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Post by Rich on Dec 7, 2010 11:09:12 GMT -5
so at what point do we buy the fing dip?
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Post by clearwaters on Dec 7, 2010 11:15:34 GMT -5
Ok for todays conspiracy theory of the day....................The reason that the treasury is selling it's stake in Citi is because they are the bank that is going to be exposed by the Wiki docs and the govt knows they can not stop the docs from being released even if the guy has a horrible accident so they want to get out while the getten is good.........................now mind you this is not my theory just something I saw on the Internet so you know it must be true ;D........................let the kook fest begin..........LOL..................... ;D ;D That is fun, Ask. Exalt to you when I get one. I think that if Assange has a "horrible accident" everyone will know otherwise and hopefully that will protect him. |
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Post by rex on Dec 7, 2010 11:15:57 GMT -5
Fins regaining strength today. We might just melt back up all day to retest 1235.
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Post by abdogman on Dec 7, 2010 11:19:01 GMT -5
macd + on 1m xlf fas
macd neg on 1m iyr drn
iyr 55.87
drn 55.26
fas 24.80
xlf 15.25
on 1m
* have to do Dogs and Lunch Now* back as usual
Good Luck Gang !!!!!
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Post by Rich on Dec 7, 2010 11:22:21 GMT -5
fas has dropped to it's ascending trend line from yesterday.
spy has not dropped that far.
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Post by brosin on Dec 7, 2010 11:22:41 GMT -5
i have WAY too many spy weekly $124 puts anyone want any? i'll give you a good deal on them!  |
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Post by deadmoney95 on Dec 7, 2010 11:23:36 GMT -5
Carl F update: 4.bp.blogspot.com/_sL6ril9lDkw/TP....2B1040%2Bam.jpgHere is an hourly bar chart showing 24 hour trading in the e-minis for the past month. Early in November the market attempted to break out above the April top at 1216.75 (green horizontal dash line). It did not succeed and a 50 point break ensued. Now the ES is making another breakout attempt. This time things look more encouraging. After a two day hesitation and a bearish employment number last Friday the market has rallied further to 1235 this morning. A drop from this morning's high that equals the biggest since the November 29 low would only carry the market down to the breakout level (blue rectangles). That breakout level is now support, a fact emphasized by the fact that the lower trend channel line is now roughly at the 1211 level and is rising. I think a drop back to support is likely (green oval). But it should only last a day or two and it should be followed by a rally to the next resistance level at 1250. This is resistance because the March 2008 low on the Bear Stearns failure was 1253. This is a bull market. I think the S&P will reach 1300 by April. |
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Post by Rich on Dec 7, 2010 11:24:32 GMT -5
I think you're good, bros, but I'd sell them quickly on the impending drop.
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Post by brosin on Dec 7, 2010 11:27:27 GMT -5
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Post by Rich on Dec 7, 2010 11:31:49 GMT -5
The most surprising thing to me would be a sell-off.
So maybe it'll happen.
fas is barely hanging on to that trend line
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Post by ask2lern on Dec 7, 2010 11:40:06 GMT -5
From stocktwits.......................GL
MarketTells
Less than 80% of $SPX components trading >50d avg, down from over 85% in early November & over 90% in October $$
Dec. 7 at 10:29 AM
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Post by natsalilfly on Dec 7, 2010 12:03:50 GMT -5
Right Rich! My stop on FAS is 24.54. If it hits (likely), our 300 point day will come tomorrow. It's a $3+ dollar gain for me, but I'll still be mad if I get booted and it pops tomorrow. I didn't sell the morning high, thought it would hold a bit better...
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Post by natsalilfly on Dec 7, 2010 12:09:08 GMT -5
weird, my stop was 24.54 and limit 24.52, it sunk through without hitting!
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Post by natsalilfly on Dec 7, 2010 12:10:31 GMT -5
there it went, 24.53. Now it will probably go up again
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Post by ask2lern on Dec 7, 2010 12:14:01 GMT -5
From stocktwits...........................GL
TradingTheOdds
w/ intraday range <= 0.75% 3 days in a row (possibly today), $SPY managed a gain > +0.30% the next day on only 1 | the last 49 occurr. $$
Dec. 7 at 11:10 AM
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Post by brosin on Dec 7, 2010 12:19:36 GMT -5
close to a -1000 TICK
-977 there
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Post by ask2lern on Dec 7, 2010 12:46:12 GMT -5
From stocktwits..................................GL
TradingTheOdds
w/ $SPY leaving unfilled gap up & closing below open, $SPY closed at a higher level at least once during next 10 sessions on all 31 occu. $$
Dec. 7 at 11:38 AM
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Post by rex on Dec 7, 2010 12:54:21 GMT -5
From stocktwits..................................GL TradingTheOdds w/ $SPY leaving unfilled gap up & closing below open, $SPY closed at a higher level at least once during next 10 sessions on all 31 occu. $$ Dec. 7 at 11:38 AM Which means $SPY closed lower most of the time in the next 10 sessions??? This is hard to understand. |
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Post by sp7015 on Dec 7, 2010 13:03:18 GMT -5
Any thoughts on the 3 yr note auction results?
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Post by ask2lern on Dec 7, 2010 13:16:49 GMT -5
From twitter....................GL
CNBC White House: Obama to hold news conference Tuesday afternoon at 2:20pm ET #breaking - CNBC will carry it live!
32 minutes ago via Seesmic Desktop
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Post by brosin on Dec 7, 2010 13:30:32 GMT -5
From stocktwits..................................GL TradingTheOdds w/ $SPY leaving unfilled gap up & closing below open, $SPY closed at a higher level at least once during next 10 sessions on all 31 occu. $$ Dec. 7 at 11:38 AM Which means $SPY closed lower most of the time in the next 10 sessions??? This is hard to understand. It is saying to buy the dip because at some point SPY will close over the gap up number of $124 within 10 sessions |
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Post by rex on Dec 7, 2010 13:34:42 GMT -5
Ah, ok thanks for the interpretation.
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Post by cosmic on Dec 7, 2010 13:38:10 GMT -5
I'm seeing some odd weaknesses here and there.  |
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Post by abdogman on Dec 7, 2010 14:39:42 GMT -5
macd + on 1m iyr drn fas xlf
BB's spreading the above is following the top band at present
iyr 55.79
drn 55.03
fas 24.80
xlf 15.27
on 1m
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Post by brosin on Dec 7, 2010 14:39:53 GMT -5
+902 TICK here
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Post by abdogman on Dec 7, 2010 14:44:18 GMT -5
virtually sideways since last post
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Post by ask2lern on Dec 7, 2010 14:46:57 GMT -5
I am very surprised that vol and price are not higher..................1228 SPX was a key # and I would have thought that buy stops would have propelled this over 1235................and today is POMO too.................not that any of it is meaningful just an observation.......................GLTA
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Post by abdogman on Dec 7, 2010 14:50:34 GMT -5
macd neg now on 1m iyr drn xlf fas
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Post by abdogman on Dec 7, 2010 14:53:15 GMT -5
iyr 55.70
drn 54.80
fas 24.74
xlf 15.255
on 1m
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Post by abdogman on Dec 7, 2010 14:54:45 GMT -5
Vix moving up last 3m's
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