ES Journal - 2013

[Trader.Fighter]

Quote from Trader.Fighter:

Long ES (full size) @ 4:03PM EST, swing position.

Holding til at least wednesday open, tuesday is 100% hold day and so is its overnight.

Will update on Wed.

 

[horton]

Quote from horton:

Of course the Dominant Concern underlying the Structure is the Syria situation but now we are dragging that out with posturing and innuendo so I don't see that getting resolved by Tuesday. Nevertheless if the Syria situation materially changes for the better then you have reconsider the Liquidity Context.

If the Syria situation is off the Ask in the 60m Interval for now and you step up to the Daily to consider the Context you have to be mindful of JPY 99 Failed Offer. JPY 100 Touched would force me to reconsider my expectation for SPX 1625 Touched with VIX > 18 this week.

 

[drownpruf]

Quote from horton:

If the Syria situation is off the Ask in the 60m Interval for now and you step up to the Daily to consider the Context you have to be mindful of JPY 99 Failed Offer. JPY 100 Touched would force me to reconsider my expectation for SPX 1625 Touched with VIX > 18 this week.

Well gl if you're short.

 

[horton]

Quote from drownpruf:

Well gl if you're short.

No. I am still long one third of a GDX position having scaled out of GC already so I guess you could call that a bearish posture. JPY 100 Touched will be problematic but I will hold for entry, GC 1350 Failed Bid, GDX 35 Touched, or late September.

 

[ammo]

still have tapering and budget ceiling to deal with,was on the table before syria sopa opera, this could be a quick pop to make the 401k's pay the top

 

[ammo]

spx weekly, what used to take a week is getting there in an hour, a day or 2,volatility

 

[ammo]

previous was wrong chart, spx weekly

 

[satchel]

Quote from drownpruf:

Enjoy next week's rally, boys.

 

[startraitor]

Short at 1648 for the day, stop 1655.

 

[CahaTrader]

Quote from ammo:

still have tapering and budget ceiling to deal with,was on the table before syria sopa opera, this could be a quick pop to make the 401k's pay the top

IMO, tapering is a non-issue. No one expects QE till end of 2014. Everyone expects it. Everyone is already positioned. Debt ceiling will be a speed bump. Markets are more and more muted to debt talks post-011'.