Yesterday's low was 32.46 before it collapsed about an hour later.
Today's high is 32.46
Is this mere coincidence?
Okay, we all know that the previous low becomes resistance.
Anyone scaling in for a rebound?
BAGHDAD/LONDON, March 25 Tue Mar 25, 2014 9:26am EDT
(Reuters) - The Central Bank of Iraq has bought 36 tonnes of gold this month, it said in a statement on Tuesday, in a bid to help stabilise the exchange rate of the Iraqi dinar against other currencies.
The purchase marks the first addition to Iraq's gold reserves since it lifted its holdings by 23.9 tonnes in August 2012, according to data from the International Monetary Fund.
Added to the 29.8 tonnes the World Gold Council says it already held, the purchase brings Iraq's total gold holdings to 65.8 tonnes, making it the 43rd largest official sector bullion holder in the world, after Denmark and just ahead of Pakistan.
At current market prices the purchase was worth $1.5 billion."
Hillary should step away from politics. People like Sarah Palin and perhaps even Hillary has the potential to become the next Oprah.
It just bounced off of 32.44 which was the low supports for March 3 and March 14.
I just bought some calls for a trade. This should provide some support if the market holds up.
This is what he had said last week on CNBC. He sounded like he was in it for the long term.
There are video cameras recording the activity of bus and train drivers. Why not a video/audio system for the cockpit of a commercial plane? All the more reason for it since they should be held to a higher standard of performance. Unfortunately, airline pilots and other personnel are strongly opposed to being videotaped.
There should be a video recording system for the cockpit and the passenger compartment in an undisclosed, inaccessible location for transmission. There should also be a secondary tracking system also in an undisclosed, inaccessible location. Also, the black box (flight recorder) should have an automatic ejection system responsive to a crash sensor AND be surrounded by a protective, buoyant housing so it can be easily retrieved while floating rather than end up thousands of feet underwater.
I have been talking about this since the 1996 crash in Long Island. There is no excuse for not having these systems on an airplane.
With UVXY at 76, the June long 90/short 140/short 190 call spread could be done for a debit of around 0.00
This spread should probably be closed out way before the share price reaches the first short call strike of 140 due to the increased IV. Any thoughts on what the value of the spread would be worth if the shares are around 125?
It looks like the share price would not have to rise for this spread to be profitable due to time decay.
Yesterday's double bottom did not provide any support.
But at least the gap has been filled. BX is now at the mercy of the market trend.
Thanks for your detailed reply. I am mainly using ScottradeElite as my charting service. It has around 35 different available studies for the charts. Because I also have accounts with Schwab and Fidelity, their charting services are also available for my use. Between the three of them, I should be able to find the studies you are referring to.
Do you use candlestick patterns for BX? I noticed that there is a bearish engulfing pattern for Mon & Tue of this week. There is also a bearish engulfing pattern for Wed & Thur of this week. How reliable is this indicator?
"The Dow Jones Industrial Average will surge to 38,820 in an eight-year “super boom” beginning in 2017, according to Jeffrey A. Hirsch, editor in chief of the “Stock Trader's Almanac.”
The interesting thing is that this prediction was made in Sept 2010 when the Dow Jones was only 10.860.
At that time, they had estimated that the Dow would have had to gain 257 percent, or about 8.9 percent annually in 15 years, to reach Hirsch's projection.
Anyone think this is going to happen?
If so, are you buying some extra long term leaps on the market?
By Option Monster, March 12th, 2014
"Herbalife has spent almost two months in a quiet trading range, but one investor is looking for the stock to wake up.
optionMONSTER’s Heat Seeker monitoring program detected the purchase of 4,000 May 67.50 calls for $7.60 and the sale of a similar number of May 77.50 calls for $2.85. Volume was more than triple the previous open interest in each strike, indicating that new positions were implemented.
The trade cost $4.75 and will inflate to $10 if HLF closes at $77.50 or higher on expiration. That would be profit of 110 percent from a move of about 12 percent in the underlying share price."
Shares or options? If you have long options, try selling some options short against them. This should lower your risk while also providing more cash for trading.