Stock Market Today - Intraday discussion - Page 6182  

Me too i am taking my ball and going home..WTF

 

Hmm, you may have something there.
 

 

where the hell did that volume come from???

What is going on? Why so much volatility all of a sudden?

I was thinking the same thing..it happened so fast I was like WTF just happened.  

 

 

I was this close to buying puts...lol...scared me right out of that trade

 

 

Market internals now shifted all the way into the green.

 

The support levels we were talking about on the transports and the Euro all held, bulls took the ball from the bears and ran with it.

 

 

Without looking, I think implied volatility today is about 26 handles on the /es.  So if the LOD at 1192.50 holds then the close could be in the /ES 1218 area.  There looks to be a low volume pocket around 1217, and it seems as if we need a demand test in that area.  Previous test earlier today was rejected.  

 

 

That is the scary part...  Volume = truth

yeah ...don't mess with that kind of volume

 

 

I was holding some TVIX from yesterday at 55.26, was trying to find a comfortable trailing stop to keep me in the trade when I saw that large green candle appear out of nowhere on the /es 5minute.  Bailed my position felt like the right thing to do..out at 64.12 :)  
 

 

nice trade

 

 

Bets on... wonder what this will do now...

 

Greek Ruling Party Rejects Parts Of The Austerity Bill In Key Parliament Vote- Reuters $$

Maybe this is all part of the EU's plan to have investors bail them out.  

 

Set up a hedge fund with 700 Billion Euros in it, cause market swings based on announcements and healines, and simply be on the right side of these swings every time.  They could have raised tons of money by now and it would have come out of investors' pockets.

Spot on man, 26.25 pts. So with a 20 handle range now, we can easily push the range 6 handles wider, in either direction. We have been seeing lower volatility in day session ES prices recently, when you talk about the range vs what VIX implies, but it has just reverted to what we can normally expect during high volatility periods compared to the preceding month when we were probably an extra standard deviation more volatile than ES is even during heightened volatility... if that makes sense.

I stepped out for lunch about 5 min before the Merkozy BS headline hit and well I am not surprised, but would not bet on the range expanding to the upside today. Lots of eyes on the 1170 area for a potential target on the pullback. (1231-1068 is a long way, a 38.2% retracement is 1180 so 1170 would overshoot that a bit).

6 more handles in either way would put us right on the 1185 support level, very interesting.

 

of course i'm biased to the bearish camp still holding puts LOL

ES having trouble at the resistance from this mornings wedge, need a bit of sideways before another push.

geeze just pick a direction lol

Key point on the S&P daily.  50 DMA could cross the 200 DMA.

Take a look at the DXY chart a perfect H+S setting up,let's see if it plays out...

 

 

http://www.marketwatch.com/investing/index/DXY