Yep, have just been doing micro-scalps today...guessing we see the double Doji look at end of today....As though Friday volume's not low enough, both the Nasdaq and the NYSE volume so far has been lower than Friday by 20%-30%. I'm assuming machines have done majority of trading so far today. Without volume, it's too unpredictable.
Good luck, Salam.
UPDATES
#21
Posted 12 October 2015 - 11:57 AM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#22
Posted 12 October 2015 - 12:23 PM
Yep, have just been doing micro-scalps today...guessing we see the double Doji look at end of today....As though Friday volume's not low enough, both the Nasdaq and the NYSE volume so far has been lower than Friday by 20%-30%. I'm assuming machines have done majority of trading so far today. Without volume, it's too unpredictable.
Volume is not liquidity. However, an abrupt surge of volume in this extremely low volume environment could cause the market to become illiquid. Anything could happen in an illiquid market. So, as I've commented, this intra-day action has become too unpredictable. I've no idea how it's going to end at this point.
#23
Posted 12 October 2015 - 01:33 PM
Yep, have just been doing micro-scalps today...guessing we see the double Doji look at end of today....As though Friday volume's not low enough, both the Nasdaq and the NYSE volume so far has been lower than Friday by 20%-30%. I'm assuming machines have done majority of trading so far today. Without volume, it's too unpredictable.
Volume is not liquidity. However, an abrupt surge of volume in this extremely low volume environment could cause the market to become illiquid. Anything could happen in an illiquid market. So, as I've commented, this intra-day action has become too unpredictable. I've no idea how it's going to end at this point.
I taken 5 profits off the table. Rest with a stop at 2023
Low vix/dull market
#24
Posted 12 October 2015 - 03:09 PM
#25
Posted 12 October 2015 - 03:44 PM
I doubled up on the put options within 5 min. of the market close. Holding Full positions is @ the $ QQQ & SPY Nov puts. Also picked up some Nov SPY 195 puts (small position). These 195 puts either score big or expire. Bought them and putting them away. Potential quintuple before Nov. exp.
Futures are creeping up to my stop. Gonna raise to 2025.
Expecting night monkeys to stop me out
#26
Posted 12 October 2015 - 04:26 PM
#27
Posted 12 October 2015 - 09:10 PM
#28
Posted 13 October 2015 - 12:22 AM
Thanks for responsethe red line is an oscillator? Thanks
Yes. I should've noted that.
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Shanghai's breaking out: +3.38%. Looks like that's given futures a lift right around the time Shanghai opened. Not much going on after that burst.
Tough loss for the 9ers. Could've been 2-3 instead of 1-4. Big difference. Raiders could've won it today too. No fun for the Bay Area sports fans.
#29
Posted 13 October 2015 - 09:30 AM
When there's no pickup on volume, bull market default setting is to buy. By default, there are more buyers than sellers in a bull market.
Nasdaq opening 30-min volume is the lowest since the FOMC day on 9/17/2015.
BTW, INTC earnings after the bell today. Semiconductors' interaction with the Dollar could be a leading indicator.
#30
Posted 13 October 2015 - 06:53 PM
Nasdaq opening 30-min volume is the lowest since the FOMC day on 9/17/2015.When there's no pickup on volume, bull market default setting is to buy. By default, there are more buyers than sellers in a bull market.
BTW, INTC earnings after the bell today. Semiconductors' interaction with the Dollar could be a leading indicator.
Nasdaq intra-day RV Index turned positive after 11:00 am (yellow dot). After a brief pause, it then took off at around 12:40 pm (red dot) and never looked back. Nice change-up.
A great day for day-traders, not to mention the bonus after-hour INTC post earnings "fast money" trade. Phew!