Stock Market Today : May 21 - 25 - Page 35

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!

 

Now we can finally rally! \o/

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

Maybe he'll get lucky, this time!

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

ES under a little pressure, it's make or break, hold or fold!

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.

SPY .00 low, playable if you are both bearish on the close today and into Tuesday's trade.

More likely than not, it's just a matter of time before S&P takes out recent lows around 1290.

I'm out at lunch but I think we move down to 1311-12 before bouncing. There was regression channel support there.

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.

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.

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.

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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.

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.

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

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

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.

 

 

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

Here was the last chart I did:

 

 

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

 

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.)