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Post by abdogman on Mar 5, 2010 11:07:45 GMT -5
Momo has switch from fas to faz but again low volume still stuck .01 above r3 on fas
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Post by merrillstanley on Mar 5, 2010 11:09:08 GMT -5
feels like one of those days where we run-up, kiss R, then dump...
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Post by abdogman on Mar 5, 2010 11:11:27 GMT -5
i agree Merrill thats why i dumped fas at 81.00 the first time better safe.....
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Post by merrillstanley on Mar 5, 2010 11:12:37 GMT -5
i agree dog...still holding VXX from yesterday and thinking about adding more...but one rule i have is never average down...quandry
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Post by abdogman on Mar 5, 2010 11:13:46 GMT -5
Merrill ...10-4 /anybody here looking to scalp TIVO?
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Post by merrillstanley on Mar 5, 2010 11:23:30 GMT -5
gonna take a second and pay some respects...
Krypt, thx for getting us up and running each morning...
ASK, ty for the GLD updates
Elle, for representing the 'ladies'
DOG, keep posting as your getting pretty good at this
Trigger...thx for the TICKs, espec in UKs absence
Mike, my bearish Mikey,,,i bet you're poised to gain from this recent light traded run-up...ditto
everyone keep up the good vibes here
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Post by abdogman on Mar 5, 2010 11:23:39 GMT -5
Obama should speak soon..... ?
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Post by merrillstanley on Mar 5, 2010 11:25:23 GMT -5
i know,,,,tempting to go
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Post by merrillstanley on Mar 5, 2010 11:28:11 GMT -5
dog, on TIVO,,,assuming you're up...sell in 1/3s up/down....50/25/25
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Post by abdogman on Mar 5, 2010 11:29:14 GMT -5
Merrill thx
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Post by abdogman on Mar 5, 2010 11:33:08 GMT -5
Xlf Fas hav both turned neg on momo and macd we are at 15.12 faz momo bldg
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Post by deadmoney95 on Mar 5, 2010 11:38:19 GMT -5
ITMS has master resistance on SPX at 1135, which it hit and bounced right off of at 11:20ish. Sorry should've posted that sooner, as that is one thing they're pretty good at calling. They have master support at 1116.
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Post by ask2lern on Mar 5, 2010 11:39:03 GMT -5
gonna take a second and pay some respects... Krypt, thx for getting us up and running each morning... ASK, ty for the GLD updates Elle, for representing the 'ladies' DOG, keep posting as your getting pretty good at this Trigger...thx for the TICKs, espec in UKs absence Mike, my bearish Mikey,,,i bet you're poised to gain from this recent light traded run-up...ditto everyone keep up the good vibes here No problem merril thanks to you too.......I am with the bear payoff coming to a theater near us soon......LOL...............GL
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Post by merrillstanley on Mar 5, 2010 11:41:42 GMT -5
that lady on cnbc, fighting for the right to smoke...looks like a smoker... not that there is anything wrong with it
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Post by merrillstanley on Mar 5, 2010 11:44:05 GMT -5
i respect her stand...gov't should recommend but not control
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Post by abdogman on Mar 5, 2010 11:44:19 GMT -5
she gives new meaning to the word indrag i mean a drag
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Post by abdogman on Mar 5, 2010 11:44:57 GMT -5
he is on tv
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Post by merrillstanley on Mar 5, 2010 11:45:38 GMT -5
Nasdaq Comp extends near 52-wk close high (QQQQ) : Noted resistance in the 2316/2326 area for the Nasdaq Comp in The Technical Take and have seen a run to this zone in recent action (session high 2317.62). This marks congestion from Jan along with its 52-wk close (2320) and 52-wk intraday highs (2326).
1st hour global & sector ETF view (XME) : Actively Traded Leading Global & Sector ETF Plays: SPDRS metals & mining- XME +3.0%, Casinos- BJK +3.0%, Steel- SLX +2.75%, Coal- KOL +2.75%, Base metals- DBB +2.50%, iShares S Korea- EWY +2.50%, Global shippers- SEA +2.50%, Gold miners- GDX +2.50%, Silver- SLV +2.25%, iShares Australia- EWA +2.0%, iShares Brazil- EWZ +1.75%, Russia- RSX +2.0%, Emerging mkts- EEM +1.75%, China 25- FXI +1.75%, Crude/WTI oil- USO +1.50%, OIL +1.75%
Actively Traded Lagging Global & Sector ETF Plays: VIX vol index- VXX -2.75%, Yen currency shares- FXY -1.50%, US bonds- TLT -1.25%, AGG -0.25%, BND -0.25%
Fresh session highs for stock indices -- Dow +91, S&P +11, Nasdaq +25 (SPY) : Relative sector strength (outperforming the S&P) on this intraday move has been noted in: Semi SMH, Finance XLF, REITs IYR, Ag/Chem MOO, Shipping SEA, Gold Miners GDX, Solar TAN, Rail.
NASDAQ 100 (NDX) leaders & laggards moving through today's 1st hour of trading (LINTA) : NDX 100 Best % Performers: LINTA +3.50%, DISH +3.50%, WYNN +3.0%, LOGI +3.0%, AAPL +3.0%, ADP +2.50%, SNDK +2.50%, NWSA +2.25%, XLNX +2.50%, NVDA +2.25%, NTAP +2.25%
NDX 100 Worst % Performers: BIDU -1.0%, AMGN -0.75%, AMZN -0.50%, MICC -0.50%, MSFT -0.50%, STX -0.25%, MRVL -0.25%
NASDAQ TRIN @ +0.75 NASDAQ A/D @ +1170
Dow 30 (INDU) leaders & laggards moving through today's 1st hour of trading (BA) : INDU 30 Best % Performers: BA +2.0%, AXP +2.0%, DIS +1.75%, CAT +1.50%, CVX +1.50%, AA +1.50%, HD +1.25%
INDU 30 Worst % Performers: VZ -0.50%, PG -0.25%, MSFT -0.25%, T -0.25%
NYSE TRIN @ 0.50 NYSE A/D @ +1825
Gold and silver trade to their best levels of the morning, at $1138.30 and $17.44 respectively (COMDX) : Gold currently higher by $4.70 to $1137.80 and silver is up 26.4 cents to $17.44.
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Post by merrillstanley on Mar 5, 2010 11:46:09 GMT -5
All three major indices are trading near session highs with broad-based gains. The mood this session has been positive since the opening bell.
Commodities are also strong. As such, the CRB Commodity Index is up 1.1%. Its strength is linked to that of the broader market, but it has also been helped by a pullback in the greenback, which now trades with a a 0.2% loss after it had been up as much as 0.4% earlier this morning. The dollar's decline comes chiefly as a result of gains by the euro and British pound. DJ30 +93.19 NASDAQ +25.68 SP500 +11.71 NASDAQ Adv/Vol/Dec 1889/881 mln/622 NYSE Adv/Vol/Dec 2463/324 mln/469
Financials have jumped out to a 1.4% gain, which has helped take the broader market another leg higher. Financials also provided leadership in the prior session.
Strength in the financial sector is broad, but consumer finance stocks, which are up 2.5%, are among the primary sources of support. The advance by consumer finance stocks comes even though analysts at Goldman Sachs downgraded shares of Capital One Financial (COF 37.41, +0.57).
Meanwhile, telecom stocks make up the only sector to trade with a loss. As a group, telecom is down 0.2%. Telecom is also the worst performing sector this year; it is down more than 10% since the start of 2010.DJ30 +91.90 NASDAQ +25.01 SP500 +11.45 NASDAQ Adv/Vol/Dec 1859/750 mln/628 NYSE Adv/Vol/Dec 2440/272 mln/464
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Post by merrillstanley on Mar 5, 2010 11:49:06 GMT -5
DM95, give ITMS props on their R/S levels....i missed that one, thx for posting
ASK, i concur, i don't like to predict moarket movements as that brings about uneeded thread drama...but we've seen this 'act' before...when i first began in the fnc' industry...Friday sell-offs were the norm...i mean the pattern was pathetically obvious..
since B.O. has been on, up slightly
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Post by abdogman on Mar 5, 2010 11:51:44 GMT -5
Well the pres on tv was a non event this time
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Post by merrillstanley on Mar 5, 2010 11:53:59 GMT -5
still some decent accum in XLF... A:D still 4.8:1
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Post by merrillstanley on Mar 5, 2010 11:55:14 GMT -5
fwiw...
both FAS/FAZ have seen accum over the past 6-8 hours..FAZ steady, FAS heavy this am
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Post by abdogman on Mar 5, 2010 11:59:08 GMT -5
Gotta walk dogs and get lunch .....hope nothing happens ...i am in cash back by 1300
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Post by merrillstanley on Mar 5, 2010 12:01:29 GMT -5
fwiw....
VXX/VIX have yet to touch the bottom of their respective BBs yet...everything is buried, stoch/macd/momo...RSI under 25 is screaming to take advantage though
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Post by merrillstanley on Mar 5, 2010 12:02:21 GMT -5
enjoy dog, good move
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Post by triggerhappy on Mar 5, 2010 12:06:02 GMT -5
TICK +794
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Post by merrillstanley on Mar 5, 2010 12:11:36 GMT -5
Stock indices probing levels of interest (SPY) : The Nasdaq Comp has pushed to its 52-wk close high at 2320 (session high 2319.70), the S&P has probed congestive resistance noted in The Technical Take at 1136/1137 (session high 1135.13) while the Dow has reached the 78.6% retracement of the Jan-Feb decline at 10538 (session high 10541). An indication of underlying intraday strength of a market move is when the indices reach levels of interest/resistances and they form only a relatively tight intraday range in close proximity.
Nasdaq Comp extends near 52-wk close high (QQQQ) : Noted resistance in the 2316/2326 area for the Nasdaq Comp in The Technical Take and have seen a run to this zone in recent action (session high 2317.62). This marks congestion from Jan along with its 52-wk close (2320) and 52-wk intraday highs (2326).
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Post by merrillstanley on Mar 5, 2010 12:54:36 GMT -5
wow internals strengthening? A:D 5:1
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Post by abdogman on Mar 5, 2010 12:55:17 GMT -5
i am back...doesnt look like i missed anything in the market
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