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Covered ES Long @ 77.50 (MOC) Cumulative P/L: -15 (Five trades)

Must feel good to get filled to the tick at the LOD, be sure to send your broker a thank you note for that gift. :p Nice call...

Never underestimate the ability of the Fed to manipulate the market. When I saw today's reports I was thinking the same thing. Ongoing economic weakness is a perfect rationalization for QE3, and we have all seen how the market moves when the Fed does...

Home Sales and Philly Fed both missed. Let's see what they wanna do now... :confused:

Long ES @ 1381.25 Stop @ 71.25, Target @ 91.25 Not looking like a good day for being long, unless there are some surprises at 10:00. :cool:

And here is how the "mainstream media" is viewing the number: http://economywatch.msnbc.msn.com/_news/2012/04/19/11284368-jobless-claims-data-raise-worries-about-economy

In case you're wondering what moved the market this morning: http://www.zerohedge.com/news/inital-claims-soar-again-ninth-consecutive-miss-expectations-row-bls-back-propaganda-school :eek:

Looks like the bad Unemployment number really put a damper on that overnight rally. From 90 to 77 in four hours, quite a swing. Hope you swing shorts managed to stay in your positions despite that big spike up, market appears headed for a bumpy day today. Three reports at 10:00 should...

Nothing wrong with a good pissing contest. After all it's how we elect our government here in the US. :D I think your offer is a reasonable one Chay, but doubt that you will get a response. The Buddhists say that "All unhappiness comes from attachment." That can be attachment to people...

The best way to use CNBC is to fade whatever they are saying is the way to go...that is a strategy in itself.

Sorry bud, just trying to shed some light on why your trade didn't work. And Obama doesn't need to know the difference, he has people like the Secret Service to point him in the right direction... ;) Oh, and apologies for misspelling "technical".

Interesting to note that in the Summer of '07 he stated that he was invested in real estate and various other instruments that were devastated by the "Great Recession". Maybe he was one of those "flippers" who got stuck "holding the bag" when it all came crashing down, and couldn't bear the...

I had one of those "blowup days" last week going long in a big down move, not using stops, and averaging in just to put the icing on the cake. I found myself waking up the following morning in full-blown panic (not just anxiety) attack at three a.m. saying "wtf did I do today?" It was if there...

http://www.bizjournals.com/boston/blog/bottom_line/2012/04/bofa-punked-by-fake-website.html I would NEVER expect a banker to be honest like that, it was a dead giveaway. :D

Covered ES long @ 78.50 (MOC) -1.25 MFE was six points...easy come, easy go. :p Cumulative P/L: -11.25 (Four trades)

That is some excellent self-awareness there, and something most of us traders never seem to understand. Kudos to you on your new attitude... :)

Filled the gap to the tick...guess that's why they call it "smart money"!! Never ceases to amaze me...:p Looks like the day may end up right back where we started...crazy market.

Nice one...:cool:

There's the breakout and p/b, on anemic volume. Shorts will be squeezed into the close. "They" know where you are... :(

I think you missed the forest for the trees on this one. The remarks by Obama were describing long-term price manipulation, while you are trading a short time frame. Think about what today's report means from a supply/demand standpoint. An increase in surplus inventory means that currently...