Copied and pasted headline from CNBC.
Current value of futures:
E-mini S&P 500 Jun 2009 +8.75 1.03%
Bank stress result madness ...
Blow off top or new bull market? You tell me !!!!
Fed meeting this afternoon. Its going to be a wild ride today.
EDIT: 3 posts this morning so don't miss the other 2
I'm guessing we're all sitting tight waiting for the fed annoucement?
ReplyDeleteyeap. Not doing anything. I am traveling Friday all day and have to run quite a few errands tomorrow. So I may not trade at all until next week. However if we do get a big rally here I will short into it regardless. Anything above 890 and I will add shorts. Do not think we will get there though to be quite honest.
ReplyDeleteMe saying 890 does not mean I have a bullish expectation, just an observation of market tops. Even that could last for a few days and coil away.
Take a look at the last 2 weeks, just like we did at 800 the last time in feb we are building up a lot of tension here. Once it breaks its like a big rubber band that snaps violently.
dow broke 8200 ... lets see whats going to happen from here. Lots of stops being hit at the moment so do not expect this to be over quite yet.
ReplyDeleteThanks for the update. It's greatly appreciated.
ReplyDelete5 more minutes. This is going to be quite dramatic. Either way, up or down.
ReplyDeletedo not think its done yet. I think we have one last push left here.
ReplyDeleteis your target 890 spx?
ReplyDeleteYeah, either 890 or wait it out for a drop below 872 to start shorting slowly there. 880 resistance is VERY strong. If we drop below 872 I will start to short there. Low point after announcement is 874, so thats my short target on either side.
ReplyDeleteThanks Chris
ReplyDeleteMACD on daily -0.01
ReplyDeletestarted my first short here.
ReplyDeletehere we go 872 coming soon add more short?
ReplyDeletejust added more =)
ReplyDeletewill hedge if it rallies above 876.
ReplyDeleteThanks Chris. you are great
ReplyDeleteare you holding on to the shorts overnight?
ReplyDeleteyeap
ReplyDelete