IBM, GE, BAC and AMD went down after earning. GOOG shot up after its earning. Two days in a row the premarket action gap down. Spot gold is continue to be weak.
I am still long this bloated pig, IBM. It is hanging in there like a rock star. I hope it is not a bull trap. Again, big blue is wall street darling. If this market is gonna keep going up, they will make a statement with IBM. I still think this is a reversal week for IBM though.
so, now gold stocks are stronger today and market s weak. GS hitting lows. OPEX is a risky day to trade. I would not be surprised to see a strong reversal at some point today.
Yesterday gold stocks went down. So the general market went down today. Let's see how gold stocks perform today. This will tell what will happen to general market on Monday.
After working for BAC for 2.5 years, all I can say about them and their stock is F'YOU!
They had the strangest stock option setup. The 1/2 the options vested when the stock price hit $15+ the strike price for 3 consecutive trading days. The other 1/2 at $30+. (with a 3 year time limit, at which point 100% would vest). 1/2 vested before I quit.
I believe we tested the bounce to 10000, hesitating to go above. Charts showing intraday top. will not hold. Another chance to short here. If it hits 10025 I will be out.
I am long IBM at 122.25, looking for a small gap fill, but who the hell really knows
ReplyDeletebig blue is a wall street darling, as much as I believe it is a bloated pig.
ReplyDeletei wish i was..
ReplyDeletetoo afraid these days to hold a short over night.
today is the day it would have worked!
systh
Let's see if this statistics hold.
ReplyDeleteThe market had crossed below 100 points at 10:00 AM. Will it close more than 100 points loss today?
BAS, you still can short GOOG. It is way overbought.
I am still long this bloated pig, IBM. It is hanging in there like a rock star. I hope it is not a bull trap. Again, big blue is wall street darling. If this market is gonna keep going up, they will make a statement with IBM. I still think this is a reversal week for IBM though.
ReplyDeleteIf GOOG craters back down, watch the market closely. There is a huge gap down in the morning for GOOG.
ReplyDeleteIf X ever hit 42 again, I am getting out around 42. Every times it hit 42 area, it bounced back up.
ReplyDeletei think 550 pin but u can pay 1.60 for the Oct 550 puts if you're a gambler.
ReplyDeleteso, now gold stocks are stronger today and market s weak. GS hitting lows. OPEX is a risky day to trade. I would not be surprised to see a strong reversal at some point today.
ReplyDeleteYesterday gold stocks went down. So the general market went down today. Let's see how gold stocks perform today. This will tell what will happen to general market on Monday.
ReplyDeleteGS had break 185 mark. Bad news with the financial sector. I am still waiting for October 19th, next Monday.
ReplyDeleteThe market is hanging around 100 point loss.
ReplyDeletelooks like I picked the wrong one. BAC is the dog that is getting ready to rally and fill the gap
ReplyDeleteAfter working for BAC for 2.5 years, all I can say about them and their stock is F'YOU!
ReplyDeleteThey had the strangest stock option setup. The 1/2 the options vested when the stock price hit $15+ the strike price for 3 consecutive trading days. The other 1/2 at $30+. (with a 3 year time limit, at which point 100% would vest). 1/2 vested before I quit.
Here is another problem with housing.
ReplyDeleteRead this link.
http://news.yahoo.com/s/ap/20091015/ap_on_re_us/us_chinese_drywall
We still have not closed Tuesday gap on DIA. Dow needs to drop 150 for that.
ReplyDeleteYes, SPY needs to close below 108, GS below 185.
ReplyDeleteon options expiration day....
ReplyDeletegood luck!!
Is GOOG done going up?
ReplyDeleteWill the market close more than 100 points loss today?
Matt, i have to a agree with you. long or short is a gamble today. I am gonna give IBM new lows before I sell my position.
ReplyDeleteNext week earnings.
ReplyDeleteMonday: AAPL
Wednesday: WFC
Thursday: AMZN
I believe we tested the bounce to 10000, hesitating to go above. Charts showing intraday top. will not hold. Another chance to short here. If it hits 10025 I will be out.
ReplyDeleteEven more toppier than an hour ago. Major dump is coming.
ReplyDeleteSM, I've got SPY OCT 109 puts riding on it.
ReplyDeletes. mantra, what are you looking at to say a sell off is coming with such conviction. I see the charts, but looks like it can go either way
ReplyDeleteMaybe Sure Mantra is talking about next Monday sell off.
ReplyDeleteI just dumped my IBM on the drop below 122
ReplyDeleteNo matter how strongly I believe,I have my stop loss targets in place.
ReplyDeleteI hear ya on that one:) I have been long all day and feel like I have been fighting the tape (again). I have a small SPXU position with stop at 40.6
ReplyDeleteI believe the specialists are trying to close the market where its opened this morning.
ReplyDeleteNothing happened in the last half hour. Time killed the charts. I am exiting here. It could go either way.
ReplyDeleteI am back in IBM with stop at 121.85
ReplyDeleteX had been weak all day. It didn't participate the market rally at 1:00 PM. Now it is at the low.
ReplyDeleteCLF just can't seem to make it much lower then 39..
ReplyDeleteI did get 2 nice day trades on BEE though.
well, another bad day for me. Only thing I did right was stick to my stop at 121.85 on IBM. still sucks to lose $ though.
ReplyDeleteNice bull trap at 3:30 PM.
ReplyDeleteI have started to see lots of false breakout. That is why I don't believe this rally at all.
False Breakout victims:
RIMM, AMD, GS, IBM, JNJ and many more.
Could BAC, AAPL, and AMZN be in the list?
ReplyDeleteNext Monday I am looking forward to it.
After hour action SPY and QQQQ continue to fall.
ReplyDeleteI am expecting a big down day next Monday.
Have a good weekend.