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Post by cosmic on Oct 14, 2010 18:54:19 GMT -5
Feels like a down Opex day tomorrow. Maybe PuurKen levels (you know, back to 950 SPX by EOD Friday), but nah, nothing that extreme.
Since opex is not about proper trading valuations but where big positions need to take things in order to unwind, I have to think down tomorrow. Might be that 150 downer some are thinking of.
I prefer baby bear.
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Post by exabi on Oct 14, 2010 18:55:41 GMT -5
Baby bull....the almighty GOOG will save the day
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Post by Cosmic on Oct 14, 2010 18:57:20 GMT -5
Oh, and as an aside, my broker called this morning before the open and suggested starting a large position in JPM. 38 area was his recommended buy area.
Not sure what to think on that one other than if I did buy it, I'd immediately sell calls, lol.
His last great call was RIG, about 2 days before...
Then there was the historic opportunity to own UNG at 10.50! Wooooo! That was like a call from Virt himself.
But he has had some great ones, including PTTAX and BMEAX. And he did suggest I sell BAC back in 2007 near the top.
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Post by puurfectten on Oct 14, 2010 19:22:18 GMT -5
8-)maybe just an opexy bearish tinge,,,,  |
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Post by brosin on Oct 14, 2010 19:53:09 GMT -5
SPY looked pinned to 118 in AH, I wonder if that's our stopping point for the close. Seems a little too easy, maybe we sell off all day to 1170? Or if it's really tricky, we'll go to 1175 and bounce back to 1180.
Bull
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Post by Rich on Oct 14, 2010 20:31:55 GMT -5
Well, I'm not entirely convinced, but since I'm longer than Lurch, I'll say bull.
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Post by jack on Oct 14, 2010 20:36:22 GMT -5
Baby bear Chart by Cashfilly:  |
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Post by PoorHomey on Oct 14, 2010 20:38:55 GMT -5
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Post by demanuel2001 on Oct 14, 2010 20:50:52 GMT -5
QB what else?
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Post by kbk3ck on Oct 14, 2010 20:54:25 GMT -5
I think Bully Bully.
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Post by Rothschild on Oct 14, 2010 21:23:47 GMT -5
Well the futures are off a bit but I was thinking baby bull friday. We sure did have plenty of those famous opex whipsaws.
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Post by Rothschild on Oct 14, 2010 22:25:31 GMT -5
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Post by benvestor on Oct 14, 2010 22:57:32 GMT -5
Strong like Bull tomorrow..
Possibly a dip as profit taking and or possibly bad numbers gives the bear a spark of hope
But we have alot going for us.. Ben speaks, POMO intimidation, spx is at bottom of the 10 day up channel, its is also oversold on the hourly..hrm It could just be gap and run
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Post by kbk3ck on Oct 14, 2010 23:07:30 GMT -5
Good post dero.
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Post by Clinton SPX on Oct 14, 2010 23:08:58 GMT -5
Bull, fed will turn on the printer
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sowolf
Broker/Dealer
Posts: 439
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Post by sowolf on Oct 15, 2010 1:10:33 GMT -5
A lot on deck tomorrow.
I say... Pop and Drop... end close to flat... got to let those Options expire (worthless)...unless we get a surprise out of Helicopter Ben, CPI, Retail Sales, or Consumer Sentiment the last of which is reported after we open. Stay nimble.
Best of luck everyone,
sowolf-
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Post by ask2lern on Oct 15, 2010 6:34:21 GMT -5
Well I am stummped...............if the market traded on fundementals it would go down IMO...................If Ben dissapoints DOWN...............I doubt he will.............. and it is opex so none of this really matters.................just a guess but baby bear.............I think we should add FLAT to the poll with a range of -5 to +5........GLTA
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Post by jack on Oct 15, 2010 7:22:07 GMT -5
Well I am stummped...............if the market traded on fundementals it would go down IMO...................If Ben dissapoints DOWN...............I doubt he will.............. and it is opex so none of this really matters.................just a guess but baby bear.............I think we should add FLAT to the poll with a range of -5 to +5........GLTA Ben talking now and he's confirming QE2 so the $USD's dropping "significantly" says Bloomies. Too late to change to Baby Bull? lol!!! |
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Post by jack on Oct 15, 2010 7:31:07 GMT -5
Headline news - mixed
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Post by jack on Oct 15, 2010 7:36:35 GMT -5
(Admittedly not one of my more informative posts - sorry) ;D |
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