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down $3 so far. Puts are looking good.
Yeah, it would be nice to see a big gap down followed by a rally.
So they outperformed by half a million dollars, and their EPS was 9 cents higher than the highest analyst expectation of .28 vs .19 for last quarter. but meanwhile it's down $1 after hours on light volume.
The CRM play is not to play. CNQR is sexier.
What I'd love to see is a CNQR gap down tomorrow followed by heavy selling the entire day. More room for profit on the downside than the upside.
And coincidentally its price was the same as GMCR earlier. 30% drop? That'd be sweet.
BOUGHT CNQR 50 Calls @ .90 45 PUTS @.90
Looking at CNQR 45 PUTS @.95 and 50 CALLS @.95
CRM Calls and Puts are so expensive.
I'm not too familiar with making earnings plays. Does anyone want to shout out some suggestions / bat around some ideas? I've got 100 minutes before earnings.
"$135 and change is teh 200 Day on CRM. Generally I do not follow technical analysis, but it's curious to see the price keep bumping up against the 200 Day as resistance. GMCR displayed this pattern as well right before earnings. We have all these upgrades and yet no one will buy above the 200 Day. It's suspect."
Anyone who knows anything about CRM got a take on that opinion? It's looking to me like CRM will make a decent hedge for OTM Calls and Puts today.
Any earnings plays today?
Bought VXX 40 PUT @.20
Slow Stochastics on the Hourly on the Qs is rolling up.
I'm bullish now.
Someone pass the crack.
IN VXX 50 call @ .72 GLTA
And just like that EURUSD Downtrend is re-established. EURUSD just won't stay up. Looking more and more like a breakdown and reinforcing a crash.
EURUSD struggling at the low. Down trend might not break after all.
EURUSD broke its downtrend. At 1015 it hit a low of 1.3617 and it double tapped it at 1150. If it was continuing its downtrend from last night around 1am, it would have posted a lower low. I figure this is an intraday turnaround since europe is closed, and if it plays out like it has been EURUSD should bounce up a bit and bring the markets up along with them. I still anticipate a wave down, but its looking like that won't happen until tomorrow. EURUSD IS close to its low right now, but it made a higher lower 10 minutes ago, and that signals a reverse in direction. It's super hard to pick a bottom, but unless EURUSD taps a lower low in the next few minutes, its struggling right now, the market and the EURUSD should rebound off its lows and go higher the rest of the day. But what do I know? Europe is out of control.
I think the market will trade up the rest of the day from here. Probably form a doji.
Yes. 11/11/11 a day that will live in infamy. For me at least. Hopefully for the whole market.
http://www.flickr.com/photos/6...
Bear wedge in S&P futures.
http://www.flickr.com/photos/6...
Bull wedge in USD.
When Julius Caesar fought against Pompey in Greece he was greatly outnumbered. Instead of retreating, he held his ground. His reason, was that he would have to make his stand somewhere, and he could use the fact they were outnumbered to his advantage. His men had to fight or they would die. Today I make my stand as a bear, or I die.
It's the EURUSD exactly.
I've been watching them daily for about a week now. Lately it seems to be having a lot of violent swings even as its been tracing up. I read that people are liquidating their italy bonds trying to get rid of italian debt and theyll probably short term try some major purchases to keep the prices down, but it won't hold. If today the bond drifts a bit lower, watch it spike friday.
WOW NICE! I just trade what I know. It's safer for me!
VXX week2 48 calls @ 1.40/1.47 + 500-600%
New low of day in 10-20 minutes, then bounce for 20 minutes, then another new low of day 20 minutes later, then small bounce at end.
This is IF EURUSD doesn't break its pattern of the past 2 hours.
Good luck! I hold my positions for the long moves rather than playing the quick trades. I might consider trying that sometimes, but right now the risk sketches me out.
Are you looking at EURUSD? Minor supports down half a cent and 1 cent. We're looking at a flash crash for friday. Be careful on calls! Buy OTM Puts as a hedge!
I think calls on Spy right now are ludicrous. Are you looking at the EURUSD chart? It has a long way down to go and it's very very bearish. It has over a penny and a half down to go before it reaches support! This market is being driven by the Euro. Be careful!
The most important thing I learned is that cash is a position and to let the trades come to you. Helpful posts this week and hard learned lessons. I'm leveraged to the max long on volatility. I think I'm gonna be the winner winner chicken dinner of the next 2 days.
Killer if those are calls on the Qs its time to reverse.
VXX to $60! Bricka bracks fire cracka sis boom ba! Bugs bunny bugs bunny ra ra ra!
Bought VXX week2 50 Calls @ .23
Not too late to take up short positions.
Market will inevitably tank this afternoon, tomorrow, & Friday, and probably monday too.
Italy's Berl is leaving, but bonds up 9% today. Welcome to the brink of the cliff.
LCH.Clearnet Raises Initial Margin Call on Italian Debt
http://www.cnbc.com/id/45219030
http://www.zerohedge.com/news/market-stalls-lch-announces-margin-hikes-italian-debt
EURUSD reaching Support 2 at 1.3655
IF that breaks, stick a fork in it.
Italy 10Y Government bond at 7% = unsustainable
http://www.bloomberg.com/quote/GBTPGR10:IND
Still think there isn't a crash coming?
http://www.cnbc.com/id/45218531
Time to short even harder.
Keep in mind the market is completely driven by the EURUSD and the critical support level of 1.373 was just broken. If you're long, I recommend cutting losses or taking profits and switching positions.
mf (global) dooooooooooooom
The piano is still being lifted towards the window, but the rope is on fire and breaking strand by strand. The problem is that the pigeons keep landing on the piano. The heavier it gets the harder they have to pull.
Head & Shoulders in action. He's the winner winner chicken dinner. Italy and the Eurozone are on the brink. I don't think seasonality is gonna support the market breaking 10year high resistance, do you?
Things need to pick up speed before they hit the waterfall.
8 more basis points - all the way up to 6.66%!
Italy 10Y Bond up 20 cents to 6.568
http://www.bloomberg.com/quote/GBTPGR10:IND
Wasn't the danger zone 6.25 and unsustainable 7?