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Post by ukarlewitz on Feb 22, 2010 8:43:15 GMT -5
Morning:
Oscar - the bull is back. "Bear flags morphed into bull channels." After shorting the rally the past two weeks he's now an official buyer of dips again, saying we are likely to make new highs. What's even more surprising is he's super bull the DX and bear Euro. DX has now crossed it's 200 week ma, so I think he's right there.
IT - 1/3 short SDS, SRS, QID. Will add second 1/3 at 112-112.5. Long VXX. They have the end of this week as a key 'turn date', after which they expect a drop. "Would be shocked if the Spy went past 112.5." UUP - 'ugly bearish reversal" but it looks toppy. Oil looks highly extended but not shorting just yet.
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Post by kingdisco on Feb 22, 2010 8:51:47 GMT -5
Morning: Oscar - the bull is back. "Bear flags morphed into bull channels." After shorting the rally the past two weeks he's now an official buyer of dips again, saying we are likely to make new highs. What's even more surprising is he's super bull the DX and bear Euro. DX has now crossed it's 200 week ma, so I think he's right there. IT - 1/3 short SDS, SRS, QID. Will add second 1/3 at 112-112.5. Long VXX. They have the end of this week as a key 'turn date', after which they expect a drop. "Would be shocked if the Spy went past 112.5." UUP - 'ugly bearish reversal" but it looks toppy. Oil looks highly extended but not shorting just yet. so that means go short!!!! lol
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Post by ukarlewitz on Feb 22, 2010 8:52:51 GMT -5
Key levels:
UUP - 23.68 is key S. Falls through there, then it could tumble to 23.40. R at 23.78 and 23.88.
Spy - S at 109.75; 110.35-.50; R at 111.0;111.60; 112.0-.30; 113.4
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Post by abdogman on Feb 22, 2010 8:54:14 GMT -5
UK Good Morning and it is nice to have you back as a regular(no rum on duty) Good Luck to you.
Good Morining all Good Luck
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Post by ukarlewitz on Feb 22, 2010 8:56:01 GMT -5
Carl - 1100 to 1116 on the ES today. Last is 1111, so we are near his top end. We hit 1113 an hour or so ago.
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Post by jack on Feb 22, 2010 9:00:29 GMT -5
Sentcha some good karma Uk because you like Wiley Coyote and I used to own stock in ACME (which for me was a So. America goldmine gone bad).
LOL LOL LOL!!!
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Post by doglover on Feb 22, 2010 9:01:51 GMT -5
Good Morning UK. Hope you enjoyed your vacation.
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Post by ukarlewitz on Feb 22, 2010 9:04:15 GMT -5
ACME changed its name to DDSS.
I'm in rum detox. When I write something ridiculous, you'll know why.
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Post by elle on Feb 22, 2010 9:24:32 GMT -5
Hello boys, Welcome back, Uka, never the same without you. Spent this morning trying to find something to buy. Everything just under R, so waiting to buy if/when it breaks first. Plus with P.Bo bill....unknown, have to think it moves market down, but there is always "protection" Would like to short PCX 17.99, but finding it hard to short after moves last week and asia metal mania.
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lookingherethere
Broker/Dealer
"I am in me.." <In response to the possessed rumors>
Posts: 533
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Post by lookingherethere on Feb 22, 2010 9:25:46 GMT -5
Good Morning, Ahhh great morning. Rum detox aye matey
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Post by kryptos2009 on Feb 22, 2010 9:37:03 GMT -5
Good Morning Gang!! Here are the numbers for today. PP-XLF = 14.41 - 2/22 Monday FROM: www.allpivotpoints.comXLF PP=14.41 R1=14.55 R2=14.64 R3=14.78 S1=14.32 S2=14.18 S3=14.09 O=14.29 H=14.51 L=14.28 C=14.46 SPY PP=111.02 R1=111.68 R2=112.23 R3=112.89 S1=110.47 S2=109.81 S3=109.26 O=110.62 H=111.57 L=110.36 C=111.14 SPG PP=77.31 R1=78.32 R2=78.93 R3=79.94 S1=76.7 S2=75.69 S3=75.08 O=76.95 H=77.92 L=76.3 C=77.72 GS PP=155.89 R1=157.29 R2=158.4 R3=159.8 S1=154.78 S2=153.38 S3=152.27 O=154.51 H=157 L=154.49 C=156.18 JPM PP=40.21 R1=40.52 R2=41.01 R3=41.32 S1=39.72 S2=39.41 S3=38.92 O=40.11 H=40.7 L=39.9 C=40.03 MS PP=27.27 R1=27.63 R2=27.85 R3=28.21 S1=27.05 S2=26.69 S3=26.47 O=27.1 H=27.5 L=26.92 C=27.41 C PP=3.41 R1=3.44 R2=3.46 R3=3.49 S1=3.39 S2=3.36 S3=3.34 O=3.4 H=3.44 L=3.39 C=3.42 VIX PP=20.29 R1=20.87 R2=21.72 R3=22.3 S1=19.44 S2=18.86 S3=18.01 O=21.07 H=21.14 L=19.71 C=20.02 FROM: www.mypivots.comUUP PP=23.76 R1=23.84 R2=23.95 R3=24.14 S1=23.65 S2=23.57 S3=23.38 O=23.83 H=23.88 L=23.69 C=23.72 FAS PP=72.19 R1=73.89 R2=75.15 R3=78.11 S1=70.93 S2=69.23 S3=66.27 O=70.57 H=73.45 L=70.49 C=72.63 FAZ PP=18.51 R1=18.82 R2=19.26 R3=20.01 S1=18.07 S2=17.76 S3=17.01 O=18.94 H=18.95 L=18.2 C=18.38
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Post by ukarlewitz on Feb 22, 2010 9:41:43 GMT -5
Morning K.
IT - Bidu short 504.2. HD and X are already on the short list, in addition to shorts listed above.
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Post by elle on Feb 22, 2010 9:42:52 GMT -5
thanks, Kryptos
(cia?)
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Post by abdogman on Feb 22, 2010 9:44:14 GMT -5
Good Day Kryptos and thx for nmbrs GLTY
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lookingherethere
Broker/Dealer
"I am in me.." <In response to the possessed rumors>
Posts: 533
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Post by lookingherethere on Feb 22, 2010 9:46:42 GMT -5
Neg momo on FAS may switch down..watching 20 day ema
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Post by jack on Feb 22, 2010 9:56:50 GMT -5
No elle: prolly NSA who are the experts in that LOL!
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Post by elle on Feb 22, 2010 9:58:28 GMT -5
2 mins to P.Bo bill
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Post by abdogman on Feb 22, 2010 9:58:58 GMT -5
xlf just broke thru r1 but very low vol
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lookingherethere
Broker/Dealer
"I am in me.." <In response to the possessed rumors>
Posts: 533
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Post by lookingherethere on Feb 22, 2010 10:03:34 GMT -5
Now it is breaking back...may be an entry point.. where is that rum
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Post by abdogman on Feb 22, 2010 10:03:53 GMT -5
now back thru new support at 14.55
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Post by kryptos2009 on Feb 22, 2010 10:08:32 GMT -5
looks like 14.53 - 54 has had more touches on the chart, stronger support level?
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Post by ukarlewitz on Feb 22, 2010 10:09:05 GMT -5
111 is the 50dma. We tagged that 111.6 R almost to the penny. A black bar for Spy today?
Market drops after Bloomberg reports that Obama proposes first tax on unearned income
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Post by abdogman on Feb 22, 2010 10:09:19 GMT -5
kryptos ,could be this has been weird since the open
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Post by jack on Feb 22, 2010 10:11:04 GMT -5
White House kills another one...GL I'm outa here for awhile.
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Post by kryptos2009 on Feb 22, 2010 10:15:11 GMT -5
looks like we just had a triple touch on 14.52 within the last 4 mins
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Post by ukarlewitz on Feb 22, 2010 10:18:47 GMT -5
Carl - long 1104.5
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Post by elle on Feb 22, 2010 10:22:05 GMT -5
Uka, so that means Carl will go long if we get to 1104.50?
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Post by doglover on Feb 22, 2010 10:23:06 GMT -5
xlf at hod 14.58
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Post by ukarlewitz on Feb 22, 2010 10:24:17 GMT -5
In the morning, he sets his day trading range. Today, it's 1100-1116. He bought a long position at 1104.5 (ES). He usually trades just a half position he will, from time to time, add a second half.
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Post by elle on Feb 22, 2010 10:25:02 GMT -5
PCX, now approaching R again at 17.99, tell
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