MrHanky Posted May 9, 2012 Report Posted May 9, 2012 Another buy the gap down routine,but the game is getting old.....
MrHanky Posted May 9, 2012 Author Report Posted May 9, 2012 They tried a mini sticksave in the last 3 seconds.I think they got 1 ES point out of it. ES still fading a tad AH....
I_Am_Madness Posted May 9, 2012 Report Posted May 9, 2012 Think positive. That's back to back days they tried to put some sort of a rally only to be meet by selling into the close. This isn't positive action. Similar to how the DOW was leading with tech and small cap lagging. I'll look to buy any weakness on the miners Tomorrow or Friday. I think anything below 42.50 would be good entry. Trade safe.
MrHanky Posted May 9, 2012 Author Report Posted May 9, 2012 Crisco " beats by a penny" Who would have guessed?
potatohead Posted May 9, 2012 Report Posted May 9, 2012 Big outside up day in the Gold Miners (GDX) (GDXJ) One of the largest volume days in the last year for GDX and one of the largest volume days for GDXJ (juniors) since the inception of the fund. Very little physical selling in the bullion.
I_Am_Madness Posted May 9, 2012 Report Posted May 9, 2012 Crisco " beats by a penny" Who would have guessed? Missed revenues.
MrHanky Posted May 9, 2012 Author Report Posted May 9, 2012 Any push below 95 on crude this market could go into freefall.bounced 3 times in the 95's this week.
I_Am_Madness Posted May 9, 2012 Report Posted May 9, 2012 Any push below 95 on crude this market could go into freefall.bounced 3 times in the 95's this week. Same with this 1340-1350 area on ES.
Trader Joe Posted May 9, 2012 Report Posted May 9, 2012 Crisco earnings = Huge gap down Everytime Maybe I'll buy some at $14.xx this summer...just like last summer, except this time I won't also have a block with a $17.xx print on it...bleeech Sold it all ealier this year at $19.68 + another $1 or two in written call premium + dividends How ya like dem apples?
I_Am_Madness Posted May 9, 2012 Report Posted May 9, 2012 Big outside up day in the Gold Miners (GDX) (GDXJ) One of the largest volume days in the last year for GDX and one of the largest volume days for GDXJ (juniors) since the inception of the fund. Very little physical selling in the bullion. Back to back 20+ million shares traded day. A 3rd would be a charm.
Trader Joe Posted May 9, 2012 Report Posted May 9, 2012 Time to dump Crisco from the indices And add FaceCrook, or Screwgle, or Gazing-ya, or Poopon The whole thing is a f**king racket Right Hayden?
MrHanky Posted May 9, 2012 Author Report Posted May 9, 2012 That scumbag John Boehner was on CNBS earlier crying and threatening that taxes on dividends is going to 43% (and cap gains tax will go up as well).He said the markets will suffer if the tax cut is not extended.I think they might try to crash the markets just so Obama will cave on the issue. What a piece of shit that guy is,only a few percent will see a rate like that since it will be based on your income.Scare tactics to save the rich once again. This country sucks.
MrHanky Posted May 9, 2012 Author Report Posted May 9, 2012 Keep watching that 22 level on the VIX as well,a close above that level will be ugly for bulls.Lots of charts ready to roll (or a breakout in the case of the VIX) right here,they just need a little push. Looks like a break of SPX 1340 should do the trick.
DrStool Posted May 10, 2012 Report Posted May 10, 2012 Latest Story OK To Be Bearish But Timing Is Everything Russ Winter and Lee Adler discuss the current “ridiculous” market, and while both are bearish, one a little more than the other in the near term, Lee says it’s all a matter of timing, and tries to refine the outlook. This is a subscriber only podcast. If you are not a subscriber, click here to access the most recent free podcast posted on Monday, April 23. Subscribers can click the player at the bottom of this post (visible on Radio Free Wall Street main site only) to listen to today’s podcast, or use this link to download. If you are not a subscriber and would like to hear not only today’s podcast but all 8-10 podcasts each month, click here to start here to start your subscription. It takes less than a minute to complete the signup form and start listening. To learn more click here!
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