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Stock Market Today : Aug 13th - 17th - Page 4

post #61 of 340

Just as I feared, futures are making new highs without our (at least my) involvement.

I'm looking at ES and biting my elbows wishing I could trade futures

post #62 of 340

Alot of buy imbalances today at the close on like INTEL GRPN and others..

post #63 of 340

/ES on fire AH

post #64 of 340

Here's some lines tongue.gif

 

SPY

 

700


Edited by Stock King - 8/14/12 at 12:17am
post #65 of 340

I guess everyone has a different definition of "on fire".  A few points doesn't qualify for me.

post #66 of 340
Quote:
Originally Posted by Rhythmdoctor View Post

I guess everyone has a different definition of "on fire".  A few points doesn't qualify for me.


lol me neither..neither does a break to new highs by 3 points in AH on lite volume really mean its concrete. Still reverted to below 1405

 

Wanted to say also with the Japan report yday with slower growth in 2nd quarter wouldn't surprise me to see the market take a breathe.

Might just be laggy on pricing that in since its options exp week..

post #67 of 340
Quote:

Originally Posted by Rhythmdoctor View Post
 

I guess everyone has a different definition of "on fire".  A few points doesn't qualify for me.

 

 

4 1/2 points in 15 minutes = fire 

post #68 of 340

go to sleep bro

post #69 of 340
Quote:
Originally Posted by Stock King View Post

 

 

4 1/2 points in 15 minutes = fire 


I guess it's only us thinking that brother.

 

BTW everyone be careful the numbers came out way too good.

post #70 of 340

umm GLD just fell hard pre market.

post #71 of 340
Quote:
Originally Posted by o7media View Post

umm GLD just fell hard pre market.


I'm going to sound stupid but what does that imply?

I don't bother with gold since I don't understand/know it.

post #72 of 340
Quote:
Originally Posted by ankhmor View Post


I'm going to sound stupid but what does that imply?

I don't bother with gold since I don't understand/know it.

It doesn't necessarily imply anything, but could be because if ECB is doing better it may need less money printing, which typically drives up gold. Gold speculators might get spooked by good economic data.

post #73 of 340

Feels like they are going to run stops back to 140.8

post #74 of 340

Here are the lines I'm watching at the moment.  I built myself a small program for modeling SPY but haven't used it with a real portfolio yet so I'm still in cash (in regards to SPY).  Right now we're right at the upper resist but not breaking it yet (or if) - so I'm waiting for that first.

 

Was personally really surprised we managed to grind higher without a pullback though - was hoping for an entry by now as I was out for the summer. :(



post #75 of 340

Financials & Banks out-perform early- $XLF, $KBE, $KRE, $JPM, $BAC: If the banks catch a bid here we could test the April 2 highs..

 
post #76 of 340

Good info By Steve Place about TVIX - UVXY

 

 

A Small Rant on Volatility ETPs

This is going to be my last comment for a while on this whole $TVIX debacle.

I don't get it.

I really don't.

I have so many traders that come to me and say "I am going to stay away from options because they confuse me."

But all of a sudden you have a bunch of volatility etfs that track a derivative of SPX options implied volatility and all of a sudden it's a good idea to trade-- or, FSM forbid, "invest."

Because now, it's just "a stock that goes up or down."

You may have never traded an option in your life, but by golly these etfs are awesome when the market crashes.

Because the top is just around the corner, right?

I'm going to make this crystal clear.

If you know:

  • how implied volatility in the market works
  • how the $VIX actually calculates the $SPX
  • what the $VXV is
  • how you CANNOT TRADE THE CASH VIX
  • what the difference between historical volatility and implied volatility is
  • how VIX futures are not based on the VIX
  • how $VXX does not actually track the VIX
  • why $VIX futures contango exists and can adversely affect the trade
  • how CS actually says that you can lose a crapton of money on long term holdings
  • that the market can sell off but the VIX won't move
  • how leveraged funds have a natural decay towards zero that can only be fixed by reverse splits
post #77 of 340

 Bought $BAC @ $7.77 looking for $8.25 ish

post #78 of 340

If people think that AAPL has been on a great run lately, they should look at GOOG. That thing is probably going to all time highs. It''s currently up $8 to $668 and that's on top of it rising $16 yesterday.

post #79 of 340

so let me get this straight..

 

good news is good news

bad news is good news

no news is good news

 

koolaid.gif

post #80 of 340
Quote:
Originally Posted by charulz View Post

so let me get this straight..

 

good news is good news

bad news is good news

no news is good news

 

koolaid.gif

When the market wants to rally, it rallies. When the market wants to tank, it tanks. News is just something to watch lol.

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