Stock Market Intraday Chat: Feb 13th -17th - Page 56

NFLX falling off a cliff.....again

Looks like the bounce is gonna start any minute! Here is what I would do I am a bull with enough fire power:

Move the market up but just close below 137 without touching it. Then, gap it up a 100 points on Tuesday using Greece news via futures manipulation so that other bulls wont try to exit and bears would have a difficult time to take it down over the gap!

Hmmm... Nasdaq in the red with AAPL in the green.  What crazy voodoo is this... 

Quote:

Originally Posted by OldFart 

NFLX falling off a cliff.....again

Not really falling off a cliff that I would say. I did a little TA on their stock last night (my first one :D) to evaluate my position with them. I noticed some converging support and resistance lines so hopefully they show a favorable break though next week (and hopefully my first TA is correct).

I was talking about super short term ( 1 minute charts ) since this is a day trading thread....

If you look, yesterday pretty much did the same thing with a drop around the 120 area and then bounced....

 

Quote:

Originally Posted by jsteinm1 

Not really falling off a cliff that I would say. I did a little TA on their stock last night (my first one :D) to evaluate my position with them. I noticed some converging support and resistance lines so hopefully they show a favorable break though next week (and hopefully my first TA is correct).

 

Whooops. I must be in the wrong place, still learning my way around
 

Quote:

Originally Posted by OldFart 

I was talking about super short term ( 1 minute charts ) since this is a day trading thread....

 

If you look, yesterday pretty much did the same thing with a drop around the 120 area and then bounced....

 

 

Could also be a friday OPEX long weekend snoozefest, no need to trade everyday, cash is also a position.

/HG off a cliff

I'm holding tons of 137 spy puts expiring today. So underwater on these lol even though I sold 135 puts to hedge. Markets looking like it wants to take profit. Now during lunch time is when there should be the most upside like yesterday. Lower volume, easy to short squeeze upward but not seeing much of that. I will see what happens around 2pm when lots of volume comes in into 3pm.

I wouldn't be surprised to see us drop 100 points on the Dow into the close. Especially if there are downgrade rumors, usually done on Fridays.

Europe markets worked our futures up = U.S needs to set up a base at these levels.

Like I said yesterday, We set up a base or a "handle" today so we can be ready to go higher next week.

I am not sure. I am feeling they will close it just below 137. If there is any selling it would be shown up by now. Everyone is waiting for that 137+ before thinking of selling!
 

Quote:

Originally Posted by hermanpu 

I'm holding tons of 137 spy puts expiring today. So underwater on these lol even though I sold 135 puts to hedge. Markets looking like it wants to take profit. Now during lunch time is when there should be the most upside like yesterday. Lower volume, easy to short squeeze upward but not seeing much of that. I will see what happens around 2pm when lots of volume comes in into 3pm.

 

I wouldn't be surprised to see us drop 100 points on the Dow into the close. Especially if there are downgrade rumors, usually done on Fridays.

old people can move fast when we want too....
 

Quote:

Originally Posted by JaysonW 


I'm at the library sitting next to the magazine rack and saw the SI Swimsuit Edition; some old man just came by and took it, dang it!

Jeez, seems they turned off the algos.

well time is of the essence for them..
 

Quote:

Originally Posted by OldFart 

old people can move fast when we want too....
 

 

FDX got smacked in the teeth...nice drop

UPS as well

mjoke, your margin of error or MOE that you had as 2 points (55, was really 57) has now turned into 6 points. 

Does that change any of your calculations that you mentioned you had? 

wow...crazy drop  
 

Quote:

Originally Posted by StockJock-e 

The wedge... its the wedge!

 

 

SJ get ready TVIX is gonna come back down below 17 pretty soon!

There you go, nice drop without much change in DOW. 17.11 at the moment!