Stock Market Today - Intraday discussion - Page 6179  

Im predicting a huge blood bath tomorrow. Nobody will hold shit going into the weekend with all of these rumors non rumors meetings summit stuff going on. Could be a huge swing either way monday. My best bet is buy TNA and TZA at closing tomorrow and cut one loose on monday am.

I'd like to see this get all the way back down to 1190 before we make a good solid bounce.

Quote:

Originally Posted by jlewis1111 

Im predicting a huge blood bath tomorrow. Nobody will hold shit going into the weekend with all of these rumors non rumors meetings summit stuff going on. Could be a huge swing either way monday. My best bet is buy TNA and TZA at closing tomorrow and cut one loose on monday am.

why the hell would one do that instead of a straddle or strangle? 

Quote:

Originally Posted by mjoke 

Today the Treasury is to sell USD 7bln in 30y TIPS and the results are expected few minutes past 1800 BST (1200 CDT). Looking at the historical data, the last 30y TIPS auction was held on 23-Jun’11 and the b/c was 3.02 and indirect bidders accounted for 22.86%. The 30y TIPS auction previous to 23-Jun’11 was held on 17-Feb’11 and saw a b/c of 2.54 and indirect bidders account for 55.06%.Recent trends indicate the yield has been decreasing but offer a mixed picture on the bid/cover and indirect bidding, the current 30-year Treasury yield stands at 3.177%. With the uncertainty continuing in Europe, in particular regarding the constitution of the EFSF, longer dated paper from the US could see good demand at today’s auction, with desks also noting a small concessionary yield which could also aid the auction. However September’s 10y TIPS auction was a weak affair, with a higher yield and lower domestic and foreign demand so a solid auction today is by no means assured.Analysts at Wrightson Icap note this has been one of the more popular offerings in the Fed’s TIPS passes over the past year. The Fed owns a total of USD 3.9bln of the issue, of which USD 0.7bln was bought at auction and USD 3.1bln in the secondary market, including USD 338mln in the first of the Operation Twist TIPS purchases earlier this month.

Sorry to be a pest but do you think that this would draw money from the stock markets? Just wondering what impact it could have on the markets (if any) in your experience. 

Looks like 1200 will break, seeing some nice weakness here.

Watch EURUSD 1.3650, its important support.

If it loses that, equities may follow since they seem to be watching the Euro for clues.

The bond yields impact the stock performance, as its inherit to the currency. Higher yeilds more risk.

Its more a longer term indicator.. just a perception

Market internals confirming here

Lowest levels of the day as ES tries to hold 1196 support. It will not hold, not getting any signs of strength here.

Is 1200 going to hold today?

open the flood gate please

bye 1200

Yup... think EUR is gonna lose that level and then it will be tough for the longs to be as confident
 

Quote:

Originally Posted by StockJock-e 

Watch EURUSD 1.3650, its important support.

 

If it loses that, equities may follow since they seem to be watching the Euro for clues.

 

Quote:

Originally Posted by o7media 

Looks like 1200 will break, seeing some nice weakness here.

Just broke through it 
 

WTH?  Since when did 1198 become support?  Down boy, down!  

Quote:

Originally Posted by Lago 

zerohedge zerohedge

 

Euro Summit Imploding: Merkel Cancels Friday Government Statement On EFSF zerohedge.com/node/439388

 

love the twitter news... swings sooo fast!

 

So wait, the earlier news about them not postponing is now off the table?

 VIXX

iPath S&P 500 VIX Short-Term Futures ETN  just made HOD

FTSE Closed at minus 1.21%     GDAXI  minus 2.49 (at present) 

Quote:

Originally Posted by RagingBull 

WTH?  Since when did 1198 become support?  Down boy, down!  

Actually, there is some support around 1192 area; it has rebounded from it twice now. Need to see what happens today...

Missed short entry this am...looking for a nice bounce off 1190-1187

Quote:

Originally Posted by jlewis1111 

Here comes the selling

This isn't selling like you're making it out to be.  Last two days is low volume selling.  We've got a decision coming up over the weekend.  Support at SPY 118.70.  People just taking a little profit and positioning for either outcome.