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Stock Market Today : May 14th - 18th - Page 17

post #321 of 1030
5/16/12 at 2:39am
Quote:
Originally Posted by IchibomB View Post

no stop crew checking in

Is that me lol?

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post #322 of 1030
5/16/12 at 3:55am

Daytrading ruined my life! laughing.gif

 

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post #323 of 1030
5/16/12 at 4:45am
Quote:
Originally Posted by mpr View Post

 

Those levels are nothing special, just fib levels I have. 

The next levels of support are 1326, and 1316.

The more I check into that 1321 the more I can't pull why I have it on my chart. It's a price level I've drawn out at some point, but unsure when or why I added that. So it's importance is questionable. 

 

Like your buddy, I believe it was a flush from longer fractal money off of long term resistance. I too, am expecting it to not last much longer. That's why I'm looking for 1 of the 2 levels I pointed out being support or the swing low of this flush. Also, like I pointed out many times before, I've been expecting a 100 point flush off the recent highs, and then a push right back up to test those highs, maybe break slighlty higher and come back down again. I believe this wide range of chop has just started. 

 

But like always, the goal in the end is to always trade what I see and not what I feel. The next largest level of support is just above 1300. They can take the price there into the largest support of buyers no problem.

 

Just my personal reasoning says otherwise...

 

Broke down through 1333, bounced at 1326, and bounced off 1321. This bounce off 1321 looks promising.

Officially just 2 points off that 100 point pullback. Guess that 1321 importance question has been answered.

 

mottoyo.jpg

 

booyah.gif

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post #324 of 1030
5/16/12 at 6:01am

Held some shorts from yesterday and I'm going to change my position here.  I think we're gearing towards that flush even though I was feeling like we would bounce soon because we were starting to enter that oversold area.  We need to flush, and get this over with already to start out a bottoming process.  Going to look to the big beta names again today and short them

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post #325 of 1030
5/16/12 at 8:16am
GC just 1.70 away from a clean touch of 1525, looks suspiciously like a bounce is underway in numerous sectors. Now they are ripping indexes back up, and of course doing it during the overnight session. 15 handles of bounce now. Bonds down nearly a full point from their high. Just look at the gold daily, if this bounce gets serious, there's still a good 70 dollars of headroom before serious issues show up.
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post #326 of 1030
5/16/12 at 8:53am

Europe had a nice bounce overnight off their lows. Sucks because I'm still in PCLN puts laughing.gif

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post #327 of 1030
5/16/12 at 9:44am
Quote:
Originally Posted by o7media View Post

EXPE looking very strong for a push back to 52 week highs.

 

Quote:
Originally Posted by o7media View Post

 

Really strong today..heading for $42's.

 

EXPE up again, almost at $43. Calls more than doubled. Not in it mad.gif

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post #328 of 1030
5/16/12 at 9:50am

I jumped in some more AAPL puts. You guys might wanna buy those calls now....

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post #329 of 1030
5/16/12 at 9:52am
Quote:
Originally Posted by Venom08 View Post

I jumped in some more AAPL puts. You guys might wanna buy those calls now....

 

So if the stock surges we should send you a cut?

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post #330 of 1030
5/16/12 at 9:53am

GOOG just in beast mode here

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post #331 of 1030
5/16/12 at 9:54am
CASH S&P getting oversold bounce back up to previous support in the 1340 area.

See how far it goes.suspicious.gif
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post #332 of 1030
5/16/12 at 9:55am
Quote:
Originally Posted by kylestt View Post

GOOG just in beast mode here


The calls I had yesterday were $3.80 yesterday and I sold at near break-even at $9.00 Now they're $16. frown.gif

Edit: $18

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post #333 of 1030
5/16/12 at 9:56am
Quote:
Originally Posted by webChris View Post

 

So if the stock surges we should send you a cut?


Yes. If you'd like me to take a huge loss on my shares, I can sell now and you'll see AAPL hit $600 by Friday.

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post #334 of 1030
5/16/12 at 10:03am

Wow sold some GOOG calls this morning for a nice profit but they just keep climbing. Damn missed profits!

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post #335 of 1030
5/16/12 at 10:04am
AAPL, lethargic.
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post #336 of 1030
5/16/12 at 10:07am

I need some trading ideas.... GOOG puts?? No, don't fight it...

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post #337 of 1030
5/16/12 at 10:11am
Quote:
Originally Posted by Venom08 View Post

I need some trading ideas.... GOOG puts?? No, don't fight it...

 

If I had the cash I'd be selling GOOG calls on all these big jumps and buy it back mid to late day when it falls. I'm bullish GOOG but see tons of opportunity to ride the waves.

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post #338 of 1030
5/16/12 at 10:11am
Thread Starter 

1340 resistance again on the ES.. this is the area I wanted to see broken for a rally, same for today.

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post #339 of 1030
5/16/12 at 10:14am
Thread Starter 
Quote:
Originally Posted by Venom08 View Post

I need some trading ideas.... GOOG puts?? No, don't fight it...


GOOG calls bro!

 

I think we have people buying GOOG ahead of the bloated FB ipo because everybody will be comparing the two.

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post #340 of 1030
5/16/12 at 10:15am

google the new apple except less pumpy

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