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momentum nosedived on friday indicating alot of weakness to come. The russels 2000 is looking for a correction IWM is sitting on crucial support 121 if that breaks look out below. Check macd indicator on iwm daily its pretty severe dive nothing in recent two years with exception of last oct has it seen such a drastic crossover underneath 0 line.
Thx for posting up these charts. Ive been trading iwm options for about a week now. Looking for some commentary. I sold my 205 puts i bought earlier this week. Waiting for bottom to be put in jump on some calls.
Gold is do for a relief rally i will be keeping close eye on GLD when it attempts to lick its wounds.
Think there is a chance the greek vote tomorrow wont pass parliament? If that breaks down you have hell of a catalyst.
http://www.theguardian.com/world/2015/jul/21/greeces-international-bailout-mps-forthcoming-vote
Saw spike in vix futures might be the reason for vxx spike. i was buying puts on iwm today seeing cracks in the small caps held overnight. Was thinking spy puts but i did you all a favor a didnt buy any:p
Ill be jumping on the put bandwagon tomorrow if i see continued weakness.
Think its a good hold imo, rally is running on fumes. IBM tanked next up to bat is apple and from what i understand the watch will be in the spot light first new product launch since mr jobs past.
lets see this cat bounce!
Yup the market is very crafty right now squeezing any last shorts that thought the last visit below 200 was correction time. Im holding august vix calls still and will buy some more when its clearly left overbought range.
Sucks waiting but i feel by august oscillators will have to be cooled..
VIX index had its worst five-day percentage decline in history. All is good in the world!
http://www.marketwatch.com/story/doubling-down-on-a-summer-correction-2015-07-17
NYSE 190 new 52 week low vs. 103 new 52 week highs.
Do you mean the 5 gaps up on the nasdaq this run isnt healthy? :p
watch vix going to snap one way or another soon, pls dont forget to update what kind of birdie you find..
I see where its heading for sure. No doubt this run has hit exhaustion really fast. Very similar head n shoulders with bear flag on daily going back to 08 before the market crashed. Its scary how identical... The only thing that could change that is blasting past all time highs
HA! on a more serious note what is the cci indicator on decker's chart and why did it peak so much higher then all the other tops?
Yup even better we should all buy on margin use our properties as collateral! SPY to da MOON! :0
and now for our round of fun on this side of the pond
http://www.reuters.com/article/2015/07/16/us-usa-puertorico-pfc-idUSKCN0PQ00J20150716
LOL snooze fest today even for the bulls.
Good morning, I think Goldman Sachs earning may be the bigger story today.. Financials are suppose to be the "new leader" and they came in way way short of analyst expectations. It may be a one off cause citi had better then expected. But goldman would be a huge one off case you know?
Could be, think he bails real quick going to be ugly no matter yes or no.
Greek PM A.Tsipras won't address the Parliament before the vote, ND's Meimarakis & Potami's Theodorakis are also not expected to speak. Highly unusual choices of action.
Haha that would be classic.
meanwhile Riots just broke out in athens. think the PM going to need body guards for the rest of his life.
I saw that analyst action along with high call volume. Picked up ATM calls for sept really cheap. Looks decent technically.
Prob have a better chance of the uK TUNG dropping news before this one unfortunately, i'm long here but come to realize its gonna take corp action to stir things up. To many noobs staking the ask when there is any twitch. GL all.
lol just when you thought things couldnt get worse!
picked up some aug 20 vix calls hour ago. its gonna spike hard
thx for the alert Sekt!
what is the benefit or should i say difference between vxx and vix options?
is the vxx leveraged?
Looks like a plan to me. Going to try to time it when i see little weakness on the spy/spx intraday 60 min. Ill pounce
VIX had a gap fill today from that huge spike last week. Fast stoch on daily dropped like a rock and almost oversold in one day! Think it pays another visit to 19-20 area after market freaks again this week. Going to start looking at aug vix calls tomorrow. And i do use bollinger bands to answer your question.
they should turn this tickers name to DUNG. Sell um boys!
I was thinking of doing the same, prob best prices out there. But the stochs are still in oversold range maybe still more upside?
fake wall at 8 for sure. mm holdn this back
No doubt Thx! im not even going to try to figure out the greece thing. prob play a swing monday afternoon depending on direction and momo.
Im out of my calls 214 in .10 out .21 small profit but needed beer money lol. cheers all good weekend
agreed like the way L2 is looking run imminent
I would be content with taking profits today on the calls i held overnight because i didnt really put that much towards it. Only 800 bucks on some out of the money calls. Would be nice to see that 2% like you said.
happy PUT shopping looks like the powers that be have the same idea!
Bring this back to 0005 pls you should all stop pumping so we can get some more cheapies, i want to buy a new boat.
I agree fake fade in the early afternoon to have traders unload cheap calls and return to puts bot buying spike EOD. imo
Holding calls here. Think we possibly rally next week everyone is bearish. They may just pull one out of the hat and squeeze all the shorts on some Greece good news and since Chinese brokerages are forbidden to sell well i guess the only way to go is up! Lol