Stock Market Today : May 14th - 18th - Page 45

Enough has been done to the downside to qualify for good intra-day pop!

Let's see if that happens!

 

 

I.S  Asia got hammered last night so i think you may be right but we do have options X today but after 2:00pm anything can happen.I doubt if a lot of traders want to hold big positions over the weekend..

 

 

I would love to see the girl in your avatar and the girl in my avatar hook up..What do you think ??? LOL

$ZNGA halted,

Looks like FB headed back to 43
 

been almost an hour for ZNGA.

Interesting day in VIX land today, vix is down, front month futures are up, and while TVIX and UVXY appear to have traded below IV yesterday, they are both up twice their IV gains today. Seems to be pricing in more volatility in coming weeks, which sounds good to me.

The volume today is pretty good as a follow up to yesterday. Still thinking we need to test SPY 130, the overnight low in ES, and possibly S1 today a few pts lower... but market is stabilizing nicely here. FB could indeed be saving the market ... from a much worse fate.

Hmm found this on a &&ap website.

 

 

This is bearish...  time to get long

Whoah... SPY well over 170 MM today... damn, that is big. If volume is this robust across the board, We might have just put in the "FB BATShit crazy low." If we close in upper third of today's range, Monday could be super-exciting.

Bounce may be in progress, resistance about 1315 - 1318 Cash S&P.

Just needs to get back above 1310 to get the ball rollling.

AAPL holding up for now.



Just looking for a good intra-day bounce.
Edited by rst - 5/18/12 at 12:41pm

And the Facebook lawsuits begin...That didn't take long !!!

 

http://www.latimes.com/business/technology/la-fi-tn-facebook-sued-15-billion-20120518,0,5563529.story?track=rss&utm_source=dlvr.it&utm_medium=twitter&dlvrit=104530

 

 

Great Chart by Brian Shannon

 

ZNGA halted for the second time.. just unbelievable lol.

 

Still holding this

ES 5 min day session has a tweezer top at the HOD and a tweezer bottom at the LOD... nice balance.

IMO FB > 43 = run to 50+ today. Currently undergoing important demand tests... so far, so good.

ES > 1311 = 1316 in short order. Important tests at IB high 1308.75 and pivot 1310.75. Those are good levels to play short term shorts against.

AAPL double top today? Who cares.

Gotta whipsaw traders, way the markets work.

Man this FB ipo  has seriously crashed my entire computer system.  

We have the ingredients for a market rally here who knows if it happens though.  Dollar coming down big time and bonds selling

 

 

Tight range on $FB Here on the 1 minute

 

Not much of a bounce, so far.

As has been the norm since dropping below 1340.

CNBC was just talking about GSVC, they specialize in tech IPO's. 7% of their portfolio is currently in FB, they also own ZNGA and GRPN....

 

GSVC's stock is down 15.5% today due to all the weakness in these tech's....

Man look at FB 1 min, obvious buy programs, looks like they are probably trying to hold it well above 40 to guarantee it closes green.