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Love and respect Art Cashin

Posted by profmel on 12th of Jun 2020 at 11:24 am

Love and respect Art Cashin but today's selling pressure is NOT coming from Robinhood!!! AAPL goes from +12 to negative on the day - from partial share selling? 

Also took the DAX down

Posted by profmel on 12th of Jun 2020 at 11:00 am

Also took the DAX down from +1.33% to negative at the same time

Was playing for 50%...of course!

SPX 10 with Fibs

Posted by profmel on 12th of Jun 2020 at 10:58 am

Was playing for 50%...of course! Selling pressure is off the charts....neg ticks 1000+ for past 35 minutes. Live and learn!

1st round of margin call

Posted by profmel on 12th of Jun 2020 at 10:30 am

1st round of margin call selling....max tick Matt?

TY didn't want to misspell

CNBC bringing out the Bears.

Posted by profmel on 11th of Jun 2020 at 04:35 pm

CNBC bringing out the Bears. Scott Minor (and Mohammad El Whatever) are STILL looking for new lows...although Mohammad has been wishy-washy the past week or so.

Put-Call took a few sessions

Posted by profmel on 11th of Jun 2020 at 04:09 pm

Put-Call took a few sessions but that was a buttspanking today!

TRIN .69 on a -1300

Posted by profmel on 11th of Jun 2020 at 12:15 pm

TRIN .69 on a -1300 day? 

Remember OpEx NEXT Friday....seems to

Posted by profmel on 11th of Jun 2020 at 11:02 am

Remember OpEx NEXT Friday....seems to be setting up as usual. Just killed all the call premiums from that low P-C ratio. I'm sure they'll sell puts/buy very cheap calls for next week. JMHO but seems to be monthly pattern.

TY YES I agree and

GCTC nice trade

Posted by profmel on 10th of Jun 2020 at 03:29 pm

TY YES I agree and was not being negative towards anyone -- just gaining an education daily watching you guys trade and through the newsletters. TSLA was out of my price range but I've traded AMD with you 4-5-6 times over the past year for 7-10 points. And others. TY kindly for your long note in the middle of the day -- truly appreciate your words and taking the time.

Think I've finally identified my

GCTC nice trade

Posted by profmel on 10th of Jun 2020 at 02:13 pm

Think I've finally identified my frustrations (finally!!) Y'all trade for 50 -75cents in and out on DBA, GBTC, etc.... too quick for me. I prefer the swing trades for weeks/months not overnight. My first of twelve steps achieved :)

Another +1000 tick buy program

Posted by profmel on 9th of Jun 2020 at 03:23 pm

Another +1000 tick buy program -- looks like we could actually close in the green by end of day. Minus FAANG we'd be down 400-500

Stocks on new high list

Posted by profmel on 9th of Jun 2020 at 11:02 am

Stocks on new high list today are the only ones still doing stock buybacks

Matt-did we get another max

Posted by profmel on 9th of Jun 2020 at 10:56 am

Matt-did we get another max tick on that move? Seems it was a huge buy program???

FANG+M TO THE RESCUE! Looks

Posted by profmel on 9th of Jun 2020 at 10:47 am

FANG+M TO THE RESCUE! Looks like our two hour correction is over

CHK might be the very

Posted by profmel on 8th of Jun 2020 at 03:54 pm

CHK might be the very first company ever to declare bankruptcy with a$68 stock price. Ludicrous!!!

Do margin clerks also do

Posted by profmel on 8th of Jun 2020 at 03:52 pm

Do margin clerks also do the buy-ins on shorts who are getting margin calls? Seems like we get these big spurts of indeterminant buy orders -- 10-15 point SPX jumps out of the blue. Just curious... 

Shhhh i need them to keep buying LUV for a few more points :)

OpEx set-up is this week

Posted by profmel on 8th of Jun 2020 at 03:44 pm

OpEx set-up is this week for next week so should get crazy tomorrow/wed to sell call/buy penny puts

Declare bankruptcy - stock up

Posted by profmel on 8th of Jun 2020 at 02:45 pm

Declare bankruptcy - stock up 1,000%! HTZ 

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