Vote of Confidence passed....this led to a quick spike in Euro
and SPY but now pulling back. Could be a case of sell the news with
the market overbought.
Posted by lessarda on 21st of Jun 2011 at 06:48 pm
We know it's worse than anybody will reveal until it's too late.
Then we'll find out who the AIG is this time -- it could still be
AIG! -- and who kept dancing until the music stopped.
The 10day avg on the put/call ratios hit extremes last Friday,
creating a bear trap. A lot of people were praying for a rally that
would allow them to sell gracefully, well here it is and now
they have forgotten why they wanted to sell (possibly creating a
new bull trap?)
The VIX gave a buy signal early Monday. That means most
latecomers took risk off last week and now coming into quarter's
end there is a squeeze on, as funds will appear under-invested if
they don't add back. If the Greek vote goes okay, there should
be a gap up tomorrow, and traders will look to short that gap. My
two cents
After the market should there be a level in after hours trading
where we should close out our position to avoid a huge gap down
tromorrow?
Looks like this is some kind of setup releasing the news after
market. Push market up and short at the close to screw everyone. Of
cource they must already know the news to be released right
now.
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Greek Confidence Vote is expected
Posted by steve on 21st of Jun 2011 at 08:46 am
Greek Confidence Vote is expected sometime around 5:00 pm EST
The market believes this will pass but what happens later remains in question.
Was that a Whimper or a Bang? ~ Futures hardly budged.
Posted by cubby on 21st of Jun 2011 at 06:59 pm
Was that a Whimper or a Bang? ~ Futures hardly budged.
Vote of Confidence passed....this led
Posted by steve on 21st of Jun 2011 at 05:53 pm
Vote of Confidence passed....this led to a quick spike in Euro and SPY but now pulling back. Could be a case of sell the news with the market overbought.
Now what happens? Wait for 1
Posted by millers on 21st of Jun 2011 at 05:54 pm
Now what happens?
Wait for 1 more week to vote for Austerity and another drama on Jun 28....but before that Uncle Ben comes tomorrow
Now you can go have
Posted by steve on 21st of Jun 2011 at 05:59 pm
Now you can go have some ouzo...
Honestly, it's sickens me to even comment on all this debt mess (including here) as well as the various banks exposed to this stuff.
Amen, Steve.
Posted by lessarda on 21st of Jun 2011 at 06:48 pm
We know it's worse than anybody will reveal until it's too late. Then we'll find out who the AIG is this time -- it could still be AIG! -- and who kept dancing until the music stopped.
greek vote
Posted by PA on 21st of Jun 2011 at 12:04 pm
The 10day avg on the put/call ratios hit extremes last Friday, creating a bear trap. A lot of people were praying for a rally that would allow them to sell gracefully, well here it is and now they have forgotten why they wanted to sell (possibly creating a new bull trap?)
The VIX gave a buy signal early Monday. That means most latecomers took risk off last week and now coming into quarter's end there is a squeeze on, as funds will appear under-invested if they don't add back. If the Greek vote goes okay, there should be a gap up tomorrow, and traders will look to short that gap. My two cents
this vote reminds me of
Posted by dylan398 on 21st of Jun 2011 at 11:00 am
this vote reminds me of the vote to pass TARP.....didn't end well
Why the vote after hours?
Posted by kalinm on 21st of Jun 2011 at 11:03 am
I suppose they figure they can "control" a reaction better?
thats the way the Bilerbergs want it.
Posted by zach06 on 21st of Jun 2011 at 11:07 am
This is not TARP; that
Posted by racer999 on 21st of Jun 2011 at 11:02 am
This is not TARP; that will come in later on the U.S. debt ceiling
EuroCarp, I, I, I
Posted by klatuu on 21st of Jun 2011 at 11:45 am
EuroCarp, I, I, I mean TARP
stop or sell level
Posted by RM686 on 21st of Jun 2011 at 11:45 am
After the market should there be a level in after hours trading where we should close out our position to avoid a huge gap down tromorrow?
Looks like this is some kind of setup releasing the news after market. Push market up and short at the close to screw everyone. Of cource they must already know the news to be released right now.