Comments on: Thursday’s Trading http://www.trivisonno.com/thursdays-trading-5 Bear Market Growls Until January 2010 Thu, 08 Jan 2009 21:11:10 +0000 http://wordpress.org/?v=2.6.5 By: admin http://www.trivisonno.com/thursdays-trading-5#comment-3741 admin Fri, 15 Aug 2008 03:14:14 +0000 http://www.trivisonno.com/?p=494#comment-3741 Hi Zen, I just looked at where there was the most open interest. It's simplistic, but it worked pretty well today. Matt Hi Zen,

I just looked at where there was the most open interest. It’s simplistic, but it worked pretty well today.

Matt

]]> By: Zen http://www.trivisonno.com/thursdays-trading-5#comment-3740 Zen Fri, 15 Aug 2008 02:10:14 +0000 http://www.trivisonno.com/?p=494#comment-3740 Matt, Where did you get your option pinning numbers? I have some different but some the same. thanks! Matt,

Where did you get your option pinning numbers? I have some different but some the same.

thanks!

]]> By: david http://www.trivisonno.com/thursdays-trading-5#comment-3738 david Thu, 14 Aug 2008 23:59:19 +0000 http://www.trivisonno.com/?p=494#comment-3738 no volume because of manipulation to pin XLF and SPY. 21 and 129 max pain. guess who drove it up this morning then held it back. no volume because of manipulation to pin XLF and SPY. 21 and 129 max pain. guess who drove it up this morning then held it back.

]]> By: admin http://www.trivisonno.com/thursdays-trading-5#comment-3736 admin Thu, 14 Aug 2008 21:22:51 +0000 http://www.trivisonno.com/?p=494#comment-3736 VY, If we get more expiration pinning tomorrow, the big decision day may have to wait until Monday. While I did make some money shorting IWM yesterday morning, I think that I'm going to stick to SPY and XLF. While QQQQ and IWM do indeed have a lot of air under them, if large funds are rotating into small caps and tech, then they could remain relatively strong. The strong dollar should also be hurting the large caps more. Matt VY,

If we get more expiration pinning tomorrow, the big decision day may have to wait until Monday.

While I did make some money shorting IWM yesterday morning, I think that I’m going to stick to SPY and XLF. While QQQQ and IWM do indeed have a lot of air under them, if large funds are rotating into small caps and tech, then they could remain relatively strong. The strong dollar should also be hurting the large caps more.

Matt

]]> By: admin http://www.trivisonno.com/thursdays-trading-5#comment-3735 admin Thu, 14 Aug 2008 21:17:05 +0000 http://www.trivisonno.com/?p=494#comment-3735 Tony G, Yes, the volume was light - especially for XLF. Not a lot of buying enthusiasm there! Matt Tony G,

Yes, the volume was light - especially for XLF. Not a lot of buying enthusiasm there!

Matt

]]> By: VY http://www.trivisonno.com/thursdays-trading-5#comment-3734 VY Thu, 14 Aug 2008 21:14:42 +0000 http://www.trivisonno.com/?p=494#comment-3734 *big decision day... SPY closes up above 131 and we got another rally on the way up to 1340-50, down and we are going back to 1250.... *big decision day… SPY closes up above 131 and we got another rally on the way up to 1340-50, down and we are going back to 1250….

]]> By: VY http://www.trivisonno.com/thursdays-trading-5#comment-3733 VY Thu, 14 Aug 2008 21:12:24 +0000 http://www.trivisonno.com/?p=494#comment-3733 XLF closed below both 20 and 50 MA, and with 20 day MA now about to actually turn down directionally, all we need is another 1% down close to get a pretty clear sell signal... DIA and SPY are both still hugging the 20MA and could go either way at this point, looking purely at the chart though looks like tomorrow could be a big IWM and QQQQ have a lot of air under them, in my book that's a bit dangerous.... XLF closed below both 20 and 50 MA, and with 20 day MA now about to actually turn down directionally, all we need is another 1% down close to get a pretty clear sell signal…

DIA and SPY are both still hugging the 20MA and could go either way at this point, looking purely at the chart though looks like tomorrow could be a big

IWM and QQQQ have a lot of air under them, in my book that’s a bit dangerous….

]]> By: admin http://www.trivisonno.com/thursdays-trading-5#comment-3732 admin Thu, 14 Aug 2008 21:08:08 +0000 http://www.trivisonno.com/?p=494#comment-3732 Paul, Thanks for the link to the Fed report. This financial crisis just won't quit. Matt Paul,

Thanks for the link to the Fed report. This financial crisis just won’t quit.

Matt

]]> By: admin http://www.trivisonno.com/thursdays-trading-5#comment-3731 admin Thu, 14 Aug 2008 21:03:08 +0000 http://www.trivisonno.com/?p=494#comment-3731 Hi Hedgehog, Yes, I saw that, and UNP got a little bounce in the after-market. It will be very telling to see how the rails react tomorrow. Buffets trades aren't always winners. I tried to ride along with him on USG in late 2006 and got a beating. He was WAY too early to be bottom fishing in the house-building sector. Two years later, and USG still hasn't bottomed! Matt Hi Hedgehog,

Yes, I saw that, and UNP got a little bounce in the after-market. It will be very telling to see how the rails react tomorrow. Buffets trades aren’t always winners. I tried to ride along with him on USG in late 2006 and got a beating. He was WAY too early to be bottom fishing in the house-building sector.

Two years later, and USG still hasn’t bottomed!

Matt

]]> By: Hedgehog http://www.trivisonno.com/thursdays-trading-5#comment-3730 Hedgehog Thu, 14 Aug 2008 20:49:46 +0000 http://www.trivisonno.com/?p=494#comment-3730 Dont short UNP Matt. Warren Buffet just doubled his stake to 8.9MM shares. Dont short UNP Matt. Warren Buffet just doubled his stake to 8.9MM shares.

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