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Stock Market Today : May 21 - 25 - Page 35

post #681 of 725

I just bought a crapload of Jun SPY 133 puts.

post #682 of 725
Quote:
Originally Posted by Venom08 View Post

I just bought a crapload of Jun SPY 133 puts.

Good that you have ample time for it to work.

S&P sitting on support!
post #683 of 725
Quote:
Originally Posted by Venom08 View Post

I just bought a crapload of Jun SPY 133 puts.

 

Now we can finally rally! \o/

post #684 of 725
Quote:
Originally Posted by StockJock-e View Post

 

Now we can finally rally! \o/

Good, my AAPL and GOOG calls can creep out of the red...

post #685 of 725
Quote:
Originally Posted by StockJock-e View Post

Now we can finally rally! \o/

Maybe he'll get lucky, this time! biggrin.gif
post #686 of 725

All in cash I even sold the gold miner and that is still going up but i can't figure out why..rando you said it best this is maddening

post #687 of 725
Quote:
Originally Posted by Venom08 View Post

I just bought a crapload of Jun SPY 133 puts.

untitled.bmp

post #688 of 725
ES under a little pressure, it's make or break, hold or fold! suspicious.gif
post #689 of 725
Quote:
Originally Posted by rst View Post

200 day SMA still needs to be tested.

Yeah, good point. Was just coming back to post if I was required to put some of my capital in a position, I would probably put on some of next week's SPY 128 puts, they are going for .28 x .29 right here. We get a good gap down, you might have a bagger or at least a 50% gain on your hands. If they are cut in half, the pain is minimal. But my cash feels nicer.
post #690 of 725
SPY .00 low, playable if you are both bearish on the close today and into Tuesday's trade.
post #691 of 725
More likely than not, it's just a matter of time before S&P takes out recent lows around 1290.
post #692 of 725
I'm out at lunch but I think we move down to 1311-12 before bouncing. There was regression channel support there.
post #693 of 725
Right here is where I'd be putting on SPY puts, if I was going to make a trade today, which I'm not, tight range and squirrelly price action blows.
post #694 of 725

rando...love the avatar! One of my top 3 movies ever.

post #695 of 725
Quote:
Originally Posted by stoneranger View Post

rando...love the avatar! One of my top 3 movies ever.

I can't imagine what the other two are. If one of them is the original Double Indemnity (with Fred MacMurray and Barbara Stanwyck), then you sir have damn fine taste in movies. I suppose Fargo would work too.
post #696 of 725
For the record, SPY was 132.19 x 132.20 when I posted I would get in puts based on the market's downward trajectory, the existing price action, indicators, etc. That .00 extreme should only be used when going WITH the market, and if an equity, it also should be moving with the market. It was not a big enough bounce to make oodles of dough, but that .00 was vaporized nicely.

By my count, using this trick I've seen about 50 successes and 3-6 failures.


Possible bounce at MPR's level, I see ES falling trendline from 1411.xx high through 1326.xx high is c. 1309.50 at settlement today.
post #697 of 725
post #698 of 725
Quote:
Originally Posted by rando View Post

Lagarde to Greece at 3:00 PM or so... "F U"
http://www.guardian.co.uk/world/2012/may/25/payback-time-lagarde-greeks?newsfeed=true

 

Ouch, some harsh words in that interview. If I was Greek, I would be severely offended.

post #699 of 725

             ****************Warning************************

You may need to dig into your supply of household tin foil for this post. laughing.gif

However.

As many here know I have been keeping a log of the percent differences of the S&P, DX and comparing them by assigning a bull or bear tally for that day.
(more on this in my log.)

 

Currently bullish tallies have been making a comeback.

I think this is reflective of a positive nature the strong dollar indicates save safe haven intentions.

In other words a resilient stock market in the face of a stronger dollar is a good case for the mid-long term bulls.IMO.

 

You can see my spreadsheet here: https://docs.google.com/spreadsheet/ccc?key=0AjcECxXNIPcKdGJBV2pCdFdObms5OXBPR3dOb1ZfeVE

 

Current spreadsheet graph.

spxdxchart.png

 

 

Later I will update todays entry and superimpose on an S&P image.

Here was the last chart I did:

2009af52_spxdx.png

 

Quote:
Originally Posted by rando View Post

Quote:
Originally Posted by Davecash77 View Post


do you think by the close today we can get above 1326.50 on the S&P ??  If we do we will have put in a higer low and higher high which could lead to more upside next week

Make sure to check DX chart it has been making higher highs the whole time since we came off the < 1300 ES levels. Dollar has exhibited the most consistent trend (to da freakin' moon baby) over the last several weeks. Perhaps it is sending the clearest message of all. So, in light of that, if Dollar keeps making higher highs, how much faith do you have in ES posting prices over 1326.50 going into close? [ED: I mean... even if we close over that price, does it matter in the face of the dollar bull trend?] I'm always hoping to be able to trade the long side over the short side... however in asking this question to you I'm eroding some of my own typical bullish leanings.

 

Quote:
Originally Posted by Davecash77 View Post

Something to watch guys..Europe has had a big turn and now in the green as they get toward the close,,Same could happen here..

 

 

FTSE 100
 5,349 +1 -0.03%
 
CAC 40
 3,049 +11 +0.35%
 
DAX
 6,342 +26 +0.42%
 
FTSE MIB
1482176 13,191 +83
 
Has anyone noticed in the past couple of days we have had dollar strength and EURO weakness but our market has held up fairly well.???

EDIT: Also on a side note, I wonder about how much the FED gages a strong dollar, as I believe IMO the FED would rather have a weaker dollar.


Edited by Mark Vierra - 5/25/12 at 3:52pm
post #700 of 725
Quote:
Originally Posted by rando View Post

Lagarde to Greece at 3:00 PM or so... "F U"
http://www.guardian.co.uk/world/2012/may/25/payback-time-lagarde-greeks?newsfeed=true

 

Think the Germans have made it very clear for Greece once we get the elections out of the way mid june perhaps normal service will resume. Basically accept the terms of the debt deal or get out.

 

Any party pro-austerity will not be voted in so default by apathy and messy exit looks on the cards. World markets still held hostage.. and I'm in cash for the weekend

( just a bit less of it after this week.) suspicious.gif

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