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post #123261 of 136697

*cough*

 

/me points to copper chart.

post #123262 of 136697

but no were gonna break out cuz were at resistance.. didnt you hear?

i would be skerd of that .. if it breaks 3.24 could revisit lower lows.

post #123263 of 136697

getting some currency movement as well, hoping the /dx will hold 77.20 this time around

post #123264 of 136697

I need your opinions here. Should I cut my MS shorts with huge loss and cry or should I wait? 

post #123265 of 136697
Quote:
Originally Posted by StockJock-e View Post

*cough*

 

/me points to copper chart.


 

price_charts_director.png
 

Oh dear, not the best chart :(   but its from 06 oct to today.  

 

post #123266 of 136697

Again, sorry for the stupid question, but does copper have any important correlation to the market?  What's the importance here?

post #123267 of 136697

wait till close
 

Quote:
Originally Posted by ibuddler View Post

I need your opinions here. Should I cut my MS shorts with huge loss and cry or should I wait? 



 

post #123268 of 136697

hold the MS.. cant really get any worse jmo.  well it can but i think it will contact alittle .. maybe give you a few bucks back. or just close part of it.

post #123269 of 136697

tough to find anything really bearish out there this morning, except for copper which is on important support levels here:

 

Copper chart

post #123270 of 136697
Quote:
Originally Posted by RagingBull View Post

Again, sorry for the stupid question, but does copper have any important correlation to the market?  What's the importance here?

 

People use it a a market indicator, if copper goes up market is, or has potential to grow as China imports the most of all nations (I think), they use it for industrial purposes. However my personal opinion is that it is so manipulated by China that it is not so reliable anymore. WHY? Because when they need to import lots they don't want to pay top or mid price they want to pay lower prices.. sneaky buggers!

Decrepid fossils such as myself always thought it could predict conflict as it is used for munitians (spelling - sorry)   

post #123271 of 136697

BAC falling off a cliff  hmm.gif

 

It's about time...

post #123272 of 136697

anyone in casino stocks? or opinions on the sector for the quarter.

Wynn reports AH. 

was thinking about getting lvs calls to play it.

post #123273 of 136697

I'm guessing price will follow something like the blue line today.

Anything below the -3sd (red) and I'm looking for shorts. 

It's kind of hard to judge in this tight range.

ScreenHunter_01 Oct. 19 09.41.gif

post #123274 of 136697

copper now -3%

 

weak all day.

 

post #123275 of 136697
Quote:
Originally Posted by IchibomB View Post

I'm guessing price will follow something like the blue line today.

Anything below the -3sd (red) and I'm looking for shorts. 

It's kind of hard to judge in this tight range.

ScreenHunter_01 Oct. 19 09.41.gif


 

Sloppy market today, we probably get some good action towards the bell.

 

 

 

post #123276 of 136697

hate this market with a passion. Not helping that fast money is saying to buy rig which i'm trying to buy at 50

post #123277 of 136697

 

 

WOW ! NFLX just bounced back to 113 + change .. hope Philo got out in time.   AAPL stuck at 405 for the moment..

post #123278 of 136697

Wow @ Intel (I know it's noon and I just looked, so I'm late to the party).  Up almost 5%.  

 

Apparently people still buy PCs and AMD isn't really cutting into their market share.

 

Guessing no one expected this?  I backed up the money truck at $21.  Nice surprise today for me!

 

 

post #123279 of 136697

AMZN lod here, -3%

post #123280 of 136697

some notable earnings movers after the bell: wynn, bwld, rvbd, plcm, scss... thoughts?

 

im thinking bwld short, rvbd long, and scss long

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