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Stock Market Intraday Chat: Feb 27th - Mar 2nd - Page 59

post #1161 of 1355
3/2/12 at 8:04am


this is true, but I was just trying to show him that a stop loss could help him gain even more....even a 5% drop would be around $516, and he bought at $510....
 

Quote:
Originally Posted by hermanpu View Post

If apple gapped down under his stop in after hours or premarket he wouldn't be able to get out. We saw that apple can be quite volatile, 5% move that one day in just a couple minutes.


 

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post #1162 of 1355
3/2/12 at 8:23am
Futures down hmm.. I don't know I'm still bullish long term but adding to longs recently has not paid off I don't know how more buying is going to happen without a nice big drop first. Is anyone thinking of buying into anything this morning at these levels?
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post #1163 of 1355
3/2/12 at 8:24am

Renewed concern over Greece? lol, how quickly we forget... thought Greece was so last week. again. for the 50th time.

 

 

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3/2/2012

 

S&P 500 Index futures (/ES) are pointing to a lower open this morning. Renewed concern over Greece is helping fuel the weakness, even as a report confirmed that overnight deposits at the ECB hit a record high. Banks took the influx of cash from the ECB and deposited most of it right back to the Central bank. Investors still expect Greece to avoid defaulting, but the country still must clear one more hurdle before it receives its second round of bailout funds. There is little on the U.S. economic calendar today so the market could look to digest its recent gains. The usual jobs report that is due the first Friday of the month will be released next week.  The CBOE Volatility Index (VIX) fell sharply yesterday as equities rose.  The fear gauge continues to pull-back due to the improved economic data.  Oil futures (/CL) are slightly lower this morning after spiking yesterday afternoon on a rumor of an exploded pipeline in Saudi Arabia. The rumor was false but rising crude and gas prices will begin to take a toll on consumer spending, which makes up 70% of our economy.  

 

 

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post #1164 of 1355
3/2/12 at 8:24am

I finally am havin a few days off to trade this week and I did very well daytradin shortin the rallies and opening spikes but gappin down today just doesn`t seem like a good choice for shortin.. what yall think?biggrin.gif

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post #1165 of 1355
3/2/12 at 8:25am

15oau6q.gif

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post #1166 of 1355
3/2/12 at 8:30am
Quote:
Originally Posted by OldFart View Post


this is true, but I was just trying to show him that a stop loss could help him gain even more....even a 5% drop would be around $516, and he bought at $510....
 



 


correct and that 5% move was a once a year type move IMO, not every day does apple run up $25 then pull back $35 lol. If it does like that, one should take the stopped out position and re-evaluate the trade. Who would have thought starring at that candle that we would make that ground up and set new highs a week after. You can't single out a rare event and set all your stops/trades for that one event.

 

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post #1167 of 1355
3/2/12 at 8:47am

I think it's safe to say AAPL will climb going into the release of iPad3...

 

Quote:
Originally Posted by kylestt View Post


correct and that 5% move was a once a year type move IMO, not every day does apple run up $25 then pull back $35 lol. If it does like that, one should take the stopped out position and re-evaluate the trade. Who would have thought starring at that candle that we would make that ground up and set new highs a week after. You can't single out a rare event and set all your stops/trades for that one event.

 



 

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post #1168 of 1355
3/2/12 at 9:02am

Anybody else notice currency is seeming to disconnect more and more the last few days from equities? Euro has moved from like 1.348 down to right around 1.32 now and /DX back over $79.25 yet the /es still holding ~1370.

 

Maybe Marco can chime in on what he has noticed as I believe he was maintaining a spreadsheet showing /DX % moves vs S&P % moves. Would be curious to see how the last few trading days relates to the previous few weeks.

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post #1169 of 1355
3/2/12 at 9:06am

Quote:

Originally Posted by OldFart View Post

I think it's safe to say AAPL will climb going into the release of iPad3...


We'll also be watching what Israel does very closely....hmm.gif

 

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post #1170 of 1355
3/2/12 at 9:17am


laughing.gif.....looks like we may get a little downside this morning...let's see if Israel buys it up...
 

Quote:
Originally Posted by rmejia View Post

Quote:


We'll also be watching what Israel does very closely....hmm.gif

 



 

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post #1171 of 1355
3/2/12 at 9:19am


I'm willing to bet they already bought their AAPL, that would help explain the massive, persistent rise the stock has seen.
 

Quote:
Originally Posted by rmejia View Post

Quote:


We'll also be watching what Israel does very closely....hmm.gif

 



 

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post #1172 of 1355
3/2/12 at 9:21am

What is the israeli index ticker / where can i track that index, can someone link me please

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post #1173 of 1355
3/2/12 at 9:28am
Quote:
Originally Posted by rmejia View Post

Quote:


We'll also be watching what Israel does very closely....hmm.gif

 



Oh this again? LOL

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post #1174 of 1355
3/2/12 at 9:38am

the cabal moving again

 

JPM, GS, MS

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post #1175 of 1355
3/2/12 at 9:40am

GAZ on the move as well.... ( Rando found this one )

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post #1176 of 1355
3/2/12 at 9:42am

What is GAZ tracking? it moves completely unlike UNG

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post #1177 of 1355
3/2/12 at 9:44am
Quote:
Originally Posted by RetireYoung View Post

What is GAZ tracking? it moves completely unlike UNG

Anyone who even looks at the GAZ chart should also be tracking GAZ.IV. Right now IV is 2.70s and stock is 5.0s... that's about an 80% premium to NAV. It tracks the same thing as dUNG, so just know all about what you're trading before you get in to that knife-throwing contest.
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post #1178 of 1355
3/2/12 at 9:46am
SPY volume is completely atrocious this morning. Probably going to be a sideways day, thinking if we get a good enough morning dip, this is one to be buying.
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post #1179 of 1355
3/2/12 at 9:46am


The Dow Jones-UBS Natural Gas Subindex Total ReturnService Mark is a sub-index of the Dow Jones-UBS Commodity Index Total ReturnService Markand reflects the returns that are potentially available through an unleveraged investment in the futures contracts on physical commodities comprising the index plus the rate of interest that could be earned on cash collateral invested in specified Treasury Bills. The index includes the contract in the Dow Jones-UBS Commodity Index Total ReturnService Mark that relates to a single commodity, natural gas (currently the Henry Hub Natural Gas futures contract traded on the NYMEX).
 

Quote:
Originally Posted by RetireYoung View Post

What is GAZ tracking? it moves completely unlike UNG



 

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post #1180 of 1355
3/2/12 at 9:47am
YELP might be the ticker of the day to watch, opened 50% above IPO price.
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