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Post by abdogman on Mar 9, 2010 10:50:45 GMT -5
Xlf pushing on pp of 15.26
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Post by merrillstanley on Mar 9, 2010 10:50:46 GMT -5
The US Dollar Index pulled back off of recently hit highs, which gave renewed strength to the majority of the commodity complex.
April crude oil pushed off of recent morning lows of $80.16 per barrel and has recovered most of its losses. However, the energy component continues to trade in negative territory and is currently 0.8% lower at $81.19 per barrel.
April natural gas is not being influenced much by the dollar today and is pulling back along with the dollar currently. Highs of $4.603 per MMBtu were hit near the open of pit trading, but natural gas is currently back near the flat line at $4.549 per MMBtu, up 0.5%.
Precious metals remain in negative territory, but are benefitting from weakness in the dollar. Gold is currently 0.6% lower at $1117.60 per ounce, while May silver is 0.6% lower at $17.17 per ounce.DJ30 +10.88 NASDAQ +5.66 SP500 +0.70 NASDAQ Adv/Vol/Dec 1255/528.5 mln/1114 NYSE Adv/Vol/Dec 1449/186.8 mln/1348
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Post by jack on Mar 9, 2010 10:53:19 GMT -5
There squeezing the nuts off of the guys at IT. Aside from X, it's their favorite short. Ahh, maybe Jack was short Bidu? Or, 1/2 a position short? Actually...I was just kidding. ("Artillery", I'm glad to report, is very much intact and ALWAYS in a high state of "Readiness" should the occasion arise....) LOL!!!
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Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Mar 9, 2010 10:53:21 GMT -5
Jack you might be on to something with the Cisco news
Not sure if it'll be a catalyst for upward momo or a "sell the news" - we do seem to be stuck here awaiting direction though
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Post by merrillstanley on Mar 9, 2010 10:53:57 GMT -5
oh, BTW, out FAZ this am, guess we really don't talk baout FAS/FAZ anymore...
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Post by abdogman on Mar 9, 2010 11:00:31 GMT -5
we are thru pp moving up on xlf large vol move 3 min ago
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Post by triggerhappy on Mar 9, 2010 11:02:46 GMT -5
Nice TICK -490
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Post by elle on Mar 9, 2010 11:03:34 GMT -5
Okay, I finally couldn't take it anymore, missed you guys too much - who knows why - but I did. All I'm watching is my positions list (working at home), but still maintaining bull bent even if my reasoning is quite weak. Here it is. Realigned circles last night.
We came out the top of the red one, hasn't happened in months. We are close to the top of the blue one, so that a big up day would take us out the top of that one. (Go down, this is all moot and circle intact) Now the reasoning is weak as I only have one precedent for 2 breaks out the top and that was July. So one previous is not much to go on, but I'll stay bullish, until something gives way. iI was thinking they had changed the computer program, but it could be that it is on a long cycle.
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Post by merrillstanley on Mar 9, 2010 11:03:55 GMT -5
seeing some hope an accum in VXX, unfortunately still not touching lower BBs to provide confidence that the bottom has been met
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Post by ukarlewitz on Mar 9, 2010 11:10:16 GMT -5
Vix-Vxx: If you chart them, over long periods, they do move together but since Sept the Vix has been much more volatile than Vxx. Vxx does seem to periodically lag Vix by a day. It has never lagged by two days. VXX is yellow, Vix is blue.
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Post by triggerhappy on Mar 9, 2010 11:10:22 GMT -5
Welcome Elle! Man cave no more...
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Post by triggerhappy on Mar 9, 2010 11:11:23 GMT -5
Workin on a right shoulder now for the day? Then down?
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Post by merrillstanley on Mar 9, 2010 11:12:42 GMT -5
HOV, touching top of BBs, time to short?
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Post by merrillstanley on Mar 9, 2010 11:14:31 GMT -5
S&P RSI nearing 75, there is a bit more room up here, but is it worth a long risk...
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Post by merrillstanley on Mar 9, 2010 11:15:04 GMT -5
S&P 500 +2.6 joins leading Nasdaq +12 above Monday highs, Dow +22 continues to lag (SPY) : Weighing on the Dow are: MRK -1%, PRE -0.7%, IBM -0.6%, AA -0.4%, JPM -0.4%.
Citigroup runs to fresh session high of 3.69 hovering slightly under its three month high from Jan at 3.70 (C) 3.67 +0.11 :
Financial Select Sector SPDR still in the red but sets new session/ recovery high in recent trade (XLF) 15.23 -0.02
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Post by merrillstanley on Mar 9, 2010 11:15:43 GMT -5
The major indices have put together a modest rally so that they now trade in positive territory. For the second straight session, the Nasdaq Composite is leading its counterparts.
The Nasdaq's relative strength stems from strong gains among large-cap tech issues like Research In Motion (RIMM 74.42, +1.03), which is already up some 7% since the start of the week.
Meanwhile, financials have provided a lift to the broader market. The sector had been down as much as 0.8% in the early going, but it has since made a strong move to trade with a fractional gain.
Telecom continues to trade as the best performing sector in the broader market, though. It is now up 1.4%. DJ30 +20.10 NASDAQ +9.92 SP500 +1.82 NASDAQ Adv/Vol/Dec 1286/760 mln/1146 NYSE Adv/Vol/Dec 1579/275 mln/1283
DAMN my eyes on S
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Post by ukarlewitz on Mar 9, 2010 11:16:21 GMT -5
Nice 10m high vol red candle in the Qs.
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Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Mar 9, 2010 11:17:57 GMT -5
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Post by merrillstanley on Mar 9, 2010 11:18:30 GMT -5
Euro/Brazil/China/Taiwan only world markets under water YTD...
FAZ is once again tempting sub 16...
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Post by merrillstanley on Mar 9, 2010 11:19:43 GMT -5
JBLU making its move
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Post by triggerhappy on Mar 9, 2010 11:21:16 GMT -5
Damn TICK +837
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Post by ukarlewitz on Mar 9, 2010 11:22:51 GMT -5
UUP now challenging hod. We need a close above 23.71 to confirm. Overall, looking very bull flagish on the intraday.
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Post by abdogman on Mar 9, 2010 11:23:10 GMT -5
Xlf moving up on volume spike 3 min ago now 15.28-29
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Post by merrillstanley on Mar 9, 2010 11:23:33 GMT -5
VXX update
According to the RSI which is currently at 22.92%, below the critical value of 30, VXX is oversold. This means that there has been significant recent downward momentum that is not sustainable. Although the stock may not begin to rally, selling pressure can not continue at this level.
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Post by ukarlewitz on Mar 9, 2010 11:26:40 GMT -5
Overall, tick is bullish. Peaks in the 800's and aside from the CSCO announcement, nothing below -400. A:D confirms, slightly pos.
I think that was it on the news front for today.
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Post by merrillstanley on Mar 9, 2010 11:27:22 GMT -5
can't believe a Prius can go that fast ...don't these people shift the vehicle in Neutral? or does that not work...
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Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Mar 9, 2010 11:34:07 GMT -5
X getting some volume - it's a nasty battle going on there - won't notice much unless you look at the 1-minute
EDZ at $47.00 looks good
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Post by triggerhappy on Mar 9, 2010 11:35:24 GMT -5
TICK +855. May lose right shoulder...
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Post by triggerhappy on Mar 9, 2010 11:38:15 GMT -5
TICK +1052
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Post by triggerhappy on Mar 9, 2010 11:41:56 GMT -5
Okay, I finally couldn't take it anymore, missed you guys too much - who knows why - but I did. All I'm watching is my positions list (working at home), but still maintaining bull bent even if my reasoning is quite weak. Here it is. Realigned circles last night. We came out the top of the red one, hasn't happened in months. We are close to the top of the blue one, so that a big up day would take us out the top of that one. (Go down, this is all moot and circle intact) Now the reasoning is weak as I only have one precedent for 2 breaks out the top and that was July. So one previous is not much to go on, but I'll stay bullish, until something gives way. iI was thinking they had changed the computer program, but it could be that it is on a long cycle. That is really cool, Elle, how it jumped from red to blue and is now riding the top of blue. Let's hope it falls off the other side. :-)
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