ES Journal Archive (2009 - 2010)

[jason586]

Quote from jason586:

Short 915.50

Out 914.50 - Continuing to make slow progress. Gone most the day but made a little before and after hours.

 

[ammo]

http://www.optionpain.com/MaxPain/Max-Pain.php anyone remember where this was on fri or mon

 

[ammo]

Quote from riskymove:

wow - that is very interesting - I have never seen that - I used OI a ton but the graphic and ease of use there is pretty impressive - now if only I knew if their data were accurate!

Thanks for sharing that ammo! I am using it to check out the SPYs. http://www.optionpain.com/MaxPain/Max-Pain.php

risk, do u remember where spy pain was at that time

 

[riskymove]

Quote from ammo:

risk, do u remember where spy pain was at that time

Max pain on SPYs was in 87 - 89 levels - doubtful we get there today...

 

[satchel]

1461S NQ

 

[Lawrence Chan]

Quote from riskymove:

I have noticed the same thing on a slightly different level. Every instance over the past three months when it appears the market is getting set to fall apart one key sector gets a huge bid - be it tech, energy or financials. Yesterday it was tech - today it was financials - maybe tomorrow it's energy. But its a rotation over and over that keeps the breakdown from occurring.

I don't know how much longer it can last but it seems like the current bid is losing steam. They aren't getting as much punch for their all day buying mojo at the end of the day as they used to. Sooner or later someone has to bail. Is is going to be the longs or the shorts? That I don't know - but I am betting on the shorts. The fundies are on their side. The monthly chart looks like a giant relief rally that could be tapped out. And the massive amount of treasury auctions next week could be just the spark to zap this.

That's on my radar too as I use breadth on sectors as well.

From past experience, you can have a single sector carrying a move for a week or so and then things would snap back to normal.

Not this time. Not yet. =)

 

[Lawrence Chan]

Quote from ASusilovic:

RenTec´s factor model is also "irritated"...

MM bots are surely affected.

It seems like someone is targeting them in real-time with unlimited firepower doing all these price ladder runs on the underlyings too.

It used to be the MM bots that run over the unaware pop firm traders.

Now, both the MM bots AND pop firm traders got run over. =)

 

[pocketmoney]

short 920

Nice movie ealier, Sal. Im gonna make my own one

Oscar is bullish again today.
Good luck - Off out for a while.

 

[jason586]

Short 920.50

 

[startraitor]

short 21.25, stop 24