The specialists are at his bests yesterday late afternoon.
Right from the start the market counter attack the loss from yesterday sell off. The shorts who shorted during the afternoon sell off got trapped or not.
It is past 10:00 AM and the market is hovering around yesterday high. Will it fill the morning gap?
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another shakeup with massive reversal. i was sweating bullets there as I was long.
ReplyDeletei bailed too soon on the pullback to 106.9x..
:( haha had to protect my gain.
was SHORT spxu at 40.70.. got out 40.28 for a nice little gain. just hate leaving it on the table as it shot back to 39.9x.
bilera
Exactly as I predicted. The bulls would give the bears a fight at the support level. Couple days ago, I mentioned it is very dangerous to short at this level. The shorts got trapped. Now some of the them are covering. Like I said before, watch for clues at individual stocks.
ReplyDeleteGOOG, X, VIX and AMZN
It seems like spot gold and gold stocks are ready to move higher. I am glad that I bought NG yesterday.
HOLY CRAP
ReplyDeletespy 107.85 to 107.26 in an INSTANT (ok seconds)
100,000 ES contracts ditched hahaha
nomycing
Yesterday action the bears won by a small margin.
ReplyDeleteThe market went down close to 100 points, but it make higher high and higher low. It closed in a red bar.
Today action the market make higher high and high low. In order for the bulls to win today, it needs to close in white bar.
You do know the market will close positively above 100 points today. The market did maintain above 100 points at 10:00 AM. Lots of shorts were waiting for the pullback or sell off this afternoon.
ReplyDelete