ES Journal - 2013

[Mo06]

Russia reporting missiles heading East, has spooked the ftrs...

LONDON (MarketWatch) -- European stock markets turned lower and oil prices pared losses in midmorning action on Tuesday, after media reports said ballistic "objects" were launched from the Mediterranean Sea. The Russian defense ministry said two objects were fired toward the Eastern Mediterranean and detected on radar, according to Reuters, citing the Russian news agency RIA. The Stoxx Europe 600 index XX:SXXP -0.22% lost 0.3% to 302.06, after trading as high as 303.78 earlier in the day. October crude-oil futures CLV3 -0.50% briefly moved into positive territory, but traded 54 cents, or 0.5%, lower at 107.11 at the latest.

 

[ammo]

Quote from CahaTrader:

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'.

well if that dip reversal on fri was them getting long, the volume was light,and " no one expects" isn't what the bump in vol is saying,and speed bumps move the spu's 30 pts in a day,so i wouldn't get too comfortable in the saddle or an opinion. The btfd crowd has been of that opinion for so long that have become too comfortable. Not being open to a change in weather could be expensive. Posted opinions 50% of the time become bragging rights,but they come at a price. Let the market have all the bragging rights,it's always right.

 

[satchel]

chasing any break outs at 50.25

 

[ammo]

looking at that 51-52 in cash,if it holds as res then 39,chart from last nite, how long do they need to keep it here before 401k buys are exhausted edit trans 40 pts off opening high

 

[sellindexvol66]

Quote from ammo:

looking at that 51-52 in cash,if it holds as res then 39,chart from last nite, how long do they need to keep it here before 401k buys are exhausted edit trans 40 pts off opening high

ok ammo..i'm exhausted...have at it!!

 

[Trader.Fighter]

Looking to add to my winning position around low 40s, unsure of exact price as I will wait for price action.

Target on all positions past and present is SPX 1st gap fill.

Swing trading remarks.

 

[horton]

SPX 1650 Held Offer infers SPX 1640 to 1635 before 1000 CT.

 

[Trvlwanderer]

Quote from horton:

SPX 1650 Held Offer infers SPX 1640 to 1635 before 1000 CT.

And how do you infer this inference?

 

[horton]

Quote from Trvlwanderer:

And how do you infer this inference?

Price action and delta convey the held offer or held bid. The Scenario just follows from that. Yesterday's Settlement is not real. The real Settlement is from Friday.

 

[horton]

Quote from horton:

Price action and delta convey the held offer or held bid. The Scenario just follows from that. Yesterday's Settlement is not real. The real Settlement is from Friday.

But after 1000 CT Settlement is much less relevant.