Stock Market Intraday chat: Feb 6th - 10th - Page 39

DMND hit 25 from a low of 21.44 yesterday....wow....epic

T3 Live pointed out a good level on their morning call. SPY 133.64 is the low since last Friday's gap up.

S2 failed after a little fight, ES 1335.50, but it could retake that level pretty easily right here. Thinking the real bounce attempt gets underway pretty soon, although if we break into the 1331 handle the selling might see a little snowballing - that handle corresponds pretty well with the 133.64 SPY level. SPY volume is okay but not as strong as we might expect for a good red open with internals looking quite crappy.

TF 806-811 looks like a pretty important battleground. Looking at some possible entries in miners in the coming days, gold getting close to being tempting.

We got it the first time. HSM does not equal spam central. Just bear central

 

 

http://www.spam.com/

 

Thank you morning market dump. Covered for a tiny $100 loss
 

 

thanks...I almost broke that rule...

 

Visa had a wicked bounce this morning...111.40 to 113.19...crazy

 

I didn't catch it thought...too quick for me
 

 

Interesting tweet by Jeff Macke..

 

No nation will vote for pension cuts etc imposed by outsiders. Ever. RT@dr_d_esq I'm Greek and I still don't think this plan gets approved

 

 

Should be an interesting weekend with Greece situation stiull up in the air !!!   Bought ERY at the close last night and got lucky with the overnight move and sold right at the open...Sometimes they wwork and sometimes well you guys know !!!

 

I was able to infiltrate Mjoke's trade station in California. Once I entered the room he was in, I saw him there viciously counting his benji's. Luckily I was able to capture this photo.

 

Note: This was the room I barely caught a photo of on the way out

 

Just some clean laughs..

Sorry mate your a bit out there ! Thats MJ *Ironing room*.   He hates it when the cash is all scrumpled up so he irons it. The room you have shown is the waiting room where cash is stored pre-ironing.

So the picture is just a fraction of his cash storage.....

 

Oh look, TVIX the ETN has an evil twin. UVXY, an ETF, has a 0.95% expense ratio... off the top of my head I think TVIX's is more like 1.5-1.6%. Hmmm.

Doesn't defaulting on Greek debt damage the pension fund even more? It will probably lead to Greek equities getting killed and the currency may not be the Euro anymore. Is Greece going to print enough money to make pensioners whole?

 

I thought Greece default was baked in already into the equity market anyway? We didn't really get a bounce out of the news that a deal was struck yesterday, more like sell on news effect yesterday.

 

The bigger problem is that Greek negotiations sets a precedent of how the other countries will deal with their debt in the near future.

 

Italy and Spain are going to be epic!

but the volume is only a half a million shares though, not liquid enough!

 

TVIX hit 18.33 and crossed today's daily target of 18.25+, thinking of exiting somewhere above 18.30 but selling can accelerate EOD so contemplating about it!
 

 

Mr. Topstep just tweeted this absolute gem.

Well keep it on your radar, I think it said inception date was Oct 3 2011, so a little more time and it will be trading more, look at TVIX's first months.

MrTopStep says ... YOU HAVE TO LOOK AT THIS CHART :

 

 

This is interesting..

 

DAX is down 1.38% while S&P is down only 0.8%, expect it to catch up with DAX end of day.

I think selling will accelerate in the afternoon to catch up and that too this is a Friday!!

 

Because of this, I am actually thinking TVIX may touch 19 today, before the close. That would be extreme but I am sensing the possibility!

It is probably going to chop around 18.10 most of the day and try to climb up before the close!

Now, I wonder who was the lucky person that bought those 1700 shares at 16.85 while all others were sleeping :)

Wish I had extra money, that trade was so obvious!!!

 

SJ-e you owe a bunch of cookies for these accurate calls!!!!