Recent content by Mr_Stochastyk

My indices show a very weak buy signal since thursday ..but,of course, this may change tomorrow if they decide to take them lower Andre

That's true: the last three trading days were difficult : now I am on the sidelines until I see a very quiet, flat or up day; the bottoming process is not over. The institutions need a real reason to dump shares and it isn't happening yet. . so I imagine, we'll have another move up sooner or...

Hi everyone, Any clues on the SPX direction for monday? I see some kind of consolidation with intraday action getting slower...but, having said that, I think they may attempt another leg down to 1365-70. Don't see any conviction on the buyers side. We need a really quiet, low volume day to...

Correction There is a possibility that the bull market is over and that we've actually seen the top. If this is true, I think that we'll need a crazy short squeeze ride to the 1450-1470 area to confirm the top..and then we'll see the big boyz betting tens of milions $ in April/May/June put...

yes, they sold off before the opening, look a bit stronger now... good trades, Andre

Not finished yet Looks like we may reach 1360-1365 area today. The market moves faster than I thought. It's amazing how quickly they switched from huge call positions into put positions. But, still, I wouldn't call this a crash. "The markets worked well" - in Bernanke;s own words... good...

I agree, that's possible. It's remarkable how quickly they switched to large put position in March option contracts; and, btw. more than 3 bil. in call value has been wiped out. This really surprised me. I'll be watching this bottoming process next week - a bounce to 1420 may be an excellent...

They are trading lower and it looks like a second leg down... I've got several indicators saying: it's not finished yet with1350-1360 as a possible target I don't count on a sharp rebound here..rather a 2-3-days bottoming process. good trades, Andre

Interesting day ahead- the fut. is below 1445.. european mkts mostly down. Let's see if they buy the dip @ 1440 this morning. So, is the rally over? good trades, Andre

The futures indicate that a first hour spike to 1465-1470 is possible. I also see a lot of activity in pre open SPY trading. This may be a good opportunity to close our longs.. Andre

Yes, I agree, AMG data shows a flattening cumulative equities inflows curve since May06. On the other hand, the ETFs cum. inflows are growing steadily. The same for money mkt. funds. This is a mixed picture and it doesn't help much if somebody wants to predict the top.. Andre

And that's exactly how it works, I am afraid. There is no fear and the insiders: funds, companies, pension funds - you name it, are not selling during the down moves. On the contrary, they hold huge long positions, for example, they are long over 5 bil in March options contracts. They do not...

We may see another pull back to the 1440-1445 area next week. I'll be watching them. The weakness of these pull backs and the lack of fear and volatility has been the strength of this market recently. If this does not change we may easily reach 1500-1550 levels by June. Good luck Andre

No, I don't think that opening a short position in June contracts _right now_ is a better idea. It's like weather prediction: you can do ok in 1-7 days timeframe but you know nothing about what will happen in 3 months. As traders we have to maximize our chances, not gamble. Since yesterday we...

Stephen, of course, the markets will eventually go down. But the recent 6 months have shown how strong they are. All the pull backs were bought: there is no fear and no continuation of the down moves. The institutions are not selling yet. On the contrary, there is nearly 5bill. on the table in...