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Stock Market Intraday Chat: Apr 30th - May 4th - Page 12

post #221 of 411

First trade of the week...SPY condor 138p/139p/140c/141c

post #222 of 411
Quote:
Originally Posted by rando View Post

I've mentioned it here before, but it is worth pointing out that 1389.50 is the 78.6% fib from the March 2009 lows to all time highs on ES. This level is beginning to feel like a bit of a magnet, and the fib being here might help explain some of it (above we see a huge push into 1400s, below then it might be quite a while before getting back over this level). My thoughts are still long, the "buy the morning dip" mentality has come back into play to some degree in recent sessions.

 

 

Looks like a hammer candle forming on the 10 min SPY chart.. 

post #223 of 411
Quote:
Originally Posted by Davecash77 View Post

 

 

Looks like a hammer candle forming on the 10 min SPY chart.. 

 

Not familiar with that, what is it? I do see a head and shoulders with a neckline at 140 on the 10 min. It broke though with large volume so we'll probably see a retest of the 140 resistance before going down some more.

post #224 of 411
Quote:
Originally Posted by Davecash77 View Post

 

 

Looks like a hammer candle forming on the 10 min SPY chart.. 

nice catch, seeing the same on /NQ as well, lots of nice wicks on a bunch of charts here

post #225 of 411
Quote:
Originally Posted by jsteinm1 View Post

 

Not familiar with that, what is it? I do see a head and shoulders with a neckline at 140 on the 10 min. It broke though with large volume so we'll probably see a retest of the 140 resistance before going down some more.

 

Here ya go. Everything you ever wanted to know about a candle.

 

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:candlestick_pattern_

post #226 of 411
Quote:
Originally Posted by jsteinm1 View Post

 

Not familiar with that, what is it? I do see a head and shoulders with a neckline at 140 on the 10 min. It broke though with large volume so we'll probably see a retest of the 140 resistance before going down some more.

 

 

 jsteinm1..Take a look at your 10 min SPY chart whatever platform you are using and notice the wick that touched 139.65 and look at the picture i attached a lot of times it cam mark a bottom...

 

candle4-hammerhanging2.gif

post #227 of 411

Thanks bob and dave, I was googling "hammer cradle" before I asked and wasn't having much luck tongue.gif

post #228 of 411
Quote:
Originally Posted by kylestt View Post

nice catch, seeing the same on /NQ as well, lots of nice wicks on a bunch of charts here

 

 

Thanks Kylestt

 

I like the upside until May 18th where we have some massive lunar atuff going to happen,I know a lot of you are not into the asto that much so i will not go into detail but keep that date in the back of your mind and i will revisit it ATT...

post #229 of 411
Quote:
Originally Posted by jsteinm1 View Post

Thanks bob and dave, I was googling "hammer cradle" before I asked and wasn't having much luck tongue.gif

google is usually really good if you just use "whatever candlestick pattern" insert whatever name, or just do candlestick patterns and read them, some interesting stuff to watch

post #230 of 411
Quote:
Originally Posted by jsteinm1 View Post

Thanks bob and dave, I was googling "hammer cradle" before I asked and wasn't having much luck tongue.gif

 

Funny stuff. You pulled a Bob. laughing.gif

post #231 of 411
Quote:
Originally Posted by Davecash77 View Post

 

 

Thanks Kylestt

 

I like the upside until May 18th where we have some massive lunar atuff going to happen,I know a lot of you are not into the asto that much so i will not go into detail but keep that date in the back of your mind and i will revisit it ATT...

 

I won't remember May 18 Dave but if you would post a reminder on the 17th I might.

post #232 of 411
Quote:
Originally Posted by BobK View Post

 

I won't remember May 18 Dave but if you would post a reminder on the 17th I might.

 

Its May expirations if that helps. "Say Nay to May" next time your looking at chains... catch phrases always help

post #233 of 411
Quote:
Originally Posted by BobK View Post

 

I won't remember May 18 Dave but if you would post a reminder on the 17th I might.

 

 

You got it BobK...My alarm is set booyah.gif

post #234 of 411

ES 1390 support seems to be pretty solid, this is a good launching pad for move over 1410 IMO

 

fut_chart.ashx?t=ES&cot=138741,13874A&p=h1

post #235 of 411

Bought some AMAT May 18 $12 calls @.14 (earnings May 17)

 

amat.gif

post #236 of 411

Volatility $VXX dropping like a rock,more upside to come..IMO...Have been Long $XIV and do think it will test the $13.50 area by the 18th of May..

post #237 of 411
Quote:
Originally Posted by StockJock-e View Post

ES 1390 support seems to be pretty solid, this is a good launching pad for move over 1410 IMO

 

fut_chart.ashx?t=ES&cot=138741,13874A&p=h1

 

If we can get over 1400 anything is possible. thumbup.gif

post #238 of 411

Sell in May and go away?  Not always.  Here are some charts that say otherwise...

 

Think I have this right, easier to post the link but I never do things the easy way.

 

 chart shows 1956-82 yep theory is true.

DJ1.gif

 

chart from 1983.... 

DJ2.gif

 

 

 

heres the link for more info...

 

http://www.seasonalcharts.com/saisonalitaet.html   

 

( I am not saying we go up or down, I am neither bullish or bearish I just like to be the right side - and I am Rando's biggest fan)

 

And yes I am missing 2011 and i'll let you know about 2012.... we'll see what happens ...

post #239 of 411

choppy may fml

post #240 of 411

i think we go lower, but sje been in markets for >20 yrs so fml

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