Stock Market Intraday Chat: Apr 23rd - 27th - Page 21

So GDP is a miss, but the DXY is tanking so the market is going higher.  As a newb I can't make much sense how this is a good thing but trying to make sense of the market isn't a smart thing todo anyway.  I don't know how this doesn't become a problem? would've figured a large gap back down on the futures but.. nothing.

 

 

Looks like this thing is getting ready for blast off....long again.
 

gdp is in the pass therefore the market doesnt care    

Well Spain was up 2% at the HOD, 1.4x% right now. It seems their debt situation was factored in... should not be a surprise. The robust performance today certainly outpaces most bulls' expectations, but it's not a huge surprise IMO as reflected in those two questions I put forth as guideposts for my views on their debt.

lol such a delayed reaction to bad news.. let the longs try and bust this higher, which Monday/ next week will be a different story. Let the month turn. 

The known knowns are known.

 

The Spain downgrade was just a matter of time, but it was know.

 

The IBEX sold off from March ahead of the news, now for a little bounce, lets see how it does at that 7500 level which was Sept and Nov support. If that level is now resistance, that will be a good sign for further downside to come.

 

Happy Friday all....Got a lat start watching hockey and the NFL draft last night with a few adult beverages...I hope no one was in MDRX look at that chart it looks like it wants to trade down to the $4.00 range back in October 2008...wow imagine waking up to that if you are holding that stock...Talk about a haircut that is open heart surgery !!!

 

 

I should post a chart but it closed at $16.00 last night and opened at $9.20  OUCH !!!!

 

 

 

You do know... that was non-alcoholic beer they gave you.

1410 1410 1410

Wow, that is weird, another M stock got flattened, closed around 16 and is trading around 9, look up MDRX's chart/ticker doppleganger in MXWL. Parallel stocks, different universes... call the Fringe team.

 

 

I know! I can't find a default GTC though  I'm putting in a request via the support/chat button at the top of the platform.

 

JPM and MS not getting much love this morning, both -1%

 

 

 

I thought something was a bit strange when after the 26th beer i felt nothing..Oh well !!   SJ-e..Yor a trip..too funny !!!!

 

 

ES right?

MPR always speaks in ES language.

Big thing I am watching now is to see if DX goes back below that early April low of 79.795. It dipped below early this morning, then came back above and is just parked above that level right now. I'm thinking they will fish a little deeper for some sell stops at some point today. Under 79.75 should see some extension, if it doesn't get there, we may just chop around in a dull mess all day. Bonds have pulled back a full handle off the overnight highs, which is helping to keep me in cash or long, but not get short... that 1393 area held nicely, put the kibosh on my short playbook, for the meantime anyway.

 

 

 This can make for a bad day !!! 

 

 

 

I would caution anyone trying to catch a knife here the volume already is 50 million shares avg daily is 3 million this is not done IMO..

 

 

Too many hot wings Dave...your tounge couldn't notice the difference...lol

 

Anyone counting on a nice market move next week, or is the volatility over for now?

 

gambled on a QQQ 66/68 May week 1 straddle for 40 cents....maybe we'll see some movement next week.

Anyone notice that move in the Russell today? Looks pretty bullish.
 

 

 

nice bounce.....slowed down some though