PP-XLF = 14.89 - 3/05 Friday

[triggerhappy]

TICK +986

[elle]

just poke thru 2008 line SPX

[merrillstanley]

not sold on itms yet, happy here so far

[elle]

yeah, but I miss those NY accents

[abdogman]

MOMO went pos for FAS AND neg for faz 1 min ago

[elle]

okay, TSO coming up on R, 200 at 13.68, so may have to hold some back if wicks it up there

[ask2lern]

SPY twice rejected at R3....................


How ya suppose me nuts are doing today..............

I decided to see if couldnt add some pressure to the mix and bought VXX..........................LOL

[abdogman]

Ask u punny man

[elle]

tossing some SRS on the pile and heading for checkout counter

-still BE stops

[elle]

SPG R3 81.15, if SRS doesn't work out, that's where I get back in

[triggerhappy]

TICK +865

[triggerhappy]

TICK +1030

[elle]

IWM more new hod

[abdogman]

MOMO continues for fas xlf trying to mount run up toward R3

[abdogman]

last minute xlf had 1.3 mil surge moving up

[elle]

Mar 5, 2010 10:30:46 GMT -5 abdogman said:

last minute xlf had 1.3 mil surge moving up

whoa

how come dow not on board, seems a little lackluster with easy spx squeeze

[abdogman]

out of fas at 81.00

[elle]

I am SO in the mood to short, either clean up or go down in flames.

Looking to URBN at R3 35.37 or if falls thru S at 34.12, stoopid teenagers should be saving their money for college

[merrillstanley]

Top performing sectors on a percentage basis this morning include: Biotech +3.4%, Steel SLX +2.8%, Coal KOL +2.7%, Shipping SEA +2.4%, Gold Miners GDX +2%, Crude Oil USO +1.9%, Casino BJK +1.8%, Ag/Chem MOO +1.5%, Solar TAN +1.3%, Materials XLB +1.2%, Oil Service OIH +1.2%, Housing XHB +1.1%.

SPDR Homebuilders probing its 52-wk close high from Sep at 16.47 -- session high 16.45 (XHB) 16.45 +0.19 : The 52-wk intraday high also from last Sep does not come into play until 16.75 -- LEN +1.3%, MDC +1%, MTH +1.2%, PHM +1.8%, SPF +1.6%, TOL +1.8%, DHI +1.7%, KBH +2.7%, RYL +1.7%, HD +1%, LOW +0.8%.

9:48AM New session highs for stock indices -- Dow +59, S&P +6.9, Nasdaq +13.3 (DIA) :

S&P paused near resistance but limited downticks (SPY) : The index stalled near resistance noted in The Technical Take and the 09:33 update at 1130/1131 (opening high 1129.84) but only minimal downticks have been seen. Intraday supports are at 1125 and 1123. The next short term resistance of interest above the high is in the 1136/1137 area.

3 of 5 widely wathched NDX 100 components display early weakness (TECHX) : AMZN (-1.0%), BIDU (-1.10%), RIMM (-0.20%) all negative with strength in AAPL, & GOOG thus far.

Semiconductors Hldrs lagging as it slips back near unchanged after minor opening gains (SMH) 26.75 +0.02 :

S&P gaps up/extends to resistance in the 1130/1131 area --

[abdogman]

macd switch to neg for fas pos for faz and momo following suit

[elle]

really nice trade, dogman

[merrillstanley]

The US Dollar Index is pulling back off of fresh session highs, which is pushing most commodities to new morning highs.

April crude oil traded flat overnight and in the early part of the morning. Around 30 minutes before the open of pit trading, the energy component rose sharply and has rallied since, hitting fresh session highs of $82.07 per barrel. In current trade, crude is just under those highs at $81.88 per barrel, up 2.1%.

April natural gas broke out of negative territory earlier this morning and hit today's highs of $4.626 per MMBtu approximately 20 minutes after pit trading began. Natural gas is trying to hold current gains and is up modestly at $4.569 per MMBtu, down $0.006.

April gold and May silver are back in the black after quickly falling into negative territory about two hours ago. Gold hit fresh morning highs of $1138.00 per ounce moments ago and is currently 0.6% higher at $1140.1 per ounce. Silver fell sharply along with gold earlier, but only dipped in the red earlier for a moment. Silver has since been in positive territory and hit its own new session high of $17.415 per ounce moments ago. Currently, silver is 1.7% higher at $17.47 per ounce.

In shipping the Baltic Dry Index continued its recent run overnight, gaining 121 points, or 3.9%, to close at 3,242 and break above its 200-day sma around 3,135.

It has gained a whopping 19.8% in only six sessions. All four subindices advanced for the fourth consecutive session, and for the third day in a row they were led by a surge in the Capesize, which rallied 5.4% to 3,923. The Panamax is up 14 consecutive sessions, in which time it has gained 33.0%. The Handysize is up 12 consecutive sessions, in which time it has gained 22.1%. Finally, the Supramax is up 13 consecutive sessions, in which time it has gained 21.9%.
DJ30 +89.11 NASDAQ +25.00 SP500 +11.60 NASDAQ Adv/Vol/Dec 1811/562.0 mln/613 NYSE Adv/Vol/Dec 2381/206.1 mln/477

The S&P 500 recently ran into resistance at the 1130 line, but it has since regained its momentum to make a modest push past the line. Energy stocks (+1.2%) and materials stocks (+1.1%) continue to provide leadership.

[abdogman]

stoopid teenagers.....YO YO AND S--T!

[abdogman]

xlf fas and faz all flat....Consolidation for a move?

[elle]

Well, I have to head off for awhile. Hope pac man doesn't eat my stops. GL, guys.

[abdogman]

see ya later Elle

[abdogman]

xlf knocking on door of r3 at 15.115

[triggerhappy]

Bye Elle.

[merrillstanley]

A:D 4.8:1
vol not that bad for first 90 mins

[abdogman]

just went thru r3 15.12 on xlf but on low low volume