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Post by kryptos2009 on Feb 17, 2010 9:01:35 GMT -5
Good Morning Gang!!
Here are the PP #'s for today.
XLF
XLF PP=14.1533
R1=14.3467 R2=14.4533 R3=14.6467
S1=14.0467 S2=13.8533 S3=13.7467
O=14.05 H=14.26 L=13.96 C=14.24
SPY
SPY PP=109.137
R1=110.453 R2=111.167 R3=112.483
S1=108.423 S2=107.107 S3=106.393
O=108.86 H=109.85 L=107.82 C=109.74
SPG
SPG PP=74.15
R1=75.61 R2=76.4 R3=77.86
S1=73.36 S2=71.9 S3=71.11
O=72.94 H=74.94 L=72.69 C=74.82
GS
GS PP=156.58
R1=158.56 R2=159.72 R3=161.7
S1=155.42 S2=153.44 S3=152.28
O=155.3 H=157.74 L=154.6 C=157.4
JPM
JPM PP=39.6533
R1=40.5567 R2=41.0433 R3=41.9467
S1=39.1667 S2=38.2633 S3=37.7767
O=39.33 H=40.14 L=38.75 C=40.07
MS
MS PP=27.7033
R1=28.0467 R2=28.2733 R3=28.6167
S1=27.4767 S2=27.1333 S3=26.9067
O=27.45 H=27.93 L=27.36 C=27.82
C
C PP=3.28333
R1=3.35667 R2=3.40333 R3=3.47667
S1=3.23667 S2=3.16333 S3=3.11667
O=3.22 H=3.33 L=3.21 C=3.31
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Post by jack on Feb 17, 2010 9:12:21 GMT -5
Thanks a lot Kryptos and Gang: Show your appreciation by giving him Kudos! Thx
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Post by merrillstanley on Feb 17, 2010 9:13:07 GMT -5
Thanks Krypt!
Good Morning,
Here is your Merrill Morning Minute:
FAS bias this morning, but that may change on a dime as there is no volume.
Weak volume, many contributing factors, some leaders are creating bases. Markets still reflect tute participation ‘nil’. The markets have been stuck on an “E” rating for over 15 sessions.
Remember we’re still in a correction. Stop your losses at 7%; take gains earlier than you normally would. Bottoms may not have been made.
Now, some upward moves have come on paltry volume, so continue to capture short sided gains and don’t sweat a few extra percentage points.
GLTA
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Post by cosmic on Feb 17, 2010 9:23:21 GMT -5
Thanks a lot Kryptos and Gang: Show your appreciation by giving him Kudos! Thx Ahem... KARMA! |
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Post by ukarlewitz on Feb 17, 2010 9:27:03 GMT -5
Morning all. Nice day in the Keys today so I won't be here long. Thanks to K for the marks. I'm glad everyone seems to have made it over here.
Itms - 'not a lot left in this market.' Noted the weak volume rise yesterday as a concern for sustainability of this trend. We are PM at 110.35, an area of high R. They will initiate a 1/3 short here (EDZ 5.35). But be careful as this rise could go on for another week or more. Choppy trading.
Carl - 1088-1102 today. He's bull and give him credit for seeing both the downtrend as well as the rebound.
Oscar - apparently he's bull today. No trading reco yet.
gl to all.
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Post by merrillstanley on Feb 17, 2010 9:28:38 GMT -5
Hey Cos, thx for the polls, can we get a thread started where we can have daily ranges in the s&p, i only ask as i am new to this and you seem to have a pretty good handle...saw your rifin chart btw, nice
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Post by worldclass422 on Feb 17, 2010 9:29:29 GMT -5
Kryptos, Thanks very much... Good morning all
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Post by Dualism on Feb 17, 2010 9:30:35 GMT -5
Thanks a lot Kryptos and Gang: Show your appreciation by giving him Kudos! Thx Ahem... KARMA!Is there a bank account tally as how many KARMA's one may dish in a given period of time? By the way I am exalting Jack for his shout out to YMB stragglers.-) |
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Post by kingdisco on Feb 17, 2010 9:31:28 GMT -5
Is there a bank account tally as how many KARMA's one may dish in a given period of time? By the way I am exalting Jack for his shout out to YMB stragglers.-) yep once you give out 10... you die. LOL! |
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Post by cosmic on Feb 17, 2010 9:32:51 GMT -5
Hey Cos, thx for the polls, can we get a thread started where we can have daily ranges in the s&p, i only ask as i am new to this and you seem to have a pretty good handle...saw your rifin chart btw, nice Morning! If you want to start a poll daily on the range, you can do that (there's a poll option next to the New thread option). Or just start a traditional thread. If you want something to sticky each day, I'd as that you work with King on the hows and whens and wheres. |
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Post by cosmic on Feb 17, 2010 9:37:32 GMT -5
Is there a bank account tally as how many KARMA's one may dish in a given period of time? By the way I am exalting Jack for his shout out to YMB stragglers.-) You are able to give out 1 Exhalt or 1 Smite per hour. |
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Post by kingdisco on Feb 17, 2010 9:37:40 GMT -5
Hey Cos, thx for the polls, can we get a thread started where we can have daily ranges in the s&p, i only ask as i am new to this and you seem to have a pretty good handle...saw your rifin chart btw, nice Morning! If you want to start a poll daily on the range, you can do that (there's a poll option next to the New thread option). Or just start a traditional thread. If you want something to sticky each day, I'd as that you work with King on the hows and whens and wheres. i'd say just start a new daily thread with the title 2/17/2010 S&P Range by whoever wants to do it daily. if someone is willing to post Daily Pivots & Ranges for S&P ranges to a sticky post and such I'm willing to put up one Sticky a Week or so that you guys can use for the whole week and then i'll undo it at the end of the week. and do a new sticky. but it would need to stay relatively uncluttered minus the ranges and important comments. I guess the question is how useful to everyone will it be? If a lot of people want it and will use it then yes. |
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Post by Dualism on Feb 17, 2010 9:42:32 GMT -5
Is there a bank account tally as how many KARMA's one may dish in a given period of time? By the way I am exalting Jack for his shout out to YMB stragglers.-) You are able to give out 1 Exhalt or 1 Smite per hour. This is what I like about this MB. Everything is so well thought out. Not like WallStreet bonuses;-): Gazillion in bonuses to risk other people's money. |
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Post by jack on Feb 17, 2010 9:46:04 GMT -5
Having a good feel for where the SPX is going would be a good thing imo. That's my entire 401K! I don't trade it very often, but still...
btw "Thanks" dual for that "exalt" thing.
lol
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Post by doglover on Feb 17, 2010 9:46:15 GMT -5
Good Morning all.
Thanks for the numbers.
I love this board !!
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Post by Rich on Feb 17, 2010 9:58:14 GMT -5
I sold my long on the initial pop. May short depending on what develops.
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Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Feb 17, 2010 10:01:10 GMT -5
GM all, had a busy morning already.
Sold the only remaining long i my trading account (NYX) at $25.60
Covered 1/2 of my X short at $51.26 on a nice spike down, the other half doing nicely now (below $51). Might cover my other 1/2 now and move it to short that POS we call SPG.
Shorted Deere (DE) due to their inflated stock price today based on top-line data that wasn't that great upon further investigation (revenue by division) - I think its gonna drop hard today. I shorted at $57.45, it's down 20-30 cents since then and has air down to its 50dma at $54.
Still short SPG, TOL, and DDR - and long VXX (blug-a-blug-a under water on that one)
Just went long DRV also at $13.25
So the bear is back...just not for long hopefully.
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Post by merrillstanley on Feb 17, 2010 10:01:32 GMT -5
A:D positive, 2.6:1...vol up obvious...we are experiencing distrib in fas, but its still up...watching closely
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Post by ukarlewitz on Feb 17, 2010 10:06:34 GMT -5
IT - shorting X at $51.80 and ANF at $35.23.
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Post by cosmic on Feb 17, 2010 10:08:37 GMT -5
A:D positive, 2.6:1...vol up obvious...we are experiencing distrib in fas, but its still up...watching closely Merril, what do you see that represents distribution. I'm curious what you are looking at. |
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Post by elle on Feb 17, 2010 10:14:05 GMT -5
GM all, had a busy morning already. Still short SPG, TOL, and DDR - and long VXX (blug-a-blug-a under water on that one) . Mikey, Stopped out SRS pm, but bottom S line is 7.60 area, so I'll try again there. Still feels a little squeezy, which is how they're keeping it lookin' good - but the deal for G could swing either way any time. |
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Post by jack on Feb 17, 2010 10:14:19 GMT -5
A:D positive, 2.6:1...vol up obvious...we are experiencing distrib in fas, but its still up...watching closely That's good enough for me: www.rallymonkey.com/oldvideo.php |
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Post by elle on Feb 17, 2010 10:18:11 GMT -5
Mikey,
In SRS here for another go. Gluttons for punishment?
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Post by ukarlewitz on Feb 17, 2010 10:18:39 GMT -5
Dang it, how come you guys are Desk Traders and me, Mikey and Merrill are Newbies? Cafeteria corner again.
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Post by merrillstanley on Feb 17, 2010 10:18:41 GMT -5
Cos, long time user of scottrade...they have a accum/distrib chart, realtime, which shows money flows in real time...now it does not break down where the monies are coming from, but it is another indicator i use the compliments the BB, stochs, macd and momo indicators
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Post by kryptos2009 on Feb 17, 2010 10:26:00 GMT -5
Sold 30 FOS Feb 70.0 Calls @ $2.10 - 76.97% gain
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Post by ukarlewitz on Feb 17, 2010 10:28:26 GMT -5
tick: ma hit +550 this morning and has been in decline since. Note that we rarely see ticks above 400-500. Still strong: ma = 250 and peaks in high 700s and troughs in -100s-200s.
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Post by elle on Feb 17, 2010 10:28:34 GMT -5
Dang it, how come you guys are Desk Traders and me, Mikey and Merrill are Newbies? Cafeteria corner again. We're sitting at the jock table. |
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Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Feb 17, 2010 10:28:46 GMT -5
That's funny UK I just covered my X at $50.7 and just shorted more SPG at $76.53 because I think $76.7 will hold and there is more profit potential in the SPG short. If you look back to early-Jan, SPG closed at $76.6-76.8 several times, it was an area of strong S/R from Jan 7-20 or so. Also, SPG has its 50dma at $75.57 so I'm expecting a re-test of that area.
DE under selling pressure - went as low as $56.6, then came back up to test $57 and failed
VXX just went positive on 5-min MACD, up from $29.0 to $29.6 in past half hour and just back-tested $29.3 and held.
Feeling short-term bearish here - we now have two gaps to the downside within striking distance...
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Post by merrillstanley on Feb 17, 2010 10:33:36 GMT -5
Hey UK, enjoying the sun
Mikey, thinking with you here, growl <mini>
Elle, what ranges are you seeing today for the s&p
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