|
Post by triggerhappy on Mar 4, 2010 10:54:58 GMT -5
TICK -641
|
|
|
Post by merrillstanley on Mar 4, 2010 11:02:11 GMT -5
our thread viewership is down roughly 50% today...UK's absence is affecting this drop... he is a stud, but we're not chopped liver either...
|
|
|
Post by ask2lern on Mar 4, 2010 11:02:46 GMT -5
Mornin' Jes sittin here watching TSO (short), STBC (long) - not much else except stoopid DDSS. Looking for a retail short. Don't see anything else I want to take right now. Hi Elle......I am short GPS @ 20.94.........not working out the best at the moment....... Hey whats that chipmunk got in it's cheeks......... ;D
|
|
|
Post by elle on Mar 4, 2010 11:03:08 GMT -5
SPG pushing on support - FALL THROUGH! I think bad RE numbers allow SPG to squeeze, but this time, they just might head down a bit.
|
|
|
Post by elle on Mar 4, 2010 11:03:49 GMT -5
Mornin' Jes sittin here watching TSO (short), STBC (long) - not much else except stoopid DDSS. Looking for a retail short. Don't see anything else I want to take right now. Hi Elle......I am short GPS @ 20.94.........not working out the best at the moment....... Hey whats that chipmunk got in it's cheeks......... ;D nuts, of course
|
|
|
Post by triggerhappy on Mar 4, 2010 11:04:52 GMT -5
I just got a bullish cross on my MACD (65, 90, 12)
|
|
|
Post by merrillstanley on Mar 4, 2010 11:05:16 GMT -5
The dollar has extended its morning advance so that it now trades with a 0.6% gain against a basket of foreign currencies. The greenback's gain has been met with selling by equity market participants, who have sent the stock market back to the neutral line after it had traded with a modest gain.
Despite the broader market's pullback, shares of retailers remain strong. The group is up a collective 0.8%, thanks to strength that has stemmed from a large batch of better-than-expected same-store sales results for February.
Financials have also held up rather well against the recent decline. Collectively, financial stocks are up 0.6%. Insurance giant AIG (AIG 25.80, +0.92) is a primary leader among financial issues. DJ30 +7.40 NASDAQ -1.65 SP500 -0.01 NASDAQ Adv/Vol/Dec 1140/665 mln/1284 NYSE Adv/Vol/Dec 1294/261 mln/1529
|
|
|
Post by merrillstanley on Mar 4, 2010 11:06:00 GMT -5
Gold drops a quick ~4 points, to fresh lows at $1128.20, as the dollar index continues to rally; gold now lower by $14 to $1129.30 (COMDX) :
|
|
|
Post by triggerhappy on Mar 4, 2010 11:07:32 GMT -5
TICK +774. long here.
|
|
|
Post by elle on Mar 4, 2010 11:08:32 GMT -5
This might be one of those days when both sides draw their sa-words and fight to the death...........um, or just take off and head to the Mead Hall. Gonna set an aural alert and go do something else awhile.
|
|
|
Post by triggerhappy on Mar 4, 2010 11:11:23 GMT -5
TICK +791 Giddy up!
|
|
Mikey
Broker/Dealer
Posts: 581
|
Post by Mikey on Mar 4, 2010 11:11:54 GMT -5
Thanks Trigger for the TICK updates and D-Money for the Carl info, we're lost without UK usually so we appreciate you both picking up the slack- EXALTs on the way Been focused on watching X, making some observations in a separate thread - getting some huge distribution volume now. I'm feeling REAL solid in my 300% short position right now, good risk/reward at these levels. VXX also looking very bullish - it's been trading below its 50ema on the 15-min chart for most of the past week. You'll see it broke through yesterday but did not confirm the break until this morning. The 20/50 MA's are also crossing right now which is another bullish sign, and the lines just served as support on a backtest down to 25.21 - I think it's gonna fly soon:
|
|
|
Post by merrillstanley on Mar 4, 2010 11:12:13 GMT -5
elle to add on, we are continuing a sideways step upward to 1150...now does that happen in Mar/Apr, dunno, but at least we're getting the volatility we need to make $$$
|
|
|
Post by triggerhappy on Mar 4, 2010 11:14:16 GMT -5
Thanks Mikey. Just happy to help all of you, in some small way, given HOW MUCH you all have helped me...
|
|
Mikey
Broker/Dealer
Posts: 581
|
Post by Mikey on Mar 4, 2010 11:17:28 GMT -5
Of course it all comes down to the dollar - we're getting some positive TICK here and the SPY has gone up the past 45 mins or so due to the dollar pulling back a bit. I've been pointing out the $80.4 level on the dollar index for awhile - looks like we broke north of that again - and are now backtesting in a bull flag formation. My guess is that the dollar and VXX both break out big today - just what I'm seeing...here are Rob's charts:
|
|
|
Post by triggerhappy on Mar 4, 2010 11:23:37 GMT -5
MACD (12, 26, 9) bearish cross - out long.
|
|
|
Post by deadmoney95 on Mar 4, 2010 11:28:18 GMT -5
I'll stop acting all star-struck at seeing you guys (whom I've followed for months) actually referring to me, to confirm that I'll post any Carl F updates.
I can't wait to tell all my freshman buddies that I got to hang with the seniors today.
|
|
|
Post by triggerhappy on Mar 4, 2010 11:31:51 GMT -5
TICK +418
|
|
|
Post by merrillstanley on Mar 4, 2010 11:32:12 GMT -5
thx DM95, please, in the Spirit of CASHFILLY, share your thoughts openly w/o fear of judgement
|
|
|
Post by triggerhappy on Mar 4, 2010 11:34:20 GMT -5
Another leg down?
|
|
|
Post by triggerhappy on Mar 4, 2010 11:35:07 GMT -5
TICK -472
|
|
|
Post by abdogman on Mar 4, 2010 11:35:41 GMT -5
thx DM95, please, in the Spirit of CASHFILLY, share your thoughts openly w/o fear of judgement Profound Merrill thats what were about
|
|
|
Post by triggerhappy on Mar 4, 2010 11:35:43 GMT -5
UUP HOD
|
|
|
Post by merrillstanley on Mar 4, 2010 11:37:32 GMT -5
snap shot...A:D even...up vol barely holding on
|
|
|
Post by merrillstanley on Mar 4, 2010 11:41:13 GMT -5
New session lows for stock indices with underperforming Nasdaq 100/Comp slightly breaching the lows of the last two days (QQQQ) :
1st hour global & sector ETF view (XRT) : Actively Traded Leading Global & Sector ETF Plays: US retailers- XRT +1.50%, RTH +0.25%, iShares US broker/dealers- IAI +1.0%, US Dollar index- UUP +0.50%, Financials- XLF +0.50%, IYF +0.50%, Aerospace & defense- PPA +0.50%, VIX vol index- VXX +0.25%, Insurers- KIE +0.25%, US bonds- TLT +0.25%
Actively Traded Lagging Global & Sector ETF Plays: Nat gas- UNG -2.75%, Gold miners- GDX -2.0%, China 25- FXI -1.75%, Crude oil- USO -1.25%, OIL -1.25%, iShares Brazil- EWZ -1.25%, iShares Japan- EWJ -1.25%, Commods- GSG -1.25%, DBC -1.25%, Semis- IGW -1.25%, SMH -1.25%
Natural gas continues to sell off putting in fresh lows at $4.623 - its lowest levels since Dec 4; currently off 13.8 cents to $4.619 (COMDX) :
L-3 awarded $187.4 mln U.S. Navy contract (LLL) 91.65 -0.94 : Co has been awarded a cost-plus-fixed-fee contract by the U.S. Navy for systems engineering and technical support services. This is a one-year award with four option years. If all options are exercised, the total contract value will be $187.4 mln.
|
|
Mikey
Broker/Dealer
Posts: 581
|
Post by Mikey on Mar 4, 2010 11:41:44 GMT -5
Euro DUMPING
|
|
Mikey
Broker/Dealer
Posts: 581
|
Post by Mikey on Mar 4, 2010 11:44:48 GMT -5
And there's your textbook bull flag breakout:
|
|
|
Post by triggerhappy on Mar 4, 2010 11:48:44 GMT -5
TICK +642
|
|
|
Post by merrillstanley on Mar 4, 2010 11:55:08 GMT -5
from ITMS:
MARKETS HOVER FLAT AS SCARY PATTERN LOOMS
The markets initially rallied today on the back of great retail sales numbers and an announcement that Wal-Mart Stores, Inc. (NYSE:WMT) raised its dividend. Stocks like Abercrombie & Fitch Co. (NYSE:ANF), Family Dollar Stores, Inc. (NYSE:FDO) are soaring today as sales numbers, expected to be poor because of all the snow and weather problems, were actually amazingly good. Family Dollar Stores has jumped today almost 9.00% while Abercrombie & Fitch Co. has also rocketed up 10.50%.
In addition, Jobless Claims showed a solid reduction this week, dropping to 469,000, down 29,000 from last week. The markets had been worried as each of the last two weeks, jobless claims had risen close to the scary 500,000 number. This number today was definitely a relief to the markets.
With these two pieces of data helping give the market a bid, the dollar was also on the rise. This somewhat took the steam out of the markets. After gapping higher, the U.S. Dollar started to jump. Pending Home Sales also were announced at a disappointing drop of 7.60%. Considering this is closing in on the last chance to get the first time home buyer tax credit, numbers like this tell us the housing problems are far from over and another leg lower is likely.
After the gap higher, the 10:00am ET data, along with the rise in the dollar sent the markets lower. The SPDR S&P 500 ETF (NYSE:SPY) hit the double bottom from yesterday which signaled support. Sure enough, the markets bounced off of that level. The key to the chart on the intra day SPY is the head and shoulders pattern that has formed. Watch for a break of the neck line. Should this break, the SPY could sell all the way to a target of $111.00. Possibly as soon as tomorrow. If that neck line does not break, then the markets could hold up into early next week.
|
|
|
Post by triggerhappy on Mar 4, 2010 11:56:14 GMT -5
TICK +666 - pure evil :-)
|
|