Let's see if that happens!
Stock Market Today : May 14th - 18th - Page 45
I think we are going to see another big drop from here because the dumping that took place in Asia was pretty much all from overseas funds selling. The drop we saw today in Taiwan would have been double had the government intervention fund not intervened to minimize the bloodbath. Not a good sign.
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
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.
And the Facebook lawsuits begin...That didn't take long !!!
Great Chart by Brian Shannon
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.