Intraday chat Jan 2 - 6 - Page 20

I went short at $157.13 and I am hoping for a pullback I should have covered at $156.85 when I had the chance but there are 20,000+ puts sold at $152 on GLD.

 

 

 

The VIX Sonar report....Looks like the panic trade got posponed until February and looking at the Lunar cycle the next big one is Jan 23rd so maybe the stars are aligning

 

 

 

 

 

Materials, financials and energy are the early leading sectors for 2012 so far.

 

The biggest mover this week is the materials sector.

hmm...wasn't even following the lunar stuff, but I figured towards the end of Jan early Feb sell off....maybe I'm getting "looner"
 

 

As we turn green shouldnt Gold be dropping ?

you mean the dollar vs gold?...

 

 

Am I seeing this right:

 

EUR/USD

1.3769

+0.0715 (5.48%

 

Thats from Google...

 

 

My ToS says 1.27851

 

Was that quote from the Sting? or was he promoting his Hot Sauce again?

No, glitch in the matrix.

In spy puts again, close to yesterday's resistance and hod

I thought we agreed to 1300 before we started with puts, why are you front running me?

Road the BAC coaster from 5.39 to 5.85... never should have got off. fml. Now to find a new entry point...

 

Great first post!

Russell taking off...

 

You cant trade against the banks! BAC is the indicator stock.

 

Let this pig run to +1300...

 

Gotta suck in all the longs.

 

 

 

Haha it was Doc Hudson from the pits getting Lightning McQueen back in the 3 way tiebreaker race.

Why are people buying gold when the VIX is dropping, equities are going up.  USD is going up. Someone explain how the eff this works?

You've been catching them in the sweet spot, I'm more hesitant to fade this move just yet. That upward break of the congestion in 1270-1271 I figured would produce a move to at last 1276. With the VIX still melting down like a breached containment vessel, I'm going to stand back and let this run. Should have figured this run would happen once that first big buy program hit at about 11:20, oh well, didn't feel like easy money at the time. But those puts for next week are ridiculously cheap, and so are the calls!

Nasdaq leading to the upside today, getting it all started. Dollar is up, EUR/USD is down, equities all up even the Dow too now, which might just be lagging due to having led for a while in late fall/early winter. Second day in a row breadth has gone from very negative to zero or better, now verging on +1000, we could se some real bullish fireworks here. Over 20 handles above S&P 200 day now.

Breakout of the upper trendline on IWM like the one we didnt get yesterday .. we didn`t get a backtest yet after the 74.50 break.. still movin up

 

 

 

 

 

So tempted to buy puts on FSLR and NFLX.