Stock Market Intraday Chat: May 7 - May 11 - Page 20

Yea I agree with Mjoke it comes down to a lot more than just one thing.. such as probabilities, one instrument, or news.. As the humans don't really control where this market goes. If it will be a better strategy to move down due to a situation that others are going to react a certain way given a circumstance then price will just move down initially without faking, which in hindsight fakes the one waiting for the fake 

 

 

And yes same applies to other view, but just take it with a generalization due to relative market positioning.

ES holding yesterdays lows so far.

 

Lots of bulls buying all the stuff on their wish list, but I think we have another leg to at least 1335 before the big bounce.

Found this posted at 08:00 ish way before pre-market I would say.

 

If you can't say booyah for this then a moderator needs to remove the option...  

 

BARBELLMAN        to yah    well done. 

Isnt the minimum target still in the low 1300's before the "big" bounce?

Thank you,

 

Just closed that position on the HSM may stock contest market as well.  Sold my calls for a nice gain :)

soda $35 calls only up 80% and the stock is up over 20%? Seems like a big move was priced in.

I would want at least a 300% for buying something 20% otm lol

These lows are going to get taken out

major support breached. long all shorts 

Exited all of uvxy at 16.05

Here is the push, ES to 1335, come on baby, do it

Dolllar tapping on April high, next level around 80.80 it could be a swift move to that... it would force Aussie down through parity. S2 on ES is all the way at 1332.50, that lines up well with a dollar move through the vacuum in the mid 80.xx level. Time to hide the children, it looks like. Volume coming in very robust this morning, if it gets ugly we could in theory push for SPY 300 MM (it would have us moving into low ES 1330s if we get that kind of volume).

biggest load of bs this year and i dont think the USD is going to 80.80.. as it doesnt move 100 in any single session. Unless the Spain yields top 6.2% and a auction actually kicks off on those rates.

It needs to breach 80.50 first.. also your reliant on the euro breaking down along with the GBP which is doubtful beyond this point without any catalyst as mentioned.

SPY now below 100 SMA for first time since 12/19, day before the gap up started this madness.

 

Minimum target on what time frame and for who?

 

Sure, if you want 1300 you can have it as a target

Bought some feeler TZA this morning @ 20.42 premarket (felt like a bad choice even still now - said I wouldnt but took starter small position) incase we got that big flush.  Seems like we're trying again if you look at the NYMO it's going to work itself into oversold conditions if this keeps up and that'll have to warrant a temporary bounce to work those conditions off.  Still waiting for that to really load up big on shorts

Guy on CNBC calling a EUR short here?

 

Hmm, feels a bit late to the party, this is closer to the support here.

So do we bounce off the lows now?

GSPG10YR:IND

6.05900 0.21600 3.70%

As of 10:23:00 ET on 05/09/2012.

So far /ES support holding...

I'm starting to see some selling right about now. I'll buy the dip again, lol.