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Post by brosin on Nov 10, 2010 10:57:55 GMT -5
Sorry Rog didn't mean to leave you hanging by yourself here - took me a good hour of circling all the wagons and getting myself readjusted (covering my LVS for major gain took a lot of energy ) The $VIX move starting yesterday after it hit a new recent low looks strongly like a reversal to me The $TICK looks like it might've seen the major flush just after the open - if that is the case, maybe it *is* a matter of up we go (we haven't seen any flush TICKs higher, which is good for the bulls) My gut still says lower, but each one of these setups has been a buy in the last 8 weeks. Is it going to work again? Now that everyone's bullish, I doubt it personally
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Post by ask2lern on Nov 10, 2010 10:59:41 GMT -5
From stocktwits............nice chart he put together..................GL ukarlewitz $SPY At gap window 121.1 again. Gap fill 119.8. First tick -1000 here. fsc.bz/8gM #WORDEN Nov. 10 at 8:54 AM
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Post by ask2lern on Nov 10, 2010 11:01:01 GMT -5
I am not trading but here are the SPY #'s I have for now
S LOD PP 121.17(get through that on vol and we should test) R 121.67.......................GLTA
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Post by abdogman on Nov 10, 2010 11:01:42 GMT -5
macd now + on 1m xlf fas and drn back at 0/0 xlf 15.145 on 1m
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Post by brosin on Nov 10, 2010 11:04:23 GMT -5
I am not trading but here are the SPY #'s I have for now S LOD PP 121.17(get through that on vol and we should test) R 121.67.......................GLTA I wish I wouldn't have sold all my SPY puts from yesterday
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Post by abdogman on Nov 10, 2010 11:06:21 GMT -5
macd on drn 1m never did get + and now macd is neg on 1m xlf fas xlf 15.12 on 1m
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Post by abdogman on Nov 10, 2010 11:10:56 GMT -5
BB's on 1m drn spreading and it is on the bottom band macd on 1m drn neg drn on 1m 55.10
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Post by ask2lern on Nov 10, 2010 11:11:22 GMT -5
And finally my thoughts for the upcoming POMO schedule...............it is going to go one of two ways? ??(So prophetic huh?) ........................anyway today they announce the new POMO schedule and we expect it to give an idea of how much QE2 we will see............I think many expect them to go big and if the do I would look for a nice bump in equities and the other risk assets including PM's and the $ to get smacked.................now on the other side we have G20 this weekend and we know that many countries are NOT happy about the QE2 program and the weak dollar sooooooooooo the Fed could disappoint with the first round of the schedule because some indicators are pointing to a "healing" economy and the Fed has left it kind of open ended.............so they announce smaller then expected.............. dollar catches a bid and equities and risk assets get smacked........Fed goes into G20 on the back of a stronger dollar.......I am thinking the later of the two scenarios.............in the end either way it will not end well IMO over time.....................just my thoughts and opinions....................good luck and happy trading!!!!!!!!!!! PS If the later is correct I would consider buying the dip in metals for a partial position................LT they are going UP IMO ;D ;D
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Post by abdogman on Nov 10, 2010 11:14:38 GMT -5
Ask , thx for the above
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Post by brosin on Nov 10, 2010 11:15:05 GMT -5
Good points, thanks Ask!
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Post by abdogman on Nov 10, 2010 11:25:20 GMT -5
macd + now on 1m xlf fas and drn xlf 15.12 on 1m
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Post by abdogman on Nov 10, 2010 11:31:34 GMT -5
xlf 15.15 on 1m
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Post by elle on Nov 10, 2010 11:35:48 GMT -5
b/t the break?
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Post by abdogman on Nov 10, 2010 11:40:38 GMT -5
xlf 15.16 on 1m
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Post by abdogman on Nov 10, 2010 11:47:09 GMT -5
macd neg on 1m xlf fas and drn BB's narrowing on 1m xlf fas faz xlf 15.155
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Post by abdogman on Nov 10, 2010 11:52:13 GMT -5
macd + now on drn and xlf ...fas is following BB's spreading xlf 15.17
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Post by elle on Nov 10, 2010 11:53:45 GMT -5
here we are at break, 5' says we go thru
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Post by elle on Nov 10, 2010 11:55:13 GMT -5
not filling gap was disappointing
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Post by abdogman on Nov 10, 2010 11:57:17 GMT -5
xlf 15.19 on 1m
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Post by ask2lern on Nov 10, 2010 11:58:35 GMT -5
I am not trading but here are the SPY #'s I have for now S LOD PP 121.17(get through that on vol and we should test) R 121.67.......................GLTA Well again I do well when I am NOT trading.................gotta get some work done................here are my updated #'s S 120.92 PP 121.36 R 122.06....................check in later gators....................GLTA
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Post by elle on Nov 10, 2010 12:00:03 GMT -5
1215.40 is that line we keep swimming above and below on this rally
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Post by abdogman on Nov 10, 2010 12:00:44 GMT -5
Time for Dogs and Lunch ......GLTA...back as usual
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Post by ccash04 on Nov 10, 2010 12:02:35 GMT -5
BVN making a comeback
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Post by brosin on Nov 10, 2010 12:26:15 GMT -5
$VIX went red for about 3 minutes, and then said "No, thanks"
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Post by brosin on Nov 10, 2010 12:45:20 GMT -5
Looks like do or die time for the VIX -
by the look of the $TICK, looks to me like it's going to "Do"
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Post by elle on Nov 10, 2010 13:21:17 GMT -5
swim line, nice W spx
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Post by brosin on Nov 10, 2010 13:35:38 GMT -5
Looks like do or die time for the VIX - by the look of the $TICK, looks to me like it's going to "Do" Sure didn't! Looks like it died
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Post by ccash04 on Nov 10, 2010 13:35:39 GMT -5
By the looks of this morning, thought today would have been a follow-thru day but now unclear looking for a follow thru day. Until then trend for me is still up. POMO schedule ahead
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Post by brosin on Nov 10, 2010 13:47:32 GMT -5
I am not trading but here are the SPY #'s I have for now S LOD PP 121.17(get through that on vol and we should test) R 121.67.......................GLTA I wish I wouldn't have sold all my SPY puts from yesterday Here I was sitting there with my thumb up my butt until right now when I realized, oh wait HEY! Buy to open 200 SPY $124 Nov puts for $2.62 cost $52,400 Buy to open 200 SPY $124 Nov puts for $2.64 cost $52,800 Buy to open 200 SPY $124 Nov puts for $2.60 cost $52,000
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Post by brosin on Nov 10, 2010 14:09:28 GMT -5
Oops
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