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Stock Market Intraday Chat: Apr 23rd - 27th - Page 20

post #381 of 481

wow, 1,367 car sell /ES

Capture.PNG

post #382 of 481

 

Quote:
Originally Posted by IchibomB View Post

 

Originally Posted by BobK View Post

WARNING

 

Guess what local dumb ass forgot to put GTC on his stop. I may as well let it run and eventually it will come back up. Geeez.

 

Guess you all know what happens without GTC on your stops.

 

Happened many times to me my friend. Sorry to hear that!

 

 

Thanks Ichi. There should be a way on ToS to make GTC a default setting. I'm showing 1.0118 as next support so I dropped 2 ticks under that. Now I got a red candle to boot. When it rains it pours.

post #383 of 481

This is the start of the may fear and will rear its ugly head on a trade near you.

 

im not going to call a top but i think were done or very close to it.. too many issues and head winds.. If we

dont decline tomorrow its due to the BOJ intervention and then will be postponed until next week. .. or i suppose earnings will save it huh? .. doubt it forex is more powerful than anything else in this market.  Also the downgrade fro spain will cause yeilds to run even more.. so for you longs GL.

 

 

forgot to mention.. that the EPS expansion we had and got alittle ahead of things, inst justifying itself across the board on all stock so we might see some re-evaluation .. when keep in mind EU has not had a expansion but a contraction in this area, all i need to do is point to mondays data if i wanna be simple about it.

 

JMO.

post #384 of 481

here's how i think it'll go down.   If gdp is good tomorrow, then through next week things are going to be pretty golden.    no major economic news coming out next week, still earnings coming out, and earnings have been good for the most part.

 

if the gdp number is bad tomorrow, then tomorrow will be red, and i have no idea how next week will go.  

post #385 of 481

Also, regardless of how next week goes, the 7th will likely be a down day based on the french election.  

post #386 of 481

going to be more than just a day depending on the outcome.  Not even close to being priced in on the french market or the currency alike.

post #387 of 481
Quote:
Originally Posted by mpr View Post

S&P downgrades Spain.
Selling down to 1391, might bounce here soon. 
We'll see how extensive the selling is from the news.

Two big questions, the answer to which will help me personally quantify the downside I think is available near-term ... just the downside that can be derived strictly from the Spain downgrade...
1. Was a possible (perhaps likely?) downgrade of Spanish debt not baked in already?

2. Did anyone really believe that Spain's credit rating deserved to have the letter A in it?

The other thing that struck me about today was low volume and a similar pattern as what we saw during the first 9 or so weeks of the year, lows very early in the day session, then several legs up with lots of low volume chop in the middle of the day. That doesn't mean that I'm expecting to go straight up from here, but I like the upside so long as we can hold about 1381 into tomorrow.
post #388 of 481

Right now I'm thinking maybe a test of the 1386-87 area and then back up.
 

post #389 of 481

I closed all of my long positions at EoD today and after the bell in the 1396-1398 range, held from 1367.

post #390 of 481

lmao thought i would share this with futures traders... i guess the lesson is.. always use stops? lol

 

http://www.youtube.com/watch?v=vIMwMsY0ndo

post #391 of 481

 

Quote:
Originally Posted by jdox View Post

Right now I'm thinking maybe a test of the 1386-87 area and then back up.
 

 


Hit it while I was sleeping, now reversed to the long side.

post #392 of 481

Sold all at 1397. Back to bed til GDP.
 

post #393 of 481

 

I believe everything usually is baked into the price. But that drop was quick and I knew something news related hit. I just watch to see how extensive the selling can get in the short term. I don't think it will be something that will ultimately take us lower. I never pay attention to news until something randomly hits. It's going to bite me in the ass one day. 

 

 

Quote:
Originally Posted by jdox View Post

 

 


Hit it while I was sleeping, now reversed to the long side.

 

yeah buddy!

 

We chilled sideways for a bit and sucked in positions before blowing out stops to that 1387 wall of buy orders.

 

 

 

 

post #394 of 481
Quote:
Originally Posted by jdox View Post

Right now I'm thinking maybe a test of the 1386-87 area and then back up.

Very nicely done.

And now they just blew it right through the figure... Amazing to see us less than 1.5% from 52 week highs. Spain seems to be celebrating their downgrade in style.
post #395 of 481

Someone needs to redo the honey badger video and swap in the market.

 

Spain downgrade? Market don't care!

 

haha cool.gif

post #396 of 481

220px-ATM_pinpad_in_german.jpg&sa=X&ei=1ZCaT8_vCKSSiQKB-uDIDg&ved=0CAoQ8wc&usg=AFQjCNEW2Yiso8TvvEMTfrbsT8CxlE6Gzw

post #397 of 481

I know 1400 is resistance, but what was that? news?

post #398 of 481

AMZN....waaa?

 

eek.gif

post #399 of 481

New highs of the year,  coming to a stock-market near you booyah.gif

post #400 of 481

 

Quote:
Originally Posted by mpr View Post

I know 1400 is resistance, but what was that? news?

 

 

GDP
[Report][Star]
8:30 AM ET


 
 
Released On 4/27/2012 8:30:00 AM For Q1a:2012
  Prior Consensus Consensus Range Actual
Real GDP - Q/Q change - SAAR 3.0 % 2.5 % 1.8 % to 3.6 % 2.2 %
GDP price index - Q/Q change - SAAR 0.9 % 2.1 % 1.7 % to 2.8 % 1.5 %

Highlights
GDP growth slowed in the first quarter with a drop in government spending being the big negative. The positive was a moderate acceleration in consumer spending. GDP growth eased to 2.2 percent from 3.0 percent in the fourth quarter. The advance estimate came in lower than market expectations for a 2.5 percent gain

 

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