|
Post by elle on Mar 9, 2010 14:13:19 GMT -5
lol UK, ddss cc must not be going well No new news, but a good drug and approved, so who knows why the stock is behaving like this. I think everyone keeps expecting announcement of marketing partner
|
|
|
Post by merrillstanley on Mar 9, 2010 14:14:11 GMT -5
Index Change Reminder (INDXCH) : S&P will make the following changes after the close: Transatlantic Holdings (TRH) will replace Encore Acquisition Co. (EAC) in the S&P MidCap 400 index.
COMEX Metals Closing Prices (COMDX) : April gold ended lower by $2.20 to $1121.80, May silver gained 6.6 cents to finish at $17.338 and May copper closed up 0.1 cents to $3.4115.
American Intl shares surge here @ midday as price now pushes through notable technical resistance of yesterday's 30.25 HoD and the 200-day SMA near the 30.50 level (AIG) 30.58 +1.48 : HoD now @ 30.85
Financial Select Sector hovering near session high of 15.36 and slightly under the Jan/five month high at 15.40 (XLF) 15.35 +0.10 : This also marks the Oct gap 15.40/15.45 and its Sep high. There is an equality target above here at 15.55 with the multi-month range high with the 52-wk peak from Oct not coming into play until 15.76
|
|
|
Post by merrillstanley on Mar 9, 2010 14:15:23 GMT -5
elle that would make sense, or the old adage of sell on good, but on bad, no bad news so sell
|
|
|
Post by merrillstanley on Mar 9, 2010 14:15:57 GMT -5
Despite a pullback by the greenback from a 0.4% gain to a 0.1% gain, commodities continue to trade with considerable weakness. More specifically, the CRB Commodity Index is down 0.8%, which puts it only slightly above its session low.
Persistent weakness among commodities has bogged down natural resource plays. In turn, the materials sector has lagged the broader market for the greater part of this session. As a group, materials stocks are up just 0.1% at the moment.
Meanwhile, the broader market continues to trade with solid gains, though it is off of its session high. Telecom continues to outperform; stocks in the sector are up 1.6%, collectively. DJ30 +43.08 NASDAQ +17.30 SP500 +5.37 NASDAQ Adv/Vol/Dec 1596/1.59 bln/1016 NYSE Adv/Vol/Dec 1950/549 mln/1058
|
|
|
Post by doglover on Mar 9, 2010 14:18:42 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 Merrill.I almost shorted oil this am glad i waited. I was thinking it may run to $83 and was wondering what your thoughts were ? When you get time that is.
|
|
|
Post by triggerhappy on Mar 9, 2010 14:18:55 GMT -5
TICK +955
|
|
|
Post by ukarlewitz on Mar 9, 2010 14:21:23 GMT -5
Elle, welcome to Broker/Dealer status. Only 400 more posts to Hedge Fund Mgr. I'll race you to it.
Intraday Spy looks Friday. I'm ready for the last 90m explosion. A:D and tick keeping strong.
|
|
|
Post by triggerhappy on Mar 9, 2010 14:35:42 GMT -5
Somebody hit the down button on the elevator?
|
|
|
Post by merrillstanley on Mar 9, 2010 14:44:04 GMT -5
Hey, DL, follow the white rabbit...
OIL, nearing levels of 83 have been recent highs, price momo tends to peak at those levels then decline into the lower to mid 70s...your looking at a 2-3 week short play then, max return would be roughly 10%...keep in mind OIL is currently tied to the jobs market at this moment, last week's positive jobs report sent OIL up 1.3% on that news alone...if there is continued economic optimism, then OIL will climb...see what happens with job/retail later this week... recently the Commodities Futures Trading Commission announced increase interest in oil/gas investments among non-commercial buyers, including money managers and funds...they are going long the oil/gas markets...seems to me DL that shorting OIL has a limited ROI and possible greater risk, whereas taking a long position at this time may offer greater long term returns...an ideal OIL entry would be mid to low 70s
full disclosure, i do not play OIL, gather some add'l feedback and make your move, GLTU
|
|
|
Post by abdogman on Mar 9, 2010 14:44:44 GMT -5
Xlf 8 min ago almost broke R3 at 15.39 then went south now thru support at 15.34
|
|
|
Post by ukarlewitz on Mar 9, 2010 14:46:23 GMT -5
Carl out both for 4pts (8 pts total).
To fill or not to fill? I can't believe that Vxx is actually green. Feels weird. Possible that Vix could form a second black bar today. I'm curious how the Qs finish. If we sell and leave a tall wick it will be time to cue more dramatic music.
|
|
|
Post by ukarlewitz on Mar 9, 2010 14:48:18 GMT -5
I'm hoping that after Hedge Fund Mgr, the next designation is Blankfein Son.
|
|
|
Post by Dualism on Mar 9, 2010 14:50:25 GMT -5
I'm hoping that after Hedge Fund Mgr, the next designation is Blankfein Son. LOL. This way we can retire from this impossible game. ;D
|
|
|
Post by abdogman on Mar 9, 2010 14:51:39 GMT -5
XLF dropping
|
|
|
Post by merrillstanley on Mar 9, 2010 14:51:48 GMT -5
UK, U r on a role today
|
|
|
Post by abdogman on Mar 9, 2010 14:52:49 GMT -5
XLF 3 red 1 min candles on vol
|
|
|
Post by doglover on Mar 9, 2010 14:53:14 GMT -5
Hey, DL, follow the white rabbit... OIL, nearing levels of 83 have been recent highs, price momo tends to peak at those levels then decline into the lower to mid 70s...your looking at a 2-3 week short play then, max return would be roughly 10%...keep in mind OIL is currently tied to the jobs market at this moment, last week's positive jobs report sent OIL up 1.3% on that news alone...if there is continued economic optimism, then OIL will climb...see what happens with job/retail later this week... recently the Commodities Futures Trading Commission announced increase interest in oil/gas investments among non-commercial buyers, including money managers and funds...they are going long the oil/gas markets...seems to me DL that shorting OIL has a limited ROI and possible greater risk, whereas taking a long position at this time may offer greater long term returns...an ideal OIL entry would be mid to low 70s full disclosure, i do not play OIL, gather some add'l feedback and make your move, GLTU Thanks Merrill. Never tied oil to the jobs market before i guess i always think that the economy just can not handle these high prices. I will wait to see what the rest of the week brings.
|
|
|
Post by merrillstanley on Mar 9, 2010 14:54:17 GMT -5
sell programs?
|
|
|
Post by ukarlewitz on Mar 9, 2010 14:54:36 GMT -5
tick in the -600 to -700s. Several in a row. Low ticks (-1000) have been pointed out as a recent rarity (two in the last 10 days). A:D still strong - but watch it. A close for the Qs below 46.65 would be very very exciting.
|
|
|
Post by abdogman on Mar 9, 2010 14:54:41 GMT -5
macd and momo ne3g for fas pos for faz
|
|
|
Post by triggerhappy on Mar 9, 2010 14:55:17 GMT -5
Nice TICK -954
|
|
|
Post by merrillstanley on Mar 9, 2010 14:57:22 GMT -5
elle, ddss stablizing, on solid footing?
|
|
|
Post by merrillstanley on Mar 9, 2010 14:58:37 GMT -5
Retailers have lagged for the entire session. As a group they are currently down 0.1%.
Among the weaker performers in the group, J. Crew (JCG 47.07, -0.33) is down firmly ahead of its latest quarterly results, which are expected after the close. The current consensus is for fourth quarter earnings $0.46 per share on revenue of $443.1 million. J. Crew had actually issued a forecast for fourth quarter earnings from $0.37 to $0.42 per share.
Since becoming a publicly traded company in 2006, J. Crew has missed the consensus earnings estimate only once. After the company announced better-than-expected earnings for the previous quarter, the stock spiked three points. DJ30 +41.56 NASDAQ +16.47 SP500 +5.51 NASDAQ Adv/Vol/Dec 1603/1.74 bln/1017 NYSE Adv/Vol/Dec 1964/640 mln/1060
|
|
|
Post by ukarlewitz on Mar 9, 2010 14:59:14 GMT -5
Look at the 15m vol candles on the Qs. Four 4x vol red candles surrounding the green candles.
|
|
|
Post by merrillstanley on Mar 9, 2010 15:01:54 GMT -5
NASDAQ 100 (NDX) leaders & laggards moving into today's final hour of trading (NVDA) : NDX 100 Best % Performers: NVDA +3.75%, EBAY +2.75%, FWLT +2.75%, ERTS +2.50%, SYMC +2.0%, CTXS +2.0%, JBHT +2.0%, AAPL +2.0%, WYNN +2.0%, DELL +1.75%, URBN +1.50%
NDX 100 Worst % Performers: FSLR -2.75%, PDCO -1.75%, MICC -1.75%, PCLN -1.0%, HSIC -1.0%, KLAC -1.0%, HOLX -0.75%, BBBY -0.50%, CMCSA -0.75%, AMZN -0.50%, COST -0.50%
NASDAQ TRIN @ +0.70 NASDAQ A/D @ +380
CBOT Agriculture and Ethanol and ICE Exchange Sugar Closing Prices (COMDX) : May corn closed lower by 6 cents to $3.69 per bushel, May soybeans closed higher by 0.5 cents at $9.475 per bushel, May wheat closed lower by 5.5 cents to $4.895 per bushel, May ethanol closed lower by $0.021 cents at $1.63, May world sugar futures closed 1.25 cents lower to 20.32 cents.
Dow 30 (INDU) leaders & laggards moving into today's final hour of trading (INTC) : INDU 30 Best % Performers: INTC +1.50%, UTX +1.50%, T +1.50%, GE +1.0%, MSFT +1.0%, BA +1.0%, BAC +1.0%
INDU 30 Worst % Performers: MRK -1.0%, KO -0.75%, AA -0.75%, PFE -0.50%, IBM -0.50%, JPM -0.50%
NYSE TRIN @ +0.70 NYSE A/D @ +610
Stock indices extend slide off midday highs -- Dow +29, S&P +3.5, Nasdaq +13.3 (SPY) : Initial intraday support for the S&P is being tested in the 1142/1141 area. A secondary support is at 1138.
|
|
|
Post by ask2lern on Mar 9, 2010 15:02:19 GMT -5
Looks like the R1 114.50 pivot held so far....GLTA
|
|
|
Post by merrillstanley on Mar 9, 2010 15:05:56 GMT -5
Stocks have turned lower after failing to extend their gains. The broader market now sits at an afternoon low.
The downward move has been most pronounced among consumer staples stocks, which are now down to a 0.1% loss. Kroger (KR 22.27, -0.63) is a primary laggard in the group, despite better-than-expected quarterly earnings and an in-line outlook. The stock is now at a fresh session low.
Retailers, now down 0.4%, have undercut the consumer discretionary sector, which is now flat after it had made its way to a modest gain earlier in the session.
Telecom continues to hold strong to its gain, though. In turn, the sector is up 1.4% this session. DJ30 +21.46 NASDAQ +10.14 SP500 +2.80 NASDAQ Adv/Vol/Dec 1576/1.86 bln/1050 NYSE Adv/Vol/Dec 1866/694 mln/1164
|
|
Mikey
Broker/Dealer
Posts: 581
|
Post by Mikey on Mar 9, 2010 15:10:37 GMT -5
Just got out of a meeting, after that break my capitulation meter down to 9.1/10
Threw another TIMMMM-BERRRR out there on the X board
Whew that felt good. Hope we keep going here - VXX will likely hit some resistance at its 20hma - it's spent the better part (probably 95%) of the past month below that trendline
|
|
|
Post by abdogman on Mar 9, 2010 15:13:41 GMT -5
XLF DROPS THRU SUPRT AT 1530
|
|
|
Post by merrillstanley on Mar 9, 2010 15:14:20 GMT -5
time to growl...everyone appears to be snorting...
|
|