when was the last time we had this divergence?

[1a2b3cppp]

Quote from OTCkrak:

cool image of the dow components..

it looks like some are overbought and extended [MCD, T, DIS, CSCO, WMT]??, a few certainty have room but i think the move lower will be a market wide volatility event.

Did you make that pic by hand or do you have some program that automatically pulls all the stock charts and displays them like that?

 

[OTCkrak]

Quote from 1a2b3cppp:

Did you make that pic by hand or do you have some program that automatically pulls all the stock charts and displays them like that?

some top secret stuff, do you really expect me to share my trading edge here!?! hehe

you can input any ten symbols, but the "dow" views shows all 30

http:// stockcharts.com/scripts/php/candleglance.php?AA,AXP,BA,BAC,CAT,CSCO,CVX,DD,DIS,GE,HD,HPQ,IBM,INTC,JNJ,JPM,KFT,KO,MCD,MMM,MRK,MSFT,PFE,PG,T,TRV,UTX,VZ,WMT

 

[jalee25]

Quote from OTCkrak:

with expiration tomorrow, whats the psychology for pulling the market higher or lower?

Tomorrow's a big day - "Quadruple Witching" - A day on which contracts for stock index futures, stock index options, stock options and single stock futures (SSF) all expire.

 

[OTCkrak]

Quote from jalee25:

Tomorrow's a big day - "Quadruple Witching" - A day on which contracts for stock index futures, stock index options, stock options and single stock futures (SSF) all expire.

yes, i'm asking if anyone has commentary describing what the options look like that where traded during the feb move down and how they need to be pinned tomorrow.

did the premiums traded back in early feb predict the last 4 weeks? if that makes any sense_

 

[shortie]

Quote from OTCkrak:

with expiration tomorrow, whats the psychology for pulling the market higher or lower?

i think Expr is typically marked by a narrow range trading because the option folks are in control and simply are making small adjustments to their positions. occasionally, there could be a wild day. i presume this is when option folks lose control (maybe huge news, etc) and contribute to the volatility because they positions become out of whack as the market is making a large move.

 

[1a2b3cppp]

i didn't know that. Thanks!

 

[ammo]

Quote from OTCkrak:

with expiration tomorrow, whats the psychology for pulling the market higher or lower?

as u know from the es journal and vol's monthly exp posts,exp is heavily manipulated ,that is only possible thru a lot of magic or slight of hand so the audience doesnt catch on, ( You obviously by the title of this post,myself included), and pop on the exp opening, the psychology is to get everyone short with the 4 gaps since feb 5,1080-91,1112-15,1120-35 and 11150 -1157, then pop it fri morning making all the desired calls and puts optimally priced ,now we wait for the 2nd wammy which would be the fri close on the spy,if you get any of this please tell 1 how to profit from it .....answer to the opening question, sept

 

[AMT4SWA]

Quote from AMT4SWA:

Day after day when you see equities BUY programs firing off only as the dollar is dropping, well that should give you a great clue as to what is leading any intraday cash session rallies. Just keep watching that Dollar and equities BUY/SELL program activity......when you see equities pumping SELL programs with a flat or dropping Dollar then it will be a pattern change. BTW, as of today's trade action Commercials were holding about 20,000 contracts SHORT in the ES off the recent highs (moderate quantity....not a lot yet).

Also, June DAX contract is loading up with sellers, tonight once the DAX starts trading again I will be looking for sell set ups above the 6050 level. Hopefully it will open gapped up right out of the gate above that level......I will be tracking the DAX tonight for a longer term SHORT set up.

Dollar pop, market drop, and the DAX off the 6050's was a very nice SHORT today.

 

[canuckrookie]

Glad i went short just before 3:30