Stock Market Today - Intraday discussion - Page 6099  

Futures really only got a 3 point pop on those numbers release before hitting a wall... if this forms the double top I don't know how the markets doesn't flag this as selling point.  Even if this is market is turning back upward for a Q4 rally... we still need a pretty good pullback to go any higher.  We still haven't seen any really good volume in this rally and I don't believe we see any real buyers coming in until this hits a 50% retracement on this last retard strength rally.

Another Euro fakeout..

Quote:

Originally Posted by Lago 

Futures really only got a 3 point pop on those numbers release before hitting a wall... if this forms the double top I don't know how the markets doesn't flag this as selling point.  Even if this is market is turning back upward for a Q4 rally... we still need a pretty good pullback to go any higher.  We still haven't seen any really good volume in this rally and I don't believe we see any real buyers coming in until this hits a 50% retracement on this last retard strength rally.

Volume has been non existant, but that does not mean that it will not come. It could and most likely will all come near the top!

Quote:

Originally Posted by sksyen 

Another Euro fakeout..

what you mean

Quote:

Originally Posted by sksyen 

Another Euro fakeout..

Yeah, Euro having some issues with the 1.38 level this morning.

That retails sales pop got faded pretty quickly. I think a lot of people will take today's pop as a chance to take profit. Good short entry imo.

They don't want to hold through more European talks, bank earnings next week, Google and Apple are jacked up pretty high right now, very high probability of them selling down a bit.

yup fut are coming way off there highs maybe sell the gap up this am

So is that mostly what everybody is going to be doing today?  Selling their positions at open then shorting? 

I think, that its worthless to think....nobody knows what we are about to do so why guess lol. I'm done throwing money at shorts until we get a -1500 tick somewhere lol

Retail is pretty bullish now.... ETF had lot of inflows...

When everybody is bullish, the boat tilts... so i feel we might fall big.. kind of a shocking fall

Maybe watch the tech today, aapl and goog up along with a lot of the other tech companies. Adobe getting some action too.

If we go above s&p 1220 we shorts are done today

Quote:

Originally Posted by ultra_knight 

Retail is pretty bullish now.... ETF had lot of inflows...

 

When everybody is bullish, the boat tilts... so i feel we might fall big.. kind of a shocking fall

not yet... but it's coming!

We may gap up beyond that in the open lol
 

Quote:

Originally Posted by jlewis1111 

If we go above s&p 1220 we shorts are done today

3840 is the last stop before we retest 1.4.  This level needs to hold for anyone planning on getting in shorts.  

wow basically hitting Wednesday's highs again led by tech. Dejavu sell off to 1200 again?

Man this entire board is so skewed to one side all the time.  

Ugh, those 122 puts ITM are going to get my face ripped off this morning. Only thing I can do is average down.

Daily US Opening News And Market Re-Cap: October 14

Submitted by Tyler Durden on 10/14/2011 - 08:10

• S&P downgraded the long-term sovereign rating of Spain by one notch to AA- from AA with a negative outlook
• Fitch placed five major European commercial banks – namely, Barclays, BNP Paribas, Credit Suisse, Deutsche Bank and Societe Generale - on credit watch negative
• Strong corporate earnings from Google boosted appetite for risk during the European session
• The French/German 10-year government bond yield spread widened to a record level on concerns surrounding the impact of an EFSF leveraging on the French sovereign ratings
• Market participants keep a close eye on the outcome of the confidence vote in the Italian Parliament. In latest news, according to ANSA, Berlusconi has enough votes to win the confidence vote