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Yes volume imperative - otherwise all big bad bears going to become mama bears...

I believe today will be pivotal in the more intermediate term. Either we close above 950 which will really create some panic in shorties or if we fail we may actually get a little worry (though doubt anything close to panic) in the bulls given the third instance.

60 min inverted hammer, shooting star - not perfect but on better volume across both M and U.

If they can pull the NDX and RUT up just a little more the daily's will all be in a position to roll over imo - UTIL TRAN INDU SPX NDX COMPQ and RUT. One more thing - this move above 950 could help the market makers do a little more neutralized cheap hedging at the 950 level heading into...

Thus far my call is obviously off but I will judge it as of the close.

Yes that was part of my thesis - and I can be wrong just as easily as correct. But the setup is perfect here - price wise everything leaning exactly same way and no one remotely worried about a selloff - from the PA and put call ratios at least.

Y 30 yr auction better than expected. And now treasuries rallying. If it the start of a reversal in treasuries could very easily be a reversal in equities. Negative correlation between bond prices and stocks has been extremely strong since March. And I agree this can easily be headfake -...

Defintiely been bullish since the open - I am just saying I believe the monkey wrench is coming today prior to the close. 30 yr bond auction could be a clue.

Going to go out on a limb here - the last hour buying spree will not occur today and will fail. And that will be the beginning. It's just too obvious anymore at this point and the market is way too complacent. Position: very short via puts - built in stops :)

Same - and agree most do show net - however some can be altered to show gross - however I don't know why anyone trading live would actually do that. Most sims only show gross b/c there is not commission involved on sim. I had thought same thing a week ago looking at the picture but decided not...

While it certainly could be tagged (and if it's going to happen or get anywhere close my guess it has to happen in next day or two), the open interest is immensely higher at lower strike levels. 800 is highest but completely improbable, followed by 900. There is decent OI at 1000 (talking SPX...

If anyone has the capacity (as a firm), I would pay to move my Series 7 so that I don't lose it. I left the firm I was with two years ago in July and as such, my license will expire end of month. I am not really sure what to do but I would rather not lose it and its worth some $ to me if I...

The 3 yr $35BB auction today could be the trick depending on how it goes - much larger dollar wise than the 10 and 30 year later this week.

Yes - the powers that be are really ignoring the currency moves today and no matter what bullies think that cannot happen for much longer given size of forex relative. I am liking the euro yen move today on daily for possible foretelling of larger term picture of equities. Just need it to get...

I wish you right but not if the end of day crowd has anything to do with it...

Massive selloff - 10 yr rates hit 3.9 on the NFP number this morning. Hopefully that can attract some buying interest asset allocation wise thinking maybe stocks rich to bonds. At the very least it should cause some serious issues for mortgage refis but the bullies will worry about that...

Nope bears totally screwed again. They need bonds to take off so the funds flows stop coming in.

Flaming dragon mouth? Maybe big mouth Billy Bass more appropriate! lol - jk - those BBs do look funny with all those colors!

923 close would give huge inverted hammer (shooting star) on the weekly chart.

After USD got hit on NFP number it has done a complete reversal and it now a good bit stronger - will be interesting if it takes oil with it - hasn't affected equity index yet. Great trade B1S2.