Stock Market Today - Intraday discussion - Page 6444  

Dougie Cass just tweeted

Mr.Market is strong as ten bulls. Staying bullish.

out of RIG. Way to much of a run up. Goes to show you how stupid some people in the market are. Yesterday no one wanted it down 5%. Today everyone wants it up 10% from there

I didn't mean to go short, I just thought it would be a good time to sell some TNA that I purchased earlier for a quick trade.  I'm in cash now. 

I also have a pricelevel drawn in from a long time ago at 74.92 on IWM.  I don't remember when it was from or how valid it is, but me being in profit territory + low volume + price level made me ask the question.

 

Quote:

Originally Posted by rando 


Why would anyone sell into this intraday action? Aside from top-picking, I don't see any reason to sell into this. Gotta wait for the top to come in IMO. We could well test yesterday's day session high, although 1256 is a great reversal point I would not front run it. wedge TL just above and lots of time spent printing 1256s yesterday could bolster the short's evidence for opening positions, but bonds are softening up here so if you are short, be safe and wear protection.

Quote:

Originally Posted by JFerraro 

out of RIG. Way to much of a run up. Goes to show you how stupid some people in the market are. Yesterday no one wanted it down 5%. Today everyone wants it up 10% from there

I see it all the time with my pinch plays.  It never fails to get a laugh out of me.

Watch them take the ES back down to 1243 before the end of the day. This market is nuts!

The small inside wedge is still being respected here as we got a touch and pullback.  The thick purple line on the chart represents a low volume pocket on the 1-hour profile, and you can see the two previous failed demand tests from earlier today and yesterday in that area.  IMO if we get another failed test of that area then we're in for a shot at the lower TL of the BIG wedge.  The question is..will a break up out of the small wedge bring in enough buyers to get us over that purple line??  I need to find a friggin' keyboard with a key labeled "wedge".  Sure would save me some typin'.  

i see H&S on 1 min. es 1254.50 is neckline

IWM tryin to push above the upper trendline of Da otha Wedge

Just closed out my naked written Dec $42.5 Puts on RIG for a 30% gain.

Dropping back from orbit now... pulling back well off the highs.  To be fair... both the surge up and pullback are on horrible volume.  So... no idea what happens now.
 

Quote:

Originally Posted by LilCoonazz 

IWM tryin to push above the upper trendline of Da otha Wedge

Got a nice scalp on my SPY calls. Looking to get back into some puts before the close.

so...who is leading the karma race?....

winner gets a free head shaving ...brought to you by Buddhist Monks Inc....when karma looks that good, we shave it off...and sell it too hair club for men

Damn... already have mine shaved...guess that means I'm already a winner!
 

Quote:

Originally Posted by OldFart 

so...who is leading the karma race?....

 

winner gets a free head shaving ...brought to you by Buddhist Monks Inc....when karma looks that good, we shave it off...and sell it too hair club for men

Quote:

Originally Posted by Bishop 

Just closed out my naked written Dec $42.5 Puts on RIG for a 30% gain.

looking to sell the 50 novs for 1.00. Dont think its run is sustainable

mine is pretty close....need another cut though

 

Quote:

Originally Posted by Lago 

Damn... already have mine shaved...guess that means I'm already a winner!
 

 

yeah... it's a every other day activity.  Its hard work being bald!
 

Quote:

Originally Posted by OldFart 

 

mine is pretty close....need another cut though