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Yes, but not significant enough to cause concern about the number of rate hikes, and now a perfect "distraction" from all the negative news surrounding the market today...SMFH. Now watch "da Boys" do their thing and push UP to 270 when we should be down to 258-260...unless they using it as a "no worry" situation before the huge DUMPS come, but I doubt it since earnings are next week...
JMHO
All depends on the wage increase (inflation) component...which appears to be up, but not enough to be concerned about...
True re: NFP...that number could send SPY to 255 OR to 265+ very rapidly IMO...so what we’re seeing now with futures is meaningless...
JMHO
WTH Net...do you have a direct line to the Trump Administration...given the China Tariff news, looks like 258 is possible and with a high inflation payroll number, 240 is not completely insane...happy I kept my 255 lotto puts?!
Yeesh, quad-tops at 266.50...becoming quite a stubborn R...!!
Lol, indeed, but me thinks they'll "spit and shine it" for a nice rally excuse...
Always appreciate your input, NN - Eyes was just messin' with ya! 258 seemed impossible and still does!
Wow, this volume is ridiculously low...and decent increase could send SPY shooting up or dropping like a rock...personally, I cannot believe it would be anything else than UP UP UP given the Dow's resilience today...
Lol, that's a big shift from the 258 "cascading waterfall"...
I don't see it NN...just an orchestrated gap-fill...now UP UP UP to fresh highs IMO!
True, but it's clear the buy-bots are in full effect! I think we just witnessed a Gap-fill and then UP UP UP into earnings next week.
JMHO
OK, that drop "on-point" was impressive but 258..., surely not that deep...I could see 263.20, but no way 258?!!
lol NN, sometimes you make me laugh...buy-bots not gonna let that happen!
Hey, I'll be happy if it DOES happen since I have some dead 4/6 257 and 256 puts, but it seems very DOUBTFUL...
Hmmm, double-top and drop...can it be? Seriously doubt it, but trimmed calls...and actually added puts for a quick scalp...
Low volume melt-UP as per most of 2017...bots and complacency back-on...just got to RIDE with it.
JMHO
Brilliant Ang...10 bagger, what a haul!!
Nice Ang!
Thanks Ang, next week is another week - I'm still a BEAR until SPY closes above the SMA100...hell, they might try for it today!
Might be a steep EOD last 15 minute drop, but I'm spent!
Great Easter!
Nicely done, guys - I just sold 75% of my SPY 263 and 264 calls for a decent profit! I'm kicking myself for missing the TSLA bounce since I was watching closely at 248 and backed-off when I saw it below SMA200 on the weekly!
Have a great Easter weekend!
This is what they love...low volume manipulation...therefore, calls all the way...I wonder if they try and push for 267 to keep the S&P quarterly positive record going...?!
I remember that Friday 2/9/18, SPY jumped over $10 in two hours (253-263) and $8 in 30mins, personally, I have never seen anything like that before...
Now, if only SPY can tag 270 tomorrow, I'll be smiling from ear-to-ear with my now crappy 3/29 calls...
I was so close to selling at the 262.50 spike and missed by a few cents..would have done well...I have 3/29's but they've devaluing fast, bad day
Premium burn is brutal right now...SMFH, and the direction should be UP after incessant ping-ping (consolidation) above 260, but it just can't get traction...getting close to just dumping EVERYTHING very soon!
Yep, around 3:30pm, I'll definitely be looking to dump calls unless for some reason SPY breaches 267...
All they need is AMZN and NFLX to come back now for a BIG rocket-type boost!
Good point re: SPX and it's SMA200...
Agree, but will we test the SMA200 (256) first, and then see an intra-day BOUNCE like never before...the DOW is clearly fighting!
QQQ's rut-roh, now GOOGL below $1000...WOW...amazing how fast the completely overbought and overvalued techs have come falling DOWN, but hey, lets keep buying stocks with 300+ PE's...SMFH!
Lol, so true about FOX news...me thinks their arrogant, complacent glory days are coming to an end...and fast!
Lol, I think "da Boys" are monitoring your posts...now going the opposite way, or was it a good GDP number that takes the market down further to confuse ALL!
Fastest $3k I've ever made, SPY 263P's at .98 to $3, and I bought by mistake (bought puts instead of calls...for once, I get lucky!
I would guess SPY tests SMA200 tomorrow which could either result in a Capitulation type BOUNCE from 252/256 to 264/265, or if breaks below SMA200, SPY could see 242/244 next week.
Technicals are holding onto a very thin string now...
I did the same, Ang, and just closed the quick scalp...now will wait for another entry since I'm unsure of calls vs puts at this stage, but will be looking for puts EOD...
Yeesh, unreal how quickly SPY got smacked down there...clearly the big volume is on the downside. I missed puts by a couple of cents again but not going to chase.
I'm out, got beaten by the BEAST today...have a good weekend end all!
Agree, personally, I'm hoping to buy puts at around the 267/268 level today, but that does seem like a stretch...
Exactly what I'm thinking imiloa; possible bounce to 267 tomorrow and then 250's next week. I never did get a chance to reload my puts (missed by 2cents...urgg!), but added some 267 3/23 calls at the close for .31
Great day today...I wish they could all be like this! I hope everybody made out! It was my best take from "Da Boyz/ the Beast" in a LONNNNG while!
I think SPY sees an oversold BOUNCE tomorrow AM (9:30 to 10:30) and (2:30 to 4pm)...
Lol...FATONIO dumping a nice 280M, probably once a week now that the A/S in 9Billion - smart money got the heck out of this TOXIC mess at .0002-.0004!!
Personally, I won't touch this even at .0001 and I'm relieved to be out at .0003 (which was a loss)!
GLTA...
Next step is to see whether SPY breaks "the island" and rallys over 269...I am itching to sell the rest of my calls but waiting to see...
AAPL looking to go positive...if does, then could trigger buying across the board...
Sold 75% calls on the Trump-spike...will wait to add puts...not sure on direction now, however, as long as SPY remains below SMA50, I'll have some puts by my side...
I hope everyone got some good trades today!