Evening gents. Just got back and noticing some upward movement in the indexes. Looked for some news and found this snippet - my guess is it is what is contributing to the AH up move given the time corresponding with price action. Good trading.
CNBC reporter says that a Fed source who asked...
Shorting was difficult so I bought Jan 40 Puts Wednesday afternoon at 13.1 - sold em 17.5 yesterday morning. Can't short that kind of momentum so puts are way to go.
Re-exited March Euro emini 1.4575 from 1.4629, had covered yesterday at 1.4687 from 1.4757. I wish were big contract but I'll take the mini.
Exited Dec 10 yr bond 113'150 from 114'04.
Short YM now.
Apex, I had missed the entire first move but entered yesterday morning on the strength, using the March Euro emini contract. Not enough experience yet to use the large contract but can still play the game. Currently short March contract from 1.4757. No real target - trying to play a little...
Apex - great trade of the Euro short. I was short last week but was stopped out. Right call just bad timing. Nice job.
Odd today Gold lower, dollar higher, oil lower, but bonds still pricing in the flight to quality.
Long time reader here of this forum but have never posted. Up all night to view action after what happened today. Wanted to follow up on JSS post with NQ chart retracement of 25% August swing low to swing high almost touched in AH trading a couple of hours ago.
I think it's hard to look at it in black and white. I just passed Level 3 of the exam and am glad that it's over with and that I have taken it and should receive my charter soon. I think in the investment management world it's a clear sign that you at least have some kind of competence to say...
I opened my account at the end of June with IB. Took me 6 business days to get it open and I had just left a broker dealer as a trader - I couldn't believe it. I told them I was positive there were more people than just myself that had no income and were "traders" but that didn't seem to speed...
I have to agree with Spooz. The fed lowers the discount rate and lends the commercials more dough to go bail out the mortgage brokers and voila the hedgies that have had their butts handed to them over the past month are free and clear to lever up again.
The culmination was the...
-93 very light trading - 2 YM round trips left 2 open, mkt seems tepid imo and just would rather play defense - have 2 positions going into close that when marked to market made me negative on the day
Nice job Peabo, RedInk and MBA
The Securities and Exchange Commission filed civil fraud charges against Sentinel Management Group Inc., an investment adviser whose problems helped roil the markets last week, in a move that could rewrite the history of last week's market turmoil.
The SEC is also seeking a temporary...
Suck day for me - was caught short on the rate cut this morning and though I recovered some after I mentally broke down and could not execute. Should have stuck with my plan of not trading on expiration - I just cannot seem to do well on them.
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