Stock Market Today : May 21 - 25 - Page 21

I dont think buyers are fleeing in to buy this dip...

Bears growling at Gold, but the GDX just went green....86,000 total options trade in GDX so far, 57,000 are calls, interesting!

Is the eurozone summit today only or does it stretch out till tomorrow?  I tried to google it, but google failed me...................... or I fail at google

The owner of Hon Hai in Taiwan and in China that makes iPhones and iPads for Apple was just interviewed on the news tonight here in Taipei. He pretty much said that the economy in Europe is beyond Fuc*ed along with the economy in the US as well. He also said he expects the next 2 years to be pretty ugly and for things to get worse. Last but not least he said the problems have already started and will get worse. He discussed that Obama also suggested that manufacturing for Apple products o be moved to the US instead of China and Taiwan. His response was that it would not work out well due to costs (he forgot lawsuits and insurance lol..)

A few places he feels will do well are Myanmar and either Indonesia or Vietnam.

tough play with stronger dollar

now 22 month euro low made along with 89/bbl oil

Most likely will bring it down to $80 and if there is war in the middle-east then it skyrockets. They will bring prices down for 2 reasons now: 1) to help better economical growth in US 2) To be able to load up on crude oil and call options of higher oil prices in the event of a war in the middle-east in the event Israel strikes Iran in a pre-emptive strike.

well alot of it is dollar being up...gold of lately as well as oil

Market needs a reason for QE3. Could get awfully bloody before QE3 kicks in.

The red day is just based on Euro Bond fears and any good news will see a RYFOR.  I just want a retest of the lows so I can get out of my puts and VXX calls. Happier on the sidelines this week.

The bond meeting is in progress right now.. 

Euro at $1.2 pretty soon so Silver and Gold should see more losses short term.

Best to sit on sidelines for now with cash in hand. If we see a huge crash or correction then it would be good to play bounce with some SPY calls.

thats what i am looking for...have been expecting 1.20 euro 1200 gold and 22 silver at some point this year

buyer absorption/seller exhaustion volume?

will we see 1275 before we see 1350

 

though to call at least for me right now

paper buys 500 at 1304-1304.50 looked like ask was lower as that happened. Jammin' it.

ticks and hourly buyers auction have been looking great since about 12n

got in at 96.25 and snagged 5.25 points

poc at 02

The daily bar could close with a hammer today--that would a bullish sign and suggestive of that second 1330+ test

Yeah that spike up was triggered by Spain announcing bailout of one of their banks (€9 BB), or so it seems anyway.

It looks like that bulls are having a difficulty maintaining that hammer formation for the daily but a key for the bulls maintaining some measure of control of things could be maintaining the price today above the 1298 support level on the SPX

Can't wrap my head around why the Gold miners are ripping but i like it.just wish i could figure it out !!!!