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Stock Market Intraday Chat: May 7 - May 11 - Page 34

post #661 of 806
5/10/12 at 5:27pm
This JPM news is a bomb because the us banking sector was "safe". Stronger than Europe now what? I believe this is going to stir up emotions of 2008..
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post #662 of 806
5/10/12 at 5:31pm

.

GLD : Down-gapped thru it's Uptrend Line ?......

.  

 big.chart?nosettings=1&symb=gld&uf=0&type=2&size=2&sid=3219852&style=320&freq=1&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=11&rand=1020648958&compidx=aaaaa%3a0&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1

 

On the same week that the Miners hit their 400 Support....

Anyone willing to suggest how they'll turn out ?

 

big.chart?nosettings=1&symb=hui&uf=0&type=2&size=2&sid=16794&style=320&freq=1&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=20&rand=493143967&compidx=aaaaa%3a0&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1

 

Me I suspect that the Miners will "poke below", say down to about 388......w

Whilst the GLD (gold price) also declines a bit further, like yeah ok down to it's 150 ($1500 gold price)

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post #663 of 806
5/10/12 at 5:33pm
Interesting volume on the $JPM May (Weekly) $41 Puts at 13,800 - dwarfing all other weekly strike calls/puts volume
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post #664 of 806
5/10/12 at 5:35pm

Hmm... What banks are in play now.???

GS - disliked, bad chart

MS - disliked, bad chart

ED: BAC -disliked, bad chart (forgot about it because it's so bad lol)

JPM - Now disliked, bad chart

 

 

WFC - Solid

USB - Solid

STI - Solid

COF - Solid

PNC - Solid

 

Market obviously gapping down tomorrow.. Surprise Surprise.. 

 

 

Not that the other banks are in play as in still longable, but they are not complete turds at least..


Edited by apples4oranges - 5/10/12 at 6:19pm
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post #665 of 806
5/10/12 at 5:35pm

http://www.forbes.com/sites/steveschaefer/2012/05/10/jpmorgan-dives-after-hours-on-word-of-surprise-800-million-investment-loss/

 

 

[ ...snipped ...]

 

Shares of JPMorgan, frequently held up as an example of a bank that withstood the bursting of the housing bubble and subsequent crisis better than most, plunged 6.9% to $37.94 in uncommonly high volume trading after hours. Analyst Mike Mayo called the bank “best in class” in a recent note, but still smacked the stock with a two-notch downgrade.

 

The firm was also hit by a cut to the ratings of its residential mortgage servicing unit from Standard & Poor’s after the bell Thursday. The action is not exactly the rating cuts Wall Street watchers have been waiting for, with Moody’s due to wrap up a review of its ratings on firms including Morgan Stanley and Bank of America in the near future.

 
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post #666 of 806
5/10/12 at 5:39pm

JPM lost 800 million?...that's chump change...they'll make it up charging their clients more money....same ole song and dance

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post #667 of 806
5/10/12 at 5:45pm
Looking to short BAC with this kind of news BAC could touch $7
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post #668 of 806
5/10/12 at 5:47pm
Looking at the daily chart of ES, this is the fifth time it's dropped into the 1340 area this week.

Previous four times, got strong bounces.

Bottom falls out this time?
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post #669 of 806
5/10/12 at 5:49pm
Quote:
Originally Posted by rst View Post

Looking at the daily chart of ES, this is the fifth time it's dropped into the 1340 area this week.
Previous four times, got strong bounces.
Bottom falls out this time?

Honestly I was expecting them to gap down futures, but not like this. I am not sure if this was known (JPM) or expected in anyway shape or form, but I would expect the chances now are a lot higher that we can crack the 1340 level despite all of these wicks. I honestly wouldn't like to see futures down too much going into tomorrow's open, but eh wte.. Annoying wicks these daily candles have instilled..

 

Just need bears to not give up and keep harassing support.

 

If everyone would only play the short side tomorrow  and next week only it probably would just be that much easier....

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post #670 of 806
5/10/12 at 5:51pm

http://ca.news.yahoo.com/3-big-chinese-banks-enter-us-banking-market-185200086.html

 

Look at this corrupt crap. I'm sure that China will just buy out JPM or BAC if things go in the tanker again, hell the Fed allowed this to happen! I guess this is all part of the new world order.

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post #671 of 806
5/10/12 at 5:52pm
Quote:
Originally Posted by Venom08 View Post

http://ca.news.yahoo.com/3-big-chinese-banks-enter-us-banking-market-185200086.html

 

Look at this corrupt crap. I'm sure that China will just buy out JPM or BAC if things go in the tanker again, hell the Fed allowed this to happen! I guess this is all part of the new world order.

Eh... Why is China trying to buy US banks?... Trying to be sneaky and get access to things that otherwise wouldn't be accessible imo..

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post #672 of 806
5/10/12 at 5:53pm

Who knows anymore.

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post #673 of 806
5/10/12 at 6:09pm
None of my after hours getting filled on BAC, lol. Man this is a serious blow here not that JPM can't make this up but they we're seen as the most stable bank. The news is damning..
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post #674 of 806
5/10/12 at 6:14pm
Quote:
Originally Posted by Jamesw View Post

Honestly I was expecting them to gap down futures, but not like this. I am not sure if this was known (JPM) or expected in anyway shape or form, but I would expect the chances now are a lot higher that we can crack the 1340 level despite all of these wicks. I honestly wouldn't like to see futures down too much going into tomorrow's open, but eh wte.. Annoying wicks these daily candles have instilled..

Just need bears to not give up and keep harassing support.

If everyone would only play the short side tomorrow  and next week only it probably would just be that much easier....


Don't know if it will happen or not, but a gap down in Futures with panic selling is necesary in forging a real bottom.
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post #675 of 806
5/10/12 at 6:15pm
Quote:
Originally Posted by Jamesw View Post

Hmm... What banks are in play now.???

GS - disliked, bad chart

MS - disliked, bad chart

ED: BAC -disliked, bad chart (forgot about it because it's so bad lol)

JPM - Now disliked, bad chart

 

 

WFC - Solid

USB - Solid

STI - Solid

 

Market obviously gapping down tomorrow.. Surprise Surprise.. 

 

 

Not that the other banks are in play as in still longable, but they are not complete turds at least..

 

COF and PNC....

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post #676 of 806
5/10/12 at 6:15pm

This does not bode well for the AAPL calls I have sitting here... suspicious.gif

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post #677 of 806
5/10/12 at 6:16pm
Quote:
Originally Posted by barbellman View Post

None of my after hours getting filled on BAC, lol. Man this is a serious blow here not that JPM can't make this up but they we're seen as the most stable bank. The news is damning..

Why aren't you getting filled?

Buying or Selling?

EDIT: Just saw your post on selling.
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post #678 of 806
5/10/12 at 6:17pm
Quote:
Originally Posted by StockJock-e View Post

This does not bode well for the AAPL calls I have sitting here... suspicious.gif


You and me both. mad.gif And I bought GOOG calls that didn't sell by about 20 cents so I'm holding them overnight.

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post #679 of 806
5/10/12 at 6:17pm

This market = roflcopter_large.png?100007

 

 

 

 

 

CNBC's opinion of the truth on this market's identity = 7fwn.jpg

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post #680 of 806
5/10/12 at 6:25pm
Quote:
Originally Posted by StockJock-e View Post

This does not bode well for the AAPL calls I have sitting here... suspicious.gif

 

Wish I could get my PCLN puts back from today. frown.gif

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