shuriken's Daily US Markets Recap, Discussion, & Random Musings - NOW W/ OPTIONS TUTORIALS!

fyi, don't get ur face ripped off today! might sell-off hard yet.

Quote from shuriken : fyi, don't get ur face ripped off today! might sell-off hard yet.

epic day. $$$

Quote from shuriken : epic day. $$$

So... have you thought about doing some teaching while you're at this?

Quote from qtc : So... have you thought about doing some teaching while you're at this?

teaching? i'm still kinda new, would love to learn more before i start giving other people advice.

Took a few weeks off and now I'm back. A little irked about missing out on Friday, but even today was an easy trading day, riding both directions.

I figured followed through from Friday, called a gap-fill, and picked the HoD as an entry point to go short. One day doesn't make a trend (I wasn't uber bearish) so I kept my stops tight and rode it down until it bounced off R1 (resistance -- if any of you calculate pivot/resistance/support levels) and took the time to take some off the table.

Lunch (later than usual) doldrums I took a short nap and woke up to another test of R1 (dbl bottom forming) and took rest off table. Decided to go long and rode it up into the close. Out at the close.

Here's S&P on intraday 5-min:


Played it flawlessly.

Ok, I've stickied this, now surprise me

Quote from SDRebel : Ok, I've stickied this, now surprise me

G'mornin.

Today's gonna be a sit-on-hands day for me. Gonna watch a few hours of the AM action and figure out any day/swing trades. Yesterdays hammer (looking at dailys) makes me a bit cautious (to either side).

International markets were mixed:
http://money.cnn.com/data/world_markets/asia/

Technicals tell me we should've seen a stronger retracement to 1067 - 1049 levels (on S&P). Techs (at the open, prior to GS news) and GS on Friday were a good catalyst for this move. Will we get a continuation of this move today? I'm not entirely sure as the futures in overnight trading are UP.

Time for SBUX!

Oh, forgot to mention we do not have any relevant, schedule economic data coming out for a few days.

Quote from shuriken : Oh, forgot to mention we do not have any relevant, schedule economic data coming out for a few days.

well, aside for earnings.

is wsj.com busted?

/es to 1202 and down? could be smoke and mirrors before a drop.

Quote from shuriken : /es to 1202 and down? could be smoke and mirrors before a drop.

60-40 bullish now. what a garbage morning. glad i was soh.

es levels to watch:

r1 = 1208
s1= 1200

pivot @ 1202.5

Quote from shuriken : r1 = 1208

let's see roll over--calling top here. pits are going short, as am i.