Stock Market Intraday Chat: Mar 5th - 9th - Page 29

No, but it isn't called $TICK on all the platforms
 

Quote:

Originally Posted by Marcus092 

Do you need Level 2 access to get this?

Quote:

Originally Posted by Frankenstein 

Things are range bound--but the SPX seems to be working on rising above the critical 1349 for today.  I think it should be successful in doing that for various reasons, including the market internals showing signs of the bullish, although this appears to be a tight battle between the bears and the bulls at the moment.  The test after that should be about 1356 intra day today.  That could be a key test for things--whether the up trend or the down trend continues.  

A quote from a half hour ago, when the SPX had been at 1346.  The SPX is currently at 1351.  1356 should be the next target and a key level to test for today. 

Quote:

Originally Posted by Marcus092 

Do you need Level 2 access to get this?

Nope.  Just type in $TICK on your chart software.  I use the 5min.  Readings of 800+ or -800 and lower tend to give you an idea of whether buyers or sellers are snatching control.
 

Quote:

Originally Posted by Philosuffer 

I am gonna hold for a few days at least. I am not one bit worried. I will share when I exit this position. Should be able to make some profit and exit in a few days.
 

 

I bought 52.5 strike March expiry for 0.70 or so

 

Phil,

I bought my self into UVXY yesterday @ $6.17, ( I am kicking my self) and now I am down - 8%. Should I buy more share to lower my cost? or wait till tomorrow?

Quote:

Originally Posted by ssm22 

 

Phil,

 

I bought my self into UVXY yesterday @ $6.17, ( I am kicking my self) and now I am down - 8%. Should I buy more share to lower my cost? or wait till tomorrow?

can you ask yourself why you entered, since you dont know why you are holding

Reverse split in this case is actually a good thing. People have a negative perception of reverse splits because typically it was done by companies that are in bad shape. They do it to meet the minimum listing price requirements. However, companies that are turning around also do reverse splits.

In this case, UVXY is not a company and it is not going out of business. Its volume and assets under management just got exploded in a weeks time frame and matching with TVIX volume now. The RS is being done to minimize the bid-ask spread in percentage terms which will reduce the trading costs.

Quote:

Originally Posted by moss_sumit 

With reverse split (6-to-1) happening after close today, I'll get out today and buy again later.

Quote:

Originally Posted by StockJock-e 

What is the green all over the place? go away!

 

 

Due to all the iPad 3 hype for today. Goto www.engadget.com market is excited. Once they release it the excitement will be over and we will most likely drop tomorrow. Just like sex lol.. Up on excitement and down after event lol..

Quote:

Originally Posted by kylestt 

can you ask yourself why you entered, since you dont know why you are holding

 

Again, this is why you don't blindly follow people on a message board if you don't understand the "why" of the trade.  Know what I mean?

Anyone buying Silver today?

http://etfdailynews.com/2012/03/07/hey-silver-bugs-start-buying-slv-agq-pslv-gld-zsl-sivr/

Quote:

Originally Posted by StockJock-e 

What is the green all over the place? go away!

 

 

Don't fret SJ-e...just a little oversold bounce to the 1360 area and then we get the real correction. I'm thinking 6-8% before it's over? 

Sold my calls a little too early, but looking to get short soon on this bounce with a put spread. I don't think we will go down too much. Pretty confident that we'll chop around and drift lower until March expiration.

Lets see if we can get to 1360

Quote:

Originally Posted by Philosuffer 

I am gonna hold for a few days at least. I am not one bit worried. I will share when I exit this position. Should be able to make some profit and exit in a few days.
 

 

I bought 52.5 strike March expiry for 0.70 or so

 

You may want to look at VRML. It's saving my bacon today.

I would add more at 5.70 if capital is available. 5.70 is kind of a support level and I do think it will recover.

My timing was not perfect either as I bought 7600 shares at 6.10.

The typical answer is you must decide for yourself as no one else can take responsibility for the losses. However, I was telling what I would do if more capital is available.

This thing is very volatile and one need to have the strength to withstand the moves.
 

Quote:

Originally Posted by ssm22 

Phil,

 

I bought my self into UVXY yesterday @ $6.17, ( I am kicking my self) and now I am down - 8%. Should I buy more share to lower my cost? or wait till tomorrow?

That is great to hear. It is already down 21% and seems like at a support. However, with that big run it can fall more if the support is broken.

Quote:

Originally Posted by BobK 

You may want to look at VRML. It's saving my bacon today.

Quote:

Originally Posted by Rock Sexton 

 

Nope.  Just type in $TICK on your chart software.  I use the 5min.  Readings of 800+ or -800 and lower tend to give you an idea of whether buyers or sellers are snatching control.
 

 

Ahhh got it. Do you look at NYSE or Nasdaq

Quote:

Originally Posted by Marcus092 

Ahhh got it. Do you look at NYSE or Nasdaq

I'm mostly a Nasdaq trader (just like the order flow better)..... but in this particular case I was aligning the $TICK with my TNA trade.  It punched a +1021 reading which was higher than the +1019 from this morning, essentially making a higher high and it was on like Donkey Kong.  Look at just after 11am on the charts of TNA and the $TICK.  You'll see when buyers took control ....

Quote:

Originally Posted by Rock Sexton 

I'm mostly a Nasdaq trader (just like the order flow better)..... but in this particular case I was aligning the $TICK with my TNA trade.  It punched a +1021 reading which was higher than the +1019 from this morning, essentially making a higher high and it was on like Donkey Kong.  Look at just after 11am on the charts of TNA and the $TICK.  You'll see when buyers took control ....

Thank man!