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Stock Market Intraday Chat: Mar 26th - 30th - Page 5  

post #81 of 675
3/26/12 at 11:01am
Thread Starter 

Strong internals continue

 

NYSE 5.3:1

NASDAQ 4.8:1

 

1414 were the previous highs on the S&P cash, now at 1411, looks like we may try for a test.

 

Map is mostly green across the board

 

sp500_large1057.png

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post #82 of 675
3/26/12 at 11:07am
Thread Starter 

First little sell spike of the day, -717 TICK, nothing special, but its the first sell tick since the open, lets see if it leads to anything further

post #83 of 675
3/26/12 at 11:14am
Thread Starter 

When is Spain due to start being a problem?

 

 

Quote:

Italy’s Prime Minister Mario Monti warned that Spain could reignite the European debt crisis as euro-area ministers this week prepare a deal to strengthen the region’s financial firewall.

 

Monti pointed to Spain’s struggle to control its finances ahead of a finance ministers meeting in Copenhagen starting on March 30, where officials will seek agreement to raise a 500 billion-euro ($664 billion) ceiling on bailout funding.

 

http://www.bloomberg.com/news/2012-03-25/monti-signals-spanish-euro-risk-as-eu-plans-to-bolster-firewall.html

post #84 of 675
3/26/12 at 11:19am
Quote:
Originally Posted by StockJock-e View Post

When is Spain due to start being a problem?

 

 

http://www.bloomberg.com/news/2012-03-25/monti-signals-spanish-euro-risk-as-eu-plans-to-bolster-firewall.html



I think they should attach some really ominous and threatening music on articles like that.  laughing.gif

post #85 of 675
3/26/12 at 11:22am
Thread Starter 
Quote:
Originally Posted by Rock Sexton View Post



I think they should attach some really ominous and threatening music on articles like that.  laughing.gif



Followed by a quick comment by Ben that he will hit the switch on QE3 if that starts to happen, which would put us at S&P 1500 almost immediately laughing.gif

post #86 of 675
3/26/12 at 11:33am
My TVIX and HVU are getting roflstomped lol.

Guys, help if possible. HVU (Toronto), what would be an equivalent opposite to it? Options strategies? Opposing ETF?
post #87 of 675
3/26/12 at 11:36am
Thread Starter 
Quote:
Originally Posted by Lehner View Post

My TVIX and HVU are getting roflstomped lol.
Guys, help if possible. HVU (Toronto), what would be an equivalent opposite to it? Options strategies? Opposing ETF?


HVU :Horizons BetaPro S&P 500 VIX Short-Term Futures Bull Plus ETF (ETF)

 

That sounds exactly like the VXX, UVXY or something like those.

post #88 of 675
3/26/12 at 11:40am
Quote:
Originally Posted by Lehner View Post

My TVIX and HVU are getting roflstomped lol.
Guys, help if possible. HVU (Toronto), what would be an equivalent opposite to it? Options strategies? Opposing ETF?

First a question... do you know exactly what the underlying on those instruments? If you don't know exactly, off the top of your head, you never should have bought them. IMO UVXY VXX and TVIX are all suckers' bets so long as VIX futures are in contango of more than about 5% front month futures to VIX. If that doesn't make sense, you should probably not be holding these dangerous machetes.
post #89 of 675
3/26/12 at 11:42am
Quote:
Originally Posted by StockJock-e View Post

First little sell spike of the day, -717 TICK, nothing special, but its the first sell tick since the open, lets see if it leads to anything further

Breadth has been fading ever since the open. I thought it should hold around +1400 to +1600 if the upside were to continue into the afternoon... so far 1600 looks pretty good. I do think we set fresh rally highs on ES before settlement today... really no big stretch to say that since we are just 3 handles off.
post #90 of 675
3/26/12 at 11:48am
Quote:
Originally Posted by rando View Post

First a question... do you know exactly what the underlying on those instruments? If you don't know exactly, off the top of your head, you never should have bought them. IMO UVXY VXX and TVIX are all suckers' bets so long as VIX futures are in contango of more than about 5% front month futures to VIX. If that doesn't make sense, you should probably not be holding these dangerous machetes.

When I bought them, the contango discussion here came to light well after the fact.
post #91 of 675
3/26/12 at 11:51am

the intra trend is going to reverse here slightly as we are rolling off the 3-19 1405.. the ticks are somewhat in a downward slope and the adv to dec volume is starting to turn slightly.

Also i feel that since the metals options contacts expire tomorrow that those are running and pushing other things around.. I mean what did ben say that he hasent before, nothing.

post #92 of 675
3/26/12 at 11:52am
Quote:
Originally Posted by Lehner View Post


When I bought them, the contango discussion here came to light well after the fact.


Did you have a plan? Stops in place?

 

 

post #93 of 675
3/26/12 at 11:52am
Quote:
Originally Posted by Lehner View Post


When I bought them, the contango discussion here came to light well after the fact.


This discussion has been going on for months now.

post #94 of 675
3/26/12 at 11:54am

All quiet in the western front....typical of most Mondays

post #95 of 675
3/26/12 at 11:56am
Quote:
Originally Posted by StockJock-e View Post


Just doing our part to keep the bubble inflated!

 

 


You could send me one. That might help. lol

 

 

post #96 of 675
3/26/12 at 11:59am
Thread Starter 
Quote:
Originally Posted by BobK View Post


You could send me one. That might help. lol

 

 


Great, so now you can factime me!

 

Ill ship one right away!

 

post #97 of 675
3/26/12 at 12:01pm
Quote:
Originally Posted by Bishop View Post

This discussion has been going on for months now.

If he bought before then, that money is probably never going to regrow.
post #98 of 675
3/26/12 at 12:04pm

I go away for a litle while and you guys create a bull market?...what the?

post #99 of 675
3/26/12 at 12:05pm
Thread Starter 

Fast Money: "Bernanke has our backs!"

 

Puke...

 

Unfortunately they are right, the Bernanke put is still here and strong.

 

post #100 of 675
3/26/12 at 12:07pm
Good god... SPY 42MM volume after noon? We might not hit 100MM, more likely we end 105-118 MM or so, but this is really, really dull. These are the perfect conditions for them to fire off some of those light buy programs during the lunchtime trading coma, if we see some 1 min bars in the 600-900K share range, with price popping 5-12 cents, you can bet on a day like this, those will be buy programs. With breadth weakening and nothing much happening, they might do that just to keep price stuck up here.
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