I'm feeling Pop-n-Drop for this morning . . .
but not too much of either.
Like is posted on Monday, Down then Up . . .
I think we have a little more Down this week before we start the Up next week.
I don't even see much Tradeable until Monday.
EDIT: actually, I might be looking to pick up some VIX Puts at a discount on any Market Drop over the next few days.

thanks!

I have 164.5x as Key SPY Support . . .
I also show a little more Up in my Cycle.
So .. I see Up today and then will start looking to Sell Rallies Tuesday afternoon into Wednesday morning.

yes, but I thought you were asking if that number on the Time/Sales ledger was exact contracts.
Sorry for the confusion.
yes .. 1-contract = 100 "shares".
Those numbers listed as sizes ARE the number of contracts, or some multiple of them.

I think that is correct . . that was not MY trade, but I do believe that is what that means.
EDIT: also, it just occurred to me because I looked at Time/Sales and that just didn't seem right.
That might be a multiple of ten as I'm sure they Buy in groups.
Also, fills of an order might often take place over more than one "fill" time/sale.
Don't know for sure.

he hasn't stopped lying yet . . THEN he will stop stuttering and sit down.

now that we've gotten our called for UP . . .
I am fading it with Downers.
I Bought to Open SPY June 160 PUTs @ 73

very good thinking! . . probably the way I am going as well . . .
although I might scalp some this morning . . In/Out.

I agree with gixxer11, whatever the numbers are will be interpreted as "good" for the market.
PLUS, yesterday's action fell Down to Support and Bounced sharply.
I think we go Up before we go Down.

VERY nice . . my dad has one like that.

awesome! video . . . thanks for sharing . . .
notice the audience was clapping ...
but it was the kids .. not one of the school teachers/workers shown behind him clapped at all.
WoW! .. what a shame that Facebook and Google billionaires are so Left.

LOL! . . yes, I am expecting a move Up tomorrow . . .
but then back to some more Down because of the scandals and all around lousy economy.

yes .. agreed . . and with gixxer wrt 2nd-amendment.
and especially they don't like ME.
My SPY and QQQ very-short-term Down-call did me well today . . .
I am now seeing an UP tomorrow.
Then I'll go back into Selling Rallies for a little while.

`rimshot` . . it was just a quick reply to another post on the topic.
Sorry for interrupting you trading day.
Your exaggerated reaction obviously shows your extreme bias.
WoW!

I'll be Selling the Rally in SPY and in QQQ.

unless you are a Democrat and/or named Obama . . .
wrt what you wrote:
Although in politics it is the politician in office at the time that gets hung out to dry.

yes .. quite a shame.
I am teaching a series on Discipleship at my church and
it is really eye-opening what we, as Christians, should be doing/saying/teaching.
Stay Strong my friend . . the race belongs to us.

"Latter-Day Gatsbys" Push Hamptons Home Rental Prices Toward $1 Million

According to The Hollywood Reporter, the 2013 film The Great Gatsby surpassed $100 million at the box office just two weeks after its release.
The movie is true to F. Scott Fitzgerald's 1925 novel by portraying how Jay Gatsby lives a fantasy life made possible by his great wealth, which includes throwing lavish parties at his Long Island mansion.

Gatsby's extravagant lifestyle on Long Island is fictional, but what's happening with 2013 summer home rentals in the Hamptons is real.

Looking at current Hamptons rental prices, a lot of hedgies and other financial types are clearly looking to live like latter-day Gatsbys, for the market for the traditional Memorial-Labor Day season is simply white hot. ... We're getting close to the first $1 million rental for the summer "Out East," with a property listed in South Hampton stickering at $900,000.

Barron's, May 25

And a May 20 CNBC report about the Maryland shore says that in the community of St. Michaels, "the biggest houses are already booked."

So the same optimism driving stock market prices higher is apparently boosting residential real estate. And the surge in strength goes beyond the rental market. Buyers are returning in droves.

CNBC also just reported, "Home prices saw their largest annual gains in six years reaching double digits."

Some economic commentators say the housing market has bottomed, and the recent rise in residential real estate market activity is a sign of the turnaround.

But the renewed strength in real estate is no surprise. Financial history shows that real estate prices tend to trend more-less with the stock market.

The question is: Where are we in the trend of financial assets? Consider Robert Prechter's perspective:

Not a single investment market—be it bonds, stocks, real estate, commodities or precious metals—stands anywhere near a major bottom today. Every one of them continues to show characteristics of being on the left or right side of a historic top of sentiment so extreme as to occur on average only once in centuries.

The Elliott Wave Theorist, April 2013

The Great Depression silenced the Jazz Age depicted in The Great Gatsby. The music of the markets is again playing as if the upward trend will last forever.

The new May Elliott Wave Theorist updates you on that trend.

Learn about the rare financial trend that's underway and when the music is likely to come to an end. To read the May Elliott Wave Theorist risk-free for 30 days, follow this link.

.

QQQ - I think I will Sell the Rally today as I expect another day or two of Down before continuing the longer-term Up-Trend.

SPY - I think I will Sell the Rally today as I expect another day or two of Down before continuing the longer-term Up-Trend.

Here's a deeper look into the effects of Lumber and Copper prices on Housing:

http://tinyurl.com/HousingLumberCopper

nice stuff! . . so, excuse my ignorance on real-world stuff like this . . .
are existing-housing prices going Up or Down ??

LOL! .. yes, I thought about that .. BUT,
this time I am NOT calling that.
I feel it may last longer today because of the FED Support.
AND .. like I stated .. it may not stay turned Down today.
I'm NOT doing a Day-Trade on this call . . .
waiting for a Swing on this one.
Good Luck !!!

We should get an Up Open . . .
but watch for the Rally to peter out.
Since the May-22 Top, Rallies have failed.
If today's Rally fails at a lower High,
there's a great lower-risk opportunity to Open Downers.
The is true of the S&P-500 and the NASDAQ.
The DOW and RUT look somewhat Stronger (more Bullish) . . .
and THAT may actually lift ALL boats.
The FED should also Hold Up the Market today.
SO .. don't forget the inverse of what I wrote above.
If we do get an Up then Down ...
don't forget that if the Down then fails,
we have a great opportunity to Open Uppers.
Bottom Line . . .
we could go Up or Down .. just be ready to catch the Turn
using your favorite Trading System.

Thanks! . . now if I can do that every day as a Trader . . .
THEN I can make some REAL money and quit all of my other "jobs".

SPY DID Drop after it Opened . . .
did you catch the LOW of the Day ??
EXACTLY at 0947.ET .. how cool is that ?!!?
ESPN if I've ever seen it.
ANYWAY . . I went ahead and Closed my position before the weekend
@ 346 = 20% Profits in one-day!
nice

pretty sweet eh !! . . .
now at 335 = 17% Profits . . .
still Holding for more!

beautiful call ... IN SPY Jun 22 2013 165 Call options @ 282 this morning.
We had a nice Rally after that I could have Sold out at 302 = a quick 7% . . .
BUT, I'm Holding for more!

if SPY Drops at the open (after the Gap Up) . . .
start Buying SPY Call options at 0947.ET.

my Short-Term Day-Trading Commentary for today ...

 
 AAPL - still looking for a rally, but the 440 area must Hold first 
  BAC - next move appears to be Down .. might be worth a Day-Traded PUT option today 
  CRM - next move appears to be Down .. might be worth a Day-Traded PUT option today 
 JNPR - looking for a rally, but the 17.00 area must Hold first 

thanks! . . good stuff for you too .. nice.

totally agree with you Doc . . .
that's why I Closed out of LNKD Calls a little while ago.
Thanks! for sharing.

LOL!! . . I hear ya.
My post HERE 5-months ago pointed out to look for a break-out . . .
but the U.S. Dollar has been range-bound since.
The USD will have to get above 84 to convince me.
"video and mob" . . that is funny.

very nice . . man, you could just stay home and do that all day every day!

well. I couldn't stand all the Profit anymore . . .
I just Banked it all on LNKD.
see #msg-87900608 .

Sold LNKD JUN 22 2013 190.0 Call options @ 570 . . .
I just couldn't stand it any more .. all the Profits!
AND, I've learned not to be too greedy.
So .. 570/407 - 1 = 40% Gain - $20 commission.
in less than a week . . . nice

yes ,, LOL!! . . he is FIBbing again . . .
I can't believe the first words out of his mouth when addressing Benghazi . . .
"we’ve now seen this argument that’s been made by some folks"
THAT was his TELL ... the following words out of his mouth were going to be part of a lie
designed to make HIM look good and those against him to look bad for "this argument".
He makes it seem like he has done NOTHING for 5-years . . .
and the media and the low information half of the country just gobble that up.
He's so great because he's "cool" and has done nothing bad.
wow! .. how sad.

my Short-Term Day-Trading Commentary for today . . .

 AAPL - looking for a Rally . . initial Target = 458 
 NFLX - looking for a medium-term, "long way" Down  . . but waiting for another Rally to the 224 area first

it sure looks like it . . .
I can see a Drop to the 1616 area soon.

I think she is still in UP mode . . .
we'll see how the afternoon goes.