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add long spy 111.11 stop .50

when volatility increases you have to decrease position size and widen your stops. You can get killed with a small position with increased vol. Good trading. http://web.streetauthority.com/terms/w/welleswilder.asp

long spy 111.50 stop .50

not sure, lots of folks will be squirming if the market tanks in any real way. Systemic risk is defined as risk that can't be hedged away. You can read all you like here, this guy is very pessimistic but has some truly revealing articles. Just don't trade with too much bias as anything can...

Nikkei dumping hard http://www.bloomberg.com/apps/news?pid=20601087&sid=aHFB.zMMvINQ

just think if joe sixpack ever figured what was going on here, there would be some public lynchings. http://www.newyorkfed.org/markets/maidenlane.html

just the way the tape was moving, its been a while since I have seen that type of volatility. The tape looks scared.

That was a bomb from Obama, I would be very cautious here. If you take a long keep relatively tight stops. Good trading. :)

stopped this is crashing hard. :eek:

can they take out the low of the day?

long spy 112.28 stop .30

Goldman down $4.00, analysts estimates for earnings $5.20 actual earnings $8.20. This shit makes me laugh. "Goldman said Wednesday it earned $8.20 a share in the last three months of the year as fixed income, commodities and currency trading buoyed its profits for the third straight quarter...

GLD

flat 113.62

DOH!! have to agree, that's why so many blow out on futures, trading too hot casino style. :)

it is close as I scalp, think LOD.

long spy 113.26 no stop

who is we, trading group, prop firm, voices in your head, perfect gamma scalp from yesterday. :)

spx monthly chart showing v bottom. As an aside the 2 period average true range hit a peak in November 2008 of $296.66, the 2 period change in oct 87 was $71.95.

you may find this interesting, this guys theory is that depending on how the waves/cycles interact you get either a v top/ bottom or double top/bottom. remember way back that the double bottom did not hold and we broke 750 on the spuz, then reversed like magic off the dreaded 666 #, this was a v...