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The market has a tremendous amount of pent up demand and an urge to breakout to the upside. There is a tremendous amount of good news that's occurred over the last two weeks that has not priced in or properly reacted to, largely because of Dubai but more generally because of lingering fear...

I'm long the ES from 1060, holding some SPY 108 puts as a hedge. Going to take a beating today....we'll see. I dont expect it to go on for long. This news will very quickly be overshadowed by Black Friday results. Now, if Black Friday results are worse than expected on top of this whole...

Excellent day to sell some options

good point

maybe not so overdone in the in the UK due to bank exposure there. we'll see...maybe i'm wrong, but i suspect this will be seen as a buying opportunity in the US and we'll close tomorrow on the ES above current levels. I doubt this is the first shot across the bow...maybe in Q1 or Q2 2010...

The selloff is overdone because there is very little liquidity. You have a situation where people are bailing because of risk, but because the market is closed and there is little liquidity, it is driving down the price quickly. Probably a good opportunity to pick up a few ES contracts for a...

Hey folks, A few questions about getting a tax accountant. This year I have about 1500 trades across equities, options, and futures...have decided I am probably better off using an accountant as opposed to trying to muddle through myself. I have a couple of questions related: -...

surely you are kidding

I am expecting 1150 in a heartbeat. And I am going to profit wildly if that happens. All signs point to yes.

I approve of this thread

simple...having the ability to wield power and punish people indiscriminately.

Dunno, gold might go to 1500. Of course, it might not. I wouldn't buy it. But i also wouldn't short it.

I'll be honest with you, this thread has gotten very boring. Watching you guys play grab-ass is a lot less interesting than the topic we started on. Oh well...

Interesting...I trade something similar on the Russell1000 The last 6 months have had by far fewer short signals than any other period in the last 10 years. Over the 10 year period its about 50/50, but not a single short signal since May. We'll see...clearly sentiment has changed - at...

trend lend, schmend lines. i'll be a believer in down when 1k on the S&P breaks (i may even get nervous at 1020)

One doesn't go short in a market that only goes up. Eventually it will go down, but not until it does. And until it does, it's only going to keep going up.

I learned the hard way this last week that a bear put spread is not an effective way to hedge equity swing trades. I think it would be perfect for longer term trades, but as someone said earlier, swing trades don't give the spread enough time to widen out. Switching over to use straight...

I would normally expect a relatively new bull market to continue for 2 years+...at this point I am thinking resumption of bear market within 3 - 6 months The macroeconomic picture seems to be developing negatively. Of course, its long and strong until proven otherwise ... i get that.

When the market turned in march, I was initially skeptical. But i joined the bull trend by March 15th. Mostly expected a bear market rally. When the bounce kept going, i stuck with it but was undecided on whether it be true bull or bear. When the market recovered from the july selloff...

my put spread took a beating...stupid trade. all the rest of my trades are system based...i should probably stick with that. i tend to be too contrarian when discretionary.