Starting it off.

I keep trying to think how do do something with the KT project. It's so 'dead' right now, it gets to be a weight around my neck. The 'carrying costs' are the same whether it's dead or poppin', so when it's dead it seems such a waste. But, the trading world, for private traders, seems pretty much non-existent. I'm thinking, then, that any attempt to do anything with the project is totally futile. It still seems like some places have some following, but I guess, in reality, those are just a group of people, probably making money in some other fashion, or who have money and don't work, and like to play at trading, and they just gather there. They aren't people who want to learn to trade full-time by developing world-class skills via hard, hard work (like neurosurgeons, professional athletes, etc.).

I'm afraid I'm a dinosaur, the last top of the line chariot wheel maker... It really sucks to know what I know, and have a crew of a few, and most of those haven't seen any of the new stuff. I'd think, with the skills I have, I'd have ten or twenty really wealthy, driven individuals who migrated to my area just to be able to have face time with me, and we all meet and discuss this stuff regularly. When I was younger I was willing to move anywhere in the country for a job (and I did, when I finally got an offer in the field I so desperately wanted to work in), and I wanted to even take a job overseas. Back then, if there was someone in that field who had skills like I do, and they would work with me in person indefinitely, I would have moved in a blink. Be part of a team, a club, of traders working on cutting edge stuff as it is developed. But, in a world of about seven billion people, no such interested persons exist...

qqq close at time and price

Originally posted by rat89

the charts say it all

So, trading in AAPL is suspended, they blew out earnings, again, are buying back a lot of stock, increased the dividend, and announced a 7 for 1 stock split. Will it open up 10%, 20%, or more?

Yep, we took an opposite view on this one, and you nailed it and I got duped. So it goes sometimes.

Originally posted by rat89

qqq close at time and price

Originally posted by rat89

the charts say it all

Click image for original size

it's a sleeper...goes sideways and uses up time then explodes

The above being said, I wouldn't be doing anything, one way or the other, at that time of day in front of FB and AAPL earning. But my read was 'dead off'. They made it look weak, and my read was that that was more likely genuine than a trap, and it wasn't.

So where does AAPL open back up? Around 600?

569. What a disappointment. It will have to wait until tomorrow to get to 600 area.

Any time a company only adds $50 billion in market cap on an earnings pop I'm disappointed. If it gets the 600 area tomorrow, then at least it will have added a bit more market cap than that paltry $50 billion.

After setting a new high for the move, the ES has now taken that out. Recall what I said about those bears right at the low, and how they wouldn't all be right. Many have flipped, others remain. The new all-time highs are one easy day away. That should get the rest of the bears long side.

ES looking strong.

ES rising again (hard), after that vicious 1-min shakeout. It does seem to be set up nicely for Sunday open. We shall see. I'll be watching the little mini session at 1:30 PM, given this was exploding into the futures close there. Normally the mini session opens a little down and just sits, but today, it may pop up and take out the local high there.