S&P 500 & other indexes - intraday. Plus chat

[Pat494]

Last couple of weeks have been a bit mad for me but I'm still following the thread, some quality posts that I am going to read again and digest. Hope to get back in action tomorrow. Current very rough and basic game plan is to try and catch a few point as we reach higher to around the 1290s/1300s and then I'll be looking for shorts. But who knows what might happen.

On another note has anybody bought Hedge Fund Market Wizards yet? Really looking forward to that.. always good for entertainment and a bit of inspiration as well.

Good morning all
Has Jack Schwager written another Wizard book ? I liked the other 2.

 

[Pat494]

Here is today's diary

4:30am GBP Construction PMI 54.5 55.8
5:00am EUR Revised GDP q/q 0.0% 0.0%
6:00am EUR German Industrial Production m/m -0.9% 2.8%
7:45am EUR Minimum Bid Rate 1.00% 1.00%
8:15am USD FOMC Member Lockhart Speaks
8:30am EUR ECB Press Conference
8:30am USD Revised Nonfarm Productivity q/q -0.6% -0.5%
8:30am USD Revised Unit Labor Costs q/q 2.3% 2.0%
9:30am USD FOMC Member Lockhart Speaks
10:00am USD FOMC Member Tarullo Speaks
10:30am USD Crude Oil Inventories -1.1M 2.2M
2:00pm USD Beige Book
3:30pm USD FOMC Member Williams Speaks
7:00pm USD FOMC Member Yellen Speaks
7:01pm GBP BRC Retail Sales Monitor y/y -3.3%
7:30pm AUD AIG Construction Index 34.9
9:30pm AUD Employment Change 0.9K 15.5K
9:30pm AUD Unemployment Rate 5.1% 4.9%

Yup there's a load of speaking today by Fed members.

 

[tim3]

Morning all

Nearly went long last night grrrrrrrr ahh well.

Neraly 20 points above pivot no way would I open a long here and shorting into this type of strength is risky so may sit it out today unless a good set up develops.

 

[Pat494]

Morning all

Nearly went long last night grrrrrrrr ahh well.

Neraly 20 points above pivot no way would I open a long here and shorting into this type of strength is risky so may sit it out today unless a good set up develops.

Wise thoughts imo

Here is the hourly

 

[Pat494]

Going a bit lower imho

In for a short

 

[Pat494]

Going a bit lower imho

In for a short

Not this time

 

[Pat494]

Not this time

Should have looked at the longer time frame imho

 

[Pat494]

Any comments Atilla ?

 

[Pat494]

LONDON (ShareCast) - Security: Support/ResistanceEUR/USD: 1.2286/1.2542. IBEX35: 5,987/6,700. FTSE100: 5,075/5,413. S&P 500 (SNP: ^GSPC - news) : 1,250/1,290. NIKKEI 225 (Osaka: ^N225 - news) : 8,135/8,440. HANG SENG INDEX: 17,821/18,558. DOW JONES (DJI: ^DJI - news) : 11,870/12,300. NASDAQ 100 (Nasdaq: ^NDX - news) : 2,443/2,570. CAC (Frankfurt: 924169 - news) 40 Fut.: 2,901/3,078. DAX XETRA Fut.: 5,913/6,225. EURO STOXX50 Fut.: 2,029/2,150. JR

 

[robster970]

Back on the horse again after nearly a week off. Here we go again.

 

[Pat494]

Back on the horse again after nearly a week off. Here we go again.

good luck.
Looks a bit flat at the mo

 

[robster970]

Finished for the day. Trade posted up in a minute.

 

[sellit]

Todays Technical Analysis for the S&P from charmercharts.com

S&P has spent the week correcting off the 1262 lows of Sunday night...We have reached the 61.8 med term fib level of 1296 and the short term charts are calling for a correction today....we see the market falling lower to 1283/80 area and this is where we should cover shorts..

Attempt very small longs looking for a return to 1296 once more...Cover longs prior this resistance...we would only re-instate longs once the market can break 1296...

We would then be in a good position to trade higher with 1308 then the targeted area.. Here we would cover longs...At this point we would revalue the technical indicators....There may be a good case of trading higher from here back to 1333/34...

 

[robster970]

a. ONH 1300.75, ONL 1283.00
b. ON VPOC at 1292 after moving down from 1299 area
c. Gap close 1285.50, NVPOCs at 1300.00 & 1280.75
d. OAOR, CBAVOL 631k, out of balance to upside and high pre-market volume
e. Swinging up, doesn't seem to have legs though, doubt it will make ONH
f. This looks weak, short market order 1295.25 @ 14:33GMT (1)
g. Off it goes but it's a bit tentative
h. Struggling to get lower than the open here, looks suspicious
i. Out market order at 1394.00 @ 14:35GMT (2)
j. 5 ticks profit before commissions
k. MAE 1 tick, MFE 8 ticks, exit efficiency 62.50%
l. Todays coffee, decaf latte
m. Todays Opera Il ritorno d'Ulisse in patria - Monteverdi
n. Back on the horse

 

[Pat494]

a. ONH 1300.75, ONL 1283.00
b. ON VPOC at 1292 after moving down from 1299 area
c. Gap close 1285.50, NVPOCs at 1300.00 & 1280.75
d. OAOR, CBAVOL 631k, out of balance to upside and high pre-market volume
e. Swinging up, doesn't seem to have legs though, doubt it will make ONH
f. This looks weak, short market order 1295.25 @ 14:33GMT (1)
g. Off it goes but it's a bit tentative
h. Struggling to get lower than the open here, looks suspicious
i. Out market order at 1394.00 @ 14:35GMT (2)
j. 5 ticks profit before commissions
k. MAE 1 tick, MFE 8 ticks, exit efficiency 62.50%
l. Todays coffee, decaf latte
m. Todays Opera Il ritorno d'Ulisse in patria - Monteverdi
n. Back on the horse[/QUOTE]

YEEEEEEEEE HAAA !
RIDE 'EM COWBOY.
:cheesy:

 

[robster970]

YEEEEEEEEE HAAA !
RIDE 'EM COWBOY.
:cheesy:

I was struggling to concentrate over the sound from the jingle-jangle of my spurs

 

[robster970]

Incidentally, has Wekim disappeared? I was interested in carrying on talking to him about his dilemma

e2a - I can see him lurking

 

[Pat494]

Anyone see any merit in this sort of bet at Paddy's ?

 

[Pat494]

Anyone see any merit in this sort of bet at Paddy's ?

Geez - I don't know,I was asking
Perhaps DT or some stats whizz could tell us.

 

[robster970]

Geez - I don't know,I was asking
Perhaps DT or some stats whizz could tell us.

I wouldn't take the bet around 2.50 area - it's bang where the VPOC has formed. If I was going to have a punt though I'd probably go below 1302.50 because I *think* the +ve delta of 19k contracts will sell-off for the remainder of the session taking price below this VPOC.