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Post by ukarlewitz on Mar 3, 2010 10:17:46 GMT -5
ITms added to EDZ at 4.98.
Positions: 2/3 SDS 35.2 2/3 EDZ 5.19 2/3 VXX 26.75 1/3 SRS 7.51 1/3 QID n/a
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Post by merrillstanley on Mar 3, 2010 10:21:23 GMT -5
UK, you make a convicing arguement to switch to F/I....tick alone has me tempted
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Post by merrillstanley on Mar 3, 2010 10:26:18 GMT -5
Opening Point Gainers/Losers (TECHX) : Point Gainers: RTP (+4.78), HSNI (+3.81), SWWC (+3.46), JOYG (+3.18), DIN (+2.93), FSLR (+2.53), LINC (+2.04), ETH (+2.26), TM (+1.98), UFPT (+1.89), BUCY (+1.77), MFB (+1.65), RINO (+1.52), CRZO (+1.52)
Point Losers: MDVN (-26.77), RHD (-3.22), NFLX (-2.87), VISN (-2.88), BJ (-2.03), ARD (-1.42), PVH (-1.09), CPNO (-1.09), WDC (-1.10), JAKK (-0.93), CMED (-0.95)
Early relative sector strength (TECHX) : A minor upside bias for the market averages in early trade with sector relative strength (outperforming the S&P) noted in Finance XLF / RKH, Materials XLB, Housing XHB, Oil Service OIH, Shipping SEA, Solar TAN, Steel SLX, Gold Miners GDX.
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Post by ukarlewitz on Mar 3, 2010 10:28:17 GMT -5
Divergence in tick - spy pushing hod but tick down in the 400's. tick hod around 900.
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Post by merrillstanley on Mar 3, 2010 10:30:35 GMT -5
A:D 2:1... B:G 10:1...worsening
as it pertains to S&P OBV...
The On Balance Volume indicator (OBV) presently offers a bullish signal. This is because the slope of the indicator is positive and shows that there is considerable buying interest.
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Post by ukarlewitz on Mar 3, 2010 10:32:42 GMT -5
ITms - sold Palm 6.43. What I'm seeing is be careful with the ITws (watchlist) but the ITms (strategist) is quite good.
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Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Mar 3, 2010 10:33:55 GMT -5
This chart speaks for itself: Still hasn't broken its rising 20hma though...not getting too excited Might short more X here
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Post by kryptos2009 on Mar 3, 2010 10:37:54 GMT -5
Ask,
Please continue to post the Gold Pivots. You never know who is looking at them even if they don't post.
It may also spark a new interest in the gold trade
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Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Mar 3, 2010 10:43:08 GMT -5
Covered CREE at $69.36, 2% loss Just maxed out my trading acct by adding a huge margined short position in X at $57.27 All in on the short side now, 3x margined: 175% of my account short X 75% long VXX 50% short AKS Pray for me...
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Post by ask2lern on Mar 3, 2010 10:43:23 GMT -5
Ask, Please continue to post the Gold Pivots. You never know who is looking at them even if they don't post. It may also spark a new interest in the gold trade Will do starting again tomorrow...........GL
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Post by merrillstanley on Mar 3, 2010 10:45:29 GMT -5
Mikey, sending karma your way, again
ask, pls share the gold data....we need all the data we can get our hands on
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Post by merrillstanley on Mar 3, 2010 10:47:49 GMT -5
Weakness in the US Dollar Index in current trade is keeping most commodities near session highs.
April crude oil has risen rather steadily since hitting overnight lows of $79.44 per barrel. After trending higher, crude hit session highs of $80.42 per barrel about 30 minutes ago. Ahead of inventory data, crude was sitting just under those highs at $80.11 per barrel, up 0.5%. Following the data, which showed a build of 4034K versus consensus of a build of 1275K, crude quickly fell back near the flat line, now off $0.03 at $79.65 per barrel.
April natural gas traded modestly higher for most of the overnight session before losing steam and falling into the red to morning lows of $4.68 per MMBtu. Lows were hit near the open of pit trading, but that was short-lived as the energy component spiked to fresh session highs of $4.771 per MMBtu immediately after. Currently, natural gas is trading 0.6% higher at $4.734 per MMBtu.
Despite a weak dollar, gold is sitting near the unchanged line after trading only modestly higher over the last four hours. Currently, gold is $1.20 higher at $1138.60 per ounce. May silver moved into positive territory six hours ago and trended to session high of $17.30 per ounce earlier this morning. Currently silver is 1% higher at $17.24 per ounce.DJ30 +36.65 NASDAQ +5.70 SP500 +4.36 NASDAQ Adv/Vol/Dec 1354/639.6 mln/1037 NYSE Adv/Vol/Dec 1832/179.4 mln/935
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Post by merrillstanley on Mar 3, 2010 10:55:46 GMT -5
Capital One sets new high of 38.27, eyeing 50 day (COF) 38.25 +0.27 : Yesterday's peak and its 50-day sma are at 38.33/38.35 with the top of its new two week range/Feb high at 38.53.
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Post by triggerhappy on Mar 3, 2010 10:57:26 GMT -5
TICK above 900 there...
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Post by merrillstanley on Mar 3, 2010 11:00:12 GMT -5
A:D 2.5:1....vol 1/4 of 10 day avg
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Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Mar 3, 2010 11:02:17 GMT -5
Euro just touched that 20 day MA Capitulation meter = 8.5/10
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Post by ukarlewitz on Mar 3, 2010 11:05:58 GMT -5
tick popped to 1100. Big buy program, confirmed by pos A/D (2.5:1 issues, 4:1 vol). The tell was the close above yesterdays 10m close high. Very hard to slay this beast with a falling DX. 113.0-.3 is the next R. Sweaty time.
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Post by ukarlewitz on Mar 3, 2010 11:10:43 GMT -5
UUP on 200ma hrly chart. 23.5
Kudos to Carl. So far he's shown up the Fas board (mostly bears last night), Oscar and IT. And through it all, he did it his way (Sinatra).
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Post by ukarlewitz on Mar 3, 2010 11:14:58 GMT -5
ITws - Short NSC. I will grant them this, they are consistent and do not lack conviction. I count 8 stock shorts, 4 etf shorts, and 0 longs.
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Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Mar 3, 2010 11:15:15 GMT -5
I think T4D posted this chart of the transports, we broke that line and are now backtesting it - I think we crash soon. Attachments:
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Post by merrillstanley on Mar 3, 2010 11:18:28 GMT -5
Gang, there is always the Beige Book to warrant a sell-off...good or bad news
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Post by merrillstanley on Mar 3, 2010 11:20:04 GMT -5
Stocks recently pushed to fresh session highs amid a pullback by the greenback, which is now down 0.6% and at a fresh session low against competing currencies. The dollar's decline has been especially helpful to materials stocks, which are now up to a session high with a 2.0% gain -- that's at least double the gain of any other major sector. Despite the materials sector's strength this week, it is still slightly lower for the year.
Defensive-oriented stocks have been laggards this session. As such, the telecom sector (+0.3%), consumer staples sector (+0.2%), and health care sector (+0.1%) trade with moderate gains. DJ30 +52.52 NASDAQ +10.35 SP500 +6.29 NASDAQ Adv/Vol/Dec 1571/890 mln/909 NYSE Adv/Vol/Dec 2070/252 mln/762
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Post by merrillstanley on Mar 3, 2010 11:20:49 GMT -5
SPDR Homebuilders testing Jan/Feb highs at 16.35/16.34 (XHB) 16.35 +0.20 : Noted relative strength in early trade and the test of yesterday's high with the next level of interest at the Jan/Feb highs which have been approached in recent trade. Its 52-wk close high from last Sep is at 16.47 on a breakout with the 52-wk intraday high also from Sep at 16.75.
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Post by ukarlewitz on Mar 3, 2010 11:22:38 GMT -5
I think T4D posted this chart of the transports, we broke that line and are now backtesting it - I think we crash soon. I agree. The Iwm chart, on the other hand, shows a b/o. I'm out Th/F without internet access or Blackberry access. I will have no idea in the world what is going on. Great timing.
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Post by elle on Mar 3, 2010 11:39:04 GMT -5
What you do then, Uka? Just put in conditional orders and cross fingers, sell all?
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Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Mar 3, 2010 11:42:13 GMT -5
Playing with Power E-Trade Pro right now, just installed it
Anyone use this POS? So far not so good
X showing some nice weakness - considering I have 175% of my acct short X I'm gonna be giving it some focus the next couple of days. I think it's a good position - doing some DD now, will be laying out some charts to support the case.
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Post by ask2lern on Mar 3, 2010 11:46:44 GMT -5
Playing with Power E-Trade Pro right now, just installed it Anyone use this POS? So far not so good I do only because I have never looked at anything else...........been with them since 1998.................I am not happy....the charts have stopped working at 10:30-11:30 CST about 3 times in the last few weeks............I am going to look at other platforms..................curious to see what your view is on it after a few days................GL
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Post by ask2lern on Mar 3, 2010 11:50:01 GMT -5
Mike if you look at yesterdays 1 min on anything except option you will see what I mean...............L2 still shows but for what ever reason no charts..................I emailed them twice.........I am Platinum customer but when I call the rep he likes to chat and I have better things to do.........................GL
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Post by ukarlewitz on Mar 3, 2010 11:56:37 GMT -5
What you do then, Uka? Just put in conditional orders and cross fingers, sell all? I went to Europe for 6 weeks last summer. I let it all ride the entire time I was away, which included the substantial early July swoon. It all worked out better than I could have hoped. I will be patient, a lesson I learned very well with SRS (yes, the devil itself) last year. Still, I will freely admit that it will be with considerable trepidation that turn on my system on Sunday.
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Post by ukarlewitz on Mar 3, 2010 11:58:38 GMT -5
Mikey, for you from IT (below).
United States Steel Corporation (NYSE:X) And Steel Dynamics, Inc. (NASDAQ:STLD) Signal Possible Top United States Steel Corporation (NYSE:X) is running higher today on the back of a solid drop in the dollar. X is up $2.00 (3.57%). The dollar is getting hammered today as global optimism is chasing money away from the safety of the U.S Dollar. The PowerShares DB US Dollar Index Bullish (Public, NYSE:UUP) is trading higher by lower by $0.19 (0.80%).
While X has had a great move higher since its 200ma daily low almost a month ago, it is coming into significant resistance. The key level here is $57.50. On the chart this shows directly as a possible drop level.
Another stock that looks to be nearing massive resistance is Steel Dynamics, Inc. (NASDAQ:STLD). Just like U.S. Steel, this stock has jumped significantly into massive daily resistance at $17.50. From this level, I am looking for a pullback of sizable proportions.
Both stocks are in the same sector and are extremely over extended. I will release my exact entries should the swing trade meet my criteria in the Research Center at InTheMoneyStocks.com. My bias is now on the bearish side. Let's see how these play out!
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