts spread.
For now it looks like the bears on this POS might be correct and we see 20's soon.
BUT it could also be a accumulation/ bottom formation here at around 31-32 (give/ take a buck) and then do a 'dead-cat reversal'. Especially since RSI/ MACD is so oversold. They sometimes bounce first before heading lower.
Psychological support is around 30, if that one breaks below then mid/ low 20's coming.
FOMC "MEH" lol - Whatevs zZzzzZZzzzzz ;) Waiting for the sell-off in few min's
NO QE3!
non issue? you mean because it's empty there?
SPY: What do you guys expect from the FOMC in half hour? Should it influence it in any way?
Nice you got a better entry than me. I shoulda waited 10-20 min's longer :) it's often hard to predict where it tops out.
Let's bank nicely later :) Huge gap below, 30min/1hr chart turning from very overbought.
SPY oooooopsies! lol
SPY ooopsies!
SHLD: what a POS, even on such a big up day on the SPY
SPY went into 127 Puts @ .64-.65 for later
SPY 128's! I'm still waiting... might go Puts later. I have no idea why this big gap + rip today but I guess must be because of new year :)
XOM: I'll probably stay away from touching XOM Puts for a lil' while with all the Iran tensions/ Oil spiking.
SPY 30min/ 1hr chart definitely a 'lil' overbought already, lolz
Are you happy to see me or is that a SPY in your pocket?
XOM: Venezuela shrinks nationalization payment to Exxon
(Reuters) - Venezuela's PDVSA said on Monday it will pay Exxon Mobil Corp $255 million in compensation for nationalized assets - less than a third of what the U.S. oil giant said it was awarded by an arbitration panel.
SHLD Oversold Analysis (Video) by The Contrarian Trader:
What do you think?
SHLD: Yeah maybe. Sometimes the oversold RSI/ MACD conditions can also be deceiving. I like to hear both sides.
Have also seen Contrarian Trader's view, which I find interesting too:
XOM: A good Puts play maybe for next week and this month (my personal target 77's gap should be possible this month). But it might open a little higher on Tuesday due to the news, thus I wouldn't go in right away :)
Anybody ever used the "Iron Condor"? Is it any good?
How fast do you think SHLD will be in the teens (15.00-17.00), this month already? And what do you think of the very oversold chart conditions and gap above? You think despite that it will break down below 30's and even 20's?
Btw love your videos. Keep up the great work and happy new year.
2012 Fisker Karma - I want this car!:
But I don't really need it. Still nice piece of wagon
http://www.autoblog.com/2011/02/21/2012-fisker-karma-first-drive-review-road-test/
Tell me why are markets closed again tomorrow? Lazy ass Wall-St
Market Outlook for 2012 (Video):