Get ready for a monster selloff tomorrow. This morning's rally was just another ruse by the big boyz to shake you upside down. BTW who stole my last mojito?
Anyone selling down here except a day trader is an idiot. Greek default doesn't mean anything. Buy options on ES...
If ES cannot hold 1310 at the close, it will get ugly tonight. Traders need to respect this kind of reversal and use caution and not blow out their accounts. A test of Globex lows is coming (1307.25), let's see how we do there. As a rule, when you get a strong auction like today on the ten year (even at 2.9%!), you need to watch your step with equities. At least for now. Longer term, this is bullish because international money is flowing into US bonds, which will in turn go to US equities. But for now, be careful. I'm still in scalp mode, expecting a cycle turn soon, though.
Really? You don't think there will be a domino effect, spreading to other Eurozone countries? You really think daytraders are what's driving down ES at the moment? If so, yeah, you should buy options.
yesterday and today market rallied off the comments on QE3 and quickly reversed.. looks quite bearish?
2 tick loss. No, it didn't. I ignore news completely and the market did today and yesterday what it was most likely to do. It behaved normally and predictably. I see nothing odd and no indications of market moving news in the price.
The NQ gap got picked up and even went negative and ES so far holding 1310. I guess I am overly cautious, but still only shooting for deuces here and there, not a big buyer yet.