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Post by Clinton SPX on Feb 25, 2010 9:51:31 GMT -5
I will also state FINS are strongest sector, YIKES!!
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Post by elle on Feb 25, 2010 9:51:32 GMT -5
SPX bounced off 38.2
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Post by ukarlewitz on Feb 25, 2010 9:54:23 GMT -5
109.1 has been tested 3x on 10m. No close below.
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Post by kryptos2009 on Feb 25, 2010 9:55:09 GMT -5
I held some FAZ calls from a buy yesterday @ 1.15
Sold today
Sold 10 FAZ FEW Mar 20 2010 18.0 Calls @ 1.50 (+26.58%)
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Post by elle on Feb 25, 2010 9:55:18 GMT -5
fib retrace off latest high
38.2 1086
50....1078
61.8 1070
78.6 1058
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Post by Clinton SPX on Feb 25, 2010 9:55:33 GMT -5
Highly likely SPY drops below 109
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Post by merrillstanley on Feb 25, 2010 9:57:30 GMT -5
JAZZ, ACAS, DRYS in play
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Post by ukarlewitz on Feb 25, 2010 10:02:23 GMT -5
IT - covered CREE and sold EDZ.
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Post by merrillstanley on Feb 25, 2010 10:04:56 GMT -5
UK, latin markets had nothing but good press this morning, good move on IT's part
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Post by ukarlewitz on Feb 25, 2010 10:05:54 GMT -5
Jpm - gap fill.
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Post by Clinton SPX on Feb 25, 2010 10:08:51 GMT -5
Bulls arent going down w/o a fight small signs of accumulation.
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Post by ukarlewitz on Feb 25, 2010 10:10:02 GMT -5
UUP coming back to the 23.78 S.
EDZ moved 10% in a few short days.
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Post by merrillstanley on Feb 25, 2010 10:10:26 GMT -5
The dollar has surrendered some of its morning gain so that it is now up a rather modest 0.2% against a basket of foreign currencies, but stocks haven't made much of a reaction. In turn, weakness in the equity market remains widespread and losses are still steep.
Commodities haven't been able to secure much more support amid the dollar's recent slip, either. That has left the CRB Commodity Index to continue to trade near its session low with a 1.4% loss.
Due imminently is the Housing Price Index for December. It is expected to make 0.4% increase after a 0.7% increase in the prior month. DJ30 -156.36 NASDAQ -32.06 SP500 -15.90 NASDAQ Adv/Vol/Dec 395/341 mln/1945 NYSE Adv/Vol/Dec 386/154 mln/2358
Stocks have started the session with sharp, broad-based losses, such that all 10 major sectors in the S&P 500 are in negative territory and eight of them are down in excess of 1%. The gap down has completely erased the prior session's gains and put stocks at a fresh weekly low.
With a 2.0% loss, industrial stocks are among the worst performers in the early going. Industrials have actually been among the better performers in the new year. Specifically, the sector is one of only three major sectors to trade with a gain since the start of 2010; it is up 0.9% year-to-date. DJ30 -173.82 NASDAQ -36.97 SP500 -18.35 NASDAQ Adv/Vol/Dec 324/239 mln/1951 NYSE Adv/Vol/Dec 312/115 mln/2400
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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 25, 2010 10:13:06 GMT -5
we seem stuck here for awhile ....
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Post by Clinton SPX on Feb 25, 2010 10:14:01 GMT -5
My guess they pop spy to 109.80 then sell it down
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Post by merrillstanley on Feb 25, 2010 10:15:13 GMT -5
clinton, that would be my first thought as well
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Post by ukarlewitz on Feb 25, 2010 10:16:42 GMT -5
My guess they pop spy to 109.80 then sell it down That would be my guess, at a minimum. But, as they say on Monty Python, 'expect the unexpected. And nobody expects the Spanish Inquisition.' |
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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 25, 2010 10:18:47 GMT -5
Nice Karma UK...
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Post by Clinton SPX on Feb 25, 2010 10:23:50 GMT -5
getting some weaker signals now this may just drop like a typical bear flag breakout down
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Post by merrillstanley on Feb 25, 2010 10:24:14 GMT -5
UK, i will karma you for the monty phython reference shortly, once i am able to karma again
just so some of you newer ones know, i have been randomly karma'ing you, so that you all feel more confident in sharing your views on the markets
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Post by ukarlewitz on Feb 25, 2010 10:24:20 GMT -5
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Post by merrillstanley on Feb 25, 2010 10:26:33 GMT -5
keeping an eye on "S"....UK it seems to be nearing a double bottom,,,appears 3.13ish is buy point, unlike the 2.70ish range we commented on earlier this month
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Post by Clinton SPX on Feb 25, 2010 10:27:47 GMT -5
very UNNatural pattern on my screen. Computers are building a short position my guess
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Post by Clinton SPX on Feb 25, 2010 10:29:13 GMT -5
Market doesnt trade in a symetrical sawtooth pattern but it is right now on spy
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Post by maxi on Feb 25, 2010 10:34:44 GMT -5
Excellent thread this morning guys and gals. Makes it very easy for me to get all this info in one place! Thank you so much. Will be throwing out out Karma shortly....
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Post by merrillstanley on Feb 25, 2010 10:36:01 GMT -5
First Solar extends its recent decline lower as it gaps down to challenge the 100.00 "psych" area (FSLR) 99.45 -5.59
Opening Point Gainers/Losers (TECHX) : Point Gainers: ESRX (+8.00), CCE (+5.88), DPS (+2.89), TRLG (+2.36), IRM (+1.71), PPO (+1.28), MYL (+1.25), LTD (+0.92), KSS (+0.98), SMSI (+0.97), CVC (+1.05)
Point Losers: GOOG (-8.60), RTP (-7.95), BIDU (-7.02), FSLR (-5.60), TS (-5.18), FLS (-3.89), PCLN (-4.37), MA (-3.50), AAPL (-3.46), GS (-3.20), SI (-3.18), CRM (-3.29), WLT (-2.90), AMZN (-3.02)
Limited bounce attempt reversed, stock indices drive to new session lows -- Dow -171, S&P -18, Nasdaq -36 (SPY) : S&P testing the 1086 support (38% retracement of Feb rally) noted earlier.
Pullback in dollar index helping gold recoup modest losses; currently off 20 cents to $1097
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Post by Clinton SPX on Feb 25, 2010 10:39:06 GMT -5
here comes the drop
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Post by merrillstanley on Feb 25, 2010 10:40:38 GMT -5
clinton, thx for "keepin' it real"....i'll exalt shortly, just hit UK up as promised
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Post by Clinton SPX on Feb 25, 2010 10:45:45 GMT -5
We had a 2 hour bull flag yesterday, I hope we dont go sideways today for 2 hours.
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Post by merrillstanley on Feb 25, 2010 10:47:27 GMT -5
clinton you know we are, has been the case....but there will be again another decisive movement near the lunch hour
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