ES Journal - 2013

[RichardRimes]

8/27

Quote from RichardRimes:

A 16 handle vix is not indicative of "panic " selling. Unless it doubles I'm still buying the dips. Without Syria market had a reasonable chance to go higher into Labor Day weekend.

Looking at the daily the SPX looks like it really wants to touch 50...took a breather at 38 and another at 45. I was long 2 ES at 50 and 33. Sold one at 43 and looking to short next weeks 50 but need a touch of 48 to do it.

cross currents are really strong..will tomorrow be quiet going into the weekend or will we actually take action in Syria and stir the pot?

 

[horton]

Quote from RichardRimes:

8/27


Looking at the daily the SPX looks like it really wants to touch 50...took a breather at 38 and another at 45. I was long 2 ES at 50 and 33. Sold one at 43 and looking to short next weeks 50 but need a touch of 48 to do it.

cross currents are really strong..will tomorrow be quiet going into the weekend or will we actually take action in Syria and stir the pot?

Agreed. And now they are trying to gun AAPL to get there. If that fails then SPX 1645 Held Bid will fall apart.

 

[volente_00]

Quote from ammo:

flattened at 27,(avg 64 5/16)too much posturing,too many countries involved,too many lives to be lost in sake of the ones gone in syria,banksters would rather keep cash in market ,war too expensive,looking for move back to 44

Now if I can just get you to swing both ways

 

[Trvlwanderer]

flat at 44.

may see an extension of this run to 47+ and a fll of the NAZ gap, possibly this afternoon.

May re-enter a breakdown of this run if we see a catalyst.

 

[Trvlwanderer]

Quote from horton:

Agreed. And now they are trying to gun AAPL to get there. If that fails then SPX 1645 Held Bid will fall apart.

You think they push aapl to effect the overall? AAPL broke it's massive res line over 12 days ago and it was also felt very oversold / undervalued.

 

[horton]

Quote from horton:

Agreed. And now they are trying to gun AAPL to get there. If that fails then SPX 1645 Held Bid will fall apart.

Typical algo TICK storm there that usually represents the last gasp...

 

[startraitor]

Expect the close closer to the low than the high today

 

[horton]

Quote from horton:

Typical algo TICK storm there that usually represents the last gasp...

And of course the AAPL pump and dump...

 

[Liverless]

ammo, how's the U/D vol looking? Trend day yet?
Thx.

 

[horton]

Quote from Trvlwanderer:

You think they push aapl to effect the overall? AAPL broke it's massive res line over 12 days ago and it was also felt very oversold / undervalued.

AAPL is the largest component of the NDX. The market maker algos use it to push things around a bit as they position the NDX and SPX for their next move with the order flow.

In this sequence they ran out of order flow to get the SPX to 1650. So they gunned AAPL to do one last piece of business at NDX 3110. Then immediately they gunned AAPL the other way to take the NDX to 3105. The logical scenario is that they are done filling orders at SPX 1645 for now and will try to take it back to the VWAP at SPX 1640 to fill the orders in that area. But let's see what happens at NDX 3105.

This stuff happens alot after the Europe Equity Close at 1030 CT and before the Europe Derivative Close at 1200 CT. I find that interval to be very tough.