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  • #8,741
  • May 20, 2015 11:19am May 20, 2015 11:19am
Quoting The Fool
{quote} haven't touched this, wait/see what the bots do on the FOMC minutes....
well, no big surprise, the SnP heading for another ath close - thanks, JY.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,742
  • May 20, 2015 12:28pm May 20, 2015 12:28pm
Quoting The Fool
well, no big surprise, the SnP heading for another ath close - thanks, JY.
......what? the bears try to counter?

trying to sell an IWM Jun $128/129.5 call spread for $0.35, missed it by a few secs it seems
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,743
  • May 20, 2015 12:39pm May 20, 2015 12:39pm
Quoting The Fool
{quote} ......what? the bears try to counter? trying to sell an IWM Jun $128/129.5 call spread for $0.35, missed it by a few secs it seems
look at the daily candle closes, although no surprises in the minutes we are edging closer to a rise as the months pass and july/sept edges nearer. Only a statement like ''rates on hold until late next year'' will keep this bull moving higher and higher otherwise sooner or later the inevitable rate rise will affect this market for some kind of correction that's long over due
  • #8,744
  • May 20, 2015 12:46pm May 20, 2015 12:46pm
Quoting The Fool
{quote} ......what? the bears try to counter? trying to sell an IWM Jun $128/129.5 call spread for $0.35, missed it by a few secs it seems
filled it - guess I'm just a glutton for punishment...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,745
  • May 20, 2015 12:49pm May 20, 2015 12:49pm
Quoting Cecil Gee
{quote} look at the daily candle closes, ...........some kind of correction that's long over due
volume has really dried up, bonds keep selling off, the Fed is losing it, the stars are lining up for some heavy moves down, prolly just need a little spark, maybe a Greek default on IMF debt next week?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,746
  • May 20, 2015 1:00pm May 20, 2015 1:00pm
trying to sell a Jun1 SPY $215/$216.5 vert for $0.45......filled at the close for 44c
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,747
  • May 20, 2015 1:18pm May 20, 2015 1:18pm
if bonds continue selling off overnight (and maybe also fiber keeps slipping) we will see US equities gap down Thursday. I need to see a long red candle for a change....good luck, all.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,748
  • May 20, 2015 1:28pm May 20, 2015 1:28pm
Quoting The Fool
if bonds continue selling off overnight (and maybe also fiber keeps slipping) we will see US equities gap down Thursday. I need to see a long red candle for a change....good luck, all.
will help my trades if it does
  • #8,749
  • May 20, 2015 1:32pm May 20, 2015 1:32pm
Quoting The Fool
if bonds continue selling off overnight (and maybe also fiber keeps slipping) we will see US equities gap down Thursday. I need to see a long red candle for a change....good luck, all.
that may be tomorrow as there news in Europe coming out but Chinese manufacturing data overnite could start the ball rolling both sides of the pond
  • #8,750
  • May 20, 2015 5:21pm May 20, 2015 5:21pm
good drops in SPY and IWM ah makes me smile, fingers crossed for some continuation into tomorrow
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,751
  • May 21, 2015 12:45am May 21, 2015 12:45am
Quoting The Fool
if bonds continue selling off overnight (and maybe also fiber keeps slipping) we will see US equities gap down Thursday. I need to see a long red candle for a change....good luck, all.
neither shaping up, USD weaker & UST's are seeing a little bid, but US equity futures are a little down. If SPY gets bid up to new high territory Thur I will be very perturbed.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,752
  • May 21, 2015 6:20am May 21, 2015 6:20am
Quoting The Fool
{quote} volume has really dried up, bonds keep selling off, the Fed is losing it, the stars are lining up for some heavy moves down, prolly just need a little spark, maybe a Greek default on IMF debt next week?
Yep, constantly under 1M for ES, even under 900k contracts... One of the authorities on Market Profile, Peter Reznicek had a good observation yesterday --> number of stocks above its daily 50 MA is constantly dropping, while in the same time market is going up... that is a bearish divergence also, and it cannot last forever. We will have some moves down, but I would not hold my breath for anything serious... maybe just another 3-4% drop for the BTFD-ers.
Hope is dangerous in this game.
  • #8,753
  • May 21, 2015 6:51am May 21, 2015 6:51am
Quoting StrayDog
maybe just another 3-4% drop for the BTFD-ers.
I know, bulls relentless - /ES slipping red now though and I am sitting at b/e on $213/x short SPY call spreads, if I am wise I will stop tempting disaster. See, I need to sell some puts, then the market will drop like a lead turd....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,754
  • May 21, 2015 7:19am May 21, 2015 7:19am
bought USO $20 puts for a weekly gamble, ....5c
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,755
  • May 21, 2015 9:10am May 21, 2015 9:10am
This grinding up on a low volume is really annoying... larger volume was last year in the middle of the summer.
About 445k on ES so far.
Hope is dangerous in this game.
  • #8,756
  • May 21, 2015 9:45am May 21, 2015 9:45am
Quoting The Fool
bought USO $20 puts for a weekly gamble, ....5c
stupid

the SPY is building bases at the x.00's and x.50's, $213.50 now will be future support on the way to 750....I don't know why I keep fighting it. Maybe it's the Irish in me. Of course, the day I turn bull the whole mofo will come down around my hooves.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,757
  • May 21, 2015 10:45am May 21, 2015 10:45am
Quoting The Fool
{quote} stupid the SPY is building bases at the x.00's and x.50's, $213.50 now will be future support on the way to 750....I don't know why I keep fighting it. Maybe it's the Irish in me. Of course, the day I turn bull the whole mofo will come down around my hooves.
a negative close in the DOW today will help so not to worry yet
  • #8,758
  • May 21, 2015 10:49am May 21, 2015 10:49am
Quoting Cecil Gee
{quote} a negative close in the DOW today will help so not to worry yet
yeah I am hanging in but often against good judgement, credit spreads nearing 100% loss at times, I have been lucky to not have any kill me lately, eventually omg I might get one easy trade. Just one, sheez....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,759
  • May 21, 2015 10:58am May 21, 2015 10:58am
Quoting The Fool
{quote} yeah I am hanging in but often against good judgement, credit spreads nearing 100% loss at times, I have been lucky to not have any kill me lately, eventually omg I might get one easy trade. Just one, sheez....
hang in there, price has struggled once over 18315 on the DOW to maintain its strength. Not saying it can't burst through there in the future but so far its been difficult and time is ticking
  • #8,760
  • May 21, 2015 11:36am May 21, 2015 11:36am
Quoting The Fool
bought USO $20 puts for a weekly gamble, ....5c
And here is another 5c weekly lotto ticket - idea from ShadowTrader...

BABA May22 Call Butterfly 97/98/99 for 5c...
Hope is dangerous in this game.
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