Buy TAP. We call it Trout Piss (the Coors part...not the Molson part. There's a line you just don't cross when offending Canadians!)
LOL, just dont ever remind a canadian we are responsible for justin bieber and nickel back, it was a dark chapter in our history.
Big time stuff on ES at 2410, that bar i pointed out meant something, difference bettwen a higher low and a lower high, price got rejectd there. I dont think we get over that was just buyers running into sellers with size.
id be hitting it hard here with a stop at 2411.25 if it got back below 2410, but i promised myself 1 contract just for shits and giggles.
It's happening. Gapped up today, expect we'll close this one as a doji. We'll see another gap tomorrow after some buoyed Indian trading. At least so long as Theresa May doesn't stick her foot in her mouth and take the sterling down with her. TTM was so much easier a play before the JLR buy--introduced WAY too much GPB exposure to their profits (about 50% is JLR--well, probably 30%-ish after Brexit vote). Tomorrow's open is $35 S/R level, and sunny skies above. This resistance is nowhere near as strong as the ADR's chart would imply--corresponds to INR460-ish. The 500 and 550 levels are much stronger and correspond to $38.50 and $42 respectively.
If you don't mind playing with fire, this one's giving some good entries this afternoon. We'll see a low close that's not indicative of coming Bombay session as traders lighten up on risk with the climate of (as Vanny said) a hair trigger to the downside. Bombay should keep up its momentum (barring bad news) and give the ADR another nice gap up tomorrow outside of today's trading range. $36 won't surprise me (but will trigger a close order or two).
Hmmm. You follow this thing huh? It does like to gap daily doesn't it. One way or the other. Can't say I ever took the Bombay stock market into consideration... for anything lol. G/L BB.