HotStockMarket › Forums › HSM Stock Forum › Stock Market Today › Stock Market Today : June 18th - 22nd
New Posts  All Forums:Forum Nav:

Stock Market Today : June 18th - 22nd - Page 9

post #161 of 617

so msft is supposed to come out with a new tablet today? sounds like a sell the news event... market saturation

post #162 of 617
Quote:
Originally Posted by tones View Post

guys.. just made 50% gain on aapl.. won't be here anymore.. gonna open up my own hedge fund and manage my family and friend's money 

 

GLTA

I can see the propsectus now.....

 

I only trade Apple and  Apple only, so shut the f up and send me your money asap...

 

Thanks in advance,

 

Tones

post #163 of 617

did anyone notice all the divergences today? 

 

the euro (/6e) was down -.48% but spx closed green.. those two usually correlate with each other pretty well.

 

GLD/GDX/SLV precious metals all ended green even though the dollar (/dx) seemed bullish today. those two seemed to correlate negatively with each other.

 

also there were flash crashes in SLV & GLD charts towards the end of the trading day.. idk if that may be of interest to some.

 

today kind of seemed off.. 

post #164 of 617
Quote:
Originally Posted by tones View Post

did anyone notice all the divergences today? 

 

the euro (/6e) was down -.48% but spx closed green.. those two usually correlate with each other pretty well.

 

GLD/GDX/SLV precious metals all ended green even though the dollar (/dx) seemed bullish today. those two seemed to correlate negatively with each other.

 

also there were flash crashes in SLV & GLD charts towards the end of the trading day.. idk if that may be of interest to some.

 

today kind of seemed off.. 

 

 

 

Plus the $VIX was down 13%...

post #165 of 617

actually that correlation has been broken for awhile now..

Quote:
Originally Posted by tones View Post

 

the euro (/6e) was down -.48% but spx closed green.. those two usually correlate with each other pretty well.

 

 
post #166 of 617

vix closed below the lower bolly.. most of the time when this happens we see a bounce the next day on the vix.

Quote:
Originally Posted by Davecash77 View Post

 

 

 

Plus the $VIX was down 13%...

post #167 of 617

hmm 1st time i'm noticing it..

 

Quote:
Originally Posted by mjoke View Post

actually that correlation has been broken for awhile now..

 

guess i'm gonna try to soh until wednesday to see if a clearer picture can be painted by the feds to where this market could be headed.. unless vix continues to decline then option prices may be cheap enough to take a small gamble on the action

post #168 of 617
Quote:
Originally Posted by charulz View Post

vix closed below the lower bolly.. most of the time when this happens we see a bounce the next day on the vix.

VIX was down huge, no doubt. I believe more than half of the drop can be attributed to the unwinding of priced in fear of a troublesome election result. That really isn't a ver bold claim either. This being the case (if you bu that idea) I would be careful blindly longing VIX based on the bolly rule. I am a huge fan of this rule, but recently the VIX closed above the upper bolly I believe it was FIVE days in a row. Maybe that was the heat of the process of pricing the Greek fear in to the VIX.

As for other weird asset sessions, miners had been so beaten down it doesn't surprise me to see them continue their rally... GDX is atop my long watch lit right now, more so than GLD. And with currencies, if ECB cranks the press, Euro goes down... And dollar should go up. This should occur independent of stocks' direction, at least for the most part.

Overall, a good day for bulls IMO. Stage is set for multiple breakouts in indexes... Transports closing well was a big plus.
post #169 of 617
Looks like the same song & dance.
Thursday should bring some movement.
Perfect for me to get in wed.
post #170 of 617
Quote:
Originally Posted by tones View Post

hmm 1st time i'm noticing it..

Look at S&P and Dollar chart side-by-side... from late Nov through mid-Jan dollar and equities were both very bullish. Then, as stocks continued their up move well into March, the dollar was bouncing around in the 78-81 range. Surprised none of that caught your attention... especially the first part.

I am growing more and more fond of the notion that the dollar has been benefiting from a perception that it is the least pathetic of many of the major currencies these days. Also I'm open to the idea that people are more willing (er... "less unwilling") to hold long dollars so long as Bernanke doesn't utter really concrete QE chatter. But if he ever does, and this notion is at all accurate, watch for a massive dollar flush.
post #171 of 617
Pretend for a moment you are in Europe in 2009-2011. You see US cranking up the printing press... it has a major stimulative effect on your currency, as well as your equities, as they have been following US equities for a while now.

Pretend for a moment you are in The USA in 2012. You see Europe cranking up the printing press... it has a major stimulative effect on your currency, as well as your equities, as they have been following European equities for a while now.

This might come to pass... ? Did it start with the dollar today?
post #172 of 617

laughing.gif prob. didn't notice b/c i didn't monitor things like currencies, treasuries, and precious metals back then. only got into it recently prob. like a month back when the may chop arrived and i became interested in understanding the root causes of moves.

 

& yeah i agree dollar is the safety currency right now.

 

thx for pointing it out... still trying to make some sort of sense of all this mess lol

Quote:
Originally Posted by rando View Post


Look at S&P and Dollar chart side-by-side... from late Nov through mid-Jan dollar and equities were both very bullish. Then, as stocks continued their up move well into March, the dollar was bouncing around in the 78-81 range. Surprised none of that caught your attention... especially the first part.
I am growing more and more fond of the notion that the dollar has been benefiting from a perception that it is the least pathetic of many of the major currencies these days. Also I'm open to the idea that people are more willing (er... "less unwilling") to hold long dollars so long as Bernanke doesn't utter really concrete QE chatter. But if he ever does, and this notion is at all accurate, watch for a massive dollar flush.
post #173 of 617
Quote:
Originally Posted by tones View Post


also there were flash crashes in SLV & GLD charts towards the end of the trading day.. idk if that may be of interest to some.

Where is this supposed flash crash? I don't see a 1 min bar bigger than 1-2 bucks in gold futures chart. When gold hits stops, it moves that much easily in a few ticks i.e. well under a minute. Those look like bad ticks(only checked GLD), not crashes.
post #174 of 617

eh.. yeah they're prob. just bad ticks. just was interesting GLD went down to 157 from 157.83 and SLV down to 27 from 27.85

Quote:
Originally Posted by rando View Post


Where is this supposed flash crash? I don't see a 1 min bar bigger than 1-2 bucks in gold futures chart. When gold hits stops, it moves that much easily in a few ticks i.e. well under a minute. Those look like bad ticks(only checked GLD), not crashes.
post #175 of 617
Quote:
Originally Posted by rando View Post


Where is this supposed flash crash? I don't see a 1 min bar bigger than 1-2 bucks in gold futures chart. When gold hits stops, it moves that much easily in a few ticks i.e. well under a minute. Those look like bad ticks(only checked GLD), not crashes.

 

I think this is the candle .... it's a 157.00 print.

 

3ebjd.png

post #176 of 617
Quote:
Originally Posted by rando View Post


VIX was down huge, no doubt. I believe more than half of the drop can be attributed to the unwinding of priced in fear of a troublesome election result. That really isn't a ver bold claim either. This being the case (if you bu that idea) I would be careful blindly longing VIX based on the bolly rule. I am a huge fan of this rule, but recently the VIX closed above the upper bolly I believe it was FIVE days in a row. Maybe that was the heat of the process of pricing the Greek fear in to the VIX.
As for other weird asset sessions, miners had been so beaten down it doesn't surprise me to see them continue their rally... GDX is atop my long watch lit right now, more so than GLD. And with currencies, if ECB cranks the press, Euro goes down... And dollar should go up. This should occur independent of stocks' direction, at least for the most part.
Overall, a good day for bulls IMO. Stage is set for multiple breakouts in indexes... Transports closing well was a big plus.

 

 

Great point rando, i totally forgot about opex and that had to impact the movement...Charulz mentioned it touching the lower BB and i also have seen  stocks or equities ride the BB for 5 to as much as 7 days in a row when a patten is locked in. The slow stochastic is not there yet and is not imbeded not saying that tomorrow or Wednesday it could not get there it appears to be oversold and could bounce,,Ira Epstien talks about the embeded stochastic and how it can lock in a trend as to where stocks can ride the BB for an extended period..Great videos if anyone wants to check him out..

post #177 of 617
Quote:
Originally Posted by Rock Sexton View Post

I think this is the candle .... it's a 157.00 print.

Yeah, but like I said, it looks like a bad print. There was a bad print in SPY a few Weeks ago, about $3 over market price during RTH... It didn't turn heads. I don't think this one should either.
post #178 of 617

Not much reaction, afaict.

 

Housing Starts in U.S. Fall 4.8% in May on Apartments

 

Builders in the U.S. broke ground on fewer homes than forecast in May as a slump in the construction of apartments swamped a pickup in single-family houses.

Starts dropped 4.8 percent to a 708,000 annual pace from a revised 744,000 rate in the prior month that was the highest since October 2008, the Commerce Department reported today in Washington. The median forecast of 77 economists surveyed by Bloomberg News called for a 722,000 pace.

post #179 of 617

WAG (wal-greens) selling off hard pre-market

post #180 of 617
Quote:
Originally Posted by tones View Post

WAG (wal-greens) selling off hard pre-market

 

Damn, it was up earlier on the news too.

New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Stock Market Today
HotStockMarket › Forums › HSM Stock Forum › Stock Market Today › Stock Market Today : June 18th - 22nd