Stock Market Today : May 21 - 25 - Page 29

 

   Oh no Itchi is bored... each word typed  not pasted...    watch out everyone....  

I'm sensing a rally into the close..A/D is becoming less negative and the TICK is skewing to the positive side.

it's that damn dollar holding the white man down

Hard to see a bounce when the big boys are all in the dirt. GOOG, AAPL, AMZN, etc. all trailing the indexes. Hope it turns around though.

Price pointing towards 1304.

hoping the 1308 long works.

That looks like bounce to me lmao, eh... boom head shot

Close above 1316 would keep the bounce alive.

 Holy Spike Batman...What's the latest rumor out there now ???

Talk about chop, it completely killed options premium.

I actually switched when things got completely nuts last summer, I didn't respond well with bigger equity positions in such volatile times. In retrospect, moving to futures might have been the right choice at that time, but I'm still not sure. I definitely like the known max loss potential with options. Granted proper stop management in futures eliminates those concerns, but I've always felt a bit uneasy with the structure of futures trading. Perhaps that is my own ignorance or misapplied learning. I admitted to Ichibomb many months ago I should get into futs one day. One hesitation I still have is those situations like today, I don't like to place the hard stops as stop loss orders, used to always get shaken out and I do better setting a range and going by instinct in the range - which leads to the occasional mental laps (Stubbornnes) but I'd rather bitch about me than stop hunters, it saves on tin foil (hat material). Also just trading day sessions is preferable for the family schedule, 4 yr old kid is in school during market hours, hand in glove.

In regards to the trade today, was long SPY 131 calls from 1.28, got the average down to 1.20 on that dip when the pivot acted like a champ, then saw AAPL 563.00 low, knew NQ had to weather the new low, and once it did, we caught our nice bounce. Adding to those calls was key, it was a 50-50 proposition, but my second buy moved about 35-37% in about 40 minutes, scaled out as SPY broke 132 in case it was a headfake, then the rest after that first spike topped out. Way too much realized risk (a touch worse than 1:1), but given the pivot and other fairly key levels holding in the face of DX 82.50 and bonds testing 147"20", I'll take the avg 18% gain.

Yeah they just told the Sumo wrestler to sit on IV, and he did it like a champ. That quick spike was just enough to get some chasers to reflate premiums enough for me.

Going to get our third flat close in a row, huh? Looks like they are just playing both sides from the middle, stealing from the bulls and bears like an Equal Opportunity Employer.

Consecutive rippers into the close... ahhh... reminds me of the halcyon days of the unlimited all you can eat QE buffet.

 

 

Hahahaha !!!   Remember to da moon !!! Who used to say that ????

ripped your face off rally??

 

looks like it happened, an awe inspiring 10-12 pts

Finally got something today! I was about to kill myself. 

dammit they moved whip day to thursday

I wonder why GOOG, AAPL, and some of the other big techs were left out in the cold.

Hmmm... transports held 8 day EMA on backtest, rejected by 20 day, so that's not overly bullish, but closing above the 8 EMA is good. IWM and SPY hugging 8 EMA on close. Set up for a nice bullish day tomorrow IMO, not enough bears in town before the holiday, give 'em something good to talk about over the weekend. Very tenuous session today, was not expecting such a struggle.

TF again creeping up on 768.4, Oct '11 high. I really want to see it take that out and use it as support before getting at all giddy to the long side.

Amazing pancake move by VIX, looks like about 6% reversal in the last half-hour plus today, that is a big, big move. Another thing to watch, if price is going to move up much in coming weeks, there is an amazing amount of free space for the dollar to move down. Impressive to see equities marked down as little as they are from 1420 considering the dollar's lofty heights.