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5/5 chart
XLF/FAS Rampo in AH started about 17:05
Guess I should not have made a quick breakfast!
09:42 thought it would hang around 35.05 area
by 10:52 I wasn't going to chase it. QLD load
up at bottom looked too risky to load boat and Auto sell.
Oh Well, will be ready in Fri Pre and see what happens.
FYI Super Spike @ 16:42 to Q's 35.03 ?????
Got the Longs and Program Sells today, maybe Logic flip
and go after the Shorts that piled in on Thursday.
I can't even guess what 08:30 Unemployed report will do?
Probably a Rampo like the Last couple of months.
XLF/FAS already ramping up strong in AH
See Ya in the AM
12:06 DONE, No trades
Sorry didn't see the post QLD at 33.91 now waiting to see what happens
Gleno had QQQQ 33.77 as target
open not what I anticipated
Look at XLF/FAS today WTH ??? No Way
To add at he moment anything over Q's 35.25 I'll be hitting
"hard" with QID Loads, right now in AH looking at 35.05 if it jams up in Pre I'll dump 30% or more on the top. Still waiting for the "All IN" QID play. Today with QID Load I bailed out at
approx Q's 34.95 level "Way" to early again """But"" with a good profit in hand.
To Note and like today "any" hard drops will flip to QLD and stagger the "AUTO" sells upward
SAME
Actually Not. hind site being 20/20 QLD Light load should have jammed in a few staggered "euphoria" sells and "stopped the base with enough to cover the trade. By that I mean sell Pivot Pivot and Previous close. It smacked the R1 at 14:30. Not common but at 16:07 in AH it hit it again before decay. Maybe some "Long" lessons at the QQQQ TOP of "Euphoria" or "short side flip to Lessons"
Today QQQQ chart
R2 35.33 HIT in Pre and Open
R1 35.18
Previous Close 35.02
Pivot 34.90 > Nothing
S1 34.75 Blew Thru in AM with ease
S2 34.47 Penetrate and head Positive
11:45 DONE >> IN/OUT 500 shares QLD @ 34.79 / 35.10
Morning total $687
The rest of the day will probably be a non event
Same, 2 positions yesterday,added at open, sold too early but good gains, Now in QLD light load at 34.78 off the bottom
09:22 ???? Loaded and ready BUT!!
Stress Test Thursday "After Close"
"How Nice"
That will work great with Friday 0830 Unemployment figures.
What a party, Place your bets the Casino is open or
Russian Roulette in the parking lot pays better odds.
Note: SEC meets May 5th "yes today" on short sale restriction.
The 50 Billion dollar question is will they throw it out again
just prior to May 7 stress test results of the 18 public firms?
As in email if I read it right this could be a blood bath or at
best one real wild day with employment #'s first. I don't know
about you but I have not bought off on the banks BS since
"C" Pandit started this bag of earnings lies.
Just great
Yea a "Sucker Fish"
Good way to put it > against all odds
13:52 Nope nice drop fakeout
13:42 looking at 34.98/ QID 35.68 and no movement
So far I'm glad I did nothing
Change that to Big Hogs are now flying
2 to 1 short OK
09:18 34.70 R1 34.60 R2 34.84 Pigs Fly
Silverton Bank fails
5th largest fail,1st largest for 2009
Commercial to commercial
FDIC est. cost $1.3 billion
Too big to fail as if left would kill 8 to 12 other banks
and Fed trying to limit damage to 1400 others
Stress test looking real phony
Volume was not impressive at close within the last 3 Min, a weak jam job at low levels but effective
That is the point and may ride into next week. "Who" stands to loose the most in total saturation of commercial properties/debt/obligations and thus the No Release of Toxic Banks Data for damage control reasons. Smoke in Mirrors and more Lies!
11:38 Done
N/A
A real thriller.
Update: Toxic bank waste test results will be delayed
The Feds are stalling and the bomb is ticking
Damage control
Key words, disclosure handling and stock collapse of weaker
institutions, They got themselves in real jam with this one
Same here, Just waiting for the setup I like rather than a coin flip entry like as of late.
Don't Forget Monday is National Toxic Banks Liars Day for Banks CEOs and Feds
FYI at close spike to 34.78 so the games might not yet have ended to blow out the shorts. 34.28 to 34.78. Maybe the Euphoria is wearing thin and I can get back to hitting the tops hard.
Blasher glad that worked out, snap a line across 34.25 and look at yesterdays peaks.
12:09 Done >> Take Your Profit!
Well looks like the slow death dribble may get to your entry
Bad decision
Will see what happens, ?? ## ??
I'm still not trusting this