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Stock Market Intraday Chat: Mar 5th - 9th - Page 21

post #401 of 985
Thread Starter 

Nasdaq breadth has improved a little bit, but the NYSE is now -27:1

 

post #402 of 985


I buy deep itm option spreads and going in very small, so even if we get another 200 point gap down, I might lose 5% of my portfolio. Then again my profit will be small as well. More of just having fun putting some cash on the line to test my hypothesis

Quote:
Originally Posted by Philosuffer View Post

Watch out Herm, I hope you reconsider this idea and wait till tomorrow, I am feeling it can get ugly here. Not even a small bounce whole day, I was sitting and waiting without luck. Europe closed at lows, there can be a big gap down tomorrow.

 

An intraday quick buy and sell might be okay but I dont recommend entering a long position now and holding overnight.
 



 



 

post #403 of 985
Quote:
Originally Posted by BobK View Post



I wish I hadn't seen this. I was stopped out several days ago @5.40. It seemed to drop just enough to take me out but I was able to forget about it till now. mad.gif

 



sorry about that--but you are still holding other shorts ---I sold just in time to miss the next leg--eye yigh yigh yigh!   rolleyes.gif

 

Kudos to all those still holding their shorts--glorious day!   banana.gif

post #404 of 985
Quote:
Originally Posted by jeremymayf View Post



sorry about that--but you are still holding other shorts ---I sold just in time to miss the next leg--eye yigh yigh yigh!   rolleyes.gif

 

Kudos to all those still holding their shorts--glorious day!   banana.gif



 You managed to mess my thought process too. I was going to hold but then saw your post and thught how I missed the last run and sold all @ $6.06

post #405 of 985

Even though, I have no UVXY or TVIX position, glad to see some of the members making profit on these.

However, I think many of you who exited may regret the missed profits later tomorrowwink.gif

post #406 of 985

Any body here plan to hold their position for Tvix or uvxy over night?

post #407 of 985
Thread Starter 

-1.5% day and feels like the end of the world.

 

At 1340 S&P we are back Valentines day levels. I think we can probably get a bounce here, but this week just might be what kicks off our trend change.

post #408 of 985
Quote:
Originally Posted by moss_sumit View Post



 You managed to mess my thought process too. I was going to hold but then saw your post and thught how I missed the last run and sold all @ $6.06



I can see only one solution: you guys need to take me out behind the barn and beat the "you know what" out of me!    Then I can go back to lurking and losing $ in quiet desperation . . .wink.gif

 

Seriously though, I think we pop into the close or gap up tomorrow morning.  I'm with hermanpu, this is short term overdone. 

post #409 of 985

post #410 of 985

I am going to but don't have the position yet!
 

Quote:
Originally Posted by ssm22 View Post

Any body here plan to hold their position for Tvix or uvxy over night?



 

post #411 of 985
Thread Starter 

Defensive sectors: Utitilies and Staples relatively stronger today, everything else down hard with the market.

 

sectors

post #412 of 985

Things are still highly bullish for the SPX as long as the SPX is above 1338

 

The bears, however, have put some significant bearish building blocks in place. 

 

I expect that the price should re test 1350 either the last half of hour of today (unlikely) or tomorrow (more likely).

 

I actually thought, however, that there had been a significant chance of the test of 1350 earlier though--even though some significant bearish signs were forming at the time.

 

  

 

 

post #413 of 985

UVXY or TVIX?!?

 

Quote:
Originally Posted by Philosuffer View Post

I am going to but don't have the position yet!
 



 



 

post #414 of 985

i've got uvxy from 5.20 i'm thinking of holding.

post #415 of 985

Waiting for the short covering, probably would go with UVXY

post #416 of 985

lovely selling volume. Broke average volume with increasing selling the past three days. If we can keep this and close near LOD, we will go lower tomorrow. (yay)

post #417 of 985

Gold is moving up, the market will follow giving the oportunity to join the ride down. 

 

Quote:
Originally Posted by Philosuffer View Post

 

Waiting for the short covering, probably would go with UVXY



 



Quote:
Originally Posted by Philosuffer View Post

Waiting for the short covering, probably would go with UVXY



 

post #418 of 985
Thread Starter 

Wow, pretty lousy bounce attempt, hardly any traction

post #419 of 985

its going to be a late cover .. last 10 mins.

.. if not then in the AM tomorrow.

post #420 of 985

last ten minutes, 60 point bounce. book it.

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