If SPXU goes down to $11 I think I will buy it.
Stock Market Intraday Chat: Jan 16th - 20th - Page 24
Those are the same lines we are all watching, they might prove to be a little speed bump, but at the moment I have the feeling the markets are preparing for the "Eurozone is saved!" type headlines.
Regardless of what they bake up about Europe being fixed, things will still be worse behind the scenes and we will be lower.
Again I ask why are you looking at this particular position (an ultra short S&P) if you see a pullback to 1300 and a rally. I'm just trying to figure your logic here since it would be a contradictory position if that really is your outlook (not saying I agree or disagree).
This is like the second time in a row that good job numbers rallied the day before the release.
I'm no conspiracy nut, but I do think the big money players are not getting info from Finviz, Stockcharts, CNBC or even Bloomburg. I think with all that dough they have the most state of the art technology and other far superior means and price in news days/weeks even months before the majority is privy.
Or am I just crazy?
You are crazy if you DON'T believe big money uses all information and power at their disposal to their exclusive advantage. Any donations they make to charities or other similar recipients is solely to maintain good standing with the public, while they continue to take your money. Exhibit A: the existence of legal wealth transfer, aka fiat currency.
I would laugh so hard if Google earnings were horrible but they say things will get better once they buy RIMM for a huge premium and beat Apple's iphone LMAO
We broke out of the downward channel so I removed the channel lines. All I'm left with are fib lines. The thick lines are drawn from 2007 highs to 2009 lows and the skinny ones are May 2011 to Oct. 2011 lows. I thought the 130.8 level would have provided more resistance but that has not been the case. I guess an overshoot to 132.4 is in order then. I'm bracketing into a short position here as the low volume is suspicious and there are gaps left to be filled.
Something I've been thinking about. SJE has mentioned in the past that Financials need to rally alongside any up move for that up-move to be believed. Looking over the JPM earnings I wonder if Dodd Frank has changed the game to the point that Financials will not be the pillar of strength they were in the past. I think we're a couple of quarters out from validating that theory but I thought I should just throw it out there.
My guess is that they should be quite good. Did you see this article?
Yes, but what you don't realize is that that inverse ETF is going to increase in value on that pullback. So in order for it to go to $11, the S&P would have to rise higher than we have been since it's low is at $11.40. Sure if it pulls back then, it would increase in value, but if the market then rallies to 1350-1400, you would be looking at a negative return holding long that inverse.
didn't they have some problems with the MMI acquisition? im leaning bullish for earnings but so many companies have been getting killed w/ earnings
yes they did however as far as i know they resolved all of that.. Also you have to take into account the recent expansions into russia etc..
this is GOOGLE man.. like SPARTA!
its kinda like that ATT Tmobile crap.. i knew that wouldnt pan out and be denied.. Tmobile got a sweet ass fee cuz of that and knew it also. but goog and mmi didnt have the same structure in terms of contact.
lol, then you would be long 50 assuming you bought and shorted at the same entry.
Sounds like a solid trade man, you dont see many going with a straddle on commons!
Now where is that karma button