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Hell Just Froze Over
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Hell Just Froze Over

by The MoleMay 19, 2009

11:16am EDT: Damn, I never thought I would say this but here’s a Fox News clip I would like you guys to see:

Damn, hell just froze over… Great clip and it’s kind of strange to find that level of truthiness on Fox News of all places (and no, I’m no sandal wearing granola chugging lefty – more in the center).

1:00pm EDT: The tape in equities looks completely psychotic today and I have better things to do than watch this crap. All we are getting are swings off the respective VWAP marks. I don’t see any real selling – downside pressure has completely evaporated. The daily RLs on both ends are miles away and I have no opinion on which way this will swing. I’m back in cash and probably will remain so for the next few days. I barely managed to pull into green for the day with some lucky/creative futures swing trading and have no intent to take on any further risk.

Psychologically, this is an interesting point in the tape – we’ve had wild swings in both direction and each camp is waiting for an opportunity to ‘kill it’ as a break (up or down – depending who you ask) is expected to be imminent – just the kind of tape that can go sideways for a while. But I took a step back and looked at where we are right now – and I have to tell you the odds are lousy and I’m not going to try to force it. Anyone who looks at this tape and sees good odds is either insane or deeply engaged in wishful thinking.

1:25pm EDT: I am the third revelation!

This one is for Tim ๐Ÿ˜‰


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.
  • Royal With Cheese

    I am a long term Bear .. but when I see on a TV show all the folks unanimous about this being nothing but a Bear Market Rally .. i start to get paranoรd !!!

  • rhae

    VTI Total Market Vipers looks easy enough to read…
    Note: red dot down at the time/date, trend alert for this chart

    http://screencast.com/t/LovEyk2IDk

  • GMunni

    IMHO, should we be fortunate enough to see 918 cash today – short the crap out of this market. Turnaround Tuesday. My minimum expectation is 830 next stop.

  • alphahorn

    Long FAS @ 10.27, also two little stocks that I think will breakout soon, i've been playing a lot of these types of stocks over the past 3 weeks. but check out ICO and PCX, two coal companies with nice bull flags and nice b/o potential

  • http://stainlesssteelchicken.blogspot.com/ StainlessSteelChicken

    Exactly, we need all these shows to quit talking about a “bear market rally” and start talking about a new secular bull. It's ironic that we need less talk about reality and more talk about delusion in order for reality to set in. :)

  • Fujisan

    Mole,

    I looked at your question about GLD. Here are my thoughts:

    If your GLD view is a range bound, and you are expecting GLD to expire right around 88, BF would be a good strategy, but this particular BF's legs are much narrower and you could be out of money pretty easily – so I would probably go with wider legs (like 93/88/83) – but of course this would be more expensive – so it's up to you how much you like to invest in this position.

    If your your view is bearish and you like to hold on to your bearish position longer, 88/90 diagonal may not be a bad idea – you would have July puts after June puts expires – but of course, this would be more expensive, but better probability.

    Or you could simply go with 93/88 bear put spread.

    Hope this helps.

  • BalaB

    hmmm……The market look like it wanted to take profits for the past 30mins but the falling USD (IMO) just isn't gonna let it.
    I'd like to say I'm 'long and strong' but perhaps “I'm long and with a semi' is a better analogy

  • annamall

    Nice video from my neck of the woods! Let's hope that duffas is right LOL

  • amgrant

    I couldn't agree more, those were my exact thoughts as I watched that clip.

  • standard_and_poor

    PCX on a breakout is extremely bullish, a cup with handle formation. Good find for long term hold!

  • Gordon_Gekko

    Yeah, but when the hell will they stop calling it a bear market rally? 1500?

  • http://stainlesssteelchicken.blogspot.com/ StainlessSteelChicken

    I don't like XLF hanging around underneath this fib fan… it needs to bust a move and get above it or it's going to bring out the chicken in me…

    Speaking of which…

    http://www.youtube.com/watch?v=xy4FXhkm6Nw

  • bullethead

    Sometimes it's hard to keep things in proper context. Thes blogs are but a microcosm frequented by nutjobs such as myself (I won't speak for the rest of you clowns). Probably 8 out of 10 people think I am freakin nuts when I tell them this rally has been a gift for their buy and hold arse and they should start scaling out. I still think the airwaves are dominated by green shootistas

  • CowardlyLion

    Dollar is finally showing signs of life. Seems to be following strength in the treasuries.

  • ckeltner

    I am sure it will, GS is up strong again so it will drag the other financials along kicking and screaming

  • djgrind

    Cannot agree more with the folks from this blog…let's say the best is now to come for a change…then the market will pull back…:-(

  • JohnyWalker

    i could drag out 10 videos of people including buffet saying the bottom is in and the worst is over. Theres a ” reality ” tv show to suit all partipants view. I think we just happen to agree with this one.

  • Fujisan

    It looks like today's candle is going to be a doji.

  • annamall

    I feel like a doji today too Fuji-san :-)

  • IamSMRT

    FINANCIAL CRISIS HAS BEEN FIXED

    No one who reads this blog makes any money following Tim's advice. The charts are worthless. They are quality charts rendered by a sophisticated software, but they are worthless with regards to making money ( and isn't that the whole point of the stock market)? Long lines, shade in,s trends, all crapolla.

    dow 14000 soon according to experts

    http://www.screencast.com/apps/news?pid=20601087&sid=ajgUp7xQIn6c&refer=home

  • IamSMRT

    FINANCIAL CRISIS HAS BEEN FIXED

    No one who reads this blog makes any money following Tim's advice. The charts are worthless. They are quality charts rendered by a sophisticated software, but they are worthless with regards to making money ( and isn't that the whole point of the stock market)? Long lines, shade in,s trends, all crapolla.

    dow 14000 soon according to experts

    http://www.screencast.com/apps/news?pid=20601087&sid=ajgUp7xQIn6c&refer=home

  • IamSMRT

    FINANCIAL CRISIS HAS BEEN FIXED

    No one who reads this blog makes any money following Tim's advice. The charts are worthless. They are quality charts rendered by a sophisticated software, but they are worthless with regards to making money ( and isn't that the whole point of the stock market)? Long lines, shade in,s trends, all crapolla.

    dow 14000 soon according to experts

    http://www.screencast.com/apps/news?pid=20601087&sid=ajgUp7xQIn6c&refer=home

  • Fujisan

    Anna – I hope you get rid of this guy.

  • IamSMRT

    FINANCIAL CRISIS HAS BEEN FIXED

    No one who reads this blog makes any money following Tim's advice. The charts are worthless. They are quality charts rendered by a sophisticated software, but they are worthless with regards to making money ( and isn't that the whole point of the stock market)? Long lines, shade in,s trends, all crapolla.

    dow 14000 soon according to experts

    http://www.screencast.com/apps/news?pid=20601087&sid=ajgUp7xQIn6c&refer=home

  • mrclam

    and the trolls are back!

  • IamSMRT

    ha ha so funny fell over laughing

    YOUTUBE.COM/rgrg5444

  • IamSMRT

    ha ha so funny fell over laughing

    YOUTUBE.COM/rgrg5444

  • BigHouse(Aka Mr Vix)

    piss off

  • IamSMRT

    ha ha so funny fell over laughing

    YOUTUBE.COM/rgrg5444

  • annamall

    He is being nuked as we speak, what a duffas!

  • lester

    SMRT cannot even get the name right. This is not Tim's blog

  • annamall

    Read his comment below that I helped the idiot write! LOL

  • Iguanadon

    Same guy doing it on SOH as well I believe.

  • http://stainlesssteelchicken.blogspot.com/ StainlessSteelChicken

    LOL, he finally speaks the truth!

  • Fujisan

    Thanks Anna! There is one more toll's comment at the bottom.

  • standard_and_poor

    Placed order to buy PCX at 10.30 gtc. Thanks Alphahorn.

  • Douala

    Just a FYI…

    http://www.raymondjames.com/inv_strat.htm

    Nevertheless, last week felt like a trend change to me with the S&P 500 (equal weighted) losing more than 8%, the Russell 2000 surrendering some 7%, and the D-J Transports shedding nearly 9%. Moreover, Thursday was a 90% Downside Day. As the Lowryโ€™s service notes, โ€œA likely key factor in determining the extent of a market pullback in the weeks ahead would be the occurrence of additional 90% Down Days. Thus far, in the rally since mid March, 90% Down Days have been isolated events, quickly followed by a renewed uptrend. However, a series of 90% Down Days could indicate the sort of sustained, heavy selling consistent with a deeper and more sustained market set back.โ€ And, as the always insightful Helene Meisler writes, โ€œKeep your eyes on the Russell 2000 since it is the only index that has rallied back to the underside (or just about) of its broken channel line. A failure here would confirm my view that weโ€™re in the midst of a correction.โ€

  • Fujisan

    I love it!

  • annamall

    Heh heh that's what he is!

  • molecool

    Hey, where were you? Still sick? Hope you're getting better over there.

    I looked at the Dollar this morning and it pretty much ruined my appetite for going short Gold. Thanks for your input though.

  • Exiled

    For those who are bullish on gold, NG looks ready to break out.

  • annamall

    I know! LOL

  • molecool

    At least they are posting (hint hint).

  • BalaB

    Does anything work anymore?
    Disqus, our computers (anna, Keirsten, me, etc), my watch, my broker, data feed…..sheesh!

    This is becoming an exercise in futility.

    I just left the fourth message for my broker to contact me with a complete description of the issue. Not a word in response.

  • molecool

    You also have been promoted as a moderator. You now have a little menu on the bottom of each comment next to the Reply link.

  • mrclam

    I hear ya. I'm in a long /NQ from 1390 right now with a tight stop, thinking about shorting towards eod, but will keep tight stops

  • http://tradingsigns.blogspot.com/ T. Waffle

    Short NQ @ 1399.50

  • molecool

    Don't talk with your mouth full ๐Ÿ˜‰

  • Royal With Cheese

    Message for Annamall :

    http://www.screencast.com/t/gds7DIN4

  • Fujisan

    Thanks, Mole, I'm getting better.

  • geckoman

    I have had 915 on the SPX drawn as my line in the sand for closing shorts and that's the game plan I am sticking with. We touched it today and back down and is trying at it again here. If we break above which looks like a good chance it will I will move to the sidelines and let the bulls have their fun.

  • http://spnakr007.blogspot.com/ Steve

    Yes, good clip from last Friday…

    Richard Suttmeier has a blog.. http://www.equitiesmagazine.com/blog/blogs/inde

  • funkypenguin

    When they stop doing that, that's when to aggressively get short.

    Despite how ridiculous this rally this, I'm starting to root for it to push higher. Shake out all the bears (bear capitulation) and get dumb money confidence to the extreme. That's a great time to go short.

  • Fujisan

    Oh, I see. That's nice to know. With me and Anna, we could get rid of all the tolls!

  • annamall

    oh my I am sorry Big House, that was my bad, fixing it right now!

  • rhae

    I seen little interest, other than short term to play Gold… Might get back into precious metals on a pullback to 750… for a posistion play. I just can't keep up with you fast option/futures trading guys.

  • standard_and_poor

    Let's nuke them all, just leave Lester, BS, and Katzo. I don't mind being nuked either, serves me right for going long.

  • lester

    First bumper sticker post today since it is lunch slowdown. I was reminded of this when I realize I bought Q Puts yesterday:

    “Out of my mind. Back in five minutes”

    or try this – “There are 3 kinds of people: those who can count and those who can't”

  • annamall

    I joined you TW! :-)

  • http://www.aggressivelyuninformed.com nepharis

    Get rid of all the tolls? Excellent, I hate having to pay everything time I make a comment.

    ๐Ÿ˜›

  • lester

    I have been short the Qs since the 13th. Maybe I'll be right someday…

  • annamall

    I agree Bala very frustrating. I am going to go work out in the next hour or so, and just say “the heck with it”

  • anotherone

    I've been studying the rule book (Elliot Wave Principle) and think I know enough to have an opinion. So I'll put it out there for you guys to take shots at.

    The big picture is that we've been correcting since Cycle V ended in 2000. The first corrective wave down, Cycle a, ended in 2002. The reaction wave, Cycle b, peaked out Oct of 2007. We're now completing the final corrective wave down, Cycle c. So far, Cycle c has developed as a 5 wave and we completed Intermediate {1} at the low of 666 in March for a drop of 911. We're now working on Intermediate {2}, which is a counter-trend corrective wave, in this case a bullish wave. The question is, how far will {2} retrace before {3} starts?

    As Mole has said (http://evilspeculator.com/?p=7135), we've not been in {2} for long enough to be looking for {3} to start. And we've only retraced a little more than the 23.6% Fib retracement. So the odds are that we'll see more upside for the rest of the summer. A possible target is the 38% level at 1013.

    The problem we have, is that we're too smart (and good looking :)). We look at the state of the economy in general, market internals, the condition of the big banks and we KNOW that the market has to tank. That's why we're bears. But, the general public only sees that the market has crashed and staged a remarkable comeback and they just want to get back to the party and they don't want to miss out on a move up, so they buy. The big boys playing their games use that sentiment to push the tape higher than it has any reason to go and the cumulative affect is an Intermediate corrective wave {2} that squeezes us bears because our greed makes us jump in early so we don't miss the big crash.

    With all that in mind, my gameplan is to not try to profit from the short-term bearish moves for the next couple of months. Instead, I'm going to try to scale into positions that will turn a profit as {2} completes. As we approach 1000, shorten my timeframes on the bullish positions while starting to build a mega bearish position.

  • Royal With Cheese

    Yo, TW! When are going to make a new video ?? .. I miss your Indian accent mate !!
    ๐Ÿ˜‰

  • Osso

    There are so many negative divergences..that I dont know which to include 1st…..intra indexes I refer.

  • Osso

    Many negative divergences intra indexes…not to mention IWM red…..

  • http://tradingsigns.blogspot.com/ T. Waffle

    Good call. ๐Ÿ˜‰

  • BalaB

    We're you able to get another computer?

  • Osso

    Qs 34.48 high of May 12th. was missed by 0.01……coincidence..????

  • rhae

    I list the DOW stocks by weight… IBM at the top and about the only thing holding it up at this time,,, most others look shakey…. sure some look ok but they are not heavyweights…

    bears would like IBM busted

  • MyLifeMyTrade

    Why 10.30?

  • http://tradingsigns.blogspot.com/ T. Waffle

    My blog is fucked big time. No one is able to post comment i need to fix that till then I will be posting my view here. http://www.acetraders.net/

    Cheers!!

  • rhae

    like it when those third tier stocks go red…. I am leaning bearish

  • tranchefoot

    Heads up. UNG just sold off to its 50d sma. Could be a great opportunity to go long for those who missed the recent move.

  • isaiah64v4

    Mole…. I have seen you quote Bill Cara in the past so you must respect his read on the market. Why not read here what he says about gold. To me it looks like you chance to short it is only a short time away.
    See my post of Cara's thoughts here

    http://evilspeculator.com/?p=7496#comment-9531418

    and note the post above it.

  • Keirsten

    I've been short Nat Gas since last week-not sure if I'm ready to cover it here. The EOD price will make my choice methinks. There's a gap down in the mid 13s that looks pretty tasty.

  • rhae

    SPY 10m 2X toppy? think it needs to bust 91.25 tho

  • MyLifeMyTrade

    Falling wedge on SPY – http://www.screencast.com/users/mylifemytrade/f

    The lower boundary of the channel gets tested at a minimum… I say we get back into channel by EOD

  • arak0

    Mo-lester,

    Did Ben give you TARP capital to play with?

  • eunsuh

    dollar overdue for a bounce. I'd be careful here, but then again, UNG really hasn't followed the dollar as closely as crude.

    http://stockcharts.com/h-sc/ui?s=UDN&p=30&yr=0&

  • bergs

    we have completed primary 1 and are now in primary 2, not intermediate. Otherwise you are dead on.

  • Squidman

    After 2 weeks of morning messages of TOS Charts are down blah, blah I think they owe us a friggin explanation. I'm so tired of the constant “Tom Sossonoff will be blah blah blah with frickety jick and his brother at 3PM EDT”. It's just bad. And I'm tired of playing broker roulette also.

  • amgrant

    I'm looking to re enter long (exited last long position on recent pop up) but not quite ready to pull the trigger just yet.

  • BalaB

    Tell me about it!

    I'm giving TOS til the EOD of day to respond (to my 4 inquiries) otherwise I transferring the remainder of my accounts somewhere else.

  • tranchefoot

    just went long a few CHK July calls.

  • http://snpmonster.blogspot.com/ SnPMonster

    Some kids are playing with the VIX, ADX reading says not to trade. Waiting…Waiting….

  • MyLifeMyTrade

    http://www.screencast.com/users/mylifemytrade/f… rip of the wedge – might be jumping ahead of myself though

  • MyLifeMyTrade

    I am long UNG via Jul calls in my IRA

  • tranchefoot

    I keep watching the dollar, but, you know, with currency traders watching equities and equity traders watching currencies, we could get some vicious positive feedback loops in either direction.

  • funkypenguin

    Dear SEC,

    We need a downtick rule to protect us bears. Buyers should not be permitted to buy unless there is a down tick.

    Seems quite appropriate right now

    :<)

  • stxinon

    *************** FREE TRADES on triple ETF pairs… ***********************
    Nice rodents of evil.

    Cunning people at direxion has launched a 4 ETFs they are all triple.
    TYD, TYO, TMF, TMV… These are all triple 10 and 30yr T-bonds etfs….

    from example of FAS and FAZ as a pair…
    which started at 50 + 50 = 100 $ and now it is at 14.94 $

    by basic fine print of these ETF a pair of these shall only loose value in long term….
    So please feel free to short a pair…

    Do modest trades as in between fluxes can wipe your margin…
    So keep it small and sweet…

    Basically short all 4 of them in moderation and only trade on short side….
    Never long this… as Tim what happens to you when you long FAZ….

    Best of luck and enjoy.

  • molecool

    Hey, I sign that petition :-)

  • lester

    triple top on the Qs today. These are usuallly violated. Where is that form letter to apply for TARP $$

  • Squidman

    Concise thinking that I agree with. The psych term is cognitive dissonance for what we experience and it is one of the hardest to overcome. Our behaviors have to be dissonant with our thoughts and knowledge. Plato's allegory of the cave always comes to my mind. Most see the shadows on the cave wall from the dancers, but we see the dancers, and some see that we are in a cave.

  • tranchefoot

    good pt. there doesn't seem to be much of a bid off of the 50d…

  • annamall

    Still waiting for HP to give me an answer on mine.

  • annamall

    LOL

  • richnyc

    Something I found yesterday in my RSS reader… by Paul Tudor Jones… and so true:

    http://www.michaelcovel.com/2009/05/18/paul-tud

  • callie

    Just got back from dinner (7.30 pm here in Amsterdam) and watched the clip. Feeling mighty cheerful. LOL. My dinnerpartner and I have come to the conclusion that:
    (1) There are no more bulls and bears only MMโ€™s.
    (2) This bearmarket-rally is completely artificially driven, and superbly choreographed by porsche driving sociopaths, with cheap money donated by the taxpayers, courtesy of the Fed/US government, who will let โ€˜m keep their profits but bail โ€˜m out when their excessive risktaking goes wrong.
    (3) All this green shoots-spin is total crap. The german economy, just to mention one example, contracted 5% the last 3 months, if it goes on GDP will contract 20% in 2009.
    But:
    (4) Thereโ€™s gotta be a bubble somewhere, otherwise our dear MMโ€™s wonโ€™t make money. We can analyse the hell out of everything but this market wonโ€™t go down untill itโ€™s in their advantage.
    (5) Iโ€™ve now been officially been diagnosed as suffering from overinformation/overanalysing-disorder and chartporn-addiction.
    So:
    (6) Itโ€™s time to take a break.

  • http://www.gamingthemarket.com/ gamingthemarket

    Potential swing shorts forming. A look at SPY QQQQ GS POT charts: http://www.gamingthemarket.com/market-club

  • http://stainlesssteelchicken.blogspot.com/ StainlessSteelChicken

    +1

  • Keirsten

    It could try to reclaim that 50 D before EOD though- I've just got enough in the green to be patient, but will probably cover before inventory report on Thursday. I hate to be in either oil or gas before those reports- too risky.

  • annamall

    USD another ugly day.

  • Count_de_Monee

    I'm watching the girl next door sunbathe by the pool, it's a hell of a lot more interesting than this market.
    If the bikini top comes off then it's a sure sign we get a selloff into the close.
    I'll keep you posted…

  • BalaB

    Just tried something new: Saw a high probability level of resistance (both a trend line and very high RL)….instead of going short, I went long up and through it to capture the quick short squeeze. Worth a quick 4 NQ pts.

    FYI: There's some noise about the bond market…..trying to sort it out

  • molecool

    Best comment in a long time.

    1+

  • v8muscle

    Big time Selling on Strength on the indexes…. SPY leading the selloff, closely followed by Tech

    http://online.wsj.com/mdc/public/page/2_3022-mf

  • Iguanadon

    Thank goodness, there's a name for the mental disorder I have!!!!

  • annamall

    I agree! +1

  • BalaB

    Oye…..sigh…sorry Anna….If you're anywhere as computer illiterate as me, you're probably having a really bad day.

  • anotherone

    Oops. Had it on my chart right but read it wrong. Thanks.

  • Keirsten

    How's it going with the 15/60 skew?

  • eunsuh

    get us a pic…OK? Don't be greedy. We'll take anything to spice up this tortuous day of BS.

  • Osso

    If GS cannot go over 144.98…….this rally is over. In fact 144.56 should be resistance…even with todays high of 144.86.

  • Keirsten

    I keep wondering how long they can let this continue before the Chinese start rattling their cages again….

  • LostIllini

    Mole I agree… I'm torn between the bulls pushing this up on vapors vs. The Bears pushing this down with Vapors and the Bulls just waiting for the Stoch's to reset before jamming this up again.

  • molecool

    I would hate having to jack up the Zero sub but I might have to. —–>

  • BalaB

    Very well, thank you. ๐Ÿ˜‰

    Much, much better

  • Squidman

    kay, 2 more wall charts

  • Count_de_Monee

    Ok rats,
    I've had enough of these shenanigans. Now Cramer keeps saying ad nauseum that the train has left the station, funds can't wait to get invested, we're going to the moon, etc, etc
    This has got be a sure sign we're topping out. And he claims anyone that's selling here is stupid and there's a media conspiracy to only paint a bleak picture of the economy.
    Now there's some intelligent discourse one can't argue with. Somebody please go to CNBC studios and kick him in the nuts for me (I'm too far away).

  • Keirsten

    So true Osso- and if they do manage to jack it up and over, it's looking at that 160 area.

  • anthem

    /NQ leading and GOOG is taking off. Hopefully NQ won't drag S&P too far along with it, but something to keep in mind here.

  • LostIllini

    Wow, thanks for pointing that out I could really use a seminar on the topic of trading!!!!

  • Keirsten

    ๐Ÿ˜‰

  • Autopsias

    Is it me with my typical foggy martian eyes or a nice divergence is forming on the Zero?

  • Osso

    Long SDS 57.18

  • standard_and_poor

    Has to prove itself, cup and handle formation mate.

  • NinjaPenguin

    Right behind you…

  • itsgold

    'm looking at the indicators, hourly RSI is screaming overbought at this point. Anyone going short here?

  • eunsuh

    I'm sitting tight on my shorts. The EUR/USD looks to be making a double top. The USD is at the bottom of a bullish wedge. And the bullsh$t from CNBS is at the point where I'm ready to throw the TV out the window. We may get a bump up, but we are heading down here shortly.

  • Keirsten

    Breadth looks sickly to me, and the VWAP is flattening out…

  • Osso

    144.56 is an old high made in 2008….

  • mrBIGgmd

    Anyone notice that the VIX has breached the lower BB? Remember what happened last time…We had a rare down day.

    http://evilspeculator.com/?p=6971

  • Keirsten

    Cramer is full of it. The volume tells the story here- the institutions aren't participating.

  • alphahorn

    we have waves ii (almost finished) iii, iv and v left of this wave 5 up

  • rhae

    watching the SPY 10m sticks… they have been trying 3 times to bust out the top.. ( with avengence, without much luck…

    So, a 3 mountain top possible… really a longer term pattern but I would take it…. of course toss in a nice big black cloud for confirmation..

    all I can do is watch to see how patterns develope

  • http://snpmonster.blogspot.com/ SnPMonster

    There are still some gems out there, but you gotta look hard….For example AMZN…..

    I recommend this stock for daytrading tomorrow..

  • Osso

    Also watching HUI if it gets to 358.61…the May 13th. high.

  • MyLifeMyTrade

    Is yours one of those expensive TVs.. Call me before you throw it out.. I will be outside to catch it :-)

  • MyLifeMyTrade

    long or short AMZN

  • CowardlyLion

    Well, there have been a lot of Cramer signs indicative of a top in the last 8 weeks that haven't come thru.

    But on the subject of funds buying in, http://tinyurl.com/oxs4gw

    Not so much.

  • Keirsten

    Indeed Osso. And if you draw a TL from the swing high in Dec. on up, that almost perfectly matches that high from Sept. Nice point of resistance right here. ๐Ÿ˜‰

  • http://snpmonster.blogspot.com/ SnPMonster

    Bias is long, but if you are afraid that this is a wave B…..Then don;t hold overnight

  • Osso

    not if we dont breach 916.

  • tranchefoot

    good call!

  • Count_de_Monee

    OK, since it's a slow day and Mole wants the post count up a bit, I'll repost something I wrote yesterday in response to Katzo's lament to get a discussion going. Only BS was kind enough to chime in even though I think the debate is an interesting one for the current times.

    “I know. I agree with you and am curious what others think. Is TA really useless like many investors seem to believe?
    I mean, sure it may work in a “normal” market, but when you have this drain of liquidity and overt government intervention? I thought of an analogy for the more tech oriented rats. Imagine the market is like one big network of computers, and GS and a few others have administrator accounts while we retail only have guest privileges. To top it all off, the government controls the kernel (kind of like the brain of the operating system) so it pretty much can have the network do whatever it wants, regardless of us little nodes. So TA kind of becomes useless in this analogy as the hubs control the network and they're fully backed by the operating system. In this scenario, the charts will paint whatever they decide, thus rendering them obsolete.”

  • eunsuh

    its a crappy 12 inch with a video player. I have nothing nice in my general area of trading.

  • rhae

    SPY 10m, this is the 3 mountain pattern I am watching…
    http://screencast.com/t/8Ih0hX7F

  • LostIllini

    Too late it's been screaming short me for a good long while now….and oddly I keep taking it up the ass more than a wannabe Hollywood actress (or actor they're funny that way out there)

  • annamall

    I know, let's hope it's soon sistah.

  • Osso

    IYT lagging……IWM lagging……SPX did not breach 916…..We may still be in a correction ….as we several times made….

  • annamall

    I know he lies with that stupid goofy look on his face. Did you ever see the Jon Stewart show, where John took Cramer and chewed him up and spit him out with all his lies. It was great!

  • anthem

    woohoo, GS is inching closer to that red line.. . C'mon just a bit more. . . .

  • itsgold

    going to take a gamble and hold my puts until the end of the day. After looking at today's chart, it's obviously a consolidation day. Lots of choppiness – up and down in a channel. Look at the 1 minute chart on the SPY for reference.

  • Osso

    LDK,STP…on fire into earnings……on thursday..

  • tranchefoot

    well, yeah. this is an historical market. In the future, you will be calibrating your models to what happened in this market. Data determine the model, not the other way around.

  • annamall

    I see that Anthem. It's time for that bitch to fall!

  • Osso

    Qs failure at 14.74…..

  • innatedc

    Stepped out and bought the wife the new Wii Active she's been pining for…..see nothing is happening (except my AZO call still working it baby)…making one of my famous sandwiches…anyone want one?;)

  • katzo7

    OK, I am back.
    I am looking at the day SPX chart, all indicator are screaming to me that this sucker is going to explode higher, maybe 4-800 points. A huge move. Unprecedented. Rocket out of control!
    OK, how to play this?
    HOW TO PLAY THIS-SHORT THE FUCK OUT OF THIS MARKET. ROTFLMAO

    This is a joke everyone.

  • Count_de_Monee

    True, but his uber bullishness has gotten to ridiculous levels lately, calling sellers stupid, blaming bad news on stupid media, saying anyone who doesn't share his view doesn't get it, banks are a great buy right here, etc, etc.

    It just seems we've hit an extreme on the Cramer-I'm-Cuckoo-for-Cocoa-Puffs indicator.

  • DoubleNaughtSpy

    The problem is that there is no UPS/surge protector (control of the FED) installed in this scenario and when the power (FED) fails, the whole system is going to power down.

  • GoCougs

    Osso, what do you mean $14.74? Seems like $34.50 is currently the battle line for the day.

  • 1981er

    Re: UNG

    I saw a comment earlier about buying UNG. Anyone know if the following is true (taken from TF)?

    “1.) UNG is a publicly traded partnership and you will receive a K-1, meaning you will pay taxes on your share of their revenue. Typically these types of funds will pay distributions, so no big deal right? This fund for some reason does not pay distributions, so you basically will pay taxes on 1256 contract income while not receiving a penny… in addition to any ordinary cap gains taxes that you will be required to pay.”

  • katzo7

    Only if rocky mountain oysters off of this bear!

  • Count_de_Monee

    One of the greatest moments in TV history! Too bad he learned nothing from it (apparently joe six pack didn't learn his lesson either).

  • BigIslandLife

    BalaB & Anna, follow you folks and others here great traders, much to learn .It seems you have forgot we are in Mercury retrograde and everything goes haywire and backwards, this will end at the end of month, be patient and try to avoid the stress it is in the stars, as far as TOS I have been with ameritrade for years and there takeover of TOS is going to ruin the platform, I won't even use a ameritrade platform just there free streaming data on Quote tracker and going to try Ninja now they added AMTD. Avoid those computer repair and other broken things for a week and watch how easily they resolve after the 30th, never believed in this stuff but enough smacks in the face and you start to believe, look how many have posted about order entry errors disqus issues etc and this crazy tape you just got to blame it on something so I blame Mecury Retrograde google it and you will freak at the descriptions and how things are actually happening, answer have a toke and relax Aloha

  • Iguanadon

    Oh, I thought Cramer had taken over your ID there for a minute.

  • Osso

    typo..corrected…sorry….

  • eunsuh

    time to fall maybe. SPY may form a new channel, but before we go up, we must go down. (quote – Otis Elevators)

    http://stockcharts.com/h-sc/ui?s=SPY&p=15&yr=0&

  • Squidman

    Count, I've been trading only full time since July of last year. I would really like to make it a year as successful, but I have to say that lately I've not been making the TA work like I was. All I can say is that a number of very experienced traders I know quit this market and keep telling me they would not know how to trade it. So I've got to ask myself, what the fuck am I doing here? I'll let you know when I have an answer. For now I stubbornly persist in believing it or I will start working again.

  • salvadorveiga

    I don't know if you guys know this site, but they're very good.

    Although they use economic analysis they've been pretty much right, calling crash in October/september back in January 2008.

    http://www.leap2020.eu/GEAB-N-35-is-available!-

    In old issues they were calling for a UK and USA default somewhere during the summer…

    They make an analogy to the Matrix, much like the movie this will be “Crisis Reloaded”

  • innatedc

    So what does mother mercury say about the S&P for the next 2 weeks….

  • Fujisan

    I'm sooooo tempted to go short right here, right now. But Qs is alredy at 78.6% retracement level, it might as well go up all the way to last Thurs high.

  • springheel_jack

    Well, 4 to 800 points higher is a big range. If it goes up then I think it will end up in there somewhere. lol

    Joking apart this looks like a sideways consolidation day resetting overbought stochastics. I'm leaning towards a break up from here up to 930.

  • Osso

    will add more SDS on any mkt. push up…….

  • standard_and_poor

    Mercury retrograde, I'll research.

  • Keirsten

    Yes. They mail the statement of distribution to you in Jan. in the next tax year.

  • katzo7

    Shouldn't mercury retrograde be breaking the market? I'd like that right now.

  • Count_de_Monee

    I think it may be time to send in a code red worm to take down the network. (note to self: send all gs emails a virus that would trigger nothing but massive sell orders at a pre-detrmined time)

    muahahahahahahahahahaha!

  • Osso

    yes….and they say TA with so much intervention is a no go….currently…

  • innatedc

    Yes I see a double bottom on the 60min…..RSI and CCI turning up…keeping an eye…

  • Keirsten

    Hope you're feeling better Fuji. Didn't get a chance to tell you what a wonderful post you did on Friday night too btw. :-)

  • http://www.aggressivelyuninformed.com nepharis

    Anyone do much with /TF? I've been playing with it off and on — scapled a couple points today for some small coin. Going flat into the close again.

  • Fujisan

    I kind of believe what you say. There were a couple of times that I was trading FX right in the middle of a major combust day (at night) and all the FX platforms went down, including TOS and FXCM, and I personally had to call in the help desk in order to execute the trade. The tapes were totally out of control.

  • Count_de_Monee

    Sal,

    Didn't we already go over this this morning? I guess you must have partied pretty hard on your birthday, you lucky bastard.

  • Fujisan

    Thanks, K. You are so kind!

  • eunsuh

    who's “they”? maybe so for the short-term (1-min through 15 min charts). But I've had few problems making judgements using the 30-min or 1-hr charts.

  • tranchefoot

    is there room for one more in the kleptocracy? please please please …

  • innatedc

    Silver having a nice day…..my little offshore silver vault giving me smiles today…….

  • annamall

    GS in red finally maybe that will be a telling tale for the day, but to be honest with you all, being in this market right now is just plain too hard. (for me it's being a masochist) and that's a roll I don't enjoy.

  • Keirsten

    I loved watching him give him the beotch slap. LOL I'd like to do it myself!

  • Count_de_Monee

    I figured you'd be more the sadistic type. You can spank me as long as you make it up to me afterwards ๐Ÿ˜‰

  • innatedc

    Ewww!!! Holding myself back on that comment, Anna but I know Katzo is watching from the big satellite in the sky……;)

  • GoCougs

    Took my lumps and sold the GS vertical this morning, should have waited, but it appeared to have too much strength on the TARP repayment application news.

  • ZigZag

    Our buddy is sticking with the DOW down for the week. The manipulation is interesting to watch..Irrational market movement can't last. :-)

    The VIX hourly is almost ready…
    http://tinyurl.com/qcpkf6

  • GoCougs

    QQQQ's appear to be in an ascending wedge since last Thursday looking at the 15 min chart. Looks like they have a little more room to run, but this usually portends a failure of the trend?

  • wex

    He's really Larry Kudlow. Katzo is an alias

  • katzo7

    Who will laugh at my jokes then S&P?

  • BalaB

    I think today is like the first time I ever used a 1min chart was profitable. hehehehe

  • amgrant

    Wow, what a surprise…rally into the close.

  • katzo7

    I will let this one ride (double entendre?). I want free stay in the castle this summer.

  • lester

    Qs ripping higher and SPY more or less flat. WTF? I just tried to rip one and I do not even have a butthole left. Sorry to be so rude.

  • annamall

    :-) oh yea a big Morals Violation he would say!

  • C.C. Rider
  • annamall

    Yea Coug that one hurt. They couldn't upgrade themselves so they upgrade BAC.

  • Count_de_Monee

    It's good to be the Count.

  • Keirsten

    ST trend on Qs is up, SPY is a different story unless they close it green today. Rule of thumb is two days for a S/T trend change. SPY technically is ST down until EOD.

  • lester

    figures….I bought Puts on the Qs instead of SPY. Every time I think Qs are rolling over they keep pushing higher….this is insane

  • katzo7

    CC, I know there is some hidden message in your selection here about the market you are trying to broadcast. Where are going, up or down?
    Love Clapton.

  • Anonymous

    Gs staff just went on break

  • amgrant

    Like I said, wow what a surprise…rally into close. This is becoming way too predictable.

  • ZigZag

    Hourly QQQQ chart looks like a top here. Just eyeballing a measured move out of the channel..

    http://tinyurl.com/oxkxws

  • Osso

    added SDS…57.04

  • salvadorveiga

    Geee… I really though this felt like deja vu… LOOOL

    Sorry guys ๐Ÿ˜€

  • lester

    I wish this were true but I just dont fucking believe it ….

  • katzo7

    To me, this now looks terribly stretched right now. No joke.

  • Osso

    Bot QID….36.04

  • http://snpmonster.blogspot.com/ SnPMonster

    If the Qs rally today, I suspect the transports could rally later. Can't remember the sequence

  • katzo7

    Mole, that reminds my of my bumper sticker-
    My drinking has a bowling problem.
    ALSO
    Saw this one.
    AHH, COME ON. LET PLUTO BE A PLANET.

  • annamall

    ya think? LOL

  • alphahorn

    Osso i can't make up my mind if this is wave 4 consolidating waiting for one more push up in 5 or if it's an ending diagonal on 5. thoughts anyone???

  • annamall

    Yea it was Count! He looked like a deer in the headlights. (cause he was caught flatfooted)

  • lester

    try this:
    Beauty is in the eye of the beer holder.

  • mrclam

    sweet, new HOD on /NQ. Now I'm wishing I'd stayed long.

  • lester

    I swear every time I look at my QQQQ chart. No shit. This is fucking ridiculous. There, got it out of my system. I was “hoping” we would have a down May like May 2006.

  • GoCougs

    Shit…QQQQ's next stop $35.30? This is nuts

  • tranchefoot

    Is this also true with options on UNG? Sorry, I'm too lazy to look it up…

  • zenith191

    If it's predictable perhaps we should be profiting from it ? ๐Ÿ˜‰

  • ropey

    This is SPAARTTAAAAAAAAAAAAAAA!

  • Osso

    added QID….35.89

  • tranchefoot

    Cramer is to pump-ad-dump what Madoff is to ponzi schemes.

  • lester

    well said. see my recent post.

  • katzo7

    This is what I found just today from Anna. I could go back and find reams of this kind of questionable talk.
    “Still waiting for HP to give me an answer on mine” Who is this guy HP Anna? Need a second opinion?
    “is just plain too hard”
    OK, what are we going to do with her?
    Sound of Music?

  • katzo7

    LOL

  • ropey

    Don't forget HPQ after the close…will probably move the Qs in a reasonably big way.

  • ropey

    GS aint playing ball, can see a pullback to 140 if this continues…..wish it'd fill that bloody gap at 135 but dont think that'll wash until the upper gaps on s&p have filled…..hope i'm wrong lol..

    What a mental day..

  • ropey

    VIX rapidly approaching the 200ma ~26-27…..should at least get a bounce there!

  • ZigZag

    Shorting JPM..

  • Osso

    short GDX 39.21

  • MyLifeMyTrade

    We could be there by tomorrow morning open

  • LostIllini

    Okay Bulls Got me for three handles….Let's see what the Bears have. This is my best guess for the rest of the week. Now if only Uncle Buck would show up we could have a huuuuuuge party.

    http://www.screencast.com/users/lostillini/fold

  • MyLifeMyTrade

    Financials have been sleeping all day just like they were lagging for most part yesterday and then got a power boost going into close… If the same happens today, then expect the bears to get their ass handed to them…

  • annamall

    BigIsland (loe that name, wish right now I was on one with a tall cold drink):-)
    I believe that the planets have something to do with this Nothing is working for me right now, My laptop broke after 1 year 7 days, my cats are all fighting, my trading book sucks.
    I usually am so right on, that I am having a hard time believing all this!

    QUESTION when does this fucking Mercury get back in it's place?? LOL

  • Smeagol

    German firm plans gold ATMs: http://in.reuters.com/article/fundsNews/idINLJ4

  • MyLifeMyTrade

    If recent history of tech results is any indication, expect a big move up AH which should get faded overnight.

  • annamall

    and the Dow, it's a dow component.

  • rhae

    only if Saturn, Pluto and the Moon get into the act, it not it's up Uranus

  • MyLifeMyTrade

    With the volume running so light, I am sure that in a big percentage of trades that goldman does, they end up buying or selling to a division of their own… C'mon 10% of trades involves goldman… What are the odds that it is goldman boys at both the ends of that trade… 10% x 10% = 1%.. So here we are … height of stupidity… in 1% of all trades taking places, chances are that goldman is buying and selling to itself… nice job

  • annamall

    You are one sick ticket rotflmbo! ๐Ÿ˜€ Look @ the 3 tubs on CNBC, makes me sick, I am going to the gym. this is absolutely ludicrous and I have had it. Mole seems to be suspiciously absent. He must be out chasing Mountain Lions. :-)

  • OllyVaradi

    Intraday range on the Dow is way too small. I can see the MM's parking the Dow 60-70pts down unless they squeeze a bit more downside and pop it up to the rally highs for the close.

    Looks more like a close at the HoD though.

  • annamall

    That's exactly right! They upgraded BAC yesterday because they can't upgrade themselves, and by doing that their stock goes up in empathy. Bastards.

  • http://snpmonster.blogspot.com/ SnPMonster

    Come to think of it, I think you guys don't necessary have to open your shorts so early….Better to wait till it rolls over with conviction.

  • katzo7

    You are going to miss all of the action! Want another “hunk” pic? LOL

  • rhae

    I have tried almost everything I could think of to make the SPY go down.
    My last bullet today, set the SPY 10m regression channel to fib 34

    I really don't know, it just goes down when it goes down

    http://screencast.com/t/EvBYotjA

  • annamall

    By the way this is for you Hewlett Packard, you crummy POS company that makes crappy pc's that break right after the warranty, I hope you stock crumbles after hours.

  • OllyVaradi

    So in reality, volume is even lower than is registered because completing its own magic trade loop. Bastards, complete shithouses.

  • LostIllini

    Playing a longer term swing. Last leg up went to 930ish, this one went to 915(?), I'm expecting the weekly trend to start acting like the 800lb gorilla it is and squash this “rally” starting 9:30 am tomorrow. We finish red this week (at least that's what the big picture trend is telling me).

  • http://snpmonster.blogspot.com/ SnPMonster

    You must remember that nowadays big funds buy the stocks….we are just small fish….Unlike those days when traders trade stocks instead of options.

  • DoubleNaughtSpy

    Watch out HPQ…….”hell hath no fury like a woman scorned”. {:-0

  • geckoman

    Frickin SPX sitting right at 915. DO I close or sit tight with shorts? Move off 915!!!!

    I'll be flipping a quarter it appears. Very time tested way to do it.

  • MyLifeMyTrade

    Folks, myself included have been saying that no sort of TA is working… Look at the charts for IWM (top right) and QQQQ (top left) in the grid below

    http://www.screencast.com/users/mylifemytrade/f

    Both of them have sported a near perfect 23.6% fib retracement before starting to move up… IMO, there is lot more upside to come and that move down last week is all the correction we get…

  • Keirsten

    I just looked at JCI- are you kidding ME??!??? Did you bail on that one?

  • http://stainlesssteelchicken.blogspot.com/ StainlessSteelChicken

    OK, and cue the fireworks…….. now! OK, readyyyyyyyy, NOW! OK, do somethiiiiing…….. NOW!!!

  • MyLifeMyTrade

    IMO the quick move down is to gather fuel for a jam up into close

  • katzo7

    That looks like a decisive long hard going down candle on the 3 min.

  • springheel_jack

    I'd like to see the SPX rise to the 200 day SMA tomorrow at just over 930 and close near it. That should put the Dow over 8574.65, and unless the transports have a really amazing day, and provided that equities turn back down from there, that will provide a very nice Dow Theory Sell Signal.
    With a smallish rally to the close, that could happen today as the Dow is currently at 8513.
    SPX daily stochastics suggest an up day tomorrow, but should reach the overbought line if we do have one. That would provide a nice technical level to short from.
    If we clear 950 though, I'm turning bull for a while. Thin pickings on the bear side recently.

  • http://snpmonster.blogspot.com/ SnPMonster

    It is working, just that it is correcting any overbought conditions by going sideways.

    FOMC, Month End Window Dressing dear…

  • LostIllini

    probably more right than wrong…it's been doing that a lot lately. False move at 3:30-3:40, real move into close. But who knows? maybe today is different.

  • annamall

    No I figured buy on rumor sell on news. But *(*&^)O_ LOL. I am flat on it right now. Crap, like I said nothing in my life is working right now, lets hope my hot date for Thursday is not going to cancel (Is Mercury fucking back in it's place by then?) :-)

  • springheel_jack

    The last correction and this one have both done minimal retracements. There may be a lot more upside coming.
    Just because the market is a dead man walking doesn't mean it will stop walking soon.

  • annamall

    Hi Double Naughty! LOL you can be sure of that! I put a Sicilian curse on them!

  • Osso

    Shakespeare used Apple….

  • amgrant

    No chance in hell. We need an entire 180 degree mood swing to change this market.

  • Osso

    pc or notebook….???????.I have 2 HP Compaq 8710p with Windows XP…..for multimonitor tasks.

  • annamall

    If HPQ sells off AH, then the Dow and NQ should be lower tomorrow. I did a june 36/33 vertical put spread on them for earnings damn it. LOL

  • Osso

    Dont desesperate……pls…..!!!!!!!

  • lester

    If this is the best the bears can do …. then here comes 1200

  • Osso

    I like you…..angry…..!!!!!

  • zenith191

    Totally unrelated to anything but this is crazy. Two brand new no-name banks were built near my house last year. One a block to the east and one a block to the west. Just last week they both turned into Wells Fargo banks. Now why the hell do we need two WFC banks within two blocks of each other? And how do they have the money? It's getting to be like Starbucks. /rant off

  • katzo7

    Look at 60 min. SPX, stochs and especially MACD. Timing is exactly right for a roll over here. Don't kknow how far down it goes, but MACD will close.

  • Osso

    wish i would know what those Vertical Put Spreads are…..I am ignorant ….have to learn that……

  • annamall

    ๐Ÿ˜€ I call it passion!

  • Osso

    Dow red…is something to consider…….for us bearsitos….

  • LostIllini

    Lester what you should be saying is “Is this the best the bulls can do?”, They haven't breached 930 and this is their turn, ie leg up wait for the next leg it should be down and hopefully will take out 880.

  • Keirsten

    yep, we get a red close on SPX and ST is technically still down. I can't look…. LOL

  • Count_de_Monee

    “For the record I am short but barely”

    That's OK, you can always wear platform shoes like Monsieur Sarkozy.

  • Count_de_Monee

    The market will close red because my neighboor took off her top.
    This indicator never fails…

  • Keirsten

    No. I don't think it's done for a few weeks. :-( I rarely trade between end of April and Sept- shoulda/coulda stuck to my rule methinks. Not worth the aggravation. Remind me next year ok? LOL

  • BigIslandLife

    I think it is the 30 th started on the seventh, have seen your recent post and it fits the season perfect here is a link for you, next quarter watch and see although the alignments where really important this time.
    I will have that cold one later morning here still Aloha

    http://www.astrologycom.com/mercret.html

    http://www.skyscript.co.uk/merc_ret.html

  • annamall

    I bought a June 36 put option on HPQ and sold a 33 to offset the debit. I paid 108.00 for it with a possible return of 2.88. (not too bad)

    They do build garbage. This is the 2nd one that went (motherboard) 1 year or less.

  • lester

    I was just trying some reverse logic on the damn MM like they read this. I am short the Qs big time (for me)

  • katzo7

    Agree with Lost, lester look at 60 min. MACD on SPX. That will now start to cross. How far down is the big ?

  • rhae

    SPY 10m reg channel fib 34 verticle line…result… Honest Injun, I did not move the line…

    http://screencast.com/t/l9Af9Hn0

  • katzo7

    Just hold. you see the mortie chart I posted this morn? The trannies?

  • lester

    SPY even right now

  • Osso

    That POS of GS is retreating like a rat….

  • lester

    I am holding, and yes that post was very interesting, and encourageing to a bear

  • katzo7

    Yes, yes, yes (about the market). COul you provide a screencast pic of the indicators?

  • lester

    I just typed POS into Stockcharts and it says that no symbol exists

  • annamall

    Here is a screenshot of My vertical put spread on HP
    http://screencast.com/t/v6qDYocxz

  • amgrant

    I'll give you points for your 'red' call, but taking back 0.5 points for the 'big red' call. Net/Net you are still up +0.5! ๐Ÿ˜‰

  • BigIslandLife

    If the chart says fall it will probably rally and vice versus it all goes backwards and crazy,posted a couple of links for Anna check it out, look at this close we where breaking above 915 normally that would get some action but not now, watch the vix play havoc next back to mid 30's by eom probably.
    On a personal note Katzo7 you are a great trader to follow and your humor is top shelf

  • annamall

    Awesome! That POS

  • annamall

    LOL that was funny Lester! I am glad I stayed short! yea.

  • ZigZag

    Die JPM Die!

  • lester

    somehow all I saw was the word spread

  • http://stainlesssteelchicken.blogspot.com/ StainlessSteelChicken

    Damn, I guess all I had to do was to give the cue. Sorry guys, I should have done this sooner.

  • Earl of Subway

    Good call !!

  • unibummer

    Tomorrow tell her to drop her drawers and let's see what happens

  • LostIllini

    Worst finish ever (to quote comic book guy)

    http://www.youtube.com/watch?v=WtKbJ0cVvC0

  • lester

    yea back at you. Keep your shorts on. I am.

  • rhae

    and VTI total markets…

    http://screencast.com/t/llEr4bn3

  • ropey

    Unbelievable i sold at the last pullback on the hit of the EMA thinkin they were going to ramm it back up – ropey 0 GS 3 dammit

  • Keirsten

    We've still got the NYSI below the 5 DMA. As long as we stay that way, I'm staying short and scalping longs for the duration. Reminds me a lot of what we saw back in Jan.

  • annamall

    I also sold more /es @ 908. Short /nq from 1404.
    Let's see what that pos HPQ has to say.

  • Osso

    hehehehehhe….GS closes at LOD…..!!!! on the 2nd attempt to 144.57 it failed miserably……only made 144.51.
    It will be shortable on bounces.

  • amgrant

    If you thought yesterday's SPY volume was low check out today's: 196M.

  • Osso

    there she is tanking……!!!!!!!!!nice

  • Keirsten

    Look at it in AH. Weeeeeee. BTW Osso- glad to have you over here posting. ๐Ÿ˜‰

  • lester

    HPQ down 3% AH

  • rhae

    Sheesh what a day… but at least enough for Pizza and Beer

  • rhae

    I usually flip to here right after market close… wanna see who is screwing who….

    http://www.marketwatch.com/tools/stockresearch/

  • Osso

    HPQ down to 34.89

  • molecool

    Let's hope the drapes match the carpet.

  • ZigZag

    It worked..At least for today :-)

    I added some possible measured moves down within the channel..
    http://tinyurl.com/ry36dm

  • annamall

    i have my tight ones on! ๐Ÿ˜€

  • annamall

    It's there Lester.

  • annamall

    Yes, that look sweet! So glad I put that spread on sistah!

  • Osso

    Whenever you have a minute…let me know where can I learn abt these options you trade, as I am ignorant and should learn to trade them ….tks……

  • annamall

    That was a good call, almost didn't do it.

  • Count_de_Monee

    Anything for my fellow rats.

    http://www.screencast.com/t/t7VcT1Co

  • GoCougs

    F*ck HPQ…F them in their stupid faces. :)

  • annamall

    whoo hoo! and that means Dow and NQ will be down tomorrow. :-)

  • Count_de_Monee

    Pictures please!
    I just shared one down below so now it's my turn to receive.

  • annamall

    I think they will be under 34.00 tomorrow, but listen to Maria B on CNBC cheerleading the company. Makes me sick to see them ass kiss.

  • katzo7

    Where is GS now?

  • annamall

    LOL Count!

  • annamall

    141.05 AH

  • katzo7

    Ohhh damn. That is delightfully disgusting.

    I see no MORALS VIO here, this is tastefully done.

  • annamall

    Hi Osso, Glad your over here now btw. :-) I actually went to seminars for years (8 altogether) @ Optionetics. Check out their website http://www.optionetics.com and see if they have a free seminar (so you can get a feel) in your area.

  • lester

    OMG cannot believe my computer at work did not block that

  • Count_de_Monee

    You're still young. Give it time and your kinkyness will kick in.

  • Count_de_Monee

    That's because I'm an elite uber h@x0r and I know sneeky evil ways of bypassing the censors.

  • Count_de_Monee

    Attaboy Katzo, now we're talking.
    It's not porn, it's erotic art.

  • ropey

    <- mega-pissed at GS…I'll whip myself to sleep tonight as punishment for being such a pussy and bailing for a loss

  • unibummer

    Damn, I like your neighborhood. Bet the housing market is holding up in your neck of the woods.

  • usulcount

    jytytyy

  • usulcount

    ROFL..wow I coudn't stop laughing

    http://youtube.com/67768g555rg4

  • usulcount

    ROFL..wow I coudn't stop laughing

    http://youtube.com/67768g555rg4

  • usulcount

    ROFL..wow I coudn't stop laughing

    http://youtube.com/67768g555rg4

  • usulcount

    ROFL..wow I coudn't stop laughing

    http://youtube.com/67768g555rg4

  • usulcount

    Stomping out the green shoots…

    http://screencast.com/we455rg555?ggrg4

    m not an economist (obviously). The low # was good because less starts will let them work

    off the oversupply/overhang of the existing inventory, which many believe is understated

    because the banks are not fully reporting the foreclosure situation. This all depends on if

    someone will actually buy a house, because prices have not stopped going down. If this #

    came out 3-4 years ago maybe things would be a little different today.

  • usulcount

    Stomping out the green shoots…

    http://screencast.com/we455rg555?ggrg4

    m not an economist (obviously). The low # was good because less starts will let them work

    off the oversupply/overhang of the existing inventory, which many believe is understated

    because the banks are not fully reporting the foreclosure situation. This all depends on if

    someone will actually buy a house, because prices have not stopped going down. If this #

    came out 3-4 years ago maybe things would be a little different today.

  • annamall

    I knew it had to retrace soon, but don't be so hard on yourself. this market is the worst I have ever tried to trade. :-)

  • usulcount

    Stomping out the green shoots…

    http://screencast.com/we455rg555?ggrg4

    m not an economist (obviously). The low # was good because less starts will let them work

    off the oversupply/overhang of the existing inventory, which many believe is understated

    because the banks are not fully reporting the foreclosure situation. This all depends on if

    someone will actually buy a house, because prices have not stopped going down. If this #

    came out 3-4 years ago maybe things would be a little different today.

  • usulcount

    Stomping out the green shoots…

    http://screencast.com/we455rg555?ggrg4

    m not an economist (obviously). The low # was good because less starts will let them work

    off the oversupply/overhang of the existing inventory, which many believe is understated

    because the banks are not fully reporting the foreclosure situation. This all depends on if

    someone will actually buy a house, because prices have not stopped going down. If this #

    came out 3-4 years ago maybe things would be a little different today.

  • annamall

    LOL, now do we have another Count below?

  • katzo7

    No, that is definitely not porn. I am the morals coach and I know porn when I see it. and that is not it.
    Any more/?
    LOAOROTF

  • annamall

    Thanki Bala, I am not mechanically inclined @ all :-) They still haven't sent out the overnight box. it's so frustrating and this laptop is much slower.

  • ZigZag

    Sounds good Keirsten, I'm doing the same. Interesting that the 5 DMA cross was right at our friends date and he's still saying the DOW will be lower for the week. I couldn't take it anymore and went ahead and bought a subscription to his site a while back. :-)

  • katzo7

    Thnx BigIslandLife. That makes me feel good.

  • annamall

    thanks Big Island! I know it must be that, it doesn't happen often, but when it does mercury is always in Retrograde. (no coincidences)
    i will read the link thanks, and cheers I am drinking a glass of red vino now! :-)

  • annamall

    I guess we all more alike than different right? I feel like if I were in a bar having a glass of (red of course) wine, you and the others would be the one's I would be talking/hanging out with! :-)

  • Osso

    tks…..wishing to learn from all ,too……..Cant get into those super sophisticated options the ladies so wonderfully master here…….really fascinating when compared with my simple longs/shorts…..take care and good trading….will follow up on GS..

  • Osso

    Tks……but I am quite far away for a personal seminar. Will try something online maybe.

  • maya

    hi Zig how are you what friend are you talking about abd subscription?
    thank you

  • Osso

    yes…much better…… my spanish mother tongue is responsible for this innacuracy…!!!!!

  • MyLifeMyTrade

    Smart dude … one shouldn't view cnbc on anything worth more than 10 bucks.. I used to watch the live feed in ToS software and one day got worried that I might kick my laptop..

    ________________________________

  • katzo7

    ACTUALLY THAT WAS A JOKE AND MY INDICATORS ARE ALL TURNING DOWN. That is the
    good news. The bad news is that they have been really screwy lately, no
    follow through.

  • standard_and_poor

    Think of it this way: numerically your loyal audience will remain the same but converted to a captive audience with less
    interuptions (you know market chatter).ย  How nice for you and your comedy troupe, huh?ย 

    ________________________________

  • ZigZag

    Hi Maya,

    http://www.enterprisecorruption.com/

    Red arrows are his sell off prediction dates..
    http://tinyurl.com/qtpq86

  • lester

    Sweet, I got some new wallpaper now

  • katzo7

    Well, i dunno S&P, sounds good in theory but it is like charting these past days. When theory outstrips practie, look out.

  • springheel_jack

    Hi katzo7,

    Yes I know. I was joking too.

    My indicators all indicate short-term trouble ahead, tailing off badly in
    the medium-term & culminating in disaster further down the line.

    Looking at the futures, it looks like my Dow Theory Sell Signal might well
    be triggered today. I think it would be invalidated if the Transports
    confirm within a few days though, so if we see the S&P hit 950, I suspect
    that the sell signal will be toast.
    By that stage I suspect it will be time to turn bull for a bit in any case
    for the next upleg in this delusional rally.

    2009/5/20 Disqus <>

  • springheel_jack

    Hi katzo7,

    Yes I know. I was joking too.

    My indicators all indicate short-term trouble ahead, tailing off badly in
    the medium-term & culminating in disaster further down the line.

    Looking at the futures, it looks like my Dow Theory Sell Signal might well
    be triggered today. I think it would be invalidated if the Transports
    confirm within a few days though, so if we see the S&P hit 950, I suspect
    that the sell signal will be toast.
    By that stage I suspect it will be time to turn bull for a bit in any case
    for the next upleg in this delusional rally.

    2009/5/20 Disqus <>

  • springheel_jack

    Hi katzo7,

    Yes I know. I was joking too.

    My indicators all indicate short-term trouble ahead, tailing off badly in
    the medium-term & culminating in disaster further down the line.

    Looking at the futures, it looks like my Dow Theory Sell Signal might well
    be triggered today. I think it would be invalidated if the Transports
    confirm within a few days though, so if we see the S&P hit 950, I suspect
    that the sell signal will be toast.
    By that stage I suspect it will be time to turn bull for a bit in any case
    for the next upleg in this delusional rally.

    2009/5/20 Disqus <>