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Post by kryptos2009 on Mar 3, 2010 1:39:38 GMT -5
FROM: www.allpivotpoints.comXLF PP=14.81 R1=14.87 R2=14.97 R3=15.03 S1=14.71 S2=14.65 S3=14.55 O=14.76 H=14.91 L=14.75 C=14.77 SPY PP=112.31 R1=112.62 R2=113.05 R3=113.36 S1=111.88 S2=111.57 S3=111.14 O=112.37 H=112.74 L=112 C=112.2 SPG PP=78.35 R1=78.99 R2=79.97 R3=80.61 S1=77.37 S2=76.73 S3=75.75 O=78.65 H=79.34 L=77.72 C=78.01 GS PP=158.47 R1=160.03 R2=161.31 R3=162.87 S1=157.19 S2=155.63 S3=154.35 O=157.18 H=159.75 L=156.91 C=158.75 JPM PP=41.79 R1=42.22 R2=42.83 R3=43.26 S1=41.18 S2=40.75 S3=40.14 O=41.98 H=42.4 L=41.36 C=41.62 MS PP=28.65 R1=28.97 R2=29.24 R3=29.56 S1=28.38 S2=28.06 S3=27.79 O=28.38 H=28.92 L=28.33 C=28.7 C PP=3.41 R1=3.43 R2=3.46 R3=3.48 S1=3.38 S2=3.36 S3=3.33 O=3.41 H=3.44 L=3.39 C=3.4 VIX PP=19 R1=19.41 R2=19.76 R3=20.17 S1=18.65 S2=18.24 S3=17.89 O=18.83 H=19.36 L=18.6 C=19.06 FROM: www.mypivots.comUUP PP=23.68 R1=23.75 R2=23.84 R3=24 S1=23.59 S2=23.52 S3=23.36 O=23.71 H=23.78 L=23.62 C=23.65 FAS PP=77.16 MP=77.63 R1=78.09 MP=78.73 R2=79.36 MP=80.46 R3=81.56 MP=76.53 S1=75.89 MP=75.43 S2=74.96 MP=73.86 S3=72.76 O=76.39 H=78.44 L=76.24 C=76.81 FAZ PP=17.17 MP=17.31 R1=17.45 MP=17.56 R2=17.67 MP=17.92 R3=18.17 MP= 17.06 S1=16.95 MP= 16.81 S2=16.67 MP=16.42 S3=16.17 O=17.36 H=17.38 L=16.88 C=17.24 FROM: www.nasdaq.comEconomic Events & Analysis - 3/3/2010 7:00 AM ET MBA Purchase Applications 7:30 AM ET Challenger Job-Cut Report 8:15 AM ET ADP Employment Report 10:00 AM ET ISM Non-Mfg Index 10:30 AM ET EIA Petroleum Status Report 2:00 PM ET Beige Book |
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Post by elle on Mar 3, 2010 7:23:11 GMT -5
haha - haha - first one here!
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Post by doglover on Mar 3, 2010 7:27:06 GMT -5
haha - haha - first one here! Good Morning Elle. |
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Post by ukarlewitz on Mar 3, 2010 8:39:16 GMT -5
Wow, 1:1 guy to gal ratio early this morning. This looks promising for today.
Oscar - Red Omni is back, he's a bear and saying don't fall in love with the upside. I'm not kidding. A good video worth watching, repeating reasons discussed last night, namely Iwm double top and bearish formation in DJT. In addition, he has a head test in the Qs taking place that he expects will fail and lead the Qs below the Feb low levels. Today, he's short NQ 1853 with target in the 1820's.
Cobra - black bars should be a near term top. Chart posted last night. Visit his site, he's awesome.
IT - ITws (watchlist) added two more shorts last night - CREE and DTG. I'll let you know if ITms (strategist) takes those trades, which implies a higher probability of success. Believe yesterday was likely a turnaround day and high pivot; if not, then 113.3 should be firm R. Note the double top intraday, the vol sell into the close (tute participation) and close on the low. 112.75 (hod) is now S. Note likley key reversal in USO. Think UUP is trying to breakdown as it keeps hitting the 20dma. Waiting a bit to add Bidu short, 'my favorite short candidate right now.'
gl
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Post by ukarlewitz on Mar 3, 2010 8:42:00 GMT -5
I like the rotating Fas globe logo.
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Post by jack on Mar 3, 2010 8:47:39 GMT -5
I like the rotating Fas globe logo. Agree! Now lets get poor or MadMark or poor to map the worldwide airline traffic flights onto it: |
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Post by doglover on Mar 3, 2010 8:54:11 GMT -5
I like the rotating Fas globe logo. Agree! Now lets get poor or MadMark or poor to map the worldwide airline traffic flights onto it: Jack when i see that it scares the crap out of me.  |
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Post by ukarlewitz on Mar 3, 2010 9:01:36 GMT -5
Carl - The lone bull. Today's range estimate is 1116-1130. Range so far has been 1115-9. 1130 was his target before a small correction, I believe. * * * This is totally the wrong time and place for this but, when you have three minutes, watch this music video. Pretty amazing. blog.makezine.com/archive/2010/03/rube_goldberg_music_video.html |
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Post by abdogman on Mar 3, 2010 9:04:50 GMT -5
Kryptos thx for nmbrs....Good Morning Gang...Elle nice to have you back in the fold...GLTA
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Post by merrillstanley on Mar 3, 2010 9:10:27 GMT -5
UK, feel guilty taking the board breath from B:G 1:1 to B:G 4:1...sorry,,,karma
being cautious here, as futures have climbed since last night, not convinced that tutes are here in force...still in ADRs and a few select leaders
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Post by ukarlewitz on Mar 3, 2010 9:16:06 GMT -5
Note the DX - starting lower. It's been starting higher almost every day and then dropping during market hrs, in turn lifting indices. Not today, so far.
I think IT is right, the UUP has short term weakness. Note the double top on the hrly chart. The 50 and 200dmas are both near the 23.2ish pivot.
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Post by ukarlewitz on Mar 3, 2010 9:23:12 GMT -5
USO - that reversal candle yesterday was bearish. 39.2 is firm R. Very tempting to scalp a short if we get a pop this am. DX is the key, of course. Gld also reflecting DX weakness.
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Post by kryptos2009 on Mar 3, 2010 9:34:51 GMT -5
Good Morning Gang,
Working on my 1st cup of coffee, not quite alive yet....
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Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Mar 3, 2010 9:37:28 GMT -5
UK we may have a bit more downside on the dollar, based on the news coming out of Greece/Europe - I could see the Euro heading up to the descending 20day moving avg around $136.93 (see Rob's chart below - on the left side) but not much further than that. I have a great monthly Euro chart I'll post in that monthly thread we have going. We also have a Euro pivot at 136.7 which you can see above on the 15-min chart, that held price in check on the last rally  |
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Post by ukarlewitz on Mar 3, 2010 9:37:45 GMT -5
EEM gapped right into yesterday's hod. Third gap open in a row. SPG testing multi day lod.
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Post by merrillstanley on Mar 3, 2010 9:38:04 GMT -5
Good Morning,
Here is your Merrill Morning Minute:
FAS bias this morning,remaining cautious as there is not convinving volume behind this move again…Bllomberg stated that the retail investor will likely drive this run to technical levels, then the shorting by the tutes will begin
Hold on one minute, The dead horse…ah nevermind
IBD again states we’re in a confirmed uptrend, I agree but need more confirmation
Tute participation ratings still stuck on “E” or now “D-“
Wonder where the markets would be without these M&As or positive jobs data
Will ad more shortly
GLTA
Krypt, TY again
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Post by ukarlewitz on Mar 3, 2010 9:40:42 GMT -5
Euro 137 is also the 200ma 60m chart. Nice pos divergences in Rsi, stoch and adx. Right into 20dma now.
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Post by merrillstanley on Mar 3, 2010 9:43:47 GMT -5
Stock futures have garnered modest support in recent action, such that a mildly higher start looks to be in order for the major equity averages. Though such an advance would be moderate, it would nonetheless put the stock market on track for its fourth straight gain. The slightly improved mood of premarket participants comes as Europe's major bourses make a move into positive ground after they spent the first part of their session mixed in the wake of Greece's long-awaited plan to cut its deficit. An in-line ADP Employment Change Report did little for premarket participants, but the February ISM Service Index (10:00 AM ET) is still to come, followed by the Fed's Beige Book (2:00 PM ET).
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Post by ukarlewitz on Mar 3, 2010 9:47:46 GMT -5
PCX will form a very nice double top at 21.0-.2.
Carl - long ES 1119. Exciting! Carl v Oscar/IT.
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Post by merrillstanley on Mar 3, 2010 9:49:33 GMT -5
the boys on CNBC must have "Irished" up their coffee this morning
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Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Mar 3, 2010 9:52:06 GMT -5
Covered AAPL $208.00 on that dip
Just picked up more VXX on its dip just now $25.08
Holding CREE and my steel shorts (ouch)
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Post by merrillstanley on Mar 3, 2010 9:54:32 GMT -5
mikey, i am really diggin' this platform...it is a great venue for your charts...kudos to you for the change...
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Post by merrillstanley on Mar 3, 2010 10:00:36 GMT -5
ISM Better than expectations
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Post by merrillstanley on Mar 3, 2010 10:04:13 GMT -5
A:D 2.3:1...vol a bit light
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Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Mar 3, 2010 10:06:19 GMT -5
Wow...once again these market makers are really screwed up people...run it up into the announcement then unload your inflated shares on the market, leaving the little guy holding the bag
Rob was just pointing out that it was likely a stop run to take out the buy orders just above yesterday's high - he says a lot of "breakout traders" leave buy stops up at key points, the MM's figure out where they are and move the markets to take 'em out. I've seen this debated though, I'm sure it'd be hard to prove that "they" do this.
Feeling good on that VXX trade now - just need X and AKS to come back down to earth - that'd bring my capitulation rating down below 6 (currently 8.0)
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Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Mar 3, 2010 10:07:49 GMT -5
Merrill thanks man you get +1 karma for always bringing the positive energy to the crew
Went to an irish punk concert in NYC last nite - total waste of life today
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Post by merrillstanley on Mar 3, 2010 10:07:55 GMT -5
big accum in SIRI from .83ish yesterday
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Post by ukarlewitz on Mar 3, 2010 10:10:52 GMT -5
UUP testing the 60m 200ma as well as the Fri lod, but it's already broken the 20dma. Spy is definitely stretched way out here - its tried to close above the hod yesterday, and can't. Nice vix pop  |
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Post by ukarlewitz on Mar 3, 2010 10:15:27 GMT -5
Wow...once again these market makers are really screwed up people...run it up into the announcement then unload your inflated shares on the market, leaving the little guy holding the bag Rob was just pointing out that it was likely a stop run to take out the buy orders just above yesterday's high - he says a lot of "breakout traders" leave buy stops up at key points, the MM's figure out where they are and move the markets to take 'em out. I've seen this debated though, I'm sure it'd be hard to prove that "they" do this. Feeling good on that VXX trade now - just need X and AKS to come back down to earth - that'd bring my capitulation rating down below 6 (currently 8.0) My man at Fidelity has said the same. He says the MMs see the pile up of orders, hit them then reverse. Fidelity is implementing a system where they will keep your limit orders in house, out of the MMs view, until the price gets hit. They're a pretty good crew, imo. |
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Post by ask2lern on Mar 3, 2010 10:16:46 GMT -5
Wow...once again these market makers are really screwed up people...run it up into the announcement then unload your inflated shares on the market, leaving the little guy holding the bag Rob was just pointing out that it was likely a stop run to take out the buy orders just above yesterday's high - he says a lot of "breakout traders" leave buy stops up at key points, the MM's figure out where they are and move the markets to take 'em out. I've seen this debated though, I'm sure it'd be hard to prove that "they" do this. Feeling good on that VXX trade now - just need X and AKS to come back down to earth - that'd bring my capitulation rating down below 6 (currently 8.0) Makes me more comfortable with my SPY Put position too..........I have not posted Gold pivots as it seemed no one is trading it ( To me trying to trade gold you may as well get a monkey and some darts) let me know if anyone wants them..............my only fear about the disastrous jobs number I am expecting is that the dollar could get hammered and the markets could rally as it has shown it like to do when the dollar falls................still bearish though.......thanks to all you guys this info is great......Exalts for you all as they become avail..........mikey you get the first....GLTA |
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