Stock Market Intraday Chat: May 7 - May 11 - Page 23

Here's that chart charulz:

 

well im in aapl 580's @ 1.45.. just a handful

out @ 2.00.. i'll wait for the break out  before goign long again

What a sick reversal, two nice bounces near the 100 day, this sets us up for a strong move up, or if it tests 100 once more, it should fail and produce a big change in market mood moving forward.

 

I think we just made a transaction there bob!

I'm done for the day. Wouldn't be surprised if we saw as high at 1365. I just can't handle anymore of this.

Closed my SLV calls out for 15%, a sickening 15% at that. Saw chance to sell for that price once, then it fell off, briefly going red on me. Had I sold, I could have justified reloading and gotten 20% on the second trade. Meh. Once Silver started underperforming relative to gold, I just wanted a clean exit.

So we have exactly 20 handles on the day session, any further upside is gravy or icing whatever you prefer. Another algo-laced 5 min chart, first leg up hit just about the 61.8 fib extension of first hour range, then we briefly came back into first hour range (which was almost exactly 10 handles) then we hit 2x the first hour range, failing at the 61.8 retracement of yesterday's range. This day's intraday chart is like a Mozart masterpiece, when it comes to initial balance area, and fib retracements/extensions. Close over ES 1360 and we could even see a nice gap up tomorrow, or a traditional BTFD morning.

gap filled (SPY) from yest.

This was the s&p's agenda for today.

 

So you just caught what 85-90% of today's range?? El fuego.

 

Weather cleared up at 7 for a beautiful day!

Tradeable AAPL volatility instrument coming some day soon... talk about insanity. Other tickers too.

http://www.reuters.com/article/2012/05/09/cboe-apple-idUSL1E8G9COO20120509

Looks like a resistance here around 136.5. SPY is at 136.24.

 

I am thinking there will be a failed attempt before close to crack 136.5.

UVXY is at 14.84 at the moment, placed a bid to buy it at 14.51 which would happen if 136.5 is attempted again.

 

Anyone else get nervous when Itchi does this?   Perhaps its just me but he makes me want to exit all my trades and hide under the bed !

 

you know he knows something when he does this.....   question is what !

ha! nah, just lots of good stuff in here. 

Last couple of days, ES has closed well off the lows in the 1340 area.

Again or not?

duh, he just chucked a grenade under your bed!

SPY just pushed down through 38.2% retracement back to today's low. If ES cracks back into the first hour range, we could have one more big leg left today... this would of course be down. More likely is that the fireworks are over today, those were some wild moves. SOH

Was really hoping we rally today I'm itching to add to short positions it's too risky to be adding them down here.  I'm still believing big ben + PCLN earnings rally us into $137