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I can't believe this market is still going higher. In hindsight, it is starting to remind me of Oct/Nov/Dec '07, when credit problems started to appear and the market still rallied. The Fed doesn't have any room for additional cuts, inflation is running high (I still hate how the Fed doesn't...

I'm out of my trade at a 5 point profit this morning. Don't want to be holding into JPM earnings at this moment (although the risky side of me wants to).

Also, forgot to mention that we got that lovely CPI number coming out tomorrow morning (should be ugly!). Hold your shorts!

Interesting interesting. Didn't have any position on (wasn't trading today), but shorted 2 ES at 1344.00 and looking to hold overnight. Remember we got earnings from EBAY, JPM, WFC, SLM, KO, GILD, IBM, PJC (all very important) tomorrow, and on Thursday: AMD, CIT, ETFC, GOOG, HOG, KEY...

Consider going here: jamd.com Just search CME, CBOT, or NYMEX and you'll get a lot of press images (can't copy them however, but screenshots will get you them).

I added some put spreads on FSLR last week and might add more as it continues to consolidate up here.

Technically yes, but would the SPY lose its value in a day? This position was meant to be a week-long hold but for some reason I just went ahead and I sold it that day later for a $25 profit. I've been working more to hold positions on the ES. Have been aiming now for 4-8 tick ES profit.

The broker you're using probably uses a smart router that will route to the best price automatically. The exchange you route to doesn't matter unless you're taking in some type of index or exchange arbitrage that makes you get out of trades in less than a few seconds. I'd just route to...

I'm not surprised the Fed/PPT didn't come out and cut 25 basis points due to systemic risk of GE missing by 7 cents. :D

I put on a $270/$260 June 08 put spread on FSLR yesterday for a $4.40 debit. Looking for this to dump but don't want to take a risk in shorting when this thing can rocket $25 in a day.

So are double bottoms.

Triple Top completion forming on the daily INDU and somewhat on the SPX.

If only...If only

Could be a double top in the overnight ES at 1380. I'm holding short overnight.

It is my view that we're in a state of irrational exuberance, just like Greenspan stated in his 1996 speech. Assets, especially stocks, are still overvalued, despite the decline in the past 6 months. The credit crisis, although calmed a little bit, is still extremely bad and companies and...

Forming a double top, in my opinion. See attached chart. Anyone see anything familiar?

That isn't a bad idea. That one contract trade has a $20 paper profit right now, so I may move the puts up to the 112/114 bull put spread tomorrow. However, the 112/114 bull put spread would only bring in a $5 credit, not really helping the reward that much to sustain commissions and the...

Haven't made any new trades lately, but might be doing some directional trades tomorrow with the Jobs Report coming out.

I agree with you. There is too much optimism for the Dow to be at 12,600 and S&P at 1370. Tuesday's rally really meant nothing for me, as there was no underlying economical reason behind it, other than ISM slightly improving. With all the economic conditions (CPI high, credit conditions...

Most likely going lower tomorrow, in my opinion. However, I am not positioned to either side as if this breaks out (look at the daily chart) and there is a double top that the market is trying to break out of. This could form a triple top and head lower if we head higher during the night and...