Stock Market Today : May 14th - 18th - Page 38

We've got potential for a big day, but at this point market is guilty til proven innocent. Major level is the need to clear the pivot at 1310.75, right around where things fell apart late in the afternoon. Not much volume up through 1316 then it gets a bit tougher up to R1 at 1321.25. Overnight bounce was a few handles above S1. Seeing R1 and S1 a full 30 handles apart makes me smile.

Man the Aussie has been chucked in the sewer the last two weeks, went into the .97 handle overnight.

Looking forward to watching the FB 1 min chart suffer epileptic seizures during mid day.

 

Hahahah .... it will be like an AH earnings report x 100

when does FB come out? 10:00 ET?

I can't wait to watch, if we thought the forum was bad with new traders with apple, i can't imagine come 930am when they are asking why they can't buy, and then if they get trapped, holy cow will this forum blow up with folks showing what they know lol!

 

Looking forward to nowwhat's daily chart on FB come 4pm today with 1 bar hahaha!
 

Damn I just loaded my stuff up, SPY hit 130.00 pre market? 

 

A legion of Nate01's .... should be fun.

So is today going to be family day with moms, sisters, brother in laws, maybe even some grandmothers coming out to buy some of that Facebook stock all the media is talking about? Seems like a sure bet, I mean it's Facebook, everybody uses that, what could go wrong.

 

so true, go read the last page of the FB thread, you may see a name like Nate01 looking at FB now haha

fml..my body needs to sleep but i can't sleep on some cray stuff that's about to happen

 

Myspace could re emerge under Justin Timberlake and be the top dog again.....

 

 

 

 

 

 

 

 

If Facebook's IPO manages to bring up all the tech stocks (at least GOOG and AAPL) I will switch to the new Timeline setting.

Yeah, looks like one of those bad ticks. But it seems that fairly often, prices go to those levels (ED: on the same day) when we see a semi-realistic bad print (ES 1293.50 overnight translates well to around SPY 130.00). But the irony of such a round number should not be lost on us.

Markets giving up that early gap up.

 

I'm in LVS puts. Still downside to $46.50 here IMO.

.00 lows in GOOG and AAPL (ED: AAPL gone already)

Some Gold stocks may be a buy here for a short term bounce...Anyone have any favorites ??? 

CASH S&P will probably at least test the 1300 area, with resistance around 1315 - 1318.

AAPL already tested some support below 530.