Stock Market Today - Intraday discussion - Page 5223  

Working from ES 1317, IMO the next five point move in either direction is likely to dictate the next 25 pt move (test low 1290s or low 1340s).

This is looking like an astoundingly pathetic outcome for the clearest words yet that QE3 in some form is most decidedly "on the table."

I guess Bernake the helicopter man dropping cash can just look when the market should keep downtrending and com in 30 minutes before the bell and drop comments about a UNTESTED way to stimulate the economy with nothing to back it up....

When then -1000 ticks started coming through, the bulls look like they just stepped aside.

 

Big -1317 tick here pushing us to test the morning lows.

Looks like more Quantitative Easing II and the fed buying up inflation and crap bond interest from banks mostly while the banks reinvest that into the stock market to get the bulls happy. Damn so much manipulation.

LMFAO at LNKD, what a hollow shell. 80% rally in about 3 weeks? Thing is, it does not yet feel quite safe to get in Aug or Sep puts.

SPY looking to print a "prison raping" daily candle.

Whoa, really getting bearish here now, big negative ticks keep hitting the tape, it looks like the market is selling off ahead of tomorrows numbers.

*roar* dont count them out yet..

 

im holding puts into tomorrow.. which i hate this so close to exp.

1315-1317 on the S&P is the support level from the yesterday, if we are going to bounce, it should be here.

August 100 strike at 9.90 a contract are average but the chart shows little sign of stopping as of now. To risky to trade the IPO just came out watch for a nice bear candle before you buy puts IMHO.

AHAHAH Just out  U.S. runs $43 billion deficit in June

 

The government spent $293 billion in June and took in $250 billion, according to Treasury's monthly budget statement.

 

 

Man is this ugly.

 

well Greece and Ireland are now junk status..  Ireland has a new friend...

foreshock to whats coming..

Best thing to do is sell into E3 and sell into this Bernanke rally today. We have some important moving averages to crack tomorrow on important minute, daily and monthly charts.

Tomorrow it opens in red, bear shorts for the win. Before QE3 goes live (if and when it does) we need to bleed a little bit to get the heart pumping and the adrenaline flowing. I held on through the day on my TZAs even after hitting a low of 32.13.

 

Very valuable lesson learned to myself as a novice investor; stick with your logic and never second guess yourself (and have stop limits and exit strategies as well as strategies for every possible scenario worked out ahead of time).

 

Also, those helicopter Bernanke action figures are made in China most likely but the punch line was absolutely hilarious.

All the support levels on my screen got taken out on this weak tape

BORSON big time today. Russ 2K still not on day session low (on TF chart) if it hits a low we may have another waterfall on the charts.

fading that rally was easy, question now is whats next? I'm guessing gap down tomorrow and then a bounce.

Quote:

 

Sustained drops up to and including next Monday. This is already two days in a row when the DOW jumped up big and then fell flat on its face by market end. If thats not proof enough that there is not enough confidence in the current market position, even amidst promises to screw over the American citizen with more QE3 spending, then I don't really know what is.