The market will gap up at the opening. Watch how it closes the morning gap. Also watch how it closes today. If QQQQ closes above 43.80 and SPY closes above 110 area, it might be time to go long.
considering the strength in the move of GLD, I am surprised at the muted response by the gold miners. Not too sure what to make of it, but just an observation. Also, transports have not confirmed move in Dow (yet). of course, Snp and Dow can run for days with our transports confirmation, just means it may not stick longer term
Never underestimate the power of printing money. Helicopter Ben is running the press full time and markets are going ballistic. GCL, how sure are you of a top?? we are over bought and over extended and every thing else, but who the hell really knows. I sold 1/5 of my shorts on this pull back. gonna hold rest until close
Meredith W. thank you for the sell-off. Now, you say you do not understand why market, banks, and real estate are up... let me tell you, silly lady, it is called printing money and shoving it into equitiesa and commodities via JPM and GS and anyone else. too damn funny, we know you know why!
The SPY is making a 1.5 point move. 105, 106.5, 108, 109.5 and now 111.0.
ReplyDeletewow, this chit is strong. gonna try to short a bit here. but probably just asking for trouble.
ReplyDeleteJust watching VIX and UUP. any thoughts on if we get a reversal today. This is an exact replica of last Monday. Same chit, different week
ReplyDeletei think it is too early to consider a short with the bullishness in the market.
ReplyDeletegood luck if you do
becis
vix is kind of weak for this rally which is odd.
ReplyDelete$TRIN has been super strong all morning until the last couple minutes.
Yes, I probably should not short here, but I did. VIX has not confirmed this rally, but everything else seems to be pointing higher.
ReplyDeleteconsidering the strength in the move of GLD, I am surprised at the muted response by the gold miners. Not too sure what to make of it, but just an observation. Also, transports have not confirmed move in Dow (yet). of course, Snp and Dow can run for days with our transports confirmation, just means it may not stick longer term
ReplyDeleteThe volume of QQQQ is about average and SPY volume is slightly higher than average.
ReplyDeletegcl, ok, that is good to know
ReplyDeletewtf just happened with banks/financials. just tanked bigg time
ReplyDeletedid bernanke say anything worth quoting?
ReplyDeletedinals
BAS, read this article.
ReplyDeletehttp://finance.yahoo.com/news/Bernanke-Fed-will-keep-eye-on-apf-2941100460.html?x=0&sec=topStories&pos=1&asset=&ccode=
Time to short internet sector GOOG AMZN EBAY YHOO BIDU PCLN
ReplyDeleteNow the QQQQ volume is below average and SPY volume is also slightly below average.
ReplyDeleteSo, do we get a 25-30 plus move in SnP today or does it roll over and close below 1100?? Prob. gonna close higher. chit
ReplyDeleteMan guys, not only was I way wrong but I'm miserable.
ReplyDeleteThis week is option expiration. Next week the market will trade in very light volume due to Thanksgiving holiday.
ReplyDeleteif we reach 1121 on $SPX, that will be 50% retracement of all time high and march lows.
ReplyDeleteWe will be making a rounding top on ow volumes . Sell on highs and buy on dips until downward slope steepens.
ReplyDeleteRead this link about "dark pool".
ReplyDeletehttp://www.sec.gov/news/speech/2009/spch102109mls.htm
The top was in at 2:45 PM.
ReplyDeleteNever underestimate the power of printing money. Helicopter Ben is running the press full time and markets are going ballistic. GCL, how sure are you of a top?? we are over bought and over extended and every thing else, but who the hell really knows. I sold 1/5 of my shorts on this pull back. gonna hold rest until close
ReplyDeleteI mean the top was in for today. Sorry if you misunderstood about "the top" for the market.
ReplyDeleteNo, I was only talking about today. I was just making general comment about our messed up monetary policy in this country
ReplyDeleteI felt it too when it happened at 2:45.
ReplyDeleteWanted to go SPXU.. ;) but didn't trust it.
Would have been a nice winner.. up from 37.10 to 37.60. damn.
implatie
I am out of all shorts on that spike down. will not sure if we go lower today or not, but happy to get some $ back
ReplyDeleteMeredith W. thank you for the sell-off. Now, you say you do not understand why market, banks, and real estate are up... let me tell you, silly lady, it is called printing money and shoving it into equitiesa and commodities via JPM and GS and anyone else. too damn funny, we know you know why!
ReplyDeleteNow that is a nice reversal. gonna have some fun shorting this bloated pig of a market manana. hope we do not gap down too far tomorrow.
ReplyDeleteVIX reverse head n shoulders still in play.
ReplyDeleteThe market had dropped about an hour now. The next 15 minutes could be crucial. Could the market drop back down to where it's opened today?
ReplyDelete