is...itchy
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Imi alert
50/50 on orders with $300 Million to buy
$200 Million is a JPM order
Yes, should be higher for the short term and I think the market brings oil higher, which was the opposite of what oil has been doing to the market. 38 should be in the cards. I was a bit early, but I think it gets a nice bounce. I still have 198 as a potential target area for spy, but I have been a little jammed up to look at charts, etc. It may be a bit lower than that though depend on where the 140 sma is. I sold my puts a bit early, but made out very well. Been trading UVXY common and building position in UWTI. I never pick the exact bottoms and most people don't, but I would rather show up to the party a bit early so I can find out which chick I can get to go home with me. Yes, I will ply her with drinks, but I wouldn't pull a Cosby on her... and I always carry a consent form... hey now!!!! Good luck gents!
Thank you sir!
It was a heck of a rally. Should continue tomorrow.
Dare I say we can close green today? Just kicked my UVXY I was long. I just bought 182 calls and 190's out in February.
Imi Alert
Sorry, been out and about today.
80% buys
$400 mil to buy
Buy program just came in after earlier indications were all paired off.
I have a rally coming to 197.
Let's see if this rally has legs to sustain it. I think we will continue to move higher, oil should rally to the 38 area as well though not based on fundamentals. I think there are enough people short the market to get a decent rally out of this.
While not saying this is a bottom for good, I believe oil will rally to the 38 area in here. I think after that it goes lower...
They gapped open crude over 30 on the first tick only to have it drop back to where it pretty much closed Friday so it is giving the appearance of being lower when in reality it isn't. Also, crude as of now hasn't traded into 28, that was Brent which UWTI doesn't trade with (it's crude).
Good luck to all!
Yeah, today was weird...
I got long more UWTI @ 1.89, holding 50k @ an avg of 2.11. It is a very crowded short trade. I spoke to a retail broker I have known for a while and he said a lot of the newbie brokers started getting short today. You know what that means... they will probably be wrong. I also spoke to a guy I know who owns a contracting business and likes to trade, he got short oil yesterday and says he's holding for 20 dollar oil. Reminds me of 2000 when I went to the tailor and he told me to buy some tech stock. I knew the end was near.
Other than that, I am holding some NUGT I bought cheap yesterday.
I didn't buy any SPY calls or puts today. I will probably go one way or the other on Tuesday once the picture from the weekend is more clear.
This market is going a lot lower, though I do think there is some relief coming any day now. I really thought we would have it the past few days. Obviously because of China and oil, everyone is a nervous nelly. Fwiw, my chart buddy got a buy signal on China last night.
Final Imi Alert
$2 Billion to buy
Big Imi Alert #3
85% to buy
$1.3 Billion to Buy
IMI Alert #2
80% to buy on close
$800 mil to buy
IMI Alert #1
Sorry guys, been jammed up all day an managing my UWTI position of which I am 75% DCA'd into and down on.
85% of orders are to Sell
$800 mil to Buy
Safe travels Imi!
GS wants stagflation... seems like they are positioned for it...
First off, that's hot risk...
Getting manhandled in oil this morning. I went long NUGT yesterday in the early afternoon, though not enough to fully hedge my oil position. Curious to see if oil firms up and gets back over 30. Wish I was long more gold, but at least it is lessening the blow in my UWTI position. Going to see how we open and see if oil gets stable above 30. Congrats to the guys who played short going into today, good job!
Risk in a speedo wearing black socks and sandals! Nice! Sorry, but the cat's out the bag.
Hey Risk, can you post the updated 20 year? I know it doesn't matter at this moment, but I am curious to see it.
I was long decent size in UVXY below 30 at that time, I remember it well. lol
Well, SPY does have a tendency to be a Picker, a grinner, a lover, and a sinner...
I am looking for the last week of January to give the ole "Goodnight Irene"
Well I appreciate your input.
I don't see very heavy volume, then again, I don't pay much attention to oil when the NYMEX pits close at 2:30.
I see a cup and handle forming on the 30 min and an RSI on the daily that is still very low.
Not trying to tell you you're wrong, I may be wrong, who knows.
I think it has paused in the downtrend, which typically means some type of relief rally. I use a 140 sma and when an asset is at a big discount, the odds favor a rally back towards it. If you would like, PM me your email and I can share a chart. I can't post it on the board.
I am by no means saying oil has bottomed, I just feel based upon the chart, that it will have a small bounce.
Hey Snap, just curious, what made you come to the conclusion that there was a bearish close for oil? I welcome your input, maybe I'm missing something. Have you looked at the 30 min chart on oil? Thanks in advance!
There are some resistance areas up here. I feel we continue higher tomorrow and I don't see anything that says otherwise right now. I need 195 to 198 to get my "put conviction" on. I am long some SPY 193 calls I bought at the close. I really feel oil is going to clear the path, it's putting up a good fight. I am looking for 35-38 area on crude before we head lower.
IMI Alert #5
65% to buy
$75 mil to buy.. non event
IMI Alert #4
75% to buy
$50 mil to buy
They flipped the script
Yeah, that's what my buddy has. He's been pretty solid lately. He has 198ish. wouldn't surprise me to see them rip peoples faces off the next day or 2 to get it there. We are in times of great volatility.
They will run this pup tomorrow and early next week I think. Where do you have OB?
IMI Alert #3
Buy program came in
55% to sell
$150 mil to sell
One thing I notice in trading UVXY. If the market is stable in the afternoon (or up nicely) it decays like crazy. Probably due to a buyers strike in puts. It usually starts around 2 pm. I shorted @ 41.50 around 2 pm... I am up nicely and have a trailing stop.
No sweat bud. If we can help each other a little, it can go a long way. Now I am just waiting for someone to come along and tell me it means nothing...lol
IMI Alert #2
70% to sell
$500 mil to sell
It is possible the market will suck up that sell to close. When you start seeing 1 billion + on either side, that's when you really need to pay attention.
yeah, it's normal and it can always pair off by the close, I will post more imbalances when I get them.
IMI Alert
80% of orders to sell
$400 mil to sell
Like my late 98 year old great aunt once told me "Honey, there is a seat for every azz"...
And the crazy thing JD is it will probably be a lot lower than that in the end...