Digging Deeper
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LOL
their taking a page from the FOMC meetings playbook.
does this reset end of month, or is it on a rolling daily basis?
gotta admit I had my finger on the sell button yesterday, but held :-/
I'll have some crow for saying that guy yesterday would not get back in sub 9 anytime soon.
well that was fun
short squeeze while they have the opportunity to run oil up.
The others will follow overnight, and they'll bring it down tomorrow.
they might take another run at 1950 tomorrow, who the hell knows. but make no mistake. this is a bear market.
even funnier is he keeps posting things with long term time horizons, and this is a short term hold.
yeah they defend those 50 MA pretty hard, combine that with the 1900, or 2000, 1800 etc.
The spike in the S&P......
Yeah the EIA report had a lot to do with it, but I have noticed something ...but maybe I am off base. It seems that when the bears are in charge/have a good morning, then the bulls make a hard run at lunch hour. the same on the opposite side of the fence.
it's almost like, "OK, we're killing it, let's go grab some lunch" then the other guys fight back.
am I seeing things here?
maybe so they don't take it down too fast. this whole thing is wash, rinse, repeat
I approve of this message
good luck with that. maybe in a few weeks
when you have home depot, lowes, target etc posting good #'s and the market drops 500 in two days....whats that say?
BEARS IN CHARGE!
New Home Sales
Released On 2/24/2016 10:00:00 AM For Jan, 2016
Prior Consensus Consensus Range Actual
New Home Sales - Level - SAAR 544 K 520 K 505 K to 550 K 494 K
In what could be a chilling indication of trouble ahead, the February flash for the service PMI slipped below breakeven 50 to 49.8 for the weakest reading since the government shutdown of October 2013.
New orders are still growing but at the slowest pace in nearly six years with contraction in backlog orders the most severe since early 2014. The 12-month outlook, though still positive, is the least positive in 5-1/2 years. Employment in the sample is still growing but for how long is a question. Price data are not favorable, with inputs down and growth in selling prices at a 5-month low.
The breakdown in the service sector, a breakdown however still isolated to this report, would leave the economy without a central point of strength. The declines here do suggest that domestic demand could be on the downswing and falling in line with sinking demand overseas.
why so quiet in here? this thing is spring loaded baby! I expect some more AH big buys coming in this evening and moving forward. load now or miss the rest of the ride.
slapping that ask again this am
See,I swing trade. and if the primary trend (bearish IMO) has the probability to return, (i.e. short term or bounce for a week or so) and you do not sell, the backwardation would counter the contango.......would that not be a decent risk/reward. I mean this is 2:1 if you're in low 8's.
I just got active this year, but I had my 7 and 63 long ago....and I have done VERY well.
thank you
S&P daily chart from 12/30 before it tanked.
50%-dow theory
I don't know how to post charts from my platform
they might push through 1950 to take out people stops, but this is a dead cat bounce IMO
which is a 50% retracement from 12/30
textbook
true, but they usually last 1-3 weeks. shorter time frames when going against the trend, which is bearish. Housing data will probably not look great in the AM on top of the oil thing. nice double bottom on TVIX forming as well.
merely some shorts moving in right now.
s&p below 1950. Oil ran up today and they'll take their gains tomorrow. Other markets will rally, we'll pullback. seems to be the theme lately
oh and for good measure
http://www.bloomberg.com/news/articles/2016-02-21/yuan-bears-who-beat-hedge-funds-to-the-trade-see-pain-spreading
its crickets in here when this thing is falling
buy when there's blood in the streets and quiet in the chat rooms.
p.s. I never gamble
hope not, I just bought a lot. The S&P keeps bouncing off 1950 and the TVIX has 3 nice support levels right around here looking back a month. Makes me think this is a minor trend in a bear market which going back to last week may be coming to a close. These markets seem push it right to the brink of support/resistance. GLTA
I was going to wait to buy lower, but....well couldn't
OK, I'm in.
could, but I think they bust through it at lunch or EOD. I'm thinking 1985 on the SPX for a starter and sub 8's.
my fear is they have three + weeks till the FOMC meets. that gives them this week and next to run this sucker up.
I see the wall, but if they break it (and I think they will) then the next stop is 1985, then 2020....neither of which has much resistance between the two.
not to mention contango and the rollover 1st of next week. this thing could get back in the 7's or a decent amount lower. I'm waiting this time before I jump in.
just my .02
AGREED, and I'll be nuts deep when it hits 27 again.
SELL THE NEWS
why did Venezuela come back from all these meetings and immediately devalue their currency and raise gas prices? tells me they don't see this as sustained move. IMO
the report today at 11 can't be any better than yesterdays, and the rig count is EXPECTED to fall, so I think thats baked into the price.
GLTA, but I am waiting to reload lower.
I sold at 1.82
may re-enter if she dips. made some great money!!! GLTA
this thing is right on the daily vwap. isn't that where the hft's run it up?
oil report today at 11 and rig count tomorrow at 1pm. both should be bullish
weeeee
and now buffets in the headlines today for all his big oil plays!
sounds about right. gives them time to run er up some more and then bring it crashing back down before the FOMC meets.
lol I watch the charts, but I made note when you mentioned those #'s the other day. thanks and keep up the good work
ANOTHER 20 MILL SHARES AFTER HOURS
WHAT A NICE F-ING CLOSE!!!!!!!!!!!
CRANKING METALLICA LAST 10 MINUTES NOT LOOKING HOPING THOSE WHO TOOK PROFITS DIDN'T TAKE BELOW 1.65
1.69!!!!! SAAAAWEEEET!!!!!!!!!!!!!!
how low do you think this goes?
looking for a re-entry point. thinking 9ish.
looking like 7 or 8's might be possible though as the major players that prop this market up are not scheduled for meetings till mid next month. this rally might have some legs???