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Post by cashfilly on Aug 18, 2010 10:57:03 GMT -5
Sold all....14.21 didn't hold up...dollar....I overtrade ...in tza but with tight stop....
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Post by sp7015 on Aug 18, 2010 10:58:00 GMT -5
AAPL breaking out of intraday consolidation.
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Post by elkuta0380 on Aug 18, 2010 10:59:22 GMT -5
Hmm, looks like the market crash has been postponed. Vix once again can't hold those morning gains. Spy is holding above that 20hma and 5dma, both uptrending. Market has even survived Mr Futia going long at 1089. I like very much. day is young and we may be topping here. Watching 109.80 as a break out zone. Also 109.20 as a get-ready-for-doom zone
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Post by cashfilly on Aug 18, 2010 11:00:08 GMT -5
Sweaty palms on this one...one minute left on this candle...again would love to c that 14.16.... But as a nice pullback this time
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Post by ccash04 on Aug 18, 2010 11:01:19 GMT -5
Aks as well. It is close to a top rail (14.70). Its mega bullish if it can push through 15.10. Picked up some of those X AUG 52.50 calls for .10-.11 this morning and sold some at .8.. Holding about 30 now just for S's and G's.. Watching the stocktwits live feed has been great.. Everyone seems skeptical but people that said they sold short got their ass handed to them.. I guess that what it takes to have a run like that this morning.
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Post by cosmic on Aug 18, 2010 11:01:23 GMT -5
Elk, those are the trade boundaries on the Opex pivot ;D
I may suggest we stay between them rest of day?
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Post by cashfilly on Aug 18, 2010 11:01:29 GMT -5
14.18and bids on xlf are staunchly set ... All out and watching here
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Post by elle on Aug 18, 2010 11:04:26 GMT -5
time to set alert the for the doldrums, sold 1/2, see you at the close
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Post by elkuta0380 on Aug 18, 2010 11:04:53 GMT -5
Elk, those are the trade boundaries on the Opex pivot ;D I may suggest we stay between them rest of day? hmm... I may actually be getting pretty good at this - had no idea!!! I think one of them gives by EOD... still too much volatility in this market to just "hang out" in a trading zone for too long. I am leaning bearish and will be leaning bearish until 970-1000... so read my posts with consideration of that bias. I am trying to be objective, but must admit I am blinded by the influence of my positions
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Post by cashfilly on Aug 18, 2010 11:06:15 GMT -5
Wish I understood options...u guys r awesome there...kudos to ccash and cosmic ....bottom forming in $vix.x?...dollar key here...
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Post by cashfilly on Aug 18, 2010 11:10:44 GMT -5
Long at this 14.16...but with tight stops
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Post by jack on Aug 18, 2010 11:19:16 GMT -5
d/t FAS on the 10min
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Post by cosmic on Aug 18, 2010 11:21:42 GMT -5
Wish I understood options...u guys r awesome there...kudos to ccash and cosmic ....bottom forming in $vix.x?...dollar key here... I admit I'm a newb when it comes to the options, but I understand the basic strategies and have played several of them - some successful, some not. The big thing is the Greeks - understanding mathematically how they relate and what it 'tells' about movement. I'm still learning those things. I always suggest 888options.com as a source. And they have online tests. I suggest that no one trade options until they pass all the tests with flying colors. Then I suggest you play deep ITM calls or puts until you understand decay. It's a learning curve. I'm at the 38.2 Fib.
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Post by cashfilly on Aug 18, 2010 11:22:16 GMT -5
Jack that trendline on faz that was support looks to now be resistance...only time will tell
Nice momo in tna...banks green on this tick (so far)... Like pulling teeth here... It's those lunchtime blues!
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Post by ukarlewitz on Aug 18, 2010 11:26:31 GMT -5
xlf went from selling at the declining 20hma to bouncing off the 20hma on the upside. The 50hma is two day R. The 20 is now curled up. Qs had the same pattern but have now broken north of the 50. Ditto Smh, DJT, Iwm, EEM. Copper broke out of the bull flag. Leaders are leading. Really, its Tnx that is the fly in the ointment.
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Post by cosmic on Aug 18, 2010 11:29:56 GMT -5
I am making a silly play. Picked up some GOOG 510 calls for .12. IF Goog moves closer to $500 for opex close, it's a good bet. If not, I lose $75. Entry and chart are here:
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Post by jack on Aug 18, 2010 11:32:46 GMT -5
JPM appears to be consolidating at this level
But its macd's neg and its Para is neg too
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Post by jack on Aug 18, 2010 11:37:19 GMT -5
SPY's macd rolling over on the 5min
VIX making a comeback
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Post by elkuta0380 on Aug 18, 2010 11:37:30 GMT -5
JPM appears to be consolidating at this level But its macd's neg and its Para is neg too 'consolidation' and 'topping' look very similar. set a target breakout and failure point so that you don't get stuck on the wrong side of the trade. I tend to wait for directional evidence whenever I see this type of pattern. That way I limit my risk of being on the wrong side of the trade. Sure, it cuts profit potential; but, it also cuts loss potential.
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Post by jack on Aug 18, 2010 11:38:51 GMT -5
FAS only .05 away from hitting its Parabolic on the 10min
Don't like that previous doji either
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Post by jack on Aug 18, 2010 11:41:11 GMT -5
JPM appears to be consolidating at this level But its macd's neg and its Para is neg too 'consolidation' and 'topping' look very similar. set a target breakout and failure point so that you don't get stuck on the wrong side of the trade. I tend to wait for directional evidence whenever I see this type of pattern. That way I limit my risk of being on the wrong side of the trade. Sure, it cuts profit potential; but, it also cuts loss potential. Thanks for the advice Elk! Here's an Exalt - LOL!
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Post by cashfilly on Aug 18, 2010 11:41:19 GMT -5
14.19 is a brick wall.... Or should I say uup 23.88 line in sand....most of this just reflects the dollar charts... Might be a little range bound for a while....I'll wait till she's ready to play...too risky to chase pennies...
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Post by ukarlewitz on Aug 18, 2010 11:42:35 GMT -5
Copper: chart.ly/qvw7qw30y: finviz.com/futures_charts.ashx?t=ZB&p=d1 I'll be interested in seeing if this can build on these gains in the next day or so. Look back and you'll see that a 4-5 consolidation has most often led to a retrace. No doubt, however, that is a powerful uptrend. Fundamentally, I think investors are front running the Fed and having that buyer in there will back stop any serious weakness.
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Post by jack on Aug 18, 2010 11:43:58 GMT -5
Sonuvagun's breaking upward! LOL!!!
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Post by cosmic on Aug 18, 2010 11:46:26 GMT -5
14.19 is a brick wall.... Or should I say uup 23.88 line in sand....most of this just reflects the dollar charts... Might be a little range bound for a while....I'll wait till she's ready to play...too risky to chase pennies... XLF is almost 100% fully intrinsic on the options side - both puts and calls only have a few pennies left in them if any at all, the 13 call and 15 put are both 100% intrinsic. So I think, at least for now, it's range bound, unless they want to break into some more cash. To do that, it might go up because the puts look juicier than the calls when it comes to a raid.
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Post by jack on Aug 18, 2010 11:52:18 GMT -5
All Parabolics appear to be favoring FAS at the moment...
SPY, XLF, GS, JPM
...and JPM's macd's almost positive now
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Post by cashfilly on Aug 18, 2010 11:53:17 GMT -5
Welldone! And it's not over yet
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Post by Dualism on Aug 18, 2010 11:54:27 GMT -5
Copper: chart.ly/qvw7qw30y: finviz.com/futures_charts.ashx?t=ZB&p=d1 I'll be interested in seeing if this can build on these gains in the next day or so. Look back and you'll see that a 4-5 consolidation has most often led to a retrace. No doubt, however, that is a powerful uptrend. Fundamentally, I think investors are front running the Fed and having that buyer in there will back stop any serious weakness. The Fed has been rather nebulous as what it has said it would do regarding purchasing T's. The initial reports were that it would buy 5, 7, and 10year T's. Then there were mumblings that it may even buy 20 and 30year T's as well. If you take a look at the 10year today, you'd see that it is lacking vigor, unlike the 30year. I'm a bit dubious of what the Fed is going to do based on what it has said. I can easily see the Fed may first sell T's to cause stops to trigger. Then buy if that is really stimulative to the economy, which is arguable.
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Post by cashfilly on Aug 18, 2010 11:58:16 GMT -5
Thank you 23.88 for cutting loose......do I hear 23.86? Greedy....just plain greedy....
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Post by jack on Aug 18, 2010 12:00:06 GMT -5
Maidenform was just given a pass by the CNBC talking head
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