Hedging (buying)
#1
Posted 02 November 2007 - 09:13 AM
#2
Posted 02 November 2007 - 09:24 AM
Looks like a no brainer here at SPX 1498.
I bought lots of calls as a hedge to my IT bearish positions. I will take profits 20 points higher in a few hours.
Denleo
What is it exactly that you see ?
Good news employment report is getting sold with a bang. Doesn't feel particulary bullish.
Positive A/D held up for about 20 minutes before going into a deep plunge again.
Put/call is very timid. Was much higher yesterday. I think quite a bit of dip buying going on.
#3
Posted 02 November 2007 - 09:32 AM
#4
Posted 02 November 2007 - 09:35 AM
Edited by SemiBizz, 02 November 2007 - 09:36 AM.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#5
Posted 02 November 2007 - 09:47 AM
http://stockcharts.com/c-sc/sc?s=$SPX&p=15&yr=0&mn=0&dy=21&i=p16098881974&a=109883924&r=7748.png
http://stockcharts.com/c-sc/sc?s=$XBD&p=D&yr=1&mn=6&dy=0&i=p38065292603&a=85988535&r=9020.png
and the 05 low on bkx is 93....if it gets back above 96.50...that's a good sign....
http://stockcharts.com/c-sc/sc?s=$BKX&p=M&yr=9&mn=6&dy=0&i=p62065924892&a=75610474&r=6872.png
#6
Posted 02 November 2007 - 10:14 AM
Edited by ogm, 02 November 2007 - 10:15 AM.
#7
Posted 02 November 2007 - 10:17 AM
#8
Posted 02 November 2007 - 10:22 AM
#9
Posted 02 November 2007 - 10:29 AM
How about taking out the Sunday night Oct 21st/22nd overnight low of 1492.50 in the early afternoon around 1:15pm EST and then reversing it up for the close. NQ futures have corrected as much as 64 pts with this mornings low, so they are due to rally at least 50 from that low in the near future. Anybody notice the ER2 futures this morning? Held like a rock only down 1 or 2 before the news, while the ES and NQs were down 7/10 respectively. Even now the RUT is still showing relative strength. Yesterday and today should be giving us our 1st of the month seasonal buy for the early part of next week. Then maybe another discount later in the week for the OPEX discount. Good trading environment now.
Don't know, Darris.
I think this decline is the real deal. Doesn't mean its going to freefall from here, but momentum, trend and internals are all pointing in the same direction. Not to say this won't bounce here and there, but I think its pretty risky to play it against the trend. You know how brutal downtrends may be.
XLF just broke new 52 week low and is just sitting there dead, with no signs of life. And thats after the second rate cut already.
#10
Posted 02 November 2007 - 12:05 PM
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics