Stock Market Today : May 14th - 18th - Page 25

/ES - same day, four days in a row

morning ramp, afternoon fade

Quote:

Originally Posted by rst 


A bounce before getting down to $525 - $530 is also possible as AAPL is quite oversold short term.
Have to wait and see what route it takes!

Maybe, because it's not having huge moves I don't think it'll bounce. But who knows. Volume still sustainable too, showing more downside tomorrow imo.

Quote:

Originally Posted by Frankenstein 

the SPX is likely to target 1324 today

I mentioned the target with the SPX at 1332 earlier today.

The SPX closed at 1324.80

Quote:

Originally Posted by o7media 

 

Maybe, because it's not having huge moves I don't think it'll bounce. But who knows. Volume still sustainable too, showing more downside tomorrow imo.

It just bounced off key support and has had huge volume expansion as we got closer to these levels. Doesn't all hit the ground at once..

Quote:

Originally Posted by Jamesw 

It just bounced off key support and has had huge volume expansion as we got closer to these levels. Doesn't all hit the ground at once..

Well I guess we'll see tomorrow.

I agree and if not then I have 522, 500

Vote in the AAPL poll

http://www.hotstockmarket.com/t/222195/will-aapl-hit-500-before-600

Quote:

Originally Posted by IchibomB 

I agree and if not then I have 522, 500

AAPL cannot sustain support so I agree with you. 500 would not surprise me and that would be a good entry.

this slow choppy melt downwards is killing me

my INTC 28/27 weekly straddle is looking better.....looks like all hell is about to break loose in the next 2 days...thursdays / fridays have been nice movers lately....let's keep it up

Futures rallying on Japan's better than expected GDP?

edit: well Japan opening down. Australia up 

Quote:

Originally Posted by rando 

VIX closed above upper bolly for 3rd day in a row. This happened twice last summer (it's pretty rare). The first time it happened was July 27-29, and VIX went from prior close of 20.23 to 25.25, almost exactly 25% gain. Then it happened again about a week later, August 4, 5, and 8. During that time, VIX went from prior close of 23.38 to 48.00, a gain of over 100% in three sessions. Will today's close be a harbinger of doom? If not, it should offer a pretty solid mean reversion trade, although given the relatively tame valuation of the VIX, your target is only going to be about 18.50-19.00, hard to play with VIX instruments. There should be some good bounce plays in the next two days, unless we are bound for a crash. Just for posterity, I'll post the SPY chart with a gray box under the two occurrences of three consecutive closes over VIX's upper bolly. What struck me is the chart looks quite similar to what we're looking at today. Draw your own conclusions (I don't have strong conviction for tomorrow, I'd have GLD calls or SPY puts if I had strong conviction one way or the other). The third day of the first gray box (July 29th) would be today, if we overlaid the charts.

Strange thing i took a position in $XIV at the close and it will probably blow up in my face tomorrow..futures up 60 ppoints right now but that means squat for 9:30AM Thursday

Quote:

Originally Posted by Davecash77 

 

 

Strange thing i took a position in $XIV at the close and it will probably blow up in my face tomorrow..futures up 60 ppoints right now but that means squat for 9:30AM Thursday

Exactly, I see so many people on my twitter feed (and I don't think they trade futures) going "it's up 20, now 40, now 60! down 20 - market is in trouble 2mrw!!".  We're so far away from the open we could have another greece lightning headline or big ben could use another QE3 magic trick nobody knows.  I don't even bother looking at the futures until I wake up around 5am because I don't even trade it no need to worry so early..

market rally tomorrow to welcome new member FB

 dumping before chart concept when your a investor- the point is to just give more pump on chart open, in turn reinvesting original investment