iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

GIVE ME A SIGN

Here we are, same prices as I’ve mentioned all week. $NQ_F needs to hold 4290. After a failed attempt down, we’re right back into it.

$VIX needs to stay under $16.50.

$IBB $258. A failed attempt down, right back into these prices.

The /DX has struggled with $93.85 and is hovering here again today.

Oil up.

Notes well off their highs.

Banks coming back off the lows.

If today doesn’t set the tape free, I may have to check myself into the nut house. What a shitty week.

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44 comments

  1. Bchu12

    Ibb at 255 now. Leading once again. Time to reverse hard

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  2. Nocturne

    Aside from MMs trying to keep their books from blowing up, no buying. Positioning for bloodbath. That includes oil.

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  3. badduck

    Looks like we crash. Fuck me.

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  4. Bchu12

    I couldn’t bottom tick even if I tried. Below all the above mentioned levels now. Crazy week

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  5. Thomas Jefferson
    Thomas Jefferson

    A couple of interesting longs: $EMC, $BGG, $POT and $PEB. Very strange list.

    Shorts: I still like the idea of $T; $FLO caught my eye, and $WYNN looks like the intermediate direction may be down.

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    • Thomas Jefferson
      Thomas Jefferson

      Looking at $FLO on the weekly makes it look even nicer as a short. May grab that today.

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  6. infinitezuul

    Market attempts “bad news is good” liftoff from open. Failing now even with oil up. Pessimism is present here, but not fear.

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    • Bchu12

      Isn’t that worse? A slow bleed death?

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      • infinitezuul

        I think we are on different sides of the market. It sounds like your worse is my better. Anwyay, orderly declines never end. January was pretty orderly until the bottom fell out on the 20th.

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  7. dlrago8

    Can someone tell me the TD Ameritrade symbol equivalent for $NQ_F please. Thanks

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    • Option Addict

      /NQ

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      • dlrago8

        Thanks for the “/” help. It definitely finds the symbol(s) in the search box but on the watch list screen they list out as invalid symbol. I’ll try adding via my desktop as opposed to the app on an iPad although it should be no different.

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        • Trent J

          Yeah I only use TOS on desktop, I’ve never been able to make a switch over to mobile very well.

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    • Trent J

      You can also type “?” in the symbol window and hit enter and it will pull up a list of all symbols for you.

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  8. bagholder

    Wait for the European close, I think you’ll get your rip there.

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  9. fryguy15

    At least the guy with 50% of his account in FCX is killing it.

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    • kidstockibc

      +1

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      • fryguy15

        Hey man, in all honestly, I don’t give a damn how you get there. At the end of the day, it’s all about the scoreboard. nice take

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  10. Option Addict

    A troll started lurking on prior posts today. That’s my sign.

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  11. tway

    What do we know? We know the economy is growing slowly, not overheating and not collapsing. At some point full employment means new job numbers start to slow. We know FED will hold off as inflation is not going anywhere fast, technology has seen to that. Market tried a sell off, honestly that got rejected fast. Anyone got a stat for market crash without economy faltering or massive rate hikes? Off top of my head, hasn’t happened often. Just a bit of perspective.

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  12. Noni Kavuri

    Is Bchu12 a troll or just the biggest pessimist in the world?

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    • Bchu12

      Hopefully the troll so this “sign” will work and y’all will finally have 1 good day

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      • Option Addict

        Man, ever consider just trading on your own and stop following others? I blog what I watch and do. Fuck off and speak up about what you watch and do and quit complaining on someone else’s work and ideas.

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        • Bchu12

          Oh I wasn’t complaining. I wasn’t long ibb.

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          • Option Addict

            So shut the fuck up still. I don’t need any opinion out of you on what I do.

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          • GapFiller

            Finally, you told this clown to shut the fuck up. Much-needed. You’re manic, Bchu.

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          • GapFiller

            (By the way, I have the same tendencies you do … market seems to change frequently, etc., so I understand why you are all over the place. Using these comment sections as a dumping grounds for your stream of consciousness madness, though, isn’t helpful to anyone else and probably isn’t for you either.)

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  13. joe

    need a flush to spx 2010 ish, shake the tree, put some fear back into the hearts and jbtfd there for the rally to 2130

    and yea, the IBB will be the leader for the next leg up

    and TWTR either gets bought at 25 or it goes to zero in my lifetime..place your bets..GOOG can buy them for what they have in the petty cash draw …wtf are they wating for

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  14. kidstockibc

    FB breaking loose — rest of market will follow. Added a few more TWTR May 15 calls and bought more AAPL 95 calls.

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    • kidstockibc

      We finally have an intraday breakout in put:call ratio above 1.2 that I want to see at bottoms / turning points. Ideally this indicator stays elevated through the close.

      Anyone have any favorable TICK data to report.

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  15. Marc

    OA….are you still in $MTCH

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  16. fryguy15

    GOOG, XOM, FB, AMZN, GE all green and trending all day. Agree with kidstock that market should follow. Its a mega-cap’d (/YM) kind of day.

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    • kidstockibc

      Not sure how the day / week will end but I put mutual fund money back to work in domestic large cap fund on the close yesterday. I try to minimize turnover in that account and am of the belief that the risk:reward here is very favorable. Market is doing its best to test my conviction but there are still a few hours left in the day and action in the aforementioned names is encouraging.

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  17. kidstockibc

    Bought a few TSLA shares

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  18. tway

    tentitive breakout across all TF, ES & NQ

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