Stock Market Today : June 11th - 15th - Page 18

Quote:

Originally Posted by o7media 

 

We're here on GLD now. High of 156.38 so far this morning.

 

I was considering buying calls around 155.70 this morning but didn't want to chase. Oh well, I may short if it reaches high 156's.

GLD now testing 157. I missed a nice run on that since Friday, got scared and exited too early 

I'm not going to short it right now. Waiting to see how this resistance holds.

I'm not trusting this rally either, looking for a short entry

my gut is telling me to short too but that volume on the bounce this morning was really high

Quote:

Originally Posted by StockJock-e 

A couple of good +1000 ticks, but Im not trusting this little relief rally so far.

 

Whats on the geopolitical agenda tomorrow? I remember Wednesday supposedly being an important date.

Could not find anything geopolitical but a decent amount of economic reports due out...This weekend will be huge with Greece elections.

Tomorrows economic report

Lol, what a market this has been for daytrading.  Hold some shorts after huge engulfing day yesterday and POW! walk into today.

I'm still holding $AAPL & $MA short.  Small positions give me some breathing room but I agree with you Evergreen I feel this is just a rally to be sold into.

Cant short the bottom of these moves and can't buy long into the top of these rips.  

Other than scalping off of key levels for day trades i see no possible swing trades due to the chop...

Would anyone here consider $PCX at double bottom @ $1.37 put up a 3 week 60min chart amd look at the volume on 05/22/12 30 million shares and it has pulled back on lighter volume.. I can't determine if that volume spike was due to a rumor or what and i know coal is not exactly a thriving business...

Quote:

Originally Posted by Davecash77 

Other than scalping off of key levels for day trades i see no possible swing trades due to the chop...

Lol, yep, I agree.

I took $MA overnight and missed $410 was tied up this morning.  Tough to swing anything at all even after big down day yesterday.

I don't want to say it because everyone is repeating it all the time but, "Sell the rips, buy the dips" for now..

Quote:

Originally Posted by rmejia 

1314 first ES target from Fibs

Fib Magic:

I see bearish engulfing candle from yesterday on the IWM and the H&S starting to form there too.  I have buy orders in place for tza if we have another huge rip to the upside and hit the area of being up ~1.5% this afternoon.  Also watching oil for some puts on USO if it gets back into the mid 85s range I think there is going to be alot more downside there.

i really hope we can hold these levels... and maybe get a shot at 1320, where i would like to exit my longs.. wishful thinking perhaps

Quote:

Originally Posted by StockJock-e 

Im going to go Costanza here and take ES 1309.50 short.

 

If my first impulse was to go long, it was probably the wrong one.

Argh, missed that short, so SOH for now too. I have learned to be much more patient and it is paying off. if we attempt to break highs i think we will.

Quote:

Originally Posted by o7media 

 

I'm in CAT 85x June puts now at 1.39. Looking weak here with room down to 83 - 83.30 today.

Cut losses on my CAT puts at 1.05. That market rally did not help me!

Looks like decent bullish consolidation on ther $SPY maybe a good entry for a long scalp...