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NQ again the strongest (least %down) today with both AAPL & GOOG green .... when they crack, NQ will play catchup very quickly to the downside.
Looks like we may get that Whoosh down into the close to wipe out the last 3-4 days of gains.
pmiles, agree that NQ is very strong. Everyone chasing AAPL, GOOG & RIMM.
Another question could be is will the other weaker indices start pulling NQ down over the next few days? :)
The Generals fall last and when they do .... they go down much harder and faster.
PS, I think we start the trek down towards your targets starting tomorrow - bought back my Q puts & QID today.
Great job nofluff ... good call on 48+ last wk. Enjoy your vacation - time for us bears to make money now :)
Be, I'm with you too ... bought back the QID & Q puts this morning that I sold last wednesday morning.
I know you only see 15-30 mins but I'm holding these for a few days - we should be in great shape by EOW :)
Got to SPX 1510-15 area
Still think we will close in that area tomorrow.
http://www.investorshub.com/boards/read_msg.asp?message_id=20785323
daav - could you post the link to the board that smooth_shot posts please?
smartone, down some tomorrow but then up again friday to catch the 401K at high and paint a very rosy EOQ statement for mom and pop :)
PS ... 1506 is possible today
50dma target - then maybe the inevitable afternoon selloff.
Sold my QID & Q puts at the open this morning.
http://www.investorshub.com/boards/read_msg.asp?message_id=20785323
PS .. I think we bounce now over next couple days
If we do, what your target - I'm thinking SPX 1510-15
Downdraft done ... bounce next couple days
Was hoping for a more severe decline yesterday ... but now looks like EOM/EOQ/FED/401K stuff will come into play now and take SPX back to the 1510-15 area by friday.
Sold Q puts and QID at the open ... will reload later.
Gleno RE: QID price
proshares announced distribution today - QID was around .41 cents and so it opened down by that much. You should get a cash dividend for that on 7/2
http://www.proshares.com/funds/distributions
SPX : 2nd consective daily close under 50dma
Except for the temporary shanghai driven meltdown period (feb27) when the SPX traded below it's 20 & 50dmas, today was another weak close below both it's 20 and 50 dmas.
IMHO, the 50dma @ 1507-08 should stop any bounce.
Watch the Bulls try to pick and buy support
SPX 1487 then 1480 but I'm afraid we may not find support for this phase of the fall till the 1455-65 area.
Nice job Poker!
Looks like all the studying is paying off ... your calls lately have been good.
Agree on focussing on the SPX ... that seems to be the 'lead vehicle' for turns etc. I like to trade the Q's and it's derivatives but have begun watching SPX very closely now.
Thanks for sharing your work. QID and Q puts doing well :)
Weakness should continue early next week.
Omandan RE: reading last post
Click on Favorites and for each of your favorite boards bookmarked, under the 'New Posts' column, there should he a blue underlined hyperlink to the unread posts e.g "13 Unread". Clicking on the link for the SPY board should directly take you to the 'next to the last post you read'.
If there are no unread posts for a board, it just says 0.
Aire that fits well with the 200dma target I had in mind
SPX 200dma is in the 1420 neighborhood currently and there is a tendency to go below it a little during the 4.5 yr lows.
Thanks as always - it's been tough but staying short :)
4th test of SPX 50dma coming up
If it cracks and closes below, bears will take 'full control' early next week, IMHO!
Bloody Friday?
How can that be - LOL! Just when everyone figured out that friday's are always Green, the rules have been changed!
Glad I held on to those puts and my QID :)
(Ever) Green Friday
13 in a row ... everyone has noticed it and is expecting it now!
Blackstone IPO tomorrow - insiders cashing out to the masses.
Two, they're toying with both bulls and bears today
Mr. Market at it's best :)
The Generals are holding up the NDX100 ... every other index is flat to down.
yup, until AAPL, GOOG, RIMM crack - this ain't going down!!
Yup Glen ... it helps to watch those BIG Elephants as BE would say - jumped on a very small position on the July 46 puts yesterday at 0.28 after seeing that block. QQQST trading at 0.36 now Holding now and will see how today plays out.
Early morning bounce but we should head down again today.
Someone knew of today's impending selloff this afternoon ... July 46 Q puts closed at 0.37 today.
See orginal note to NM below
http://www.investorshub.com/boards/read_msg.asp?message_id=20606569
Suckers getting off your island Gleno
As foot would say "Woo Hoo" - Bull (island) party over for now until we get Omandan's handle and go right back up to new highs next week EOQ/EOM !! :)
Gleno - you trying "reverse psyschology" with the market? :)
NM July 46 Q puts freak trade
Been watching QQQST this morning and with ask@0.24 and bid@0.23, suddenly saw a Big Block trade go at 0.35 (almost 10k)
Asking the option expert - does this mean anything and why so high above the ask price did the trade go at?
Thanks in advance NM.
Two ... excellent call/bet :)
Time to go test today's lows
Will this exciting day end in red or green for the Q's ... what a gut-wrenching rollacoaster it has been all day :)
That's my take too Gleno ... think we've seen the high and low for the day - just meander all day now.
Atleast that's how charts on yahoo finance show up
If today's close < today's open == Red Bar
June 1st is an example
http://finance.yahoo.com/charts#chart3:symbol=^ixic;range=3m;indicator=sma(20,50,200)+volume;chartty...
Keeping this below 47.77 open price
Will show up as a red day on the charts :)
They will take it to their pre-determined OPEX price in the last hour of trading - The power to park it where they want!!
Aire does this week's action negate the downside projection to 1470 or is it still in play?
Two, Bradley high today?
or do you still think we hit that tuesday and keep going on up?
PPI tomorrow, CPI friday
We are in for some BIG moving volatile days looks like!!
AJ - great call on the Shanghai
6 straight up days since that hammer - one more up day like today and it will be testing it's all time highs.
S&P daily closed below 50dma
Sure everyone is watching that - more damage ahead!
Weakest of the 3 indices.