Market is higher once again this morning as it has "grinded" up to the 4200 level. Been awhile that we've seen an almost +2% week... Wow whee so big lol!! Just more grinding in a grind market and don't forget this is an expiration week where sometimes you see some movement. This cycle was no where near my numbers so not surprising to see lift and people selling June overpriced options to the hopers for the June quarterly expiration lol!! Short term, like today is hilarious to see the 4250 calls that expire at the close trading above $2 all while bonds are moving up like crazy and volatility almost in the 15 range!! Could be interesting next week. Average short 4160, may add some later on....
Time runing out on BULLS - DEBT CEILING hanging over market
Started by
dTraderB
, May 14 2023 04:34 PM
186 replies to this topic
#152
K Wave
-
- Traders-Talk User
- 27,040 posts
Member
Posted 19 May 2023 - 08:51 AM
whole lotta close but no cigar for bulls thus far this AM...
next couple hours could turn out to be real important....
Edited by K Wave, 19 May 2023 - 08:52 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
#153
K Wave
-
- Traders-Talk User
- 27,040 posts
Member
Posted 19 May 2023 - 08:56 AM
This is a big one for Dow right here....if bears do not defend, they may be done....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#154
K Wave
-
- Traders-Talk User
- 27,040 posts
Member
Posted 19 May 2023 - 08:57 AM
Trannies similar...,bears repelled the opening advance thus far
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#155
K Wave
-
- Traders-Talk User
- 27,040 posts
Member
Posted 19 May 2023 - 08:59 AM
Rusty got right to 1800, but stopped there so far...THAT is a big one
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#156
K Wave
-
- Traders-Talk User
- 27,040 posts
Member
Posted 19 May 2023 - 09:00 AM
might all come down to this 1 min battle on Dow
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#157
K Wave
-
- Traders-Talk User
- 27,040 posts
Member
Posted 19 May 2023 - 09:02 AM
If bulls were to lose the 1 min line before blowing out 14000 on Trannies, then could be possible trouble...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#158
K Wave
-
- Traders-Talk User
- 27,040 posts
Member
Posted 19 May 2023 - 10:04 AM
see if bulls can hold the jailbreak on the Dow here...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#159
K Wave
-
- Traders-Talk User
- 27,040 posts
Member
Posted 19 May 2023 - 10:05 AM
Schwab trying to turn the big 52 corner....
getting some stability back there would be a big help for bulls...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#160
K Wave
-
- Traders-Talk User
- 27,040 posts
Member
Posted 19 May 2023 - 10:06 AM
KRE still with a bit of work to do though....has to get back above the oval for the all clear...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
