Stock Market Today : June 4th - 8th - Page 18

http://www.youtube.com/watch?v=S43zvtdJcxI&feature=results_main&playnext=1&list=PL70CD6EB8C9F6A90C

we need to trade like this

w00t silver looking sexy right now...

got anther 11 hrs before the trading window starts.. don't jinx it!!

Quote:

Originally Posted by charulz 

w00t silver looking sexy right now...

It pulled back when you said that. LOL

Amazing to compare that kind of trading on the floor to what we have now. I know someone who used to take orders on the floor at the TSX and got a chance to see it (after hours) before it closed. Hard to wrap my head around.

Quote:

Originally Posted by rando 

Scott Redler in T3 Live's Daily Recap today had a really good quote about the market after today's action: "I think this is a rally to be sold, but the question is 'from what level'?"

Easy answer. From the top of this rising wedge!

So basically, it's time to sell again when traders start getting overly bullish when we reach new highs. 

SPY holding that 200MA like a champ. Looking for a test of 131. 

Comon everyone Lets wake this Bull up

Quote:

Originally Posted by rando 

Topstep this morning (remember their bearish longer-term concerns from yesterday):

The S&P and Nasdaq futures are super oversold, and after taking out all the sell stops down to 1262 the SPM is now moving back up into the buy stops above 1290 and 1300. The way we see it is this is exactly what the S&P is supposed to do. We have resistance at the 1304 to 1306 and anything above that is where we want to start selling. As always, keep an eye on the 10-handle rule and please use stops. The downside selloff is on hold until they run some of the shorts out. …

http://www.mrtopstep.com/2012/06/goldman-abacus-and-the-new-world-order/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MTS-TOP+%28MrTopStep+%C2%BB+The+Opening+Print%29&utm_content=Yahoo!+Mail

Best part of the whole thing .

I beg to differ, we have resistance where ever big money wants us to have resistance 

Euro almost red here

ugh we hit 1300 premarket and have pulled back since... not sure if we missed the exit, but man this gap up kinda ruined everything.. i hope to see another test of that 1300 today

p.s. Silver WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

Quote:

Originally Posted by charulz 

SPX right around the 200ma which is currently at 1285.67... a break through and i think we'll see 1300 shortly thereafter

Quote:

Originally Posted by charulz 

i feel very good about being long here... especially commodities... banks (GS, JPM and C) are also good longs at these prices... USO and OXY are also 2 oil names i like here...

 

am i crazy? i dont think I've ever been this bullish. almost tempted to double down...

 

edit: wow i sound like i drank the kool-aid...

 

edit: i mean bullish short term.. i'd look to take profit at around 1305

Quote:

Originally Posted by charulz 

ugh we hit 1300 premarket and have pulled back since... not sure if we missed the exit, but man this gap up kinda ruined everything.. i hope to see another test of that 1300 today

 

p.s. Silver WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

 

 

I was thinking about picking up some SLV calls yesterday. Didn't pull the trigger though  

Whew, sold my GOOG calls for a 20% profit. Thank God it went up today. SLV and miners are doing well today, and SPY is at 130.07...

Looking at the weakness in the Yen..a good way to play maybe $SNE...

took off a bunch of slv.. now holding a smaller, mroe comfortable position

Nice little morning RYFOR to start the day
 

Liking the banks today.....still a ways to go though

yay 1300 here again