Stock Market Today - Intraday discussion - Page 5241  

this is totally reminiscent of the last few weeks in december. i hope we're not in for another week of this crap. freakin' snooze fest.

Im thinking the flush is just too damn obvious, will they really keep dropping it into the debt ceiling announcement only to rally it higher from there?

 

 

I'm thinking market needs to get to 1250 or below to get our elected politicians to get moving on the debt ceiling. Much like how it took a market crash in 08 to scare them to sign a blank check to bail out the TBTF.

2,410,966,800 (Heavy) on the SPX and its close to breaking the middle BB .... AHHAAHAHA

Ameritrade is printing out stupid volume on SPX must be broke.

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Can you go a bit in depth as to what this means... specifically that we have such high volume?

 

It means Ameritrade's charts are broke somehow. I would not trust them today at all. In reality the volume is not even close to that. 

 

in GOOG and LNKD put spreads.

thinkorswim by TD Ameritrade showing /ES with a volume of 1,700,000

 

BAC trading @ $9.99 wow !!..I think around $9.75 this may be worth a small position..As you can see I have been working on my knife catching skills as of late..

 

banks just got slaughtered 

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Investors just took a steaming pile on them, even with their better than expected (read: falsified) earnings.

I think equities are priced for a strong recovery, and now we're seeing it'll probably be very slow or no recovery at all. Stocks are due for a correction, how large no one knows. I'm looking at 1250 on the S&P as the next stop

still looking for value. I think i found some in TOT AUG 50 puts that i'm about to sell. Gotta do a lil more research on em though

 

EDIT: they have a great balance sheet dividend and market cap. Going to go for it now

GOOG's accumulated gains since yest close look like the only significant factor in creating a divergence as indexes approach their session lows, Russ 2K printing lows, but Naz is about 7 pts off due to the earnings bump for GOOG. That said, it might not be enough for the epic stick save. Getting really interesting out there!

equities are waaaaaaaaaaaaaaaay over priced. no way we should even be in the 1300s imho. there is no damn recovery! anyone who thinks otherwise is a and a clueless tool. it is absolutely ridiculous how the markets are holding up here. as one person put it, this is clear manipulation at it's finest. makes me so gd sick. equities should be priced closer to 1000 or lower. and that's being generous. really we should be in the 900s or 800s with the way this  economy is going. 18k jobs and we're barely off the highs. i despise this manipulation. it is so obvious. >:(

Its too early to look for value IMO. Even in the 2008 financial crisis GOOG went down to 250, AAPL to 90.

 

When stuff hits the fan, people dump whole portfolios and get into bonds, they don't say dump everything trading over 10 PE.

there is still mountains of value in stocks like ADM and DLB as well as TOT and SMG i can go on but its to long. I would also make the case for banks if i wasn't so chicken

I am not sure if I should sell out before the weekend... I have never had to deal with holding over the weekend because I have no prior experience as TZA is my first trade. Recap, I've made $309.24 in profit if I sell at 34.33 and I bought in at 33.65.

 

This is my thinking process and strategies:

 

 

Why I Should Hold Into Weekend

• The likelihood of a debt ceiling resolution over the weekend is low, and as a result there will be nothing to cause a rally on Monday
• If the DJIA closes negative today, it will open negative on Monday too (very probable)
• If the DJIA opens negative on Monday, I will stand to make over a thousand dollars very quickly
• The previous Monday opened up negative over the weekend by a 150 pts drop

 

Why I Shouldn't Hold For Weekend

• If they agree on debt ceiling resolution over the weekend, there will be a huge rally and I will have lost my profits and possibly experience losses. I will have to go long into the week as a result or sell at a loss (which I am not willing to do lest it goes to my stop limit point)
• Earnings reports come out for AAPL on Tuesday but that should not cause a rally on Monday

 

Final Decision Influencer - What is the likelihood that they will pass a debt ceiling resolution over the weekend?

why not sell half?