The S&p Has Topped

[ammo]

Quote from S2007S:

1370 probably by tomorrow

forgot about 1370 the all time line on this chart when reduced is about 1366-68

 

[ammo]

reduced.. that same dotted blue line

 

[trefoil]

Quote from trefoil:

Yeah I got two out of three general type models flashing red now. One went last Friday, another one today. The last one will be by close tomorrow. Will be out of most longs by EOD tomorrow.
Not going short though. I'm not that crazy. What I'll do is buy me some VIX call spreads. Limited risk and reward, but that'll at least let me sleep at night if the models are all wet.

I wound up selling those call spreads.
Not pulling a Grand SuperDooper, just that the premium of the futures over spot was way high. I'm sure because of fear over the Greek stuff, but it still, when I looked at the front month history vs the spot, was the 2nd highest premium evah, well, at least since 2007 anyway. (Futures weren't scaled to the spot prior to this year, and I'm too lazy to do the simple division that it would take to scale it properly.)
Given that, it just seemed stupid to buy the spreads, so I sold em. Now all that has to happen is for Europe not to screw me over on this.

 

[S2007S]

MORE FREE MONEY...RISK FREE Stock market IS UP AGAIN, only this time you will have to wait until Tuesday till you can get that RISK free money.


S&P FUT
1368.40 8.70 +0.64%
DOW FUT
13005.00 76.00 +0.59%
NAS FUT
2596.50 14.50 +0.56%
OIL
104.82 1.58 +1.53%

 

[Petsamo]

Quote from S2007S:

MORE FREE MONEY...RISK FREE Stock market IS UP AGAIN, only this time you will have to wait until Tuesday till you can get that RISK free money.


S&P FUT
1368.40 8.70 +0.64%
DOW FUT
13005.00 76.00 +0.59%
NAS FUT
2596.50 14.50 +0.56%
OIL
104.82 1.58 +1.53%

You mean you're gonna go long Tuesday morning?

 

[Zr1Trader]

I shorted 2 separate times 1290-1300 area on Jan 12-15 and said I would only attempt to do that twice, which I did since I don't do position trading on longer time frames often. Both trades failed. Now that ES is 70 pts higher, Folding and leaving the table is sometimes a good feeling too.

 

[daniel5198]

Friday I shorted 10 SPX March 1410 calls from $3.2
I still think this is a low risk trade. And yes, I have seen where the futures trade today.
risk-control plan: I will close the trade if spot hits 1400

 

[Dkm1]

I'm buying spx puts on Tuesday...... stop at 1386.

 

[ammo]

Quote from ammo:

reduced.. that same dotted blue line

http://www.elitetrader.com/vb/attachment.php?s=&postid=3450043 just for fun to anyone curious about the all time lines,could be broken tomorrow but the high today in cash was 67

 

[highballs]

Has not topped but will not shoot the moon either.Pop above 13000 briefly make it look like a moon shot, then burn your azz