Stock Market Intraday Chat: Feb 20th - 24th - Page 27  

ugh huge tick up

1362-1364 on the S&P would be my targets here.

 

That would be new highs over yesterday which should get the short term bears out, which is what they probably want to do.

 

 

Jumping into SPY puts march 140's. Seems like resistance is around 136.40

Dont make me fly down to Florida and slap you around!

I just want to point out that even with that huge spike we just had, AAPL has not made an attempt at HOD yet, usually AAPL leads these kinds of runs.

 

 

AAPL buyers getting tired?

Everyone who wants in ahead of the meeting where we find out about a possible dividend resumption ... those longs are already in. I had an alert from yesterday that never triggered for breaking the HOD of 515.49 it triggered soon after the open today, so it did peak a bit higher. It's all about the meeting now, last minute longs not too likely due to how popular this issue is. JMO, might be dead wrong on this one.

Cannot believe SPY touched 135.50 clean and has seen such an impressive bounce. Volume was low on the way down and it reversed at 9:50 on the dot... been so long since we had one of those. I was looking for a slightly deeper pull to about ES 1348. Looking pretty strong here, that dollar move as someone warned a short earlier was a pretty telling thing.

QQQs looking at resistance zone... looking for it to fail. Note, its a 5 min chart, could be different on a longer time frame.

 

EDIT - Scratch that thought, just powered through

 

iwm is out of its mind today.

Here we go, over yesterday afternoons highs should squeeze a few shorts.

 

AAPL IBM cant save this entire market on its own.

 

Not probably.. This is for sure what they want to do. These gains are beyond obvious that manipulation is taking place here. Best thing to do is to buy every dip.

Been wanting to long some of those, but wanted to wait for the top to paint itself a bit more clearly. Right now I'm still wondering if it has more covering legs left. What about you, been watching it on granular time frames (1 and 5 min) and if so do you feel the covering is done? Do you have a pain threshold for the position? I'm looking at the Mar 60P but those are still quite pricey to my eyes. These overshoots of targeted levels are such killers.

Wouldn't something with a flintlock be more your style?

 

Picking up TVIX here - 1000 @ 16.35.  This shit cant go up forever (famous last words)

One of these days one of us will actually pick the bottom in TVIX, but that day could be anytime between now and 2014

This could be a sucker play on TVIX longs. TVIX is sitting on a 10% premium to NAV, which is unlikely to last that long IMO. Also, March VX (VIX front month futures) is at a 20% premium to VIX, as expiration draws closer, VX will pull closer to VIX, so if VIX doesn't rise more than 20%, TVIX is almost guaranteed to drop. The lack of volume on a short-term relative basis is also another sign demand is actually highly diminished, lending credence to the idea someone was pressing CS to their OS limit by creating artificial demand, against which they have now probably flipped to a net short position. Highly advise you to set a hard stop and promise to not change it... this could get very ugly, still could be a winner, but the risk is hidden and extreme. ED: premium over 11% now, just amazing, and don't assume it's a free lunch.

Every time we get a little bit of a drop, everyone thinks we've topped out and gets short. Too many shorts and they just run the market up some more. At this rate we'll be at 1500 before you know it.

TVIX premium is about 10% at the moment!!

Edit: Rando already caught that!