wow, a crazy globex session basically coming out flat. Volitility is very high, so entries and exits have to be quick! looking to buy near the open

long one at 901.00, 6 point stop

since the 5 min avg and the 5 min boll avg comein at 899-900 there is a lot of support there, but if it gives way ..look out!

im doing a stop and reverse at 898 for that reason

god, getting killed now stopped on my stop and reverse.. watching

NAHB # comes out at top of hour - consensus = 17

right there we have DPOC in mkt profile, VWAP, and 50% on the day, and may as well put in yest low all there between 886-899

theres the break i was trying for!

looking for a good short entry

is this a bull flag ,or pennant on the 5 min chart?

even better on the 15m

a friend sent me this tonight so I thought I'd ask you folks:

"These are for the November options.
Do you have a clue what the catch is?

Sell 94.00 puts 94.00 SWGWP make +$9.48
Short the SPY at $94
Buy 94 calls 94.00 SWGKP pay -$4.73
Net profit $9.48- $4.73= $4.75
This looks like a risk free trade to me.

What's the catch?"

Thanks

Bruce