Stock Market Today : May 14th - 18th - Page 33

 

 

Mind = Blown!!!

T3 live mid day update vid

http://www.t3live.com/articles/market-analysis/3035-dont-try-to-catch-a-falling-knife.html

ED: ugh, I give that video a C+ at best, out of date and trite.

One possibility.

If we can't get a good bounce from here, Bear Market could be in force!

 

I think we hit bottom and we'll end up around 1319. Just an uneducated guess based on what I know about the Mini Dow. I'm always learning something new also. 

 

Whats interesting is that we bounced right off the S2 pivot point for the day. Just food for thought... someone`s watching this level or could be coincidence (unlikely).

 

Anyone trying to play anything off $FB? I picked up some ZNGA earlier today wondering if there's any other names they have in mind that could catch a nice pop?

Once Cash S&P broke through the 1340 level, we entered nose dive mode.

If we don't pull out soon, 1300 - 1280 is not far fetched.

Microsoft, they own a sizable chunk of FB right now.

 

*edit* not playing it, I was looking into it though

Saw on Twitter feed that Merrill Lynch has way more FB than they thought, scrambling to place all the shares. So does that mean they got more than they wanted, and they don't want to be left with any? Kinda sounds like it.

Haven't seen that setup in the last 5 days 

Fitch already downgraded Greece to CCC today, next up those 21 smelly Spanish banks. Who is getting or staying long ahead of this? /rhetorical

Been strong since the beginning of the month, and appears to be picking up steam!

Keep a close eye EOD!

Either a bounce or Longs get trounced!

ES also teetering on breaking a little wedge on 15 min, and as I type *boom* there it goes. ES has a fair chance to set yearly high for daily volume I think 2.73 MM is what we need, 2.8-3.1 MM from two days in Mid Dec if we get that mega dope flush... almost no chance of that much volume from here til 415 but you never know. Breaking the figure alone could unleash a few hundred K lots... that's a lot of lots.

If you watch TRIN at all, it has been absurdly bullish relative to today's price action and other internals... it is flashing big bearish warning signs right now.

I think Ben should post QE3 news on Facebook tomorrow to show his love for the market.

Been patient on $V short adding more and more on $117 level the past few days it broke key support at $116 level.  Look out below for this gap fill to $108.

 

It's over johnny.