Any news? Market just spiked up a lot.

Quote from Cocaine:

This was the catalyst, how often do you see someone sweep the book with a decently large buy mkt order then bid the plus with 2k+ shares and doesnt walk (especially in a quiet market prior)? I dont know why he came in at this time, only that this event started the rally. Maybe he bought more after that? Or maybe others jumped in and carried the mkt higher. who knows, all I can say is this started the rally, plain and simple.

My job is not to ask why but to see whats happening, understand the circumstances and make profitable trades. As you know OC, its about spotting clues and making good trades.
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I bet it was MLB trading to take the heat off its steroid investigation.
 
again, makes no difference who it was, just that it happened :)

Quote from optioncoach:

I bet it was MLB trading to take the heat off its steroid investigation.
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Shhhhhh.... :D

Quote from Cocaine:

This was the catalyst, how often do you see someone sweep the book with a decently large buy mkt order then bid the plus with 2k+ ES lots and doesnt walk (especially in a quiet market prior)? I dont know why he came in at this time, only that this event started the rally. Maybe he bought more after that? Or maybe others jumped in and carried the mkt higher. who knows, all I can say is this started the rally, plain and simple.
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Quote from optioncoach:

That does not explain it really, just shows the volume that came in to move it higher. Still begs the question why at 12:00 PM would size come in to move it like that except to simply drag some sheep and then kill it down after lunch.

Here is my bold statement... fade this rally as we find 1338 again on ES before the close.
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so far so good...
 
youtube is great isnt it, so much good free music :D

Quote from Samadhi:

Just stating what you say. Be it obvious to the pro in hindsight.:cool:

BTW,Cocaine good renditions by Clapton at Harrisons tribute on You tube. No slow hand there.
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