The market will gap up this morning. I will be the first one to say that this gap up will favor the bears in the next 1 to 5 days. This is a sign of topping out.
anyone gonna take a stab at it short here?? the bulls are running...Dow 10350 basically hit. will we get a reversal before end of week or is this a breakout on weekly chart??
hey, what do you know?? another bearish engulfing candle stick on SPY hourly chart. Is this gonna be same chit, different day...or are they gonna actually try to sell them. this is getting old.
gcl, nice. filled the gap and reversed at resistance line. gold stocks weak today considering price of gold. I would expect a short term pull back in GLD based on mining share performance
This is the top.....
ReplyDeleteDING DING DING
PALM up $1.
ReplyDeleterejew
anyone gonna take a stab at it short here?? the bulls are running...Dow 10350 basically hit. will we get a reversal before end of week or is this a breakout on weekly chart??
ReplyDeleteI'm all in short the SPY 107 puts (November). Price wise, this is my top, time wise, it was suppose to be Friday.
ReplyDeleteVIX at highs of day, fwiw. that could be an indication of things to come later today.
ReplyDeleteI am in a bit of SPXU and will add to it if we can get some downward momentum. still not sure if they roll today though
ReplyDeleteI believe we are short term over extended in averages, but not so sure about a final "top".
ReplyDeleteLong SPXU, DTO, and a bit of SRS
ReplyDeletesame damn thing as yesterday so far on SPY..
ReplyDeleteI didn't get in today either...
run it up to about 10:28 am, and then drop it afterwards. ugh i'm upset. :/
are we going to rally back just like yesterday?
cajdrie
I would expect blow off top tomorrow with strong reversal into friday..
ReplyDeleteof course, this could be our blow off top today
oh my, UUP rallying and VIX up strong. sure would be nice if they can't rally the troops today.
ReplyDeleteare they just trying to fill the morning gap or is this the real deal?
ReplyDeletelooks like it now
ReplyDeleteso close on SPY..
vocortu
The SPY and QQQQ hadn't close the morning gap yet.
ReplyDeleteThe SPY and QQQQ had break the 52 week high. Previous high:
SPY at 110.31.
QQQQ at 43.82.
New high
SPY at 110.82.
QQQQ at 44.14
hey, what do you know?? another bearish engulfing candle stick on SPY hourly chart. Is this gonna be same chit, different day...or are they gonna actually try to sell them. this is getting old.
ReplyDeleteit's flagging now, looking for more down side.
ReplyDeleteWill it close the morning gap? It was so close to it.
ReplyDeleteWill the market taste red or negative today?
Today volume is about average.
ReplyDelete109.45 coming in the next hour.
ReplyDeleteor not....
ReplyDeleteThe QQQQ had closed the morning gap, but SPY missed by 3 cents.
ReplyDeleteOkay, I'm calling top of the day here.
ReplyDeleteDAMN IT!!
come on, let's attack yesterday's lows.....
ReplyDeleteJOIN ME!!
Sorry Matt.. no touching the market today.
ReplyDeleteingshi
BAS-tard!!
ReplyDeletethat was a joke btw....
ReplyDeletehope you found it funny.
definitely got me smiling. pretty damn funny. I covered 75% of my shorts on that last spike down. still waiting for seven day uptrend to break.
ReplyDeletevix is showing inverse h&s inside of it's inverse right shoulder.
ReplyDeleteGS and IBM are not helping the cause here...if you are short.
ReplyDeleteThey broke through the top of my channel.....
ReplyDeletethem the true bastards!!
Go, baby, go....downnn.
ReplyDeletePCLN $196.52 now.... I hope SM didn't get stopped out.
ReplyDeleteYesterday:
Sure Mantra said...
Short PCLN 207. stop 210
ardsible
The volume for QQQQ is light. The volume for SPY is below average.
ReplyDeleteI just shorted AEM at 60.90.
ReplyDeletegcl, nice. filled the gap and reversed at resistance line. gold stocks weak today considering price of gold. I would expect a short term pull back in GLD based on mining share performance
ReplyDeletefubby
For the next few days, I am expecting the market will pullback. Today is the best opportunity to short.
ReplyDelete