Weekly Poll: Will Buyers Knocked Out By Expiration Put Up A Fight?

SPY Next Week?

  • Bullish

    Votes: 11 27.5%

  • Flat

    Votes: 6 15.0%

  • Bearish

    Votes: 19 47.5%

  • I prefer to keep my opinion to myself

    Votes: 4 10.0%
  • Total voters
    40
  • Poll closed .
Quote from tradingjournals:

DX: do you mean the dollar index or some stock symbol? At the close today, for tomorrow, I favored going long overnight while shorting option premium (weekly expiration is tomorrow). How are people in here position for tomorrow? I would love to see a gap up tomorrow.
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nice call!

if we get another one-way day i will declare this market officially insane
 
07-21-10 08:13 AM

Quote from tradingjournals:

What are the chances that we will re-hearing later this week about your comments related to SPY and its nth visits to 110?


Quote from shortie:
after today's morning, i don't expect 110 revisit for several days. the bears from yesterday got squeezed in the morning session. then we dropped without any buyers in sight. i guess this price action demonstrates that there are no real buyers above 108.
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LOL! we are revisiting 110 again! i am totally out of sync with this market
 
i am sticking with my alert for now. if there is a piece of news about to break that may invalidate my highly intuitive signal.
 
There was a pop on the open and then flat from there .
If that was a short covering rally and we're at resistance around 110 then i should go short at the close. Plus volume is not high.
 
Quote from shortie:

nice call!

if we get another one-way day i will declare this market officially insane
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Thanks! Should I give to signal sellers the results of my magic ball for royalties? :)
 
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