The Euro is pretty likely going to hit 1.1320 tomorrow at London open. This level might be not enough to stop it, and in that case 1.1240-50 should be next.

29-34 would be nice for today. Hmmm, where have I heard something like that before? Oh, yeah, Friday at this time. Didn't happen then, almost surely won't happen now.

I was jesting when I said it won't happen today. It may not, but it is set up for a blast here as good as any setup I've seen for a blast.

Hmmm, a little short trigger there. That's interesting.

I'm too tired/wore out for an into the close 'Give it to me, baby'.

29-34. Yawn.

IBM earnings out any second. Let me guess, they will be awful, and the stock and the futures will soar.

Big swooooosh down in IBM in the aftermarket. I'm guessing this is a big buying opportunity, and it, and the market, will be up big tomorrow. It's the only sensible thing.

The ES got two ticks from the overnight high (which was a new high for the entire move), but did not hit the upper areas, just like on Friday. I think it will most likely hit them shortly, or in the overnight.

"IBM Reports Terrible Q3 Results: Worst Revenue Since 2002; Slashes Guidance... Moments ago IBM reported what can be defined simply as abysmal results."

I wonder how much the market will be up tomorrow? Futures are up now, one tick from the high of the entire move since the Sept low.


Source: http://www.zerohedge.com/news/2015-10-19/ibm-reports-terrible-q3-results-worst-revenue-2002-slashes-guidance

BTW, there was just a guy on Bubblevision saying the Fed is too restrictive right now. Hmmm, a slew of QE's for trillions and trillions, and ZIRP for 87 months in a row, and they are too restrictive? Not sure I agree with that one.

I'd love to hear move about that. That thing is trading say 27 now, but at its peak was 489,600. I'd say it's down a little. What is it leveraged to, like 100 to 1, when you convert from VIX futures to SPX?

Originally posted by rat89

I'm experimenting with using the spx/ spy triggers to trade uvxy, based on work that roofer did a while back. The damn thing will knock your socks off if you're wrong. It's an animal.