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Post by elle on Mar 9, 2010 11:44:59 GMT -5
SPY uptrend fork mid-line 114.90, been hitting it since feb 24
if we hugged this track we would be 115.18 eod
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Post by abdogman on Mar 9, 2010 11:45:26 GMT -5
Xlf bouncing off R1 of 15.30
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Post by elle on Mar 9, 2010 11:46:29 GMT -5
IWM was high on the selling money flows list last night
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Post by merrillstanley on Mar 9, 2010 11:49:25 GMT -5
The stock market is chopping along with a modest gain. Action, in general, is lackluster.
There haven't been any recent headlines to encourage further buying among participants, especially since the dollar continues to trade with moderate strength. In turn, many traders remain on the sidelines as the stock market's recent gains continue to consolidate. DJ30 +17.76 NASDAQ +10.12 SP500 +2.20 NASDAQ Adv/Vol/Dec 1305/926 mln/1171 NYSE Adv/Vol/Dec 1594/331 mln/1295
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Post by abdogman on Mar 9, 2010 11:57:05 GMT -5
Xlf now thru R1 on low volume at 15.32 vol now bldg
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Post by ukarlewitz on Mar 9, 2010 12:00:43 GMT -5
A second high tick might signal a slight retracement, but A;D and the DX seem to be compliant.
The Qs, IYT and IWM are all confirming new daily highs. Spx is following. Seems to me we will gap fill and move higher over the next few days. The low overall vol and low Vix are warning signs, but that's about all. Psychologically, the shorts have to be ready to capitulate, and then we will have a top.
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Post by ukarlewitz on Mar 9, 2010 12:03:42 GMT -5
Nice t/a in both MS and JPM. GS above that Oct/Jan trend line and could move to mid-high 170's next. Tell me what I'm missing here.
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Post by elle on Mar 9, 2010 12:05:00 GMT -5
Uka, DDSS ceo giving a presentation at 1:30 et - link to webcast at labopharm website. Think I'll watch and see who's the captain of this boat I'm stuck on.
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Post by abdogman on Mar 9, 2010 12:08:22 GMT -5
time to take the dogs to lunch back ...no big reversals til i get back ok?
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Post by jack on Mar 9, 2010 12:08:50 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... Dunno but I got a 2010 in the Clunker thing last year. I've been hoping that it goes non-linear on me in order to test my "Evasive Driving Skills" a course which was taken when I was in training to evade terrorists a few years back...in a different life.
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Post by ukarlewitz on Mar 9, 2010 12:11:35 GMT -5
Uka, DDSS ceo giving a presentation at 1:30 et - link to webcast at labopharm website. Think I'll watch and see who's the captain of this boat I'm stuck on. Thanks Elle. Look who's a Broker/Dealer now.
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Post by merrillstanley on Mar 9, 2010 12:12:50 GMT -5
N1 jack..
daily observation...
my youngest DD is at home with the stomach flu, and she is busy yelling/questioning the logic of alligators jumping on rocks during an episode of Dora, the Explorer
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Post by elle on Mar 9, 2010 12:13:09 GMT -5
Uka, DDSS ceo giving a presentation at 1:30 et - link to webcast at labopharm website. Think I'll watch and see who's the captain of this boat I'm stuck on. Thanks Elle. Look who's a Broker/Dealer now. Oh man!
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Post by elle on Mar 9, 2010 12:15:01 GMT -5
IWM gap down to new hod
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Post by triggerhappy on Mar 9, 2010 12:16:21 GMT -5
Second TICK +1056. Maybe time to go down based on what UK said?
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Post by ukarlewitz on Mar 9, 2010 12:16:53 GMT -5
Here's the second +1100 tick.
Vix apparently is going for it's 18 down day in the last 19. The Twitter feed I follow is outrageously bullish. They're professional traders and you'd think they would be concerned, but I find they are bullish at the top and bearish at the bottom time and time again. Vader 7x is the best of the bunch. He d/t like no one's business.
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Post by elle on Mar 9, 2010 12:19:16 GMT -5
caught on circles between which side of 2/25 gap to use, but if I do the lower, then I could make a case we are through and backtesting
(you may think this is info, but actually just have to post more often to catch up with Wiley)
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Post by merrillstanley on Mar 9, 2010 12:20:04 GMT -5
European Markets Closing Prices: FTSE: 5602.3 -4.4 -0.1%; DAX: 5885.9 +9.9 +0.2%, CAC: 40 3910.0 +6.5 +0.2%, Spain's IBEX: -0.68%, Portugal's PSI: -0.72% :
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Post by merrillstanley on Mar 9, 2010 12:20:45 GMT -5
The Nasdaq 100 has made its way to a 0.7% gain, which is more than double that of the broader market. It is currently led by Apple (AAPL 223.67, +4.59), Microsoft (MSFT 28.92, +0.29), and Oracle (ORCL 24.94, +0.24). Cisco (CSCO 26.02, -0.11) is a laggard, though; investors continue to await what has been labeled a major announcement from the communications equipment company.
While large-cap tech issues are among the primary drivers of the Nasdaq 100, First Solar (FSLR 106.87, -1.77) is among the most actively traded names in the index. Shares of FSLR were recently downgraded by analysts at JPMorgan Chase. DJ30 +29.40 NASDAQ +11.11 SP500 +3.84 NASDAQ Adv/Vol/Dec 1395/1.09 bln/1115 NYSE Adv/Vol/Dec 1722/395 mln/1212
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Post by merrillstanley on Mar 9, 2010 12:22:09 GMT -5
more new HODs on the major markets three
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Post by ukarlewitz on Mar 9, 2010 12:25:56 GMT -5
Ahh, Vix and Vxx now both down 0.9%. The correlation only works one direction, apparently. If you could short Vxx, you would have a non stop money machine.
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Post by ukarlewitz on Mar 9, 2010 12:28:57 GMT -5
caught on circles between which side of 2/25 gap to use, but if I do the lower, then I could make a case we are through and backtesting (you may think this is info, but actually just have to post more often to catch up with Wiley) Go ahead and try. I can think of more mindless banter than you can shake a stick at. Note the trin drilling a hole in the floor - up vol way in excess of up issues. Supports these high ticks. If trin were closer to neutral then a high tick might have a counter punch; right now, it's just showing strong internals.
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Post by merrillstanley on Mar 9, 2010 12:29:45 GMT -5
VXX has been under distrib since late yesterday afternoon and has been mid Feb...still thinking is was a decent time to get in recently
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Post by actuarynomore on Mar 9, 2010 12:30:23 GMT -5
BTW, previous RIFIN/FAS highs - 10/24/09 822.01/93.39
Currently - 814.21 (.96%) /86.11 (8.45%)
Decay or not
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Post by drtracyb on Mar 9, 2010 12:30:36 GMT -5
Uka, DDSS ceo giving a presentation at 1:30 et - link to webcast at labopharm website. Think I'll watch and see who's the captain of this boat I'm stuck on. I got stuck,too - let me know what he says!
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Post by triggerhappy on Mar 9, 2010 12:34:11 GMT -5
caught on circles between which side of 2/25 gap to use, but if I do the lower, then I could make a case we are through and backtesting (you may think this is info, but actually just have to post more often to catch up with Wiley) Go ahead and try. I can think of more mindless banter than you can shake a stick at. Too funny on the trin, etc... Exalt! Note the trin drilling a hole in the floor - up vol way in excess of up issues. Supports these high ticks. If trin were closer to neutral then a high tick might have a counter punch; right now, it's just showing strong internals.
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Post by merrillstanley on Mar 9, 2010 12:36:49 GMT -5
The stock market has extended its recent upward move so that it now trades at a fresh session high. The climb has been led by the financial sector, which is now up 0.7% after it was down as much as 0.8% in the early going. Diversified financial services stocks (+1.9%) and consumer finance stocks (+1.0%) are presently the strongest players in the financial sector.
Meanwhile, utilities are still in the red with a 0.3% loss. Utilities make up the only major sector to trade in negative ground. DJ30 +46.25 NASDAQ +17.63 SP500 +5.68 NASDAQ Adv/Vol/Dec 1452/1.17 bln/1084 NYSE Adv/Vol/Dec 1755/421 mln/1186
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Post by elle on Mar 9, 2010 12:39:26 GMT -5
Uka, DDSS ceo giving a presentation at 1:30 et - link to webcast at labopharm website. Think I'll watch and see who's the captain of this boat I'm stuck on. I got stuck,too - let me know what he says! DrT, actually looks like we're putting in a good rounded bottom (no juvenile comments, boys)
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Post by merrillstanley on Mar 9, 2010 12:41:21 GMT -5
Quagmire: I like where this is goin'! Giggidy, giggidy, gig-gi-dy!
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Mikey
Broker/Dealer
Posts: 581
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Post by Mikey on Mar 9, 2010 12:41:28 GMT -5
UK you can short VXX, I have, and 'twas extremely profitable.
Check X out - Timber?
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