Stock Market Today - Intraday discussion - Page 5341  

I think GOOG is about to catch a bid, got in some GOOG Aug 605 Calls rather early, but there is a lot of resistance which will be eaten away like candy.

GOOG actually gaining ground on this drop off... that divergence should be a buy signal moving forward on any kind of move back up.

Google looses alot of volume at lunch rather annoying until you see the volume pickup.

What is your target rst on GOOG?
 

Quote:

Originally Posted by rst 



Right, we're still in a very strong downtrend. But playing GOOG for a bounce until it's time to short S&P again.

Dow longest losing streak in 3 years. We have to take into account that the NASDAQ is the only thing holding this up. The fundamentals are finally taking par to technicals. 

HAHA nice fact. The all-time record for number of days in a row in which the Dow fell appears to be 14 -- a streak that ended on Aug. 13, 1941, as the rumblings of World War II were reverberating through Wall Street. Just watch the VIX its not looking to bearish at all. Nothing like the spike in March and we are near those lows on the charts. I am watching calls as we speak waiting to get in for a small bounce. 

When there is blood in the water
 

Quote:

Originally Posted by wisconsinstock1 

Dow longest losing streak in 3 years. We have to take into account that the NASDAQ is the only thing holding this up. The fundamentals are finally taking par to technicals. 

Bulls still have hope as long as we the mom and pops have not gotten spooked. The institutions will be back, they can't stay in cash.

Pretty sure Old Farts Magic 8 Ball says bounce day tomorrow... so if GOOG and AAPL can hold this strength until then... it should see some good gains!

my shorts are rocking...  that 1250 is now resistance.. were going lower also all in due time.. 1227-1230

GL.

Anyone bought call for MA?

Little list of compiled news for everyone based on facts dug up. 

• The all-time record for number of days in a row in which the Dow fell appears to be 14 -- a streak that ended on Aug. 13, 1941, as the rumblings of World War II were reverberating through Wall Street.

•  The ISM services index hit a 17-month low in July.
• The ISM manufacturing index hit a two-year low in July. 
• The Markit euro-zone services PMI index hit a 22-month low in July.
• The J.P. Morgan global manufacturing PMI index hit a two-year low in July, with Brazil's index the worst since May 2009 and China's the worst since March 2009.
•  Announced U.S. job cuts rose to a 16-month high in July. 
• U.S. personal income in June rose at the smallest rate since November. 
• U.S. consumer spending in June fell for the first time since September 2009.
• The U.S. economy had the worst six-month period since the recession ended. 
• The drop in GDP during the recession from the fourth quarter of 2007 to the second quarter of 2009 was 5.1%, worse than initially projected. That marks the deepest recession since World War II. 
• The University of Michigan/Thomson Reuters index of consumer sentiment fell to the lowest since March 2009. 
• Retail sales excluding autos, gasoline stations and building materials had the smallest gain in June in 11 months.
•  Sales of existing homes in June slipped to a seven-month low.
• June nonfarm payrolls growth was the slowest in nine months. The unemployment rate of 9.2% was the highest of 2011. The labor participation rate of 64.1% was a 27-year low.
• The May trade deficit rose 15% to the highest level since October 2008.
• The June three-month average of the Chicago Fed's national activity index, a weighted average of 85 indicators, reached its lowest level since October 2009.

im going for my own country ...  ya i expect some relief, but i also expect other bad news coming .. so its which ever one hits first.

Quote:

Originally Posted by hermanpu 

I think we get a bounce before we go that low mjoke. Probably time for you to cash out and buy a yacht or something. Protect those massive profits you earned it!

Quote:

Originally Posted by wisconsinstock1 

HAHA nice fact. The all-time record for number of days in a row in which the Dow fell appears to be 14 -- a streak that ended on Aug. 13, 1941, as the rumblings of World War II were reverberating through Wall Street. Just watch the VIX its not looking to bearish at all. Nothing like the spike in March and we are near those lows on the charts. I am watching calls as we speak waiting to get in for a small bounce. 

Keep in mind I am looking here for the bounce based on the VIX. It has not even come close to March 25 -30 levels. The call to put pressure is relatively stable and everything is oversold on techs. Most indexs are way oversold. Just fundamentals are sinking in and a small bounce and back down is what I see IMHO>