Stock Market Intraday Chat: Apr 30th - May 4th - Page 15

lnkd up > 120 AH

Ok, dammit.

 

With the way things have been if they beat on earnings too, they should be sub $100 by market open

 

She feels the warm winter stole sales from the spring.  Sales and prices had been recovering last fall in her area, and Q1 of this year was fantastic, but now that April is in the books she is convinced Q1's results were solely weather-based.

I've heard the experts on CNBC say we are at the bottom in real estate, but the numbers don't bear that out IMO.  When you consider that millions of retiring Boomers will be downsizing, and a large portion of the young generation is saddled with billions in debt, including secured student loan debt, then you can see how there will be downward pressure on home prices for the next several years.  Some areas will be better than others but overall there won't be a housing recovery for awhile IMO.  

 

That Great Groupon IPO.........Yep, that was a beaut !

 

 

Can't hardly wait for FaceBook
 

Yeah, this earnings period has been exactly like putting money in a slot machine.  It doesn't seem to matter what the report says, the resulting price movement just seems to be random (but usually down, even on earnings beats).

 

Edited by InverseProphet - 5/3/12 at 8:17pm

 

so we're looking for about a 100,000 wide window in which the market might go down tomorrow.   which is stupid of course, because if the market surges on a miss, they're still not going to do qe3, and i think that's pretty obvious by now.    it's going to take a sizable drop in the market for any more qe to occur.  

So which one is it? up or down

You can take your pick and hope!

Isn't this the same day as Facebook IPO trades on Nasdaq?

 

Just remember Facebook IPO, I'm pretty sure thats the same day.

Correct me if I'm wrong.

 

Too many "coincidences", I have this weakness with numerology.

 

 

Dave you seem to put some confidence in this Lunar stuff, huh?

I'm a real nerd when it comes to the cosmos and astronomy.

 

The market's appetite for more QE is so ravenous that the Fed "talking about maybe doing more QE" is the new QE. Think about it. It would not be surprising to hear tomorrow more "Fed remains prepared to do what is necessary to support the economy." Bernanke needs those open FOMC seats filled, all I expect until then is more repetition of what they've been saying in recent months.

choppy trading... soh watching wtf is going on. bulls and bears losing right now

 

stupid ryfor january-april rally.. w/ that said i think the markets are starting to correct a bit.. slow melt down.. only slow b/c the words "qe3" are keeping the markets this high. there is absolutely no fundamental reason for markets to be this high imo

 

feds are gonna eventually lose credibility on qe3 talks and will have to release something to keep their "promise" seeing as how this is an election yr.. anticipating late summer

 

There's chop because we're in a massive wedge or triangle or whatever.

Hopefully next week we narrow it down enough to start breaking out one way.

 

8.1%? It seems like it gets better each and every month when clearly it isn't, I'm pretty sure it will be down to 7.5% by the time the election rolls around, just like they want it.

A 30% miss on the NFP would normally drop the S&P big time?  Welcome to the new normal run by the algo's. .

 

The NIL force number up by 522 thousand?

If the weather service said it was 55 degrees today when it was really 75 degrees, then they told you about the new method they use to measure temperature, it would be the same thing. Clearly BS, but they can claim to be accurate based on those methods. It's the same thing here. I actually expected the 8.1 and while I thought NFP would be higher I also expected it to miss... on the surface it seems counterintuitive for MFP to be so weak (not even keeping pace with population growth) and unemployment to simultaneously fall, but people are giving up looking for work, so those folks are not technically 'unemployed.' Hopefully nobody here thinks "unemployed" can be officially defined as "without a job" because that's not enough to meet the criteria.

Dumping my GMCR calls hopefully for a small profit to get LNKD may $125/120 put spread. Still going to hold my SPY put spread

With LNKD just beware of the FB hype machine, ZNGA, GRPn, LNKD, Z, P lots of recent IPOs in social media sphere and related may catch bids off the FB mania.

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SPY 1 hour sporting a confirmed/triggered H&S with head 141.65, neck 139.65, target 137.25, gap to fill is 137.33... seems to be the best downside target I can find without looking really hard.