1/27 Options

[zoropb]

Good morning,

GDP 8:30 AM ET
Consumer Sentiment 9:55 AM ET

Nice set up in the am long after 3am till just after 5am. Now we are right in the center with zip for odds and we got the news in an hour so lets see what hand is dealt in a bit. We could get a pop now into the news.

[zoropb]

and since we are in the middle might was well give both ob and os

OB = 1331
OS= 1304

This post has been edited by zoropb: Jan 27 2012, 07:51 AM

[zoropb]

Looks like a test of OS in the cards. A likely chop fest if we get there after that.

[zoropb]

Boy sure was a lot of growth in GDP .8% the rest was put stuff back on the shelf of the 2.8%. lol

This post has been edited by zoropb: Jan 27 2012, 08:53 AM

[zoropb]

we tested the os 1304+-3 @1307 after that doe snot look like much selling so far.

[zoropb]

as I said a chop fest after the os test. I doubt this changes the rest of the day.

[zoropb]

I just saw something that usually 3 of 4 times it shows up we take out the low of the morning but the way this has been I would not stay around too long if we do. Chop suey with Casino Friday afternoon to come. Last 2 had a rip at the end.

This post has been edited by zoropb: Jan 27 2012, 11:11 AM

[tozwp]

Z - any forecasts on the US peso?

I'm not interested in shorting this market until that shows signs of life again. I show an open gap around mid 78 and an uptrend line currently in the low 77's. PMO still hasn't turned back up and I'm thinking a few week correction down would be about perfect. Until then, let the market rip. I find it interesting that crude isn't really doing much even with the dollar weakness. Clue card?.....

[zoropb]

Z - any forecasts on the US peso?

I'm not interested in shorting this market until that shows signs of life again. I show an open gap around mid 78 and an uptrend line currently in the low 77's. PMO still hasn't turned back up and I'm thinking a few week correction down would be about perfect. Until then, let the market rip. I find it interesting that crude isn't really doing much even with the dollar weakness. Clue card?.....

Hey toz,

NG is putting serious pressure on Crude and will be for this decade. We are on the switch over. Some of you may remember I said a couple years ago NG would go now where for a long time. With the margins they make even at $3 is fantastic so everyone is going to get into it extracting and for oil to compete in the future it needs to be around $25-35 a barrel depending on the centrals printing presses. So the pressure is on oil. only reason it was this high was the middle east stuff if not $85 if we lose $82 we are on a slow boat to sub $40.

Euro squeeze has a lot to do with buck dive. We had record shorts on Euro a few weeks ago. A 78.82 kiss would not be out of order and perhaps even a 200ema kiss. Got to work those Euro shorts off. It is getting OS for 3 months though.

[selecto]

The bots are playing over at the RUT this mornig.
"We don't need to stinkin' SPX."