The S&p Has Topped

Discussion in 'Trading' started by volente_00, Feb 4, 2012.

Is the S&P topping at 1345-1360?

  1. I agree, you will be right

    13 vote(s)
    31.7%
  2. Hell no this sucker is going to the moon

    14 vote(s)
    34.1%
  3. Who cares, where the hell is my mojito?

    10 vote(s)
    24.4%
  4. Going to fade you like we do formal gold

    4 vote(s)
    9.8%
  1. ammo

    ammo

    forgot about 1370 the all time line on this chart when reduced is about 1366-68
     
    #11     Feb 16, 2012
  2. ammo

    ammo

    reduced.. that same dotted blue line
     
    #12     Feb 16, 2012
  3. I wound up selling those call spreads.
    Not pulling a Grand SuperDooper, just that the premium of the futures over spot was way high. I'm sure because of fear over the Greek stuff, but it still, when I looked at the front month history vs the spot, was the 2nd highest premium evah, well, at least since 2007 anyway. (Futures weren't scaled to the spot prior to this year, and I'm too lazy to do the simple division that it would take to scale it properly.)
    Given that, it just seemed stupid to buy the spreads, so I sold em. Now all that has to happen is for Europe not to screw me over on this.
     
    #13     Feb 19, 2012
  4. S2007S

    S2007S

    MORE FREE MONEY...RISK FREE Stock market IS UP AGAIN, only this time you will have to wait until Tuesday till you can get that RISK free money.


    S&P FUT
    1368.40 8.70 +0.64%
    DOW FUT
    13005.00 76.00 +0.59%
    NAS FUT
    2596.50 14.50 +0.56%
    OIL
    104.82 1.58 +1.53%
     
    #14     Feb 19, 2012
  5. You mean you're gonna go long Tuesday morning?
     
    #15     Feb 19, 2012
  6. I shorted 2 separate times 1290-1300 area on Jan 12-15 and said I would only attempt to do that twice, which I did since I don't do position trading on longer time frames often. Both trades failed. Now that ES is 70 pts higher, Folding and leaving the table is sometimes a good feeling too.
     
    #16     Feb 20, 2012
  7. Friday I shorted 10 SPX March 1410 calls from $3.2
    I still think this is a low risk trade. And yes, I have seen where the futures trade today.
    risk-control plan: I will close the trade if spot hits 1400
    :cool:
     
    #17     Feb 20, 2012
  8. Dkm1

    Dkm1

    I'm buying spx puts on Tuesday...... stop at 1386.
     
    #18     Feb 20, 2012
  9. ammo

    ammo

    #19     Feb 21, 2012
  10. Has not topped but will not shoot the moon either.Pop above 13000 briefly make it look like a moon shot, then burn your azz
     
    #20     Feb 21, 2012