is...itchy
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190.86 is the first level of support, I've had it there the past few days...
SPY is just tire up here at 192.50 area.. I think it tests 191.75 again and should it break it, there will be a rush to the exits which brings it down to the 191 area.
Imi Alert #2
70% of orders to buy
$300 mil to buy
That includes 14 mil shares of BAC to sell
you may be correct, however, I think we get a 191 area close. That just me though and I have been wrong before.
Imi Alert
50/50 on orders
$150 mil to sell which includes a large sell order in BAC
One thing I have noticed over the past 3 trading days is the volume. Not big at all. I have to go with a down day tomorrow. What will be interesting is what will the volume be? Could be telling.
To me, that is a short term bearish signal. Like I said, it wouldn't be a big downdraft, but enough to capitalize on weekly puts.
1.90 to 2
No problem bud!
My thoughts on tomorrow are we could get a slight gap up, but the market looks a bit tired here. If we do gap up, I will buy puts since that is 3 gaps in a row. We've had a good bounce and in order for this market to go higher, we need a pullback. I don't think it will be anything crazy, but I can see a 190 test on spy happening. I used some profit to buy 193 puts that expire friday and some 192's as well. Nothing crazy. Hell, if we can fill todays gap at some point tomorrow, then I will make more than enough on the trade. I am long UWTI from 1.37ish.
Imi Alert #4
Everything paired off
with $475 mil to buy
Imi Alert #3
70% to buy
$400 mil to buy
I've seen days with $500 mil to buy and they sold it off...
got a feeling they get it down to 192...
Imi Alert #2
70% to buy
$300 mil to buy
Imi Alert
70% to buy
$100 mil to buy
could see DUST go green today.
Yup, have a 5 min up... 192.26 is the support, we break that and we could get some big red candles... Make up your mind spy, is he gonna chit or kill us?
DUST may try to break higher here...
Probably have to wait a few mins to see which way is the real way...
word!
great minds Imi! ;)
There are too many bears out there... It's opex too (as you know)... they may be trying to dry up all the put buyers.
I cannot disagree with that Watcher... Should we get a big red soldier through it, then we sell off a little.
I think it's 194 that is the pivot point. I would buy puts for a short term pullback at that point. I think we fill back to the high 180's before we resume this up move. Maybe we see that gap fill around 186, but if it doesn't and a rally resumes towards 200, then we know that gap will be filled within a month or so.
They just threw some volume at spy there... let's see if they got anymore or is this just a blow off top to print 193...
yeah, I'm not playing gold for a huge downturn, just an opportunity on the short side.
I'm on board with that. the next few months I think we get to 197-200 area, with 204 not out of the question. After that, the chit will be sprayed in 35 different directions because it will hit he fan. The higher they take it, the harder I will short it.
$350 mil to buy on the closing imbalance. That's why spy took off the diaper...
I'm thinking oil trades higher, spy trades higher, and gold sells off a little more. I think opex helps carry them in the direction I just stated.
Imi Alert #2
%60 to sell
$200 mil to sell
Jumped back into EEM calls, long UWTI as well, and started buying DUST last Wednesday. I dca'd Thursday, Friday, and this morning. Fully loaded up at around 5.50. It should trade to the 8's. I think we are gonna rally higher over the next month or so. This is opex week, so we should move higher... After seeing the action the past few days on the tape, I think Risk is onto something with SPY going to 204...
Imi Alert
Sorry, been jammed up all day.
The imbalances started out with 60% to buy and $350 mil to buy, But it flipped to 65% to sell with $300 mil to sell... interesting
yup, like a turtle
I think of whether the rumor is true or not, oil should trade higher in the short term.
Imi Alert #3
80% to buy
$400 mil to buy
Got a call from the floor about opec rumor... oil bears want to down play it, however, some of the big oil bears I know say they think it holds water...
Ha, don't know, but if we close this soldier out at the top of the range on the 15 min, it will be a very interesting last hour... curious to see if the imbalance get very large to the buy side.
That candle is like John Holmes on set circa 1975...
Imi Alert #2
70% to buy
$400 mil to buy...
Looks like the diaper came off, spy just needed to squeeze out another log to break the levee
Imi Alert
50/50 on buys and sells
$150 mil to buy