I will be the first one to say that around 9:53 AM would be the top for today. Today SPY has a great chance to drop back down below 110 today. The SPY and QQQQ had closed the morning gap just now.
russel 2000 did not make new highs in surge past few weeks. TZA is 3Xshort etf for small cap stocks. imo, this has highest probability of beating market on downside in future.
the last two gap n go moves on the SnP did not fill the the gap the next day and SnP continued higher. Are we gonna get three in a row? I sure hope not, seems too predictable to me.
That is why specialists and brokerage firms were working together to weed out as much money as possible from small investors such as BAS mentioned about SPY puts. Never invest with margin. Very dangerous game.
JDT, SPY have an unfinished business to do to fill two gaps. One from yesterday morning and another from last week on Monday. All I am saying is that we will see SPY hitting 108 again in the near term.
I will be the first one to say that around 9:53 AM would be the top for today. Today SPY has a great chance to drop back down below 110 today.
ReplyDeleteThe SPY and QQQQ had closed the morning gap just now.
Financials are weak today (again). thank you Meredith W.
ReplyDeleteJDT, from now on, listen to her. Remember what she said about GS and she was right about it.
ReplyDeletelooks good so far..
ReplyDeletei got in spxu@37.78
meratori
trying to take them higher now. lots of strength. gold stocks need to roll over, soon.
ReplyDeletethe fact that we closed above 110 on SPY yesterday has me worried. may have to cover at higher highs today!
ReplyDeleteFed to pull back on length of Credit from 90 days to 28 days. starting take away liquitity. that's why we got a quick drop. hope it holds
ReplyDeleteGLD helping confirm sell off, finally.
ReplyDeleterussel 2000 did not make new highs in surge past few weeks. TZA is 3Xshort etf for small cap stocks. imo, this has highest probability of beating market on downside in future.
ReplyDeletei closed at .30 gain on spxu.. still looking for further downside, but expecting a bounce to enter short again as it might roll over
ReplyDeletewe shall see
covel
Uh,oh. GLD hitting highs. time for the jam job higher?
ReplyDeletethe last two gap n go moves on the SnP did not fill the the gap the next day and SnP continued higher. Are we gonna get three in a row? I sure hope not, seems too predictable to me.
ReplyDeletejust bought TBT with stop below todays low. trying to mix it up a bit, as my shorts are getting ready to be squeezed
ReplyDeleteback in spxu@37.75
ReplyDeletemight take any +.25 gain if it comes
mental stop at todays high 111.23
ditivate
The volume for QQQQ and SPY are below average.
ReplyDeletegcl, so we can expect a jam job higher into the close???
ReplyDeleteRemember 111.00 is part of 1.5 point trend move for SPY. 105, 106.5, 108, 109.5 and 111.
ReplyDeleteblah.. looked like i had a .24 gain in spxu before it reversed ..
ReplyDeleteducti
112.5 for SPY appears to be next:)
ReplyDeleteWatch this afternoon how specialists will take this market down.
ReplyDeleteI sure hope so, cause I am still short. also, SRS is showing the most strength of all my positions.
ReplyDeletea friend of mine had his SPY puts called away from him at the days high.
ReplyDeletetriving
big volume spike in UUP right here
ReplyDeleteBAS, bummer, did his acct. value get too low or what. that sucks, especially if we go down hard this afternoon. AAPL hitting lows of day
ReplyDeleteThat is why specialists and brokerage firms were working together to weed out as much money as possible from small investors such as BAS mentioned about SPY puts. Never invest with margin. Very dangerous game.
ReplyDeleteyeah.. on some margin.
ReplyDeletebalein
MS and GS hitting lows of day! can we get some damn downward momentum. c'mon, lets see some red
ReplyDeleteGCL, who's to say specialists don't take this market much higher into close? we are treading water at this level for too long.
ReplyDeleteJDT, SPY have an unfinished business to do to fill two gaps. One from yesterday morning and another from last week on Monday. All I am saying is that we will see SPY hitting 108 again in the near term.
ReplyDeleteSPY had finished the head and should in the last 2 hours. 111 is the neckline. If it breaks below it, SPY is going down.
ReplyDeletethanks for head n shoulder info, did not see that today
ReplyDeleteToday action is to lose some premiums on the options before the options expire this Friday.
ReplyDeleteWell, it's a F'd up day, as far as I am concerned. bs moves up and down. total indecision
ReplyDeletegcl, does yesterdays volume play into your thoughts about a short term top (in addition to gaps)
ReplyDeleteJDT, the volume will get less and less due to Thanksgivings holiday coming up. So from now on take slightly below average volume as average volume.
ReplyDeleteI was referring to the fact that volume appeared to be fairly hight yesterday in SPY. this has been like water torture watching this market today
ReplyDeletewell that didn't work out into the close.
ReplyDeletemaybe next time.
lonsti